Kubera Venture Capital Group Releases Second Phase of Villa Homes for Pre-Sale

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Kubera Venture Capital Group, LLC, a privately held real estate investment and development firm, announced that it has released an additional 15 units of Villa Homes for pre-sale in its Jade Azul community in Nosara, Costa Rica. The second phase of single-family home sales will provide even greater seclusion, and for many of the units, larger lot sizes than the first phase, which is now nearly sold out.

Kubera Venture Capital Group, LLC, a privately held real estate investment and development firm, announced that it has released an additional 15 units of Villa Homes for pre-sale in its Jade Azul community in Nosara, Costa Rica. The second phase of single-family home sales will provide even greater seclusion, and for many of the units, larger lot sizes than the first phase, which is now nearly sold out.

Offering residents a secluded lifestyle in a biologically diverse setting, this gated community will eventually expand to include approximately 80 condominium units on the higher elevations of the 27-acre development site. With the first phase of construction nearing completion, prospective buyers visiting Nosara will soon be able to see all the features offered by the unique Balinese-inspired design aesthetic. The 1-story and 2-story models both feature 2 bedrooms and 2 baths (with an additional powder room in the 2-story model), and provide 1,000 square feet of indoor living space, along with large outdoor ceramic tile and teak terraces and optional upgrades such as swimming pools and landscaping packages.

In addition, the properties can be purchased with basic or upgraded furnishing and accessory packages, and as the build-out continues and residents begin to move into their new homes, a broad range of amenities are being added and planned, including outdoor spas and meditation areas, high-speed internet access, shuttles to local beaches, maid service, pool cleaning, and local bill paying services. Pre-construction pricing for the newly released units ranges from $180,000-$225,000 for 1-story villas and $195,000-$240,000 for 2-story villas, with actual prices dependent upon lot sizes.

Mr. Michael Derby, Partner of Kubera Venture Capital Group, stated, “We are extremely pleased with how quickly the first group of Villas has sold, and we expect the next 15 to be sold even more quickly. With construction nearly complete on the first phase, prospective buyers can clearly see the quality of the construction and envision how their own homes will afford them a luxurious living environment in a beautiful and serene setting. As residents begin moving into the community, we also look forward to bringing them a large number of services that will ensure they can enjoy living in their homes full-time, or else provide them the support they need if they only use their home as a part-time getaway.”

The Condominiums at Jade Azul are expected to be released for pre-sale in early 2007, with architectural features similar to the villas. The condominiums will be built on the higher elevations of the property, and will offer 1,200-1,500 square feet of indoor living space, along with expansive outdoor terraces. The majority of these units will have panoramic 180-degree ocean views. The villas and condominiums will be built with ecological integrity; approximately 50% of the property will be reserved as “green space” to maintain the jungle habitat. Low-impact walking and hiking trails will be added for residents to experience the wildlife and tropical environment.

About Nosara

Nosara is a small Pacific coastal town located in the Guanacaste province in Northwestern Costa Rica. The town is famed for its world-class surfing and sport-fishing, and offers a myriad of other eco-tourism related activities. It boasts a large American population, dubbed the “Proyecto Americano,” and has long been a home for privacy-seeking celebrities and wealthy Americans. Tucked away in the jungle, Nosara is accessible either by air (a 40-minute flight from the Juan Santamaria International Airport in San Jose, Costa Rica’s capital city) or car (a 2-hour drive from the Daniel Oduber International Airport in Liberia).

About Kubera Venture Capital Group:

Kubera Venture Capital Group is a US-based real estate investment firm focused on international residential vacation and second-home development. The principals have a collective 20 years of experience, including turn-key construction, new construction, land development, multifamily renovation, and condo conversions. Over the past ten years, they have completed many successful projects in the United States, Canada, Europe, and Central America.

Company Contact:

Autumn Fletcher-Derby

Kubera Venture Capital Group

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