2014: 5 Lots Sold (Welcome New Owners!), 5 Remaining
As with real estate worldwide, the 2008 economic collapse hit Tierra Pacifica hard. Lot sales and building construction almost stopped for several years. All that is now behind us. In 2014 we sold 4 developer lots plus the developer’s bodega and worker’s house which will now be renovated by the new owner. These sales included:
Lot 25. Ibraheim Muhammad from Canada bought this “surf cottage” (formally the bodega) and plans to renovate it. Ibe has already plugged into the work of the Tierra Pacifica organic farm and he wants to help plant more fruit trees at the orchard.
Lot 47. Brian Krenzien works for Homeland Security heading up their technology division in the US. He bought this lot for a retirement property and is not yet sure on a building timeframe. Brian found Junquillal in a Costa Rica guidebook as it was listed as an up and coming hot spot. =
Lot 49. Carlos Madrigal and Monica Grujalba Meza Esquivel breed specialty horses in Cartago. Monica is Raul’s (Tierra Pacifica HOA’s Fiscal) sister-in-law.
Lot 58. Howard Hutton and Sally Shaw are from Nova Scotia looking to get out of the harsh winters. They toured up and down the coast and came back to Tierra Pacifica after not finding what they were looking for in Nosara. They plan to build in the next year or two.
Lot 60. Alfonso Grujalba and Patricia Maria Meza are the parents of Monica, new owner of lot 49. Paricia was a judge in Costa Rica and they also are involved in horse breeding
Resales. In 2014 one resale lot also sold, lot 26. Plus, lot 21 is under contract and another is about to go under contract.
Doug Stern noted that, “for the first time in years there is a buzz again in the area and I have several construction jobs happening now and more beginning in 2015; exciting times again.”
Tierra Pacifica is 10 years old and we expect all remaining developer lots to be sold in 2015. To this end, the remaining lots are priced to sell plus there is an additional $10,000 discount on all remaining developer lots. Now is the time to buy!