$60M Luxury Condo Plans Taking Shape

PUNTA LEONA, COSTA RICA-This Central American tourist destination will be sporting another new luxury residential condominium property this fall when Beach One Developments plans to break ground on a $60-million, 120-unit private and gated beach club community. Construction on most of the three-story structures is expected to be completed by October 2008. The site is about 90 minutes southwest of San Jose.

Fully furnished homes will be priced from $200,000 to $749,000, according to Pablo Gordienko, son of Punta Leona founder Eugenio Gordienko. The sales effort on the first 34-unit phase of the project starts in March. “Punta Leona’s history dates back nearly 30 years when our family discovered it during a fishing trip,” Pablo Gordienko says. “Over time, we created a resort and beach club that incorporated the best that Costa Rica has to offer.”

He adds, “While many new developments attempt to manufacture, or in some cases, shut out the essence of Costa Rica, Punta Leona’s history and Costa Rican ownership lend an authentic, cultural experience.” The resort will be shielded by the Nicoya Gulf’s turquoise water and will overlook Bandera Azul, one of Punta Leona’s two internationally known white sand beaches. The other is Playa Blanca.