Turnkey Ocean View Resort with 13 condos, and 4 pools

Property Details

Property # 942

Price:  $1,377,000

Address:  Baru, Dominical (10 minutes from the beach)

Total Area:   31,822.85 m2        or       7.86 acres

10 One Bedroom, One Bath Condos  (furnished)

3 Two Bedroom, Two Bath Condos   (furnished)

4 Swimming Pools

 

Property Highlights and Description:

This Resort property known as Cascada Azul features blue water ocean views, a community river park with a 220' waterfall, gated community with 24/7 security, proposed restaurant and the option to rent as vacation villas or as an all-inclusive resort.

 

Currently there are 10 condos with a pool and 3 two bedroom/two bath villas with 3 private pools with plans to construct 6 more one bedroom condos and a restaurant.  The combined resort totals 22 bedrooms: 16 1/1 condos with a pool and three 2/2 villas each with private pools and a proposed restaurant (4 pools total, 1 community and 3 private).

 

The resort currently does vacation villa rentals but has also developed a plan for an all-inclusive resort endorsed by some US travel agencies poised to start bookings.  December - April occupancy has been traditionally strong and the US travel agencies also want to focus on promoting May - Sept.  The resort also has contacts for promoting health & wellness retreats, medical & dental vacations and other specialty events that would promote year round bookings.

 

Everything is set up in separate corporations for easy transfer of ownership while keeping property taxes and insurance with the current rates.  Uso de Suelos, Visados, water service & certifications, electric service, and architectural plans are completed and ready to go for the proposed construction of 6 more condos and restaurant.  Proposed construction costs are $499,900 for the 6 additional condos and $49,900 for the restaurant.

 

Property # 942