PRIME COASTAL PROPERTY – EXCEPTIONAL DEVELOPMENT POTENTIAL Located just 20 minutes north of vibrant downtown Santa Teresa and only 400 meters from the beach, this rare and stunning property offers a serene escape surrounded by lush nature and tranquility. Manzanillo Beach, renowned for its laid-back charm, presents the perfect retreat while remaining close to essential amenities and services. KEY FEATURES Prime Location:1 minute to De Raíz Coffee Shop, 2 minutes to Atardecer Dorado beachfront restaurant, and adjacent to a supermarket and hardware store. Easy Access:Two public road frontages provide convenient access, and an existing easement ensures direct entry to all lots or residences — no need for additional road construction. Land Use:75% mixed commercial and residential land use (the highest permitted in Costa Rica), offering exceptional flexibility for development. The property can be subdivided into lots of 120 sqm or larger for condos or private ownership. Property Size:29,441 sqm total area. Topography:100% usable land, ideal for construction with excellent drainage. A 10-meter non-buildable buffer along the river enhances the landscape for gardens. Natural Beauty:Home to abundant wildlife, including howler and cappuccino monkeys, green macaws, herons, and more. The on-site river serves as a natural drainage system, keeping the property dry even during the rainy season. Water Supply:Three active water meters, plus a private 40-meter-deep well for irrigation, with the potential to expand water lines based on project needs. Infrastructure:Fully serviced land, ready for development. DEVELOPMENT POTENTIAL Mixed-Use Flexibility:Ideal for a combination of residential and commercial projects — luxury homes, boutique condos, or mixed-use developments. High-Value Neighborhood:Playa Hermosa and Manzanillo are attracting a vibrant, upscale community. Neighboring properties have achieved sales of up to $1,000 per sqm, often with less favorable buildable percentages compared to this opportunity. PROXIMITY TO KEY LOCATIONS Manzanillo Beach: 2-minute walk Hermosa Valley School: 8-minute drive Playa Hermosa: 12-minute drive Santa Teresa: 18-minute drive CURRENT INCOME-GENERATING HOMES Out of the 29,441 sqm, 3,000 sqm (Phase Zero) feature three existing homes generating passive rental income: 7 Bedroom, 6 Bathroom House: $10,000/month (60% average occupancy) – accommodates 14 guests. 4 Bedroom, 2 Bathroom House: $6,000/month 2 Bedroom, 2 Bathroom Staff/Service House: $2,000/month Total Annual Rental Income: Approximately $130,000 AN EXCEPTIONAL INVESTMENT OPPORTUNITY This property's size, accessibility, land use flexibility, and existing income make it one of the most attractive development parcels in the region. Future residents and guests will enjoy the tranquility of Manzanillo Beach. swimming in sapphire-blue tide pools, resting under shaded trees on a pristine white-sand beach, and experiencing the vibrant lifestyle of Santa Teresa, just minutes away. Whether developing an exclusive residential community or a boutique hospitality project, this property offers limitless potential in one of Costa Rica's most desirable coastal destinations.