| Full Description: Las Olas Beach Community (the “Project”) is a residential beachfront development project located in Playa Esterillos, Puntarenas, Costa Rica. The Project site encompasses 39.9 hectares (approximately 98.6 acres). The site includes two property types: (i) 2.1 hectares are under the maritime zone that has a concession granted by the Municipality of Parrita, and (ii) the remaining 37.8 hectares are clear-titled.
There are a total of 350 residential lots, 6 of which are suitable for higher density highrise building. There are also 2 lots located on the main costanera which are ideal sites for commercial development.
PROJECTED GROSS SALES OF THE PROJECT ARE $700 MILLION PLUS.
The Project analysis included marketing studies, feasibility studies, and all the other studies necessary to getting the property fully approved for development which included the following:
• Topography and slope;
• Hydrology – major and minor drainage and water source features and
resources;
• Geology – surface and subsurface conditions;
• Vegetation – major vegetative covers and tree inventory;
• Other ecological and environmental factors – views and special
conditions;
• Utilities – power, water, sewage and communication services;
• Permitting process and legal restrictions – zoning, building codes,
easements.
Afterwards, the required environmental impact studies were completed and SETENA approvals obtained for both the concession and the titled land. Current status is that all permits have been obtained.
The most desirable property to own is on the beach or steps from the beach. Why? Because that is where people want to be. There are no more beach front lots available in California or on the east coast of the US at affordable prices. They are all gone, but even if you could find one it would be over a million dollars. Costa Rica beach side lots are selling at 1960 California prices and good beach front property in Costa Rica is still cheap compared to the US. However, even in Costa Rica good beach front property is hard to fine, only 1/5 of one percent of the land in Costa Rica is on a nice Beach. Las Olas Beach Community is one of those scare properties that are located on one of the nicest beaches on the Central Pacific Gold Coast.
The design philosophy for Las Olas is to create a high-quality residential development that will capture the essence of pristine Costa Rica and lush beach vegetation of the Central Pacific Region at a price range of $150,000 to $200,000.
The intent is to focus on four primary goals:
• High Quality –Establish and implement high quality design standards to promote a harmonious resort community which will help position Las Olas as the premier residential development in the area.
• Security –Create a private resort with the emphasis on a secure living environment. Implement features such as guard stations, gates, walls, etc., to provide the sense of security.
• Beach Community Character –The project theme will be geared to beach side living with home design that reflects that lifestyle. Therefore, the lots will be between 500 and 700 square meters and the homes will be one and two stories.
• Resort Atmosphere –Implement design features to enhance the resort atmosphere and create a leisure environment.
2.3. Site-related Assets
• The main access road into Playa Esterillos Oeste, the Costenera highway, is paved and in good condition and is destined to become the new Pan American costal highway. All the bridges are being improved and the road paved.
• The site’s natural topography facilitates ocean views, thus enhancing property values.
• A significant amount of native vegetation exists on the site.
• All hotel guests and residents will have direct beach access.
• The beach is of world-class surfing quality and boasts the lightest colored sand and one of the cleanest environments on the Central Pacific Coast. It is a blue flagged beach.
Planned Amenities Include:
Beach Club: Adult and children's swimming pools, Swim up Bar and Grill, Meeting Room, Restaurants, Gym, Spa, Full Service Condo-Hotel to accommodate guests with a professionally managed rental pool program to generate optional income while you are away. (As one of the most desirable beaches in Costa Rica there will be a big demand for rentals
in this area.)
There will be green areas with tennis courts, soccer fields, basketball courts and walking trails. Our extensive website www.lasolasbeachcommunity.com contains detailed information on this development; location, architects credentials, site map and status of lots (size, price, availability...).
MARKETING AND SALES INFO
Target Market
The Las Olas land use program will be consistent with the preferences and values of the Experience Seeker segment of the North American Travel market.
Destination features that Experience Seekers are looking for:
• Authenticity and smaller scale charm are essential - not high rises and commercial centers (they could be anywhere)
• Natural locations over highly fabricated locations - environmental conservation
• Indigenous culture - hiking trails –opportunities to explore both guided and non guided
• Accommodation low density as opposed to conventional hotels
Destination experiences that Experience Seekers are looking for:
• Nature (69%)
• Personal and spiritual growth opportunities (65%)
• Exotic locations (61%) - Active body sports (48%)
The Las Olas target market will be affluent foreign and local real estate buyers seeking a luxurious beachfront living experience.
Characteristics of the target market:
• 80% will be North American, with heavy representation from the states of Florida, Texas, California, New Jersey, New York and Georgia.
• Most will be mature couples who are semi-retired, although it is expected that many affluent couples with teenage children will be attracted to the resort for its proximity to local attractions (particularly surfing and adventure travel activities).
• Given the price points, most buyers will be successful entrepreneurs or highly-paid professionals.
• The majority will be highly active individuals who love the outdoors and appreciate Costa Rica’s unique natural environment and opportunities for adventure travel.
Las Olas offers a high quality product within a beach-oriented residential resort environment, at a significantly better pricing than being offered by other developers. It is projected that the entire project can be built out in 4 to 5 years.
FOR MORE INFO VISIT OUR WEBSITE WWW.LASOLASSITE.COM CONTACT JOVAN:
US-305-320-9107
CR-+506-8-338-9315
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