THERE ARE SO MANY POSSIBILITIES WITH THIS PROPERTY BECAUSE OF ITS’ SIZE AND LOCATION. THE OWNERS ARE SEEKING EITHER A CAPITAL PARTNER, INVESTOR OR BUYER.

Please contact us for more information, sales prices, market reports and technical studies.
US: Peter Hurley, 1-858-229-8388
peter@reecr.com
CR: Leo Guevara, +506-8896-6536
admin-carara@grupocarranza.co.cr

There is no better time to get into the Costa Rican market. There are very few large ocean front plots that are ideal for building, this pristine 112.9-acre parcel is one of them and it is ready to be developed now. Costa Rica boasts a stable, democratic government, well-developed infrastructure and is a common destination for eco-tourist as well as vacationers and retirees looking for a relaxing way of life. The managing partners are looking for an investor, partner for the project our outright buyer. There are plans in place that can be utilized or another option can be developed using existing land studies and zoning.

Located less than an hour from San Jose, the site is situated in front of Playa Agujas and next to the resort at Punta Leona. The site includes 14,574 sq ft of ocean front at Playa Blanca, the winner of the “Blue Flag” award for its pristine nature and overall quality. This versatile piece of property can be used in a number of different configurations, plans and studies have been drawn up for three different options. Land use studies, technical reports and partial permits are in place for a marina and resort, commercial area, eco retirement community including jungle bungalows, and a beach club. Water and utilities are run to the site and the majority of permits for development are already in place so a project can come together quickly.

Access to the location is a major selling point for this property. Juan Santamaria International Airport is less than an hour away and, due to its location, there’s no need to travel through the congested city of San Jose while driving to the site. The Playa Agujas lot is ideal for a Marina with an ocean view and/or retirement community development surrounded by beautiful rainforest and ocean. Access is gained through the gated Punta Leona development or tree-lined Playa Agujas Road. Punta Leona is home to Playa Blanca - Costa Rica's best beach.

Due to the location, residents of the complex will have also the option of buying memberships in the Club Punta Leona, where amenities include three pools, restaurants, mini market, tennis, basket and volleyball courts.

Luxury Retirement Community

Marina Carara Limitada (MCL) is evaluating the opportunities for developing a retirement living community at the site.



The Central Pacific Coast is also home to some of Costa Rica’s best-known tourist destinations, including Jaco and Playa Herradura. The recently completed San Jose-Caldera Highway has shortened the drive time from the capitol city of San Jose to Punta Leona to about 45 minutes. It is likely that this will have a significant impact on growth in the Central Pacific Coast area, given its rich environmental beauty and resources, and the increased access to major population centers.

Already on-line communities boast tens of thousands of members, are touting the access to Costa Ballena, the gold coast, which is about 23 miles south of Punta Leona.

MCL conducted a market analysis to measure the viability of some type of retirement living in the Carara Bay Project, to identify the types of services and programs that will meet market desires, and to quantify the potential size in terms of number of residential accommodations.

According to the Migration Policy Institute: “In recent years, a steadily growing stream of Americans has been heading south to Latin America for retirement.” And as the baby boom generation ages, the stream is expected to gain speed. It will be carried along by rising medical costs, a reduced ability to rely on Social Security and pensions, and cheaper transportation and communications technology.

The Costa Rican government is expressing a strong interest in attracting retirees from other countries, particularly North America – the United States and Canada – as an economic strategy for the country. In 2010 the Government introduced legislation that could reduce taxes on personal items such as automobiles and furniture, and reduce barriers to gaining residency status. This legislation is not yet passed and there is no anticipated date for completion at this time. ProRetire has identified support and lobbying for passage as one of its key agenda items.