Overview
- Updated On:
- October 3, 2023
Description
All infrastructure needed for development of the entire project is complete and paid for. All 35 of the lots for development already have received their water allocations from the municipality, which is a huge plus in the area. The 84-acre Hacienda del Mar site is planned to be the first part of a two-part development. The second part of the overall development is located across the highway from the Hacienda site and consists of approximately an additional 340-acre site that will also be developed in the future as residential and commercial projects. A good portion of this second part of the development will be a semi-private golf course that will border the Hacienda project on two sides, and be available to residents and guests of Hacienda del Mar.
Most of the lots for development in the Hacienda project are designed and platted as residential lots, consisting of single-family homes, attached villas or “casitas”, duplex townhomes, and condominiums. Three of the 35 sites are designated for commercial development, including the already existing sales and office center, and an additional two sites are currently designated as locations for boutique hotels, including our Radisson site. After completion of the infrastructure of the project, the office/sales center, and the clubhouse/restaurant building, development was slowed by the slowdown in the world economy, and particularly the slowdown in the real estate market. As the local economy has begun growing again, interest in available real estate in the area has begun to grow exponentially, which has caused several of the owners of parcels within the Hacienda development to begin the process of preparing for construction. In Costa Rica, this entire process can take a substantial amount of time, sometimes as much as a year and even longer. The developers of the Jaguar and Toucan parcels within the Hacienda development have already started this process, and because of their early start, are substantially ahead of other developers both within the Hacienda development, and in the area.
The Hacienda del Mar development is located at the intersection of the highway from the Liberia International Airport and the beach road that stretches from the Secrets Hotel at Playa Panama, south to Playa Hermosa and then onwards to Playa Coco. The main entrance to the development is an easy 15-minute drive from the airport. The entire Hacienda del Mar development looks out over Playa Panama and its beaches, and across the Bay of Papagayo to the Four Seasons Resort, about three miles away as the crow flies.
