$1,999,990

Looking for an investment project generating income from day one, with room to grow? This residential development in Villarreal, Guanacaste, offers direct frontage on the main road connecting Huacas and Villarreal, one of the busiest and most in-demand routes in the Tamarindo and Flamingo area, home to two of Costa Rica’s most sought-after beach destinations. The property features 16 existing houses, each on its own lot, plus 19 additional lots ready for development, offering 2,815 m² of undeveloped land, on a total property area of 8,339 m². Strategic Location The property is located next to a commercial area with supermarkets, medical services, veterinary clinics, restaurants, and schools, all within just a few dozen meters. This convenient location supports rental demand and provides ongoing appeal to both tenants and buyers. An Ideal Opportunity for Developers This property is well suited for a condominium project, residential development, or long-term rental housing. The area between Huacas and Villarreal is experiencing significant growth in these types of developments, driven by demand for permanent residences and long-term rentals. The 16 existing houses can be renovated or demolished, with the advantage of having 16 active water meters, providing a valuable starting point for a new development without having to begin entirely from scratch. Project Features Total land area: 8,339 m² Area occupied by the 16 existing houses and their lots, including the internal road: 5,524 m² Existing houses: 1- and 2-bedroom units Utilities: Each of the 16 houses has its own water connection, water meter, and electricity service, allowing the units to be rented independently. 19 additional building lots: Already subdivided and ready for construction, totaling 2,815 m², with water and electricity infrastructure installed. Remaining requirement: The official water service connection for the 19 additional lots needs to be updated with the water utility company. Key Advantages for Investors Direct frontage on one of the area's busiest roads, with commercial establishments and essential services just steps away. An established project with 16 existing units offering immediate rental income potential. Room for expansion through the development of 19 additional lots. An attractive opportunity for investors and developers seeking residential projects or long-term rental income.