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Playa San Miguel
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The properties being offered are located in the Playa San Miguel area on the Pacific Ocean
coast of Costa Rica in Guanacaste Province. The area has an
abundance of wild life and precious hard wood and overlooks the pristine Playa San
Miguel beach. The 6 mile long gold sandy beach is spectacular. Ocean water
temperature is 85 degrees and there are no hurricanes. Commercial commuter planes
fly in from San Jose twice daily.
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[map of Guanacaste Province]
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Corozalito 100 Acres - 64 lots
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100 acres overlooking the Pacific Ocean in
Corozalito, Costa Rica. 10 lots have mountain and river views. 12 lots are
riverside, 36 lots have ocean views from a high ridge at about 200 feet
elevation, 6 premium lots have ocean view from 300 feet elevation. 3 high ridge
ocean view spots on the property are suited for 2 story spectacular condos or
homes. The property has 40 acres as wild forest common area. The
property in front drops off sharply from the ridge so no one will block the
view. Roads and utilities are needed. The property has a river, 2 freshwater
springs, a waterfall, rolling hills and lemon trees. There are 2 roads to the
beach; one walking and one driving. The pink sand beach has 40 palm trees and a
large grassland park giving permanent beach privacy; no buildings or neighbors
(see air photos). A home owner here could get off the commuter plane and walk
home. The property is to the right as the plane lands. Plans are underway to
construct high-end high-visibility condo development next to the airstrip. With
commuter planes landing twice a day, tourists can get off the plane and walk to
the model condominium.
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[photos, prices, availability]
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San Miguel South - 72 Lots
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There are 50 lots with mountains and river view. 14
lots on the main road to the beach, 2 lots at 100 feet elevation, 6 lots at 200
feet elevation. The 8 elevated lots have clear ocean views (the elevated view
of the ocean picture is from lot #15). Lots run from 1000 square meters (1/4
acre) to 6000 square meters (1.5 acres), electric service is on the road
frontage, Lots 1-14 are cleared, the rest are 100% tropical forest. It's an
easy walk or bike (4/10 of a mile) to a long white sand beach bordered by a
mango farm. A small air strip and village are within 1 mile and a
few nice $250,000 condos are nearby.
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San Miguel North - 79 Acres
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The San Miguel North lot is between the San Miguel
South property and the Loring Condo project. It has rolling hills of wooded 79 acres
facing the Pacific Ocean. This property is suitable for ocean view single lot development or
hotel and has 400 feet of road frontage on the coastal road and an
alternate frontage on a public road in the back of the lot facing the mountains.
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San Miguel Mountain - 125 Acres
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This 500,000 square meter parcel
overlooks the Pacific Ocean in San Miguel, Costa Rica. Fully developed it
will have about 60 lots with mountain and river views and 50 premium lots with
panoramic ocean views. Another option would be a high-end condo/hotel with
clouds at eye level. Scheduled commercial planes from San Jose arrive twice a
day at Corozalito. It is an easy drive to the beach. The San Miguel beach is
over 6 miles long with golden sand and palm trees. A few local restaurants are
nearby. Because of the airport this area is easily accessible and can be
marketed as a 12 month year-around vacation area while most of the rest of
Costa Rica is impossible to drive during the rainy season.
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Tenants in Common (TIC) Land Investment Strategy
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Investors buy a 50% interest in a lot currently owned by the investment fund
and managed by the management company. At this point the investor and the
fund are Tenants in Common owners of the lot. The lot stays undeveloped for 3 -
5 years, then is sold with the profits divided between the TIC Investment
Fund and the investor. TIC investors maintain the first right of refusal to buy the
lot at a discount to market.
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A 10% down payment holds your lot, locks the price, and is 100% refundable until closing. Property titles are insured and guarantied by Stewart Title.
The management company manages the property, pays all bills including taxes, insurance and closing costs until the property is sold. Upon sale, the management compnay receives a 1% management fee and the expenses and net profits are split according to percentage of ownership.
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Emergency Exit Provision:
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The Investment Fund offers its TIC investors an "Emergency Out" feature and
will buy back 100% of the original investment after a 60-day notice. Please
keep in mind that you would lose any property appreciation by taking advantage
of the Emergency Out feature.
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Sample TIC Investment: An investor buys a 50% share in a $38,000 lot
for $19,000. If they decide to sell after 3 years of appreciation at
$90,000, the net gains are split between the investor and the Investment
Fund after a 1% management fee of $900 and sharing of all expenses.
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