This is an exceptional beachfront opportunity in the heart of Santa Teresa. This rare property offers a unique combination of oceanfront living, development potential and natural beauty. The total size of the land is 10,670m2, of which 7,308m2 is maritime zone land with a concession valid through to November 2031. The maritime zone land is zoned Residencial Recreativa, which allows for 50% construction coverage for residential development. It is possible to apply for a conditional commercial use, offering the potential for a boutique hotel, restaurant or hospitality concept. There is an additional 1,655m2 of protected land, which is idea for lush gardens, walking paths and relaxation areas. At the main road there is a commercial lot, which is in the titling process. Once titled, it has a 75% maximum construction footprint coverage. The location of this property is fantastic, steps away from the popular Banana Beach surf break.