RIVIERA RESIDENCES: 12 Home Community for Sale - Profitable Investment Opportunity 5 min walk to Playa Potrero

Listing Images

  • $3,389,000
  • Active
  • Listing ID : CS2300011
  • Playa Potrero, Tempate, Santa Cruz, Guanacaste, Costa Rica
  • Ocean-Vicinity
  • 1917
  • Multiplex
  • Eastern View, Garden View, Greenbelt View, River View, Southern View, Western View, Wooded View
  • Total Lot Size : 2,172.30 m² (23,382.35 sq ft)

This riverside and coastal modern community consists of 12 homes (a 4 bedroom and 3 bedroom free standing home, four buildings totaling eight 1 bedroom apartments, and two 2 bedroom homes). All houses are scattered across a little bit more than half an acre of 4 consecutive riverfront lots surrounded with amazingly large trees with views into the forest.

7 units of the 12 units will be completed by July 1st, 3 by August 1st, 2023 and the three and four bedroom homes are ahead of schedule to complete Sep 1st, 2023

The community features a large pool area with pool bar with infinity and wading pool, large secured parking area, a large fountain and wading pool, 2 common laundry rooms, a bodega for equipment safekeeping. The newly installed astro turf throughout the common areas with tropical landscaping provides for shade and privacy throughout the property for enjoyment by all residents.

This property is designed and developed to offer the option to develop an additional 8 bedrooms if of interest. There are 4 consecutive lots with a proforma of 9.3 cap.

More about this property

Riviera Residences is a contemporary modern architecture gated community. Apartments mostly all have high ceilings with glass from floor to the ceiling with 14,16, and 18 feet respective ceilings heights, to allow the stunning canopy to become part of every living space. Every house was designed to fit that particular location, views and to provide privacy from other units through architectural and landscaping design. There are unobstructed green views from all river facing homes with the forest behind it and large trees throughout the property..

Surfside - Playa Potrero - Playa Flamingo, and Playa Conchal are within 1-10 min driving. Potrero Beach is less then a 5 min walk from the residences. Simply turn left leaving the gate and you will reach the ocean. You can even hear the ocean break from the property itself. MerKado and Wendy Grocery stores are about 9 min walking distance with at least 15 restaurants in the immediate area. Here we ask what beach you want to go to as we are within minutes of the nicest beaches in the country (Playa Piratas, Mina, Conchal, Flamingo, Penca, Prieta, Pan de Azucar, Dantita, Zapotal, etc. are all stunning white sand beaches. With Brasiltio, Danta, Potrero beaches being stunningly beautiful just a little darker in sand color.

Surfing just south in Tamarindo, Playa Grande, Avellanas, Negra,... and a boat ride to Ollie's Point and Witch's Rock just north offers world class surfing all year long. This is also one of the fishing spots in the world with Coco, Flamingo, Tamarindo offering daily fishing tours in multitude to match your budget. The new marina in full development since last year, will ensure this is a good investment opportunity no matter how you look at it.

Contact the agent to speak about this solid investment opportunity. Anyone wanting to run a hotel or simply stay in the 4 bedroom home and make tremendous returns from the other 11 rentals.

The Marina that just opened further increases housing shortage in this area with good schools. All properties did produce healthy cash returns and are promised to do even better going forward especially considering the shortage of housing.

Roof Type Metal
Number of Units 12
Number of Bedrooms 19
Number of Full Bathrooms 17
Number of Rooms 24
Number of Stories 2
Total Interior Area 1,393.55 m² (15,000.00 sq ft)
Total Area under Roof 1,579.36 m² (17,000.00 sq ft)
Total Lot Size 2,172.30 m² (23,382.35 sq ft)
Floor Type Tile
Construction Status Completed, New Construction, Total Renovation, Under Construction
Construction Status Comment 5 units existed and 7 are in the process of being completed. 10 smaller units will be completed Jun1, 2023 and the large 3 and 4 bedroom homes August 1, 2023. Construction is ahead of schedule.
Construction Type Concrete, Concrete Block, Insulated Concrete Forms, Steel
Year Built 2019
Year Remodelled 2023
Appliances Included Microwave, Oven, Refrigerator, Stove, Stove Hood
Air Condition Type Multiple Wall Units
Furnished Type Fully
Pool Yes
Jacuzzi No
Parking Type Guest Space(s), Parking Lot
Number of Parking Spaces 12
Telephone No
Internet Types Cable Internet
Television No
Location Playa Potrero, Tempate, Santa Cruz, Guanacaste, Costa Rica
Country Costa Rica
State Guanacaste
County Santa Cruz
District Tempate
City/Town Playa Potrero
Location Type Ocean-Vicinity
Geographic Type Dry Forest
View Type Eastern View, Garden View, Greenbelt View, River View, Southern View, Western View, Wooded View
Precipitation Seasonal
Interior Features Included Breakfast Bar, Ceiling Fans, Eat in Kitchen, Fully Equiped Kitchen, Great Room Floorplan, Handicap Accessible, High Ceilings, Laundry Room, Marble/Granite Countertop, Multiple Master Suites, Natural Wood Finishing, Sliding Glass Doors, Walk-In Closets, Washer/Dryer Hookup, Water Heater
Exterior Features Included Balcony, Covered Patio, Fenced Yard, Garden, Handicap Accessible, Outside Seating-Area, Storage Shed, Water Faucets
Amenities Included Lawn Service, Water
Community Features BBQ, Lawn/Garden Service, Play Ground, Pool, Pool Service
Security Features Automatic Gate, Gated Community, Perimeter Fencing
Street Access Type Unpaved Road
Type of Water City Water
Type of Sewer Septic
Type of Internet Cable Internet
Type of Television Cable Television
Type of Electricity Public
Telephone Available Yes
Price per Air-Conditionable Living Area $2,431.92/m2 ($225.93/sqft)
Price per Total Area Under Roof $2,145.81/m2 ($199.35/sqft)
Price per Square Meter $1,560.10/m2 ($144.94/sqft)
List Price $3,389,000
Ownership Type Fee Simple

Print Listing