Only fully permitted project in Southern Zone Development Opportunity with Legal Water, Bahía Ballena, Osa, Puntarenas, Osa, Puntarenas 60601

Simply the best development opportunity in Costa Rica's coveted Southern Zone, the Ballena Bay offers a legacy asset with unmatched natural beauty and very compelling upside potential. The project allows an investor the ability to build a multi-family condo project, a hotel, or mixed use with commercial, all with densities that are profitable and also environmentally sensitive. The property measures approximately 130 acres, of which approximately 10% is earmarked for development. A curated team of local experts, including environmental consultants, legal, corporate, forestry, hydrologists, and other industry experts collaborated for over six years to develop this canvass and secure the necessary entitlements and zoning for the next owner to manifest their vision. Any potential developer would be capturing this time value here, as these entitlements take years to procure.The parcel not only has highway frontage, but also public road frontage on the southern and north side, direct access to electricity, high-speed internet, and a private deep water well with legal usage rights. It is also positioned directly across the street from one of the area's most beautiful and pristine beaches, providing the possibility of whale watching (two seasons per year), leisurely strolls into the National Park, and other water / nature-based activities.Approximately ninety percent of the entire parcel is in conservation, which allows for responsible development, tax credits, long term value security, privacy preservation, and also a big statement from the owners that speaks to their commitment to preserving the local environment.There are eight individual survey maps which all allow for multi-family, residential development with heights up to 21 meters. Please note that the renders in the photos below show examples of how these eight sites can be developed, given the zoning specifications. One of the eight parcels, which faces the Route 34 coastal highway, is zoned for comme