Incredible Ocean, Bay and Valley Views.
Terraces ready to build "great-view vertical condos".
Easy access and many beautiful beaches around.
NEW APRIL 2024! 4 water taps available for construction.
Compass Point is a Premium Land of 77,100 Square Meters (19.05 Acres) with large terraces and beautiful valley views and stunning ocean views.
Only 5 minutes from Playas del Coco and 4 minutes from Playa Hermosa, this land is perfect for a Hotel/Condominium complex with breathtaking sunset views.
Size of the Property: 77,100 mt2 (19.05 Acres)
It has 153 mt (500 ft) of road frontage, both Residential and Commercial zoning and an extensive list of entitlements and advances!
There's not many ocean view properties like this left in the area.
Compass Point main values
Wide valley, bay and ocean views.
Incredible Ocean, Bay and Valley Views.
Compass Point is a land perfect for a Hotel/Condominium complex with amazing ocean views.
Add extensive valley views to the hills around Coco bay in addition to a great location and you have a one of a kind piece of land with huge potential.
Earth works are already advanced and some terraces ready to build. This work completed makes Compass Point even more interesting, reducing the pre-development time and cost.
The property is just a 5 minute drive to Playas del Coco or a 4 minute to Playa Hermosa, coastal towns with high purchase power, an active tourist industry and a large senior community of USA, Canadian and European retirees and expats.
Right or left will take you there.
Amazing Location. Unbeatable accessibility.
Due to its position on the hilltops of Playas del Coco Bay and the access point to Hermosa beach, Panama beach and Papagayo Península, this property enjoys incredible connectivity and easy access IN and OUT of the Papagayo Gulf and other coastal communities.
Going to the International Airport (LIR) or to Liberia City?
Both the right or left road will take you there.
To the cinema in Playa Hermosa or to play golf at Four Seasons outstanding course? Take a left.
Going to El Coco? Take a right...or left.
To the beach? Several beaches to choose from. Both to the right and to the left!
COMPASS POINT EXTRAS:
Amazing ocean views + all these advances in your favor
Resolution #1052-2007
Environmental Study D1 completed and approved
Resolution #1052-2007 Setena (CR Environment Office). Expediente Administrativo No.D1-0168-2007. Updating of Setena permitting required in 2020.
Municipality approved.
Advanced excavation plans, private roads and preliminary infrastructure design.
Earth movements have been started, roads and terraces are 70% completed.
Preliminary working drawings of infrastructure design are available upon request.
Not affected by rigid rules for coastal lands.
A very favorable zoning.
The Chorotega Zoning Decree of 2008, qualify this property in the Internal Zone, meaning the property is not affected by the rigid rules regulating coastal lands.
However, there's only three kilometers between the land and the warm and calm waters of Coco Beach:
For Commercial Buildings: Maximum building height is 20 meters (65.6 feet tall – 5 to 6 story building – minimum lot size 300 square meters
For Tourism: Maximum building height is 36 meters (118 feet tall) or a 9 to 10 story building – Density - 160 rooms per hectare – minimum lot size 500 square meters.
For Residential: Maximum building height is 36 meters (118 feet tall) or a 9 to 10 story building – Density – 25 homes per hectare per floor, 100 people per hectare per floor, minimum lot size 300 square meters.
4 water hookups guaranteed.
Water connectivity ready
As explained in other areas of this site, the community of Playas del Coco is being a pioneer in the country with the first public+private financing for the improvement of the area public water systems.
Our corporation Yellow Crocodile S.A., has been funding part of the private investors impulsing this project, hence aquiring rights for 4 water connections for this property and more connections are available upon request.
10 KVA transformer approved and ready.
Electric power ready
We have an approval for a 10 KVA electrical transformer, ready to be installed at Compass Point. Coopeguanacaste to provide 230 KVA Electrical service to project from near substation at Nuevo Colon.
This property also present great conditions for solar power and wind generation.
Sustainability ready.
Sewage Treatment Plant designed and approved.
Sewage Treatment Plant designed by Proamsa is pre-approved and plans are ready to be used by the New Developer.
All the documentation on the specific entitlements of each property are available and will be provided by the owner to qualified investors.
A Master Plan and budget available upon request. (May 2020)
OCEAN VIEWS + Advances = Low Risk = Ready to build = Time and Money $aving.
Take advantage of this investment opportunity and these entitlements of Added Value and Time Management invested in this Project.
Pictures of Compass Point property, blueprints, land preparation and views.
Is not easy to express in numbers all the work already done in favor of the future developer of this and the other 2 properties featured in this website.
However, it's totally safe to say that the FINANCIAL SAVINGS will be a number between 6 to 7 digits. Especially in Costa Rica, starting a project with so many advances, is immensely valuable.
Besides the direct BUDGET BENEFITS, these entitlements also represent TIME SAVING that might be even more valuable for the future developer.
Buyer/Developer will save about 18 months in government red-tape.
Will save about 12 months in topographic, hydrological, environmental and geological studies already done and approved.
Save about 9 months in design and land preparation, with roads and terraces already approved by the Municipality.
Save about 12 months in connectivity and services availabilty, with electricity, phone lines and water supply solved.
Price per square meter: $49.93
Property sales price: $3,850,000
A Master Plan and budget available upon request. (May 2020)
Corporation name : Yellow Crocodile S.A.
Public name : Compass Point
Names in documentation : Compass Point and/or Yellow Crocodile S.A.
Plano Catastro: #G-105-4450-2006
Matrícula: #152672-000
Check here a 2 minutes video showing these 3 Properties in Costa Rica... from the air.
