One acre on Playa Matapalo
Escape the crowds of Manuel Antonio and enjoy the endless laid back beaches of Matapalo. This lot has been filled, leveled and planted with grass. There is a well, electric, phone, internet and Dish TV to the Panama Tree. The concession has been applied for and the owner is looking for investors or will sell the entire package including an option on 1500M2 additional land. The zoning plan allows 8 to 10 residential units.
For Sale at $375,000 USD.
Contact Elena Ross v Phone 506-779-1123
The land is held by two companies for concession purposes and can have up to 5 residential units on each lot for a total of 10. There are a total of 4425 square meters at $85 each for the sum of $375,000 concession (permission to obtain building permit) applied for. The property is on Matapalo beach, within the 200 meter maritime zone, on the north half under the active Plano Regulador.
The property has street frontage, ICE electric, AyA water and comes with two electric meters, water, well, pump, pressure tank, toilets and septic system.
The owner has had the right of occupation for the past 13 years and the concession process should be completed in approximately one year. With $75,000 down the owner will carry the balance at 6% annual interest, paid monthly. Once the concession is in place, the balance will be due and payable. The current owner will continue to assist in the concession process.
The proximity to the beach with its mountain view, unique Panama tree and comfortable space makes these lots a choice location for a residential complex that will rival other projects in the area.
Additionally, 1500 square meters of unregistered land is available at $10 per sq meter as an option. This option preserves the view to the mountains. Joining the $10.00 a meter "option" property with the $85 a meter concession property makes a more attractive end product. Landscaping also is indispensable, to prevent flooding. With a relatively modest investment it can be improved by buying the land option in the back, legalizing it and either turning it over for profit or developing it.
CONTACT GETTING THERE phone: 506 779 1123