Home for sale in Veintisiete de Abril, Santa Cruz

Key facts

Features & amenities

About this property

This property is situated just 650 meters from the beach in Playa Junquillal, surrounded by a lush environment where the sound of the waves enhances daily life. It is adjacent to the well-known Mundo Milo hotel and restaurant, making it a suitable location for a commercial project. The lot spans 2,000 m² and features approximately 865 m² of total construction, which includes terraces and is built from solid concrete, all in good overall condition. The property consists of 7 fully equipped suites along with a versatile main house. Suites 1 to 5 are designed with two queen beds, a private terrace, kitchenette, and individual A/C, accommodating up to 4 adults each. Suite 6 is larger and includes built-in wardrobes, while Suite 7 offers enhanced comfort with a king bed, full-size refrigerator, and large terrace. Additional facilities include a laundry room, garage, and pool equipment room. The outdoor areas are notable, featuring a 3.5 x 9 meter swimming pool, a spacious 242 m² terrace, appealing common areas, and parking for up to 10 vehicles. The main house, covering 132 m² on the ground floor, is currently set up as a one-bedroom residence but can be reverted to a two-bedroom layout. There is also an independent upstairs bedroom with exterior access, suitable for staff accommodation. Originally constructed in 1999, the current owner acquired the property in 2022, and it has been used solely as a private residence since. Suites 1 to 5 were added in 2022-2023, along with renovations to the pool and expansion of the terrace. The property is equipped with fiber optic internet, electricity from Coop Guanacaste, and municipal water from ASADA Paraíso. It is being sold as-is, with all systems in good working order and no known roof or structural issues. Renovations are suggested to modernize the property, with an estimated budget of $75,000 to $150,000 depending on the extent and finishes chosen. An owner could reside in the main house, provide accommodation for staff on-site, and operate the 7 suites as rental units. The estimated gross annual income potential ranges from $150,000 to $200,000. Rebuilding a property of this size, quality, and location near the beach would be very challenging today at a similar cost. This presents a rare chance to revitalize and reposition a significant property with considerable potential.

Description rewritten by costaricarealtor.com from the public listing. See the original source for full details and photos.

Property details

Location

Veintisiete de Abril, Santa Cruz, Guanacaste · approximate location