Approved Master Plan In Costa Rica 90 Acres Parcel Located 1.6 Miles from the beach, close to many of the activities Costa Rica is famous for! The plan is to develop family vacation home sites and permanent residences that will have ocean, mountain, or riverfront views. The Architectural firm has designed an attractive entrance, clubhouse, and three model homes of various sizes. The renderings give the potential customer an example of what could be built on their lot. Owners spent over $700,000 to subdivide the property into 62 single home lots( 30 Ocean view, 12 Riverview, 20 Mountain view) including clearing the property for development, building the roads, complying with Costa Rica's environmental requirements, and paying all taxes on the property. The Catastro, or master plan, has been submitted to and approved by the National Institute of Urban Living (Institucion Nacional Viviendo Urbano-INVU) Property is now ripe for development!! Development Cost: $70-$100 per Sqf. Home Size: 1500 Sqf minimum. Market Value: $170 per Sqf. Rent: $1800 monthly( 14% annual cap). Short Rent: 30% annual cap. The property is a 90 Acres parcel in Marbella, Guanacaste. Located about 1.6 Miles from the beach, it sits in close proximity to many of the activities Costa Rica is famous for including sports fishing, surfing, horseback riding, and nature touring. It is bordered by three rivers and has a few pockets of steep valleys that open into magnificent panoramic vistas of lush rainforest.