Costa Paraiso                                                                               FOR SALE  $1,700,000

The main residence is yours to enjoy while you and your staff welcome guests to this magical oceanfront resort featuring five boutique casitas located in Dominicalito, Costa Rica.  All on one and a half acres of the most spectacular piece of the southern pacific coast you will ever find!  Majestic rocks with 50 foot crashing surf at the edge of botanical gardens provide a breathtaking experience.

The Owner's Home

The home consists of 2 bedrooms, 2 bathrooms, office, kitchen-living room, TV room, bodega and carport. Featuring fine custom built cabinets and closets, exotic hardwood ceilings and the best views on the property.  The house has wrap around covered porches with ample sitting areas. All built to European specification, anti seismic construction.  Architectural floor plans have been completed for the first level and second floor expansion is possible.

Nestled in the gardens is a custom built refreshing pool done in Italian and Spanish tile, seismically constructed, just completed in
May 2005 by Aquarium Picinas of Escazu, San José!  The area is naturally landscaped and lit at night for your dipping pleasure.

The Casitas

There was a  70% occupancy rate in the 2004/2005 season, and increasing.

Five beautifully furnished casitas, with fully equipped kitchens, architecturally designed for maximum ventilation by a German architect, also equipped with high efficiency, remote control, plasma, split unit air-conditioners to please a broader range of guests.

Casitas feature front porches with ocean views, private baths, kitchenettes and dining areas all in a tropical style open plan living.  Most have custom cabinetry and hand made doors and windows produced by local artisans and all casitas have been refurbished in 2005, including:

• Plasma, split level air conditioning units
• Interior and exterior paint
• New mattresses and appliances
• Three casitas have new hand made cedar windows and doors
• New fans and light fixtures
• Custom curtains
• New outdoor bamboo furniture

The Grounds

The grounds feature botanical gardens with huge shade trees as well as an abundance of palms, hundreds of flowering plants in a lush tropical setting with mango, banana, papaya, plantain and star fruit trees.   The property teems with wildlife, resident toucans & many other native birds, iguanas, frogs and many other creatures.

 Stone walkways wind through the gardens and lead you to a rock reef and virtually private beach, or to the rancho and gently swinging hammocks.

The property has its own filtered water supply in the form of 2 wells and a 3000 gallon holding tank.

The House                 Casitas Total

2310 sq. Ft                  2285 sq. Ft

The property has a perfected, registered, renewable 20 year concession with 18 years remaining.

Architectural plans and infrastructure (plumbing and electric) are included for construction of four additional Polynesian villas, more than doubling the properties capacity and income.

The following significant improvements have been made in 2005:

• 2 new submersible pumps with galvanized steel pipe, auxillary well
• new water supply lines and valves
• all new electrical service to Casitas and additional meters to supply new Villas (200 amp)
• water supply line installed to supply location for two new Villas
• surveying completed for addition Villas
• perc/water tests done for new Villa septic systems & construction
• new lighted entry way
• New signage
• All new landscaping
• New pool with custom automatic lighting system

The property would be exceptionally suited for the development of a spa / wellness center!

This unique ocean front property is being offered to serious investors

*$1,700,000.00*

**The owners are willing to stay for a specified period of time to train the new manager/owner and the maid and gardener will be happy to remain.

INCOME

5 CASITAS @ $100.00 PER NIGHT (+ 16% sales and tourism tax)

70% BOOKING RATE = $127,750.00 (annually after sales & tourism tax)

                                                 10,645.00 (average per month)

EXPENSES

With the addition of just 2 of the architecturally designed Villas, (for which there are plans) the annual income will double, but will only marginally affect Expenses #1, #4 & #6. 

Playa Dominical   “WHERE THE MOUTAINS MEET THE SEA”

Dominical is the most up and coming vacation spot in Costa Rica. Property values in this area are sky rocketing and will continue.  It is located on the most beautiful coast line in Costa Rica and has easy access to airports, sport fishing and eco-tourism sites in the area.

Located just 2 km south of dominical, along the coastal highway, you will find us at the most spectacular site the area has to offer. Boutique casitas are built into a lush tropical setting, beneath towering Guanacaste trees.  You will find miles of virtually private beaches that are safe for swimming, since a rock reef runs along this particular shoreline that prevents rip tides so common in other locations; ideal for swimming, snorkeling, fishing, boogie boarding or just plain relaxing.