FeaturedFor SalePre-construction, For Sale
Orion Residences
From $165,000
One- and two-bedroom condos in Costa Bávaro. Delivery is written as 2027. The building is not finished.
HomePropertiesCocotal Golf Course Portfolio
Condo
For SaleCocotal Golf Course Portfolio
Cocotal
$5,500,000
Approximate. The listed price is in US dollars.
Four buildings and 36 residences inside Cocotal Golf & Country Club, leased to Meliá through 2028.
Buildings
4
Residences
36
Lease
Through 2028
Net income
$300,000 a year
Per residence
About $152,777
Request a walkthrough of Cocotal Golf Course Portfolio on WhatsAppThis is the whole complex, not one apartment. Four buildings sit inside Cocotal Golf & Country Club, with 36 residences between them: one-bedroom apartments, two-bedrooms with terraces, and three-bedroom penthouses with mezzanines.
The buildings are leased to Meliá Hotels through 2028. The listing states net income of $300,000 a year for that term, with no obligation to renew. After 2028 the use is open. The asking price is $5,500,000, about $152,777 a residence.
A seller pro-forma in the file projects vacation-rental income after the lease. Those figures are the seller's model. We will not quote them as a yield. We will walk the lease, the buildings, and the title with you before an offer.
Interior
Buildings
4
Residences
36
Lease
Through 2028
Net income
$300,000 a year
Per residence
About $152,777
Exterior
Setting
Inside Cocotal Golf & Country Club
Course
27 holes, designed by José "Pepe" Gancedo
Buildings
Each with its own access, parking, and pool
Beach club
Access to Meliá Caribe Beach and Paradisus Palma Real, as stated
Gate
Controlled access
Nearby
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