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THE PUNTA INDIA PROPERTY – GUANACASTE, COSTA RICA Costa Rica is Central America's jewel. It's an oasis of calm among and an ecotourism heaven, making it one of the best places to experience the tropics with minimal impact. It's also mostly coastline, which means great surfing, beaches galore, and a climate built for laziness. Costa Rica's enlightened approach to conservation has ensured that lush jungles are home to playful monkeys, languid sloths, countless lizards, and a mind-boggling assortment of exotic birds and butterflies. Meanwhile, endangered sea turtles nest on both coasts and cloud forests protect elusive birds and jungle cats ("Lonely Planet"). Costa Rica is a destination internationally known for its friendly people and progressive values. While it is remote and incredibly beautiful, Costa Rica is easily accessible from the United States and attracts more eco-friendly and nature tourism each year. The Pacific coastline is spectacular, especially along the Nicoya peninsula, which contains some of the country's best and most remote beaches and wildlife reserves and parks. Along the Pacific coast over the past 15 years, especially on the Nicoya Peninsula, there has been a steady and significant increase in land values. Currently these prices have been going up 20% yearly, especially as Europeans have joined the many Americans moving to this area of the coast. Market demand for real estate in this area of Costa Rica is substantial and current supply is becoming expensive. The positive American and international impression of this country has further increased demand, especially in the Guanacaste area that is considered Costa Rica's "gold coast." The magnificent Punta India land is situated on the coastline of the Pacific Ocean of Costa Rica and is situated 9 kilometers (5.6 miles) north of the Town of Nosara. Nosara has its own domestic airport with scheduled flights to San Jose and other locations in Costa Rica. The Punta India land is slightly elevated from the beach below it, which gives it an open view to the Pacific Ocean and to the Nosara Bay. A nature trail leads from the land to a “private” beach (there are no private beaches in Costa Rica, however, the only access to this beach is from the Punta India land and the adjacent privately owned property). From the southern boundary line of the land, another trail leads into the beach of Ostional that is considered to be one of the best havens for surfers. The Ostional beach also has one of the most famous sea turtle wildlife refuge and is known for the natural phenomenon of the sea turtles coming to lay their eggs at the beach once a month, sometimes hundreds of thousands of turtles during the same time. The Punta India land consists of 49,180 sqm (approx. 530,000 sq. ft.). The back portion the land (340 meters, approx. 1,100 ft.) borders the coastal highway of Costa Rica. Such frontage with the highway allows the creation of lots in the size of up to 200 sqm (2,152 sq. ft.), which is much smaller than the minimum required for lots that do not border a public road. The Western border of the land is 57 meters (187 ft.) from the beach and the legal title to the land includes the coastal frontage. This is a very unique situation since coastal lands in Costa Rica that are up to 200 meters (656 ft.) from the coastline are usually owned by the state. The land has an access road and water rights. The water rights is a major issue of land of this nature because the drilling of wells in coastal land is prohibited due to the risk of pumping salt water, thus damaging the delicate balances of nature. The area surrounding the Punta India land is undergoing extensive development. The land is in close proximity to the Hotel Luna Azul and Hotel Brovilla. Golden Earth Development Company is now developing an exclusive gated community near the land. Both Punta India and the Golden Earth community are committed to a 'green approach' for respecting the environment and the ecology. Buyer/s of the Punta India land are expected to continue with this environmental and ecological commitment. |
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