Fire sale price and great value of $825.000 original appraised value of 1.700.000. We think this site is great for a Boutique Hotel site or bed and breakfast. This property is right now a great rental income provider.
In this price is included a 5.6Ha property with fantastic views over the lake Arenal and also of the vulcano.
Location: Volcano Arenal, Lake Arenal, Guanacaste, Costa Rica, Central America (Near La Fortuna with great volcano views!)
This entire property is about 7,000 square meters(75278 Ft2) with the house next door having a smallish two bedroom home on 3,000 square meters(32262 Ft2) with very lush tropical gardens.
Located near the charming town of La Fortuna, the area is famous for its diversity of interests including rain forest walking, bird watching, river rafting, jungle cruises, jungle canopy tours, butterfly farms, horseback riding, world famous spas and hot springs or relaxing and enjoying the best views of the spectacular Arenal Volcano. One of the must visit destinations in Costa Rica and located in the hot spot area of Arenal.
This "Almendro wood" rustic 3 bedroom, 3 bathroom home (sleeps 10-12) has a wrap-around balcony, is gated and very private with stunning views of the famous Arenal Volcano.
The concrete building with the garage below has a bedroom above containing a queen bed and a single.
Some of that land goes downward toward the Rio "La Palma" so not all of it usable for construction unless pilings are used. However there is still enough flat land to construct a sizable development. There are three buildings on the property.
There is an existing pathway down to the river and is a very beautiful spot. It is one of the few (if not the only) medium sized property, with a volcano view, that is available for development and what adds to its advantage is that lot has views in two directions and is on the volcano side of the main road.
The property has had been approved for development with drainage and impact studies having been completed. Approvals for a 28 unit four story hotel had been largely approved.