Two Modern Villas With Oceanview Land For Development

Description

This multi-unit property offers great potential, featuring two luxurious, turnkey villas and additional space for building hillside homes with ocean views. It's located just a 2-minute walk from the beach in North Santa Teresa, near the renowned La Lora surf break and top cafes and restaurants.

Each of the two stylish villas have 3 large master bedrooms with en-suite bathrooms, fully equipped kitchens, A/C throughout, private pool, and large outdoor terrace. Both villas are very comfortable with ample room for large families or groups. These modern villas are being sold fully furnished and turnkey. The villas are a quick walk to the beach, easily accessed by car and no 4x4 is required. There is also one studio apartment located below the villas, a laundry room, storage area, and parking for 6 cars.

The property measures 1,829m2. The 2 existing villas are located at the bottom of the property. The entire top half of the property is yet to be developed. The bottom of the property offers a quick walk to the beach while the top half of the property offers stunning ocean views. The property is zoned for residential development whereby you can build up to a 75% footprint of the land and up to 2-3 stories in height. All utilities are already in place including electricity, public water, and high-speed fiber optic Internet. There is also already a road leading up to the upper area that is yet to be developed.

This property offers significant investment potential with two existing turnkey homes and space to build your oceanview dream home. Located in North Santa Teresa, it provides a unique opportunity to enjoy rental income or personal use of the villas below while developing a stunning ocean view villa above property, all with easy access to the beach and town.

Contact us today for more information and/or to schedule a private viewing!