Henry Feinberg is a long way from his Brooklyn roots but by the looks of the smile on his face and the spring in his step, he’s been enjoying his time in Costa Rica.

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Like most investors, Henry lost some serious money in the stock market in the US but says that; “real estate has always been good to me” so, he and his partners from North Carolina came to Costa Rica a few years ago to evaluate different real estate investments.

As experienced investors, they have travelled around the country carefully evaluating different real estate investment opportunities on the Pacific coast as well as the Caribbean before deciding on the land they eventually bought in Salitral, Santa Ana.

Henry fell in love with the “beauty and the pastoral setting with the small little farms that are around here growing food” and of course the “beautiful views.”

 

Real Estate Investment in Development Land in Salitral, Santa Ana

 

  • The first lot of 2.15 hectares (21,500M2) of land is well suited for an executive home site or equestrian estate and is for sale at US$15 per square meter for a total of US$322,500
  • The building code for this first lot in a protected area allows the owner to build on 10% of the land which is 2,150M2 or 23,134 square feet which would be an extremely spacious luxury home.
  • A second lot of 7.6 hectares of neighbouring land also for sale at US$15M2 has a preliminary site plan/infrastructure design for 5 apartment buildings.
  • The current zoning (plan regulador) and building code for this lot in a protected area allows the owner to develop 10% of the land.
  • The marketable construction area would be 8,000M2 (86,080 square feet) of finished floor space.
  • The land is owned in the name of a Costa Rica corporation which makes for an easy and affordable transfer of ownership upon the completion of the sale.
  • The corporation package price would include the acquired development engineering reports, architectural designs, drawings and renderings, supporting documents for permit applications. The SETENA D1 application has been submitted and is in its final approval stage.

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The property was a working coffee farm owned by a Costa Rican family up until a few years ago and Henry feels that this land was “… the best piece of property because of it’s location…” It’s a peaceful, quiet rural environment yet less than 20 minutes from practically everything you could wish for…

It’s close to many of the largest multi-national employers in Costa Rica, the best schools, shopping malls, restaurants, the capital San Jose with all of it’s theatres and other attractions is about 20 minutes away.

 

Video Interview with Real Estate Investor Henry Feinberg.6:43 Minutes

To sell one as an executive home site and to work with the other for the building of low impact apartment complexes with plenty of green areas…

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Henry has done his homework and he knows that “Costa Rica is very good business wise and there’s a lot of middle management people” and the plans which are in the approval process are to sell the land to a developer or to jointly develop and build comfortable apartments focusing on that middle level management with sales prices ranging from US$150K – US$225K.

If North Americans also want to buy here and live in a nice, secure middle class area where the “weather is spectacular” then that would be great too.

 

Protect Your Assets Offshore in Costa Rica Land

 

After more than two years of hard work – and a pretty significant investment – Henry and his partners have 95% of the permits and permissions (which they would be happy to show you) they need to go to the next phase which is to finalize their relationship with a proven developer and begin construction, they are only waiting on one last approval which they expect before the end of July 2011.

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As any real estate investor knows, the value of land increases as the various permits are received so if you have serious interest in buying this land or becoming a pre-construction investor with Henry and his partners then pllease feel free to contact us at your earliest convenience.

 

Costa Rica Land For Sale For Only US$15M2An extremely competitive price for this terrific location.

  • Are you a real estate investor who is interested in investing in a project – a joint venture maybe – with like minded real estate professionals from the USA and protecting some of your assets ‘offshore’ in Costa Rica?
  • Or, if you are a real estate developer looking for a superbly convenient location to buy land for only US$15M2 to build on, you might want to consider speaking with Henry and his partners about this and the other fincas they own in the area.

Want More Information? You can see more information, a video interview with another investor and the plans for this Costa Rica land for sale in Salitral here.

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