Permitted 4-Unit Boutique Build Near Santa Teresa

Description

Selvático is a rare opportunity to acquire a partially completed boutique development in the rolling hills of Santiago, just minutes from Santa Teresa's vibrant surf culture and coastal lifestyle. Designed with investors and developers in mind, this project streamlines the complex start-up phase by offering fully executed permits, architectural and construction plans, 3D renderings, and contractor quotes ready for handover. The development currently features three modern 66 m² two-bedroom, two-bathroom apartments, each with private terraces overlooking the natural landscape. A fourth unit—a larger 76 m² two-bedroom apartment—has its foundation already in place, offering flexibility to complete either a four-unit rental complex or a private multi-family retreat. Planned amenities include a thoughtfully designed 58 m² common area anchored by a 38 m² pool, complemented by a sundeck, BBQ area, bathroom, outdoor shower, and laundry facilities. Public water and electricity are already connected to the property, significantly reducing infrastructure costs and timeline. With approximately 370 m² of built area on a spacious 5,232 m² lot and parking for four vehicles, the project requires an estimated $250,000 to $350,000 to reach completion depending on finish selections. This makes it an efficient and cost-effective entry point for establishing a boutique rental business or expanding a real estate portfolio in one of Costa Rica's most sought-after destinations. Just minutes from the beaches and dining of Playa Carmen and Santa Teresa, Selvático combines convenience with the tranquility of Santiago's rural setting.

Points Forts

• ✓Partially completed boutique development
• ✓Permits and plans ready
• ✓7 minutes from Santa Teresa
• ✓Pool and common amenities
• ✓Utilities connected
• ✓$250K–$350K to completion