In my photo showing an overview of Tamarindo several days ago, a new condo building is visible above the tree line on Playa Langosta near the San Francisco Point. Here is a view of it from the water. Like our condo in Playa Langosta, this parcel of property must have been "grandfathered" before the law took effect that bans the construction of buildings within 200 meters of the ocean. This prominent location is much closer than 200 meters to the ocean.
This building is called Crystal Sands. In real estate, a common expression, of course, is that the three most important things are "location, location, location." This building has location. Its developers are experiencing the effects of something other than location: timing.
Several years ago this building would have likely sold out during construction. This is a different economy, however. The developer has taken out advertisements in magazines in the USA to seek buyers, and there is a sophisticated website with a virtual tour and other features.
The website states that 2 bedroom, 2,600 square foot units (242 square meters) are priced at "under $900,000," and 2-story penthouses, with 4,200 square feet (390 square meters) are priced at $2 million USD.
This week on our Viva la Voyage travel photo website we are showing photos of Peru, particularly Machu Picchu, one of the wonders of the world.
a view from the beach to the lovely ocean. i hope they keep the beach green and natural
ReplyDeleteThat does look very close to the beach. I wonder how many units are in the building.
ReplyDeleteIt looks like one of those places featured on HGTV's House Hunters...but soooo expensive!
ReplyDeleteI'm sure the reason for the 200 meter rule is to protect against hurricanes, right?
Do you think that is a reasonable law? I know in many areas in Florida, buildings must be built with stilts at least 12 feet high for the storm surge.