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Vacation Homes and Hotels Hit the Auction Block in Costa Rica and Caribbean


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© Business Wire 2014
2014-04-29 14:03:04 -

Two distinctive trophy homes, for private or retreat use will hit the block in May; San Isidro, Costa Rica and Sosua, Dominican Republic.

Originally priced from $1.5 million and $670,000; suggested opening bids start at $575,000 and $375,000.

The seller had operations in Italy and South Africa, where the family produced goods for companies including Holiday INN, Southern Suns International, and Kruger Park. Originally acquired to develop a retreat for corp or medical use; and as vacation homes for his family; plans changed as family members could no longer commit to extensive travel or relocation.

“We have enjoyed these properties for many years with family as well as business clients. They hold many memories, it is time to pass these wonderful properties

on to someone else who will enjoy them as much as we have,” says the Seller.

Costa Rica’s fame as a retiree destination is richly deserved. Costa Rica’s impressive biodiversity makes it a key destination for ecotourism. Foreign investors remain attracted by the country’s fiscal incentives and the country has attracted one of the highest levels of foreign direct investment per capita in Latin America.

Cabana Verde in Costa Rica, offers a 6,000 SF main villa, an Olympic style pool complete with in-water sitting bar area, hand-carved Cristobal wood doors, natural stone, exotic woods, and glass.

The Dominican Republic is the top vacation destination in the Caribbean.

Some of the most desired residential areas in the country are in tourist hot spots such as the capital, Santo Domingo. The home is a short distance from the beach, International school and Medical Centre and is only minutes away from the Puerto Plata airport, a major advantage for investors and users.

Also up for auction are the famous Montego Bay Wexford and Syrynity Hotels, offering approximately US $500,000 in net earnings. Syrynity offers 21 rooms in a tropical sanctuary; while Wexford offers 1.5 acres with 82 rooms. Recent renovations include beach entries.

To receive a Bidder’s Package, register for the online event or attend an open house with a Jamaica Broker, please contact us.

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Real Estate Auctions, LLCAsad Kausar, 708-361-2437


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