Costa Rica’s world’s largest penthouse comes with a private helipad
The real estate sector has been hard hit worldwide due to the global recession. While this section might be the last to see recovery, Latin America makes an exception to this by being better insulated to weather the financial crisis than most first world countries, owing to its cash bound real estate policy and investment funds. The real estate development firm Caspi International’s. plans for a new 14-story oceanfront condominium tower in Costa Rica might be a signal of the re-emergence of the region’s real estate market. This oceanfront development sets a new standard in the world of luxury real estate, not just in Latin America but on the global standards, with its world’s largest penthouse. The $120 million Genesis Puntarenas will feature a sprawling 68,459-square-foot, 10-bedroom masterpiece called “The Caspi Icon” with three stories of living space, a private helipad, swimming pool and tennis court. The luxury property will include 40 condominiums, 6 bi-level penthouses and 1 master penthouse.
Located along the sandy beaches of Puntarenas, this condominium tower is distinguished by its unique, all-glass facades, which allow residents to enjoy the lush landscapes as an extension to their living space, virtually. The individual units feature top-of-the-line finishes such as marble flooring, quartz countertops and Scavolini kitchens, while the building boasts five-star amenities including a two-story fitness center, infinity pool, spa services, on-site restaurant/lounge, wine cellar, cigar parlor and business center. Genesis Puntarenas is expected to be completed by mid 2010 and will be located in the Pacific Coast city of Puntarenas, about a half-hour drive from the capital city of San Jose via the region’s new six-lane toll road. Units are priced from $473,000 to $3.3 million. In addition to investing in a home, investors also get a rare chance to own a part of the Costa Rican shoreline. So, for those who want to explore foreign real estate, Latin America offers some of the best opportunities.
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