Description
Nestled along the pristine shores of Mal Pais, this extraordinary beachfront property presents an unparalleled investment opportunity for those seeking to own a slice of paradise. With over 320 meters of beach front, boasting a coveted hotel zoning designation, this expansive parcel of land offers limitless possibilities for the development of a world-class resort or boutique hotel in one of the region’s most sought-after destinations.
Sprawling over 7 hectares, the property has ample space for a multitude of development possibilities. 5.6 hectares of the property are located in the maritime zone. The property is zoned for hotel use which allows for 40% coverage and up to 60 rooms per hectare. The rarity of hotel zoning in this location sets the stage for a lucrative investment opportunity. The remaining 1.5 hectares is titled land that has mixed zoning which allows for up to 75% land coverage for either a commercial or residential development. With over 400 meters of road frontage the development options are endless.
The existing structures on the property include:
- Fully Equipped Restaurant
- 7 Luxury Safari tents (36m2 each)
- 1 Bedroom Beachfront House
- 2 Bedroom Bungalow with Kitchen, Living Room and Private Terrace
- Back of the House with Laundry Facilities and Storage
Building permits are currently in place for 9 additional units and common areas on the concession property and 4 villas for the titled property. Additional building permits are also in the works so this is a prime moment to capitalize on the groundwork that has been done and develop a unique hospitality experience.
The neighboring property is also currently for sale. The combined properties make an incredible development opportunity.
Don’t miss your chance to own a coveted piece of beachfront real estate with exceptional investment potential.
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