Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Canadian Seller Costa Rica Condo Resort For Sale

Lake Arenal, Guanacaste
Asking Price:
$12,300,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

CONDO RESORT COSTA RICA

37 Acre, 326 permitted Condo/Hotel community on lush slopes at Lake Arenal seeking active investor to replace 76 year old Canadian founder. 24 Condos completed with many top end amenities.

Central location to Costa Rica's most popular visited sites, such as Arenal Volcano, Monte Verde and Pacific beaches.

55 minutes on new highway from the Liberia International Airport. Location, Location. Eternal spring weather.

When completed, this $60 000 000 project currently has invested $12 300 000 to date. It is upscale and in mint condition.

The right person can obtain between 20% and100% at cost. Rare opportunity.

Property information

Real Estate:

Real Property Included

Living Accommodation:

Current 24 Condo Units range from 800 to 3,600 sq. ft. inside space; many fully equipped with 6 appliances, built-in vacuum system and air conditioner.

Some of the glass balconies are 50% of the inside living space. Quality and luxury throughout.

Location:

On Lake Arenal, Costa Rica, 11 Km from Tilaran on Route #142 towards Arenal Nuevo.

55 Minutes from the Liberia International Airport.

Central LOCATION LOCATION for most of tourists to Costa Rica. Central to both ocean beaches, Monte Verde Cloud Forest, Arenal Volcano, San Juan river and tributaries, Lush Tropical surroundings and perfect climate. It takes a lifetime for senses to absorb the area.

Premises Details:

On 37 Acres of Lake side slope with natural water springs.
To-date construction has 24 Luxury Condos and PERMITTED for an additional 302 Condo and/or Condo Hotel Units.

Most infrastructure is in place, including underground utilities, fiber optic cable to each Condo home with HS internet, HD IPtv & VOIP.

On-site amenities include 3 tiered cascading pools, rec center, ball court, walkways, helipad, commercial pre-Colombian Village, sculptures, bird watching, hiking and fishing within walking distance.

Size in square feet:
From 800 to 3,600 sq. ft. inside space
Planning Consent:

All levels of Governments consents in place for current and future expansion of 302 Condo and/or Condo Hotel Units.

The development has very clean consents in-place; and i would not have it any other way.

Business Operation

Expansion Potential:

All permitting is in place to expand with an additional 302 Condo and/or Condo Hotel Units.

Expansion can occur as sales progress.

An on-site concrete batch plant and woodworking shop facilitate rapid quality construction.

Competition / Market:

None.
The development is surrounded by government owned forests and tree large ravines that back on to the national reserve. Suitable property is not available.

The permitting process was extremely long & hard to acquire.

Reasons for selling:

I am 76 years old and planning succession over the next 5 years.

Trading hours:

Monday to Friday 7 to 4 p.m.

Employees:
4
Years established:
The land was purchased in 2006.

Other Information

Support & training:

Depending on equity participation, I the developer will assist for up to 5 years. I am a civil engineer with decades of construction experience, as well as owned two successful active business.

Arenal Maleku is my retirement home for most of the year, especially during the winter.

We have in place a highly qualified Condo lawyer and accounting support.

Financing available:

subject to approval and substantial security.

Website:
Login or register to view link

Contact Seller

Contact Information

    1. Your Address

    2. Optional
  1. Optional

By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here