Expats with an extra few billion might want to qualify for the Hacienda Pinilla auction Nov. 15. That’s dollars, not colons.
The sprawling Guanacaste project is on the block in multiple parcels. The auction is being handled by United Country Real Estate in Texas.
The property, which is more like a town, contains abut 4,450 acres, an 18-hole golf course, a hotel and three miles of titled beachfront, according to the auction Web site. Central Valley expats know it as the place to go for a luxury Pacific coast vacation.
The company said it is auctioning off shares in the company that owned the project, Agroganadera Pinilla, S.A.
If the auction is successful, the deal will be the largest real estate transaction in recent years.
H.G. Pattillo, started building on the site in the early 1970s. That was before the 1977 maritime law took effect, and Hacienda Pinilla owned beach land to the high tide line, said the Web site.
The real estate firm calls the project the premier established beach and residential resort community in Central America.