Developer Targets
Atlantic Coast For New
Marina Resort
A Florida-based
developer is trying to
create the first-ever
large-scale,
yacht-friendly resort
project on the
little-traveled Atlantic
coast of Costa Rica.
Isla Moin is located
near the city of Limon,
a 30-minute flight from
the capital or, as
marketing materials
quaintly describe, a
“breath-taking” 2 1/2-
hour drive through the
mountains.
Developed by SolerPazos
Group, a company founded
by Costa Rica native
Jose Soler, with Costa
Rica construction
company Edificar as a
partner, the first phase
of the 200-acre project
calls for the
construction of more
than 200 housing units
around canals and
beachfront, as well as a
123-slip marina.
Eventually, Isla Moin is
expected to include 800
condominiums, villas and
estate homes, a luxury
hotel and room for 500
boats.
While new projects
sprout up seemingly
every week on Costa
Rica’s Pacific Coast,
developers have
practically ignored the
jungle-covered Atlantic
coast, which has little
in the way of roads or
infrastructure. And
there is not much in the
way of attractions for
the yacht crowd. From
Mexico south there are
few docks, nevertheless
deep-bay mega-yacht
moorings below the
hurricane line.
Beyond the marina, the
developers are pitching
the affordability of the
project, offering “all
of the benefits of Costa
Rica at a fraction of
the recently inflated
prices of Costa Rican
real estate,” according
to the marketing
materials. In the
pre-construction phase,
units are priced between
$175,000 and $2 million.
Marina slips, the real
prize, range from
$100,000 for a 40-foot
slot to $1.5 million for
a 250-foot parking spot.
Other marina projects
have faced local
protests, but it appears
Isla Moin is “going to
happen with little
opposition.” SolerPazos
hopes to begin
construction later this
year.
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