Asking price: $65,000
Property ID #: 002
- Located in Orotina, Costa Rica
- Measures 3,435 square meters (36,974 square feet)
- Includes 100 trees of Teak Wood (tectona grandis) planted in 2010
- Extremely fertile tropical Costa Rican soil
- Property is crossed by a small stream of water
- Legally titled for commercial or residential development
- All utilities, easy access
Cash income return in 2020, at which time the trees planted on this land will have reached sufficient height & width for the sale of adult Teak timber.
Teak farming is government approved and regulated in Costa Rica.
In 2015, the estimated gross value of the lumber from a single adult Teak Tree was $150 USD.
There are 100 trees planted on this land.
Orotina, Costa Rica is located just 30 minutes from the nearest Pacific Coast beach and 1 hour from Juan Santamaría Airport — the primary international airport serving San José, the capital of Costa Rica.
In Costa Rica, foreigners can own titled property in their own name and share the same rights as a local owner would.
More about Teak Wood
Teak wood (tectona grandis) is the most planted species in the world; it’s a genus of tropical hardwood trees. They are large trees, growing 30-40 meters tall, used in the manufacture of outdoor furniture, boat decks, indoor flooring and as a veneer for indoor furnishings, yacht building, flooring, carving, cabinetwork, paneling, tanks, vats, and fixtures requiring high resistance to acids. Because of its many uses, demand for Teak has risen steadily over time.
Teak is currently in growing demand; however there is a diminishing supply, plus a drastic need to stop logging rain forests where old teaks stand. The solution to this is sustainable forestry and timber logging