Development Land for Luxury Apartment Building in Escazú

Description

This exceptional development property presents a rare opportunity in one of Costa Rica's most prestigious neighborhoods. The consolidated 1,681 m² lot, comprising two strategically combined adjacent properties, is located less than 100 meters from the main entrance of the Costa Rica Country Club in Escazú. The property boasts prime positioning for high-end residential development. Zoned under the High-Rise Construction designation (ZCEA) with High-Density Residential Zone (ZRAD) parameters, it offers significant development potential. Current regulations permit up to 20 residential units—comprising apartments, studios, lofts, or mixed configurations—with a maximum building height of 30 meters (approximately 10 stories) and maximum site coverage of 75%, subject to Civil Aviation Authority approval. Additional density and height incentives may be available for vertical residential development projects, providing further upside potential for developers. The property also supports mixed-use development, allowing incorporation of light commercial spaces on the ground floor, subject to design criteria and municipal approval. The location is strategically consolidated within an urban setting with immediate access to main roads, commercial areas, corporate centers, and essential services. The spectacular views of the Costa Rica Country Club enhance the property's appeal to discerning buyers and investors seeking a luxury residential address. This is an ideal development site for apartment building developers, vertical residential specialists, and real estate investors targeting the high-end residential market. The proximity to the Country Club and established infrastructure make it particularly attractive for projects appealing to members of this exclusive community and affluent expat populations.

Points Forts

• ✓Prime Escazú location near Country Club
• ✓1,681 m² consolidated lot
• ✓Up to 20 residential units permitted
• ✓High-rise zoning (ZCEA)
• ✓10-story height potential
• ✓Mixed-use development capability
• ✓Strategic proximity to commercial and corporate centers