115 Acre Development Under Way in Potrero
- Type: Lots and Land
- Style: Lot / Land
- Development Level: Built
- Lot Size: 114.38 acres
- MLS #: 1662
Cashew Estates is a 114 acre (46.2 hectare) development property located just 1.6 kilometers from Potrero Beach, in a beautiful country setting. The project includes a site plan for 35 premium ocean view lots, 14 hillside lots with wonderful mountain and valley views, plus 35 larger building sites on the valley floor. Much of the permitting process is already completed. There are three registered wells, with concessions for providing water for 800 people. Water lines have been installed to the ocean view lots on the hill. There are permits to install three water treatment plants, and the SETENA permits are in place to install the entire infrastructure. There are 1500 pages of blueprints covering every detail of the infrastructure and for building 350 condo units.
The property plus permits, blueprints, and current infrastructure can be purchased outright at one of the lowest price per square meters in the area ($23.85/m2). With the project already jump started, you can be ready to sell units much sooner and get a faster return on your investment. The extremely competent local project managers that started the project are ready to continue their work.
The current owners would also be open to having an equity partner join the team and invest in the project. The amount of investment and shares in the partnership are open to negotiations.
Cashew Estates would make an ideal retirement community with plenty of space on the valley floor for a medical center, activity center, and assisted living housing, all in a natural park like setting, with walking trails among the Cashew, Mango and Guanacaste trees. Just a 5 minute drive down the country lane takes you to the beach and the local town square with markets and restaurants.
Information is deemed to be correct but not guaranteed.
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