The majestic St. Elena beach development project spans 140 acres in Guanacaste and includes a masterplan

  • $8,900,000
For Sale

The majestic St. Elena beach development project spans 140 acres in Guanacaste and includes a masterplan

  • $8,900,000

Overview

Property ID: ECO24PVH12
  • Projects, Farm, Commercial
  • Property Type

Description

The Bay is set on approximately 140 acres of coastal land with a half-mile of ocean front. The ocean front includes a small beach with pristine water; water that retains its clarity all year round. This is not common in Costa Rica. With the months that bring the heaviest rains, the rivers, streams and organic runoff affect water transparency along most of the coastline. But The Bay is many miles away from the closest river delta. The currents are also ideal for keeping the water beautiful…and they make for great fishing, right off the beach.

The topography of the property is ideal, as 3 natural amphitheaters have been naturally carved out to face south (the beautiful gulf and Santa Elena National Park) and southwest (great sunsets). From the highest parts of the property (the higher hills rise to over 400 feet above sea level), you can also catch nice views of Salinas Bay and southern Nicaragua, to the north.

The ascending topography opportunely shields the strong winds that gust from the north during the drier months (December through March).

Because of its rectangular shape, The Bay has 4 main borders: the Pacific Ocean (Gulf of Santa Elena) to the south, public roadway to the east, private property to the north, and Santa Elena Preserve (SEP) to the west.

The area is seeing major investments and development, which brings along with it major improvements in infrastructure, including paved roadways, electrical lines, and aqueducts. Today, you can drive the 40 miles from Liberia International Airport to The Bay in under one hour, and it is a beautiful drive!

The Bay is comprised of over 110 acres of titled land and about 30 acres of land categorized as maritime zone. Within this maritime zone, there are about 2.5 acres of concession area. The maritime zone also includes 2 acres slated for “future development” (FAD) and, most importantly, 25 acres of Natural Patrimony land (PNE) that is developable as a low density and low impact eco-lodge concept. The entitlement for the 110 acres of titled land was granted as “residential-commercial- touristic”, which is perhaps the most attractive of the applicable categorizations.

DEVELOPMENT Two strong development firms and several politicians, including Oscar Arias, the ex-president, have acquired much of the land in the immediate area. The powerful Grupo Pellas holds close to half of the peninsula and has christened its most anticipated project, Santa Elena Preserve. This 4000-acre ultra-low-density project will see its first hotel, Dreams Las Mareas Resort, enter construction phase in March of 2012. As Guanacaste is characteristically dry, it is important to note that a high-flow, 20-mile water pipeline is currently being installed and is slated for inauguration before year’s end. This new service will allow for all of the proposed low-density projects and the current residents, of course, to tap in. Also worth mentioning: a brand new three-phase electric wiring system feeds current to the entire area. Big things are starting to happen in this newly rediscovered area. La Bahía and its surrounding environment is a beautiful place that will soon greet the approaching wave of development. We feel that it will do so with keen-minded individuals at the helm; ecologically conscious individuals that have long since begun to secure a bright future for the peninsula. This setting will not be tainted by poorly devised planning, shantytown housing, and zinc-clad commerce that are typical to many coastal focal points in Costa Rica.

Address

  • City La Cruz
  • State/county Guanacaste
  • Zip/Postal Code 51004
  • Area Santa Elena
  • Country Costa Rica

Details

Updated on June 14, 2024 at 10:26 am
  • Property ID: ECO24PVH12
  • Price: $8,900,000
  • Land Area: 56.6 Hectares
  • Property Type: Projects, Farm, Commercial
  • Property Status: For Sale

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Peter Van Hussen
  • Peter Van Hussen