Costa Rica Resort Site Up For Sale

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Encanto, Costa Rica seeks hotel or residential development buyer

Encanto, Costa Rica, a real estate development of eco-sensitive vacation homes near Pavones, is now up for sale. The project includes 58 acres of ocean view property on the southern Pacific coast, construction permits for seven residences in the phase one parcel, the Encanto trademark and the Webby-award winning web site http://www.EncantoCostaRica.com.

The development is owned by Aqui Volvere S.R.L. of San Jose, Costa Rica, and is currently designed as Encanto, a low density residential resort community. Aqui Volvere S.R.L. is seeking a buyer with access to long-term equity capital and construction financing to unlock the potential of the property as a boutique hotel managed by a hospitality provider, a mixed use hotel and condo residence, or an exceptional private estate.

LaMagna Neumann Development, Inc., of Berkeley, California is a partner in the project. Lisa LaMagna, President of the company, said, "Costa Rica is now a mainstream option for retiring Americans and Europeans. Obviously, the dollar and euro go far here, but that alone doesn't account for the area's attraction. This is a place to connect with family and experience nature, it's like Hawai'i fifty years ago."

"A number of people have expressed interest in owning residences at Encanto, and their interest could be rekindled if a new team completed the project to the high standards of design, construction and amenities originally envisioned," said Ms. LaMagna.

"Encanto is one of the few large pieces of land available in an area that is still pristine and underdeveloped," said Brian R. Neumann, AIA, Chief Operating Officer of LaMagna Neumann Development Inc. and supervising architect for Encanto. "Encanto has multiple building sites on natural plateaus, ocean views, clean drinking water and incredible natural beauty. The site has almost half a kilometer of road frontage for high visibility and easy access. Plus, there's a new airport under construction five minutes from Encanto, which is going to be a boom to the entire area."

Aqui Volvere S.R.L. is offering the development project for $1.2 million, which includes the fully titled 58 acre property with ocean views; on-site sales and construction management office; building permit for the construction of 7 residences in the 2.8 acre phase one subdivision; the Encanto trademark name registered for use in vacation residences in Costa Rica; and the Webby award-winning Encanto web site at http://www.EncantoCostaRica.com.

Local tourism activities

Encanto is located in the town of Cuervito de Pavones and overlooks the Golfo Dulce, a rare tropical fjord. Encanto is near the world-famous Pavones surf break, one of the top surfing spots in the world. The broad Pavones area has surf breaks for all levels, from beginner to expert. Kite-surfing and standup paddle boarding have also taken root in the area. The area is also frequented by birders and nature lovers. The Golfo Dulce is a renowned sport fishing destination, where anglers can find billfish, tuna, red snapper and rooster fish.

The water temperature is approximately 27 Celsius (80 degrees Fahrenheit) year-round. A five minute drive from Encanto brings visitors to public access beach areas, where one can walk for miles along soft sand without seeing a single high rise or hotel. The area's beaches are protected by a strict zoning law which forbids ocean-front construction.

The local area has a significant expatriate population of second home owners from the United States and Europe. While demand for properties has continued through the recession, there is a very limited supply of homes that meet buyers' standards for design and quality.

Emphasis on design

The phase one parcel includes 2.8 acres (1.13 hectares) with spectacular views of the Golfo Dulce. On this parcel, seven exquisitely designed residences have building permits from the Municipality of Golfito. These are the Miradores jungle lodge, which contains five residential units and a food and beverage café, and the two unit Aguas Verdes duplex.

Mr. Neumann said, "The design of Miradores is influenced by the Hacienda movement that spread from Spain to Costa Rica's coffee plantations, and Aguas Verdes is inspired by the lowland plantation homes of the pineapple barons." The residential units are designed with energy saving and sustainable features. Perspectives and elevations are available on-line at http://www.EncantoCostaRica.com/residences.html.

Access and infrastructure

The 58 acre (23 hectare) property is fully titled and transferable. The property has 450 meters of public road frontage, giving the project excellent access to electricity, telephone service and internet connections. In accordance with the Central American Free Trade Agreement, Costa Rica is opening its telecommunications market to competition, which will further enhance communications options.

In August, 2009, construction began on a new regional airport in the town of Pilon, which is a five minute drive from Encanto. Currently, Encanto is reached through the regional airport of Golfito, and visitors arrive by taxi, rental car or boat.

A health clinic is located in the town of Comte, a fifteen minute drive from Encanto. Regional hospitals and private health clinics in Golfito and Ciudad Neilly offer outpatient and emergency services.

Physical site, natural resources

Encanto's 58 acres (23 hectares) sit at an approximately 100 meter elevation. There are 11 identified building sites on rolling pasture. A mile-long hiking path winds through the large green areas set aside for wildlife habitat and nature exploration. These areas include primary and secondary forest and a natural waterfall and swimming hole. Titi monkeys, white face monkeys, sloths, armadillos, toucans, and parrots are some of the wildlife that call Encanto home.

Encanto has abundant sources of drinking water. A 25,000 liter cistern encloses a year-round artesian spring within the phase one parcel. Water sources for future phases of development are available throughout the property, which has many fresh water streams.

Links:

Web Site: http://www.EncantoCostaRica.com

Available on the web site:
Interview with the architect
Architectural plans and perspectives, downloads
Green building and design
Photo gallery of images
Map of Encanto's location

Video: Bill fishing in the Golfo Dulce:
http://au.youtube.com/watch?v=4Cv-XijVcPU

Local area news: http://www.GoodMorningPavones.com

LaMagna Neumann Development, Inc. is a real estate development and marketing company in Berkeley, California. For more information contact Brian R. Neumann, AIA, toll free at (877) 285-8617 or 1+510-847-9909 or info(at)encantocostarica(dot)com

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Brian R. Neumann, AIA
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