Playa Avellanas Residential Land Investment | HOT DEAL!

Description

THE LOCATION

Playa Avellanas is located in Guanacaste, Costa Rica which is known for 300+ days of sunshine with rapidly growing tourism and investment interests. The crystalline waters and consistent surf of Playa Avellanas is inviting for surfers and all kinds of beachgoers. There are 5 unique surf breaks along this half-mile stretch of white sand beach for all ability levels. Playa Avellanas is only accessible by dirt roads and feels like the rustic Costa Rica that travelers are seeking. The booming surf town of Tamarindo is just 25 min north and Liberia International airport is about 1.5 hours away. 

THE PROPERTY

Formally known as The View Club in Playa Avellanas, these residential lots are just 5 minutes driving to the famous Lola’s Restaurant in Playa Avellanas. In 2007, a developer carved out 24 residential lots that were planned for a small community with an easy commute to the beach. The collapse of 2008 put the brakes on this developer’s dream project. There have been no advancements in utilities or amenities but the free-and-clear titled lots remain.

These 2 lots are located along a public road that connects San Jose de Pinilla to Playa Negra. Having public road frontage allows for a 65% building footprint and grants commercial use. Half of the built homes on this stretch of road are connected to the city (ASADA) water and the other half are operating on a personal well.

Full disclosure: These lots are not connected with city water…. yet! But if they were, you would be paying double the price for lots of this size and location. These properties are ideal for someone who wants to make an investment in the area NOW and be part of the Avellanas BOOM. The ability to drill a personal well for drinking water also exists.

Up until 2020, the real estate market in Guanacaste had been normal and steady, but with the onset of the covid pandemic, digital nomadism, baby boomers retiring and millennials looking for a new way of living and investing, properties in Guanacaste (especially in Playa Avellanas) are some of the hottest commodities. There’s a new paved road that passes through the town of Avellanas and more city (ASADA) water connections being approved each year. The biggest draw of this area is undoubtedly the world class surfing paired with white sands and crystalline waters. Imagine spending the day at the beach in Avellanas under a shady tree, catching waves, enjoying fresh ceviche from Lolas, and maybe a cerveza.  Tamarindo is the popular social hub 30 minutes north, but the Costa Rican dream comes alive in Playa Avellanas.

Lot #1 – 1000m2 – $53,000 SOLD

Lot #2 – 1360m2 – $68,000 SOLD