Costa Rica Real Estate

PUNTA LEONA, Costa Rica–(BUSINESS WIRE)–Beach One Developments, a development company dedicated to maintaining a socially responsible community
and preservation of the natural ecology in Punta Leona, Costa Rica, needed just four hours to sellout the first phase of VIVA Punta Leona, a new resort
condominium project located 90 minutes southwest of San José.

Within hours of being offered on April 30, a diverse collection of buyers from the United States, Canada and Costa Rica purchased all 36 condominium
suites, generating US$16.3 million in sales.

“VIVA’s unique combination of a new, high-end resort condominium in a well-established Costa Rican community made it an attractive buy,” said Hal Wright
of Beach One Developments.

The new development will feature upscale amenities, onsite activities, and — true to the developer’s mission — will honor and emphasize the local culture.
The first release included one-, two- and three-bedroom properties that range from approximately 800 to more than 2,000 square feet. Prices began in the
$200,000s.

Punta Leona is located just north of Jacó on Costa Rica’s Central Pacific Coast, and is home to both locals and international residents alike.
The community is known for its two white sand beaches — one of which was recently awarded a “Four Star Blue Flag” designation for ecological preservation.

“VIVA Punta Leona’s real estate offering, and its setting with white sand beaches and lush jungle, really appealed to us,” said buyers
Liz Paez and Hal Marcus of Piedmont, California. “It’s an authentic Costa Rica experience with a family friendly atmosphere, plus the comforts
and luxuries of home.”

With the strong response to VIVA Punta Leona’s first offering, Beach One Developments will soon be releasing details of Phase Two.
Beach One Developments is a joint venture between Hal Wright and the Gordienko family, operators of Punta Leona since 1975. The partners
are committed to maintaining a socially responsible community and preservation of the natural ecology.

Hal Wright is also managing partner of Punta Dominical, the largest development company in Costa Rica’s Southern Pacific Zone. Hal has years
of expertise in the creation of exceptional family-friendly properties and master planned communities.