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    88 Black Beauty Des Moines, IA 50306

    Sponsored
    For Sale
    $2,450,000

    Luxury Motel, Ocean Views, Blue Zone

    Property size:
    5,477 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-story, 5,477 sq ft motel in Costa Rica's Blue Zone boasts stunning ocean views and modern amenities. Two buildings, each with multiple rooms, offer a total of 3 bedrooms. Built in 2022, the property sits on a spacious 29,590 sq ft lot with permitted residential zoning. Features include an open floor plan perfect for entertaining, sliding glass doors throughout, central air conditioning with individual room controls, and a Lutron Home Smart System. A whole-home water purification system, tankless water heater, and 5000-liter reserve water tank ensure comfort and convenience. The property includes extensive landscaping, an automated irrigation system, and ample parking for 10+ vehicles. The modern, contemporary architecture is fully furnished and offers multiple indoor and outdoor living spaces, including a covered terrace. The property's location in a Blue Zone presents a unique investment opportunity, with potential for additional guest casitas or rental units. Asking price is $2,450,000. This is a value-add opportunity for an owner/user.

    Property Features for 88 Black Beauty

    General Information

    Property type
    Motels
    Square Feet
    5,477 SF

    Building Details

    Year Built
    2022
    Buildings
    2
    Stories
    2

    HighLights

    • $2,450,000 asking price for this hospitality property.
    • 5,477 square foot motel with 3 bedrooms, built in 2022.
    • Two buildings, two stories, situated on a 29,590 square foot lot with residential zoning.
    • Broker co‑op available; full ownership, for sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Des Moines
    County
    Costa Rica
    State
    Iowa
    Longitude
    -85.696183
    Latitude
    10.016811

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    FAQs

    What type of property is this?
    Motel - Luxury Motel, Ocean Views, Blue Zone
    Where is this motel located?
    The property is located at 88 Black Beauty Des Moines, IA.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: $2,450,000 asking price for this hospitality property.; 5,477 square foot motel with 3 bedrooms, built in 2022.; Two buildings, two stories, situated on a 29,590 square foot lot with residential zoning.
    Request Owner's contact information
    88 Black Beauty Des Moines, IA 50306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    88 Black Beauty Des Moines, IA 50306
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