Costa Rica Real Estate

Investment opportunity in the hills of Grecia!

 Price for all three lots Reduced from $287,000 to $138,000!!!

Lots can be purchased separately for $60,000, $60,000 & $100,000 

 3 investment properties in the mountains, seven miles from Grecia.

You simply cannot appreciate the views until you experience this in person!  
 
Property Description:

Three gorgeous mountain lot properties are being sold together, giving the buyer the potential option of selling two of the lots and keeping the third.  One lot is nearly a 1/2 acre, the other two are 1/4 acre lots, and all of them have 360 degree views, including the Central Valley, and the Poas volcano. The property is perfectly flat, and is located just off a paved road using a private access road. The owner has installed a 200 meter long volcanic rock wall below the property. The lots are legally segregated and each one is ready to build on. The large lot has a garage started on the property, and a front house wall that is partially constructed.

Short property history:

The owner lived in Costa Rica for seven years, before having to move back to the states for work. He began working on this property in the year 2000. He bought a 4,000 square meter mountain top with some of the greatest views in all of the central valley. He could see a dream of splitting it into three and by building on one and selling off the two remaining.  As an alternative, he also had dreams of building a full Natural Health Clinic on the entire piece.

The original property was its own mountain top covered with coffee when he first bought it. He removed the coffee and built an 18 foot high volcanic rock retainer wall around the entire front of the property after leveling it, and then separated the property legally into three parcels. Then, 80 dump trucks of back fill were used to fill in behind the retaining wall. There was also a 2-car garage built with a 7 foot storage area above; this was on the first separated parcel. The garage is engineered for two stories above. The wall was also engineered to with stand all weather events. A back retainer wall and smaller walls were built to separate each parcel, with a Rod Iron put up on the back wall.

All three parcels have fantastic views of the Central Valley.

To the right can be seen Atenas and Sarchi, and out front is Grecia and the airport.

Escazu is across the valley and San Jose is to the left.

The first parcel has a more direct view of the town of Grecia.

The third parcel has a more direct view of San Jose.

Middle parcel has Airport and Escazu.

The property was originally purchased for over $120,000 in the year 2000. An additional $5,000 to have the coffee removed and another $5,000 for road improvements. Water and electric was brought in, and all taxes have been paid for 10 years and all the documents to separate it are available. Finally, $120,000 has been invested into construction, and currently, these cost are estimated at somewhere between $160,000 to $200,000.

So the total estimated total value of property with construction is well over $300,000.

Contact Us For More Information 

All information presented here and in these sites is proposed and is subject to change or elimination by the Owner or Developer at any time without notice. The questions and answers on this website are for informational purposes only. All questions and answers proposed are subject to any change without any notice. 

© 2007-2010 CostaRicaPrimeRealEstate.com

Costa Rica Real Estate