Ocean Front Lot In Playas Del Coco For Sale

Great ocean front property located in the desirable North side of Playas del Coco Bay. The lot is 3,638 sq. meters (39,145 sq feet) with 41 meters (123 feet) of beach frontage. Located just off the North Coco first beach road entrance. The property has direct access from this road entrance which leads to the beach frontage area.
North Coco has a beautiful promenade that starts at the estuary and ends on the extreme north end where there is a waterfall. To the South of the property it is only a short walk to the newly developed park (designed by Ronald Zurcher- architect for the Four Seasons Resort). The park is bordered by an oceanfront walkway, beautiful trees and gardens, restaurants and quaint bars.
Most recent comparable sale for a North Coco oceanfront, closed at the end of Nov. 2010: a 1,600sq.meter lot (17,216), with only 20 meters of ocean frontage (60 feet), $636,000 = $397 U.S a sq meter.
The property is being offered at $1,150,000, 3,638 sq. meters = $316 a sq meter it has more than twice the ocean frontage as the lot that sold for $397 a sq. meter!
Location- Location-Location! Small supply and high demand for ocean front properties in full service beach communities.