Located at 2300 ft in elevation on the mountainside near the community of Tinamastes, only 20 minutes from Dominical, this 1-hectare ocean view multi-family and hotel property offers a number of investment possibilities. With easy access, the hotel holds a prime location for operation for both short-term and long-term stays, as a language school, as well as a family compound.
Comprised multiple units, the first being a duplex with 2 one bedroom apartments, each fully renovated and equipped with a full kitchen, bedroom, bathroom, and laundry, as well as ocean-view terraces. The second is a 2 bedroom home tucked away along the stream that borders the property which is also newly renovated with a full kitchen, laundry, and 1 full bath. The 8-bedroom hotel building sits in the middle of the property and has started renovations, with 3 ocean-view rooms ready for rental. Each hotel room enjoys beautiful views over the ocean or neighboring jungle, a mini fridge, full bath, terrace, and either 1 or 2 beds.
The brand new pool area holds a covered rancho and jacuzzi completed with coralina tile, nestled at the back of the property. Then there are 2 newly renovated individual cabins resting at the front of the property, with beautiful views toward the ocean and mountains, each with a full bath, terrace, and private laundry. Additionally, there is a covered open-air pavilion, with a bathroom, kitchen area, and beautiful views, which could be turned into a common area with BBQ or for yoga, or enclosed to create another full unit for rental. The caretakers live onsite, offering full maintenance and cleaning of the property, as well as guest services when required.
Running alongside the hotel is a year-round stream that borders the property. The property holds abundant private well-providing water to the property, which is currently in process of obtaining a legal concession and is a priceless feature of the property. There is plenty of area for further construction of additional units.
This newly renovated property is the perfect multi-family property with a hotel for income generation! Currently, all renovated units operate on both the long-term and short-term rental markets. This property offers a great opportunity for any investor looking to operate an income-producing property in a growing community, near many attractions such as Nauyaca Waterfall, Diamante Valley, and Playa Dominical, as well as the local farmers market in Tinamastes. Located only 15 km to Dominical and 19 km to San Isidro, the property allows for the enjoyment of cooler temperatures and access to city amenities, while still being within a reasonable drive to the beach. Primed to operate fully as a hotel, a Spanish language school, or even as a private estate, the possibilities are endless with this great property!
