Mal País DreamHome

Beachfront Residential 9,562.60 sqm

$7,450,000
Property Features
  • Residential Built
  • 6 bed
  • Pool
  • Land is 9,563 m²
  • Deck

This incredible beachfront property in the center of Mal Pais is set within mature tropical gardens totaling 9,562 m2. A scant 5 minute drive to the burgeoning tourism mecca of Santa Teresa, this stately property is for the discerning buyer who wants one of the best properties in Mal Pais.

A spectacularly sprawling 570 m2, 6-bed house, opens onto a 40 m2 pool and covered rancho with an outdoor lounge area/yoga deck. The property has a separate laundry and storeroom above a 27,000-liter submerged water tank and a 20 ft container for added storage. There is an 8 m deep artisanal well with plenty of water and high recuperation rate, even in the height of the dry season. The well feeds the sprinkler system that waters the opulent gardens.

This concession property is zoned ZRR (Zona Residencial y Recreativa) with, “Uso condicional de Cabinas”. A 20-year concession was granted on 5 May 2017 until 5 May 2037. This concession is renewable before expiry.

There are building permits already granted by the Cobano Municipality to build an additional 300 m2 on the property. The concession contract with the Municipality will allow a total of 511m2 of additional build.

Additionally there is a vacant lot measuring 4,227 m2. This property doesn’t yet have a concession granted, but it can be applied for. Zoning is ZRR (Zona Residencial y Recreativa).

The setting is strikingly beautiful and rich, boasting a flawless waterfront view unencumbered and picture perfect. There is a secret surf break and huge tide pool nearby. This is an opportunity to experience and own the authentic nature of the beach. One of the few remaining waterfront properties in the area.

This home has been rented to select guests and has a considerable rental income and business goodwill established over many years. This real estate opportunity is for the buyer who is looking for the best in beachfront living in Mal Pais.