Pete’s Place in Manuel Antonio
A Turnkey Vacation Rental Property With Development Options
This is your chance to own an iconic property in the heart of the world famous tourist destination of Manuel Antonio. The property is known as “Pete’s Place” and it is an integral part of Manuel Antonio’s rich history. It is also one of the largest tracts of land remaining in the area. If you are looking to own real estate in Costa Rica that features a turn-key ready vacation rental business with land to expand on, then “Pete’s Place” is the place for you.
The mid to long term development opportunities are fantastic. The property contains 1.5 acres of prime land in the heart of Manuel Antonio, with more than 77 linear meters of public road frontage ideal for a restaurant, bed and breakfast, commercial center, or more homes. The central location has easy access to everything a vacationer is looking for: public transportation, fine dining, nightlife, shopping, proximity to the beach and marina, nature tours, adventure tours, and much more.
Two Full Time Vacation Rentals and An Owner’s Residence
Currently there are three private, single story homes on the property: Casa Linda, La Nina, and an owner’s residence. The structures total 6 bedrooms, 4 bathrooms, and three kitchens. Each home offers privacy and are tied together by a tropical pool area surrounded by lush landscaped gardens. Of course, this property has frequent guests that are not charged rent: monkeys, sloths, birds, iguanas and many other animal species visit Pete’s Place on a daily basis.
Casa Linda is the featured main house and is rented year round as a vacation get away. It features three bedrooms and two bathrooms with an open floor plan accented with vaulted ceilings and large living spaces opening up to outdoor terraces with incredible tropical views of the rainforest out to the mountains. Visitors to this home do not leave disappointed.
La Nina is a newly constructed smaller villa designed to attract couples traveling to Manuel Antonio who do not require a large home. This charming one bedroom, one bathroom villa is on a private corner of the property and comes with a fully equipped kitchen, dining area, quaint living area, and a spacious terrace hidden under the shade of the many tropical fruit trees found throughout Pete’s Place. This villa could also be rented out as a long term lease. Demand is high for these types of rentals with the large number of employees working in the service industry in Manuel Antonio.
Finally, the third home is currently utilized as the owner’s full time residence. This two bedroom, one bath home has a full kitchen with comfortable living and dining rooms, a spacious terrace, and a sun room currently functioning as an office. The grounds are private with landscaped tropical gardens and feature beautiful views of the Fila Chonta mountain range.
Incredible Value For This Income Producing Real Estate Offering
This is the perfect situation for an individual or couple looking for a lifestyle change or retirement opportunity, where you can live on site and collect a very healthy income from the rentals. The rentals have good exposure online with the usual travel websites and an independent website with professional photography, promotional listings and client database included in the sale. If you factor in the prime location, the large land parcel size, the development potential, the three furnished homes, and the turnkey business opportunity – it is easy to realize that the price for this real estate offering is simply incredible.