21380 - La Serena - Real Estate Development Land

22.38 Hectares for Residential Development in La Garita

Strategic Land Opportunity in the Coyol – Grecia Growth Corridor A Pure Land Investment in a High-Growth Corridor

This 22.38-hectare parcel in La Garita represents a clear development opportunity within one of the most active expansion zones of Costa Rica’s Greater Metropolitan Area.

Located in the La Garita – Grecia corridor, the property is positioned within a market driven by: The continued expansion of Free Zones in El Coyol Strong demand for executive and workforce housing Infrastructure improvements and westward urban growth

This is a land-focused acquisition, aligned with real demand drivers rather than speculative positioning.

Scale, Zoning, and Development Clarity The property offers 223,767 m² of land, with regulatory conditions that allow for minimum 2,500 m² residential lots.

This provides a clear framework for: Low-density residential development Phased subdivision strategies A product aligned with current luxury market demand forluxury homes that offer space and privacy

Additionally, the property is located outside industrial zoning, which represents a key advantage: Preserves residential character Protects long-term project value Supports positioning toward higher-end market segments

Pricing Anchored in Land Value Total Land Area: 223,767 m² Price: $5,830,000 Price per m²: $26.05 / m²

At approximately $26/m², this parcel represents one of the most competitive entry points within the corridor.

From an investment standpoint, this pricing reflects pure land value, allowing for: Clear financial modeling Flexibility in development planning Strong upside potential through subdivision Positioned Within a Transforming Market

The La Garita – Grecia corridor is undergoing a structural shift driven by: Increasing employment concentration in Coyol Rising residential demand from professionals and executives Migration of development away from saturated markets such as Escazú and Santa Ana

Within this context, large, contiguous parcels with clear zoning are becoming increasingly scarce.

Flexible Acquisition Within a Larger Opportunity - This parcel forms part of the broader Natura Serena landholding, which is also available under alternative configurations:

Full Estate (46.1 hectares) Lake & Mansion Estate (23.7 hectares)

This provides flexibility for investors to consider the acquisition either as a standalone development project or as part of a larger-scale land strategy.

This opportunity is particularly suited for: Residential developers Land investors Family offices seeking land-backed assets

With its combination of scale, regulatory clarity, and location, this property offers a well-defined platform for high end residential development within a high-demand corridor.