Description
This beautiful beachfront property is located in North Santa Teresa, only steps away from one of the most iconic surf breaks in the entire area. North Santa Teresa beachfront is considered the best real estate our area has to offer. This is a once-in-a-lifetime opportunity. The property is composed of 2 plots, one concession and one titled commercial plot. The concession has a total area of 6,237 square meters and the commercial plot has a total area of 1,913 square meters. It is a one-of-a-kind opportunity of owning residential beachfront property and road-front commercial property, where you can develop up to 75% of the land for commercial and/or residential purposes. This commercial area is a unique opportunity, being one of the last titled commercial spots available that’s connected to a beachfront concession.
The concession is zoned low-density residential and protected area, which means you can build a main home on the residential area and you can create a beautiful area to enjoy nature and the beach in the protected area. The property is connected to the city water and has high-speed fiber-optic internet.
The property currently has a single-family home on the concession plot, with 7 bedrooms and ocean views, which could be completely renovated, rebuilt, or kept as is. The home has an open-plan concept. It has huge potential for a beautiful beachfront home in one of the most exclusive and sought-after areas of Santa Teresa. It is walking distance to several shops, restaurants and grocery stores. Contact me today for a showing!