01/03/2025
24 Units on 4 Hectares (9.88 Acres)This exceptional real estate opportunity offers a multi-unit property situated on the main road entering the quiet beach town of Flamingo, Costa Rica. The mature landscaping of Villa Ferlito invites local birds and animals just outside your door. The property features 97 meters of prime road frontage, ideal for additional commercial development and generating supplementary income. The existing infrastructure includes two duplexes, five quadplexes, an expansive pool, and a communal rancho, providing an attractive environment for both long-term residents and short-term visitors.Property Features: Duplexes: Two one-story duplexes, 1900 square feet each. Each unit comprises 2 bedrooms, 1.5 bathrooms, a full kitchen, a storage closet, and a laundry room with washer/dryer hookups. The units showcase high-quality craftsmanship with handmade wooden doors, baseboards, and cabinetry crafted from local hardwoods. Quadplexes: Five one-story quadplexes, 945 square feet each. Each unit features 2 bedrooms, 1 bathroom, a fully equipped kitchen, and a laundry room with washer/dryer hookups. Like the duplexes, these units boast beautiful handcrafted wooden details throughout. Pool, Pool House, and Rancho:o The property is home to one of the largest private pools in the area, including a 50-foot adult pool and a 20-foot adjoining kiddie pool.o The adjacent rancho (53.5 m / 576 sq. ft.) offers an open space for guest entertainment or relaxation by the pool.o A pool house and equipment room (16.7 m / 180 sq. ft.) provide essential amenities and storage for pool maintenance. Potential for Expansion: The property slopes upward, providing an opportunity to clear the land for a residence or further development, maximizing the property's value. Potential for future Commercial Expansion: The generous road frontage entering Flamingo allows for a variety of business opportunities to generate another revenue stream.
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