Costa Rica Condo Resort In Lake Arenal For Sale

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Property Information

Real Estate:

Real Property Included

Living Accommodation:

Lake Arenal Condo's 24 Condo Units in two buildings range from 800 to 3,600 sq. ft. inside space; many fully equipped with 6 appliances, built-in vacuum system and air conditioner. Eight are loft-penthouses.

Glass balconies approximate 50% of the inside living space. Quality and luxury throughout.
New 10 unit building just commisioned for construction (2023). See link (pre-sale)
43 serviced lots nearby. An addition 10 Condo building will commence construction Soon.

Location:

On Lake Arenal, Costa Rica, 11 Km from Tilaran on Route #142 towards Nueno Arenal, close to Tenorio Natural Reserve.

Central LOCATION for the majority of tourists to Costa Rica. Central to both ocean beaches, Monte Verde Cloud Forest, Arenal Volcano, San Juan river and tributaries, lush tropical surroundings with perfect climate adjacent to ravines connected to mountainous national reserves abundant with flora and fauna.

Nearby excellent restaurants, garden markets, small quaint villages, tennis courts, pickle ball courts, shopping centers, gymnasiums, medical clinics and the towns of Arenal Nuevo, Tilaran, Canas and Liberia with an International airport ( 55 minutes ). Three pickle ball courts on site with three cascading infinite swimming pools

Premises Details:

Lake Arenal Condos are on 37 sloped acres, at the west tip of Lake Arenal, with incredible views of islands, low mountains and distant Arenal volcano.

An excellent recreation gym which includes a professional boxing ring.

To-date 24 luxury condo units are constructed and approval is in place for an additional 302. The site contains twelve horizontal condominium lots, one of which is commercial.

Several condo lots are serviced with eight inch thick concrete roads, sidewalks, underground electricity and internet cabling, wastewater treatment plants and indirect street lighting. 5 government approved volcanic-rock water wells have been drilled for this 326 condo project.

On-site amenities include 3 tiered cascading pools, hot tub, rec center, ball courts, walkways, helipad, commercial office, pre-Colombian sculpture, visiting howler and white faced monkeys, bird watching, hiking and fishing within walking distance. Dozens of tropical fruit trees dot the property.

Planning Consent:

All levels of Governments consents are in place for future expansion of an additional 302 Condos.

Business Operation

Expansion Potential:

Permitting is in place to expand for an additional 302 Condo Units on the remaining
ten horizontal residential lots. The beauty of this project, is that building can occur in small modules as market conditions allow. An on-site concrete batch plant and woodworking shop facilitate rapid quality construction. In 2023 we are commencing with our third building containing 10 Condo units.

Competition / Market:

Our competition is at the tourist town of La Fortuna (1-1/2 hour drive) and the pacific coast (1-3/4 hour drive).
Our development is surrounded by government land, old growth forest ravines that back to a national reserve. Several bed and breakfasts dot the region.

Reasons for selling:

Developer is an 83 years old Canadian with 45 years experience in Costa Rica and lives here during Canadian winter.

Trading hours:

Monday to Friday 8 to 4 p.m.

Employees:

6

Years established:

The land was purchased in 2006.

Other Information

Support & training:

The developer, a civil Engineer and local management will assist for up to two years. The Canadian Engineer has over forty four years experience in Costa Rica.

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

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

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Subject to approval.

Furniture / Fixtures value:

$1,000,000 (USD) - included in the asking price

Inventory / Stock value:

$1,073,000 (USD) - included in the asking price

Website:

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