Costa Elena Ventures Into Costa Rica’s Last Frontier

28.08.2023 - 11:01 / forbes.com

Costa Rica is an eclectic mix of customs, beliefs and people, whose multicultural and multilingual inhabitants descended from the cultural fusion of immigrants, including Africans, Chinese, Jews, Lebanese and Italians. With a population approaching five million, similar to that of Kentucky, Costa Rica remains small enough to afford visitors the opportunity to become acquainted with its friendly people.

Costa Rica is part of Central America and is bordering Nicaragua on the north and Panama on the south. Ideally located for a getaway any time of year, temperatures range from 70 to 81 degrees all year round. While many tropical countries have changing weather patterns that affect the entire nation with different seasons, Costa Rica enjoys a dozen different tropical microclimates that remain constant throughout the year. The most common microclimate in Costa Rica is the Tropical Moist Forest, which is filled with evergreen trees and bountiful vines.

Costa Elena, a 3,000-acre master-planned resort community in a previously under invested area of Costa Rica’s “last frontier” in northern Guanacaste, is the natural playground of adventure seekers, outdoor explorers and adrenaline aficionados. Carlos Hernandez, CEO of Pellas Development Group, is leading the development of the most innovative and sustainable luxury hotels and real estate developments in Central America and currently Costa Rica. Hernandez and his team are fostering low-impact development with a focus on environmental preservation, social responsibility and high economic value.

Spread across 3,000 untouched acres and ten miles of pristine coastline, the sustainable destination is primed for adventurers who appreciate raw beauty, local experiences, responsible tourism and modern tropical design. The community is being developed by the most prominent businessmen in Central America, led by Don Carlos Pellas and Hernandez. Home sites are available from $350K and Sunset Villas start from $2.95 million. An array of exclusive amenities are in the works including convenience shops, restaurants, a cafe, fitness and wellness facilities, hiking and biking trails, three beach clubs and a nature preserve.

Costa Elena lies adjacent to the Area de Conservación Guanacaste (ACG), an UNESCO World Heritage Site and the largest environmentally protected area in northern Guanacaste. The ACG represents the largest Tropical Dry Forest regeneration project in the tropics. Costa Elena’s investment in a very remote area of the country is introducing a viable economic mechanism that alleviates poverty in the area, thus reducing the threats of illegal logging, hunting and man-made wildfires, helping the ACG protect and preserve the rare habitat of the Tropical Dry Forest.