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Gimme: $US1 Mill Hunk of Beachfront Java!

Derek Rielly

by Derek Rielly

It fronts a perfect righthander!

Do you have one million dollars? I do, but cannot access this windfall for seven-and-a-half years, which is well into the sunset of my life. It’s a long story and typical of financial decisions I make on a whim or while riven with guilt.

Dumb, dumb, dumb.

Anyway, if this money was available, which it isn’t hence a post last week begging for bar work, or if you had the money, do you think it would be a good decision to buy one hectare of gorgeous beachfront land in Java?

The question arose yesterday when a friend, who has a friend with this land, told me about the sale. The parcel is next to the surf resort Rizal Tanjung built with his father-in-law  in the East Javanese village of Watu Kerung. 

From Rizal’s resort’s website:

Rizal Tandjung first discovered the potential beauty of Watu Karung back in 2009 when a friend took him surfing there. Rizal was amazed and blown away by the pristine, serene beach with its special landscape and rocks out in the ocean. One rock cliff in particular, stood out because of its “Sphinx”-like features, or depending on where you stand or how you look at it, it could resemble a princess or a baby’s face.What really made an impression to Rizal was its powerful waves, it reminded him of surfing in Hawaii. These waves made his pro surfer friends such as Kelly Slater, Bruce Irons and Josh Kerr (just to name a few) also come to experience Watu Karung. A photo of Bruce Irons made it on the cover of a surfing magazine and he mentioned it was “the last secret spot”. Many other photo’s and stories about WaKa eventually cicrulated in different surf mags which put it more on the spot. The goal is to slowly build up the place over time to become the beach retreat they dreamed of. Time is not a factor, they don’t want to rush “art”.

Now, this hunk of land which is for sale sounds dreamy enough.

From its owner:

Watukarung is an upcoming surfer village close to Pacitan, East Java. Indonesian Surf Champion and mentor Rizal Tanjung was the first to buy, we were the second, and so many followed. There is no beachfront or just behind beachfront land left, the hype has fully started. It is safe to say that this little spot there will develop into something like Uluwatu or Padang Padang because the waves are world class, people with the required networks have invested and are promoting. Rizal has built a resort that he naturally promotes with his name, Indonesian surf champions Marlon Gerber and Pepen Hendrix also have their holiday homes. Its so cool, from our house you paddle out to the right.

These are the coordinates: 

https://earth.google.com/web/@-8.23608995,110.97205665,6.34825714a,801.5049343d,35y,170.75891204h,0t,0r

Or you just type in Watukarung in the search field of Google earth. I am sending you the screenshot with property boundaries attached. You see our land is straight in front of the righthander and just another 5 minute paddle across the channel to the lefthander. The beach belt of the peninsula belongs to Indonesia, just as any beach.

Our property consists of a part A which is beachfront and a part B which is adjacent to A just separated by a small public walkway. The rate for A (beachfront ) currently is at IDR 2 million per square meter, B (next row behind beachfront) is at IDR 1 million per square meter. Those prices are one tenth of Bali Canggu prices as by 2017.

A: Prime beach front at the wave. Land pieces 5 (3.500m) and 6 (1.236m) which total to 4.736m. Price: 4.736 x 2 million = 9.5 billion IDR

B: Next row behind beachfront. Land pieces 1,2,3,4 total to 4.352m. Price: 4.352m x 1 million = 4.35 billion IDR. The back of the property is a small hill from where you can overlook the whole bay and see the righthander, if the wind blows the coconut trees to the side you can also see the left. 

The total property value would be 9.5 + 4.35 = 13.85 billion IDR which is roughly one million dollars. 

In case the buyer opts only for land A (pieces 1,2,3,4) it is fine for us however land B (5,6) we only sell together with land A all in one go.

USP: We have the IMB (building permit) and legal docs to run a resort. Architectual plans are all ready. We do not charge anything, this is the bonus for the buyer. FYI hardly any other person in the village has the proper permits to build let alone run an accommodation business. Note that the position of the houses in the plan is more than 100m from the beach, so this IMB is waterproof, it corresponds to Indonesian law.

This is what I would do with the land.

I would build an all-white (colour not race) cubist resort here with chromium and leather Italian furniture, own only Pyzel Ghosts, ship in a woman (‘en) with breasts like ski jumps from the Pyeongchang Games, a basketball ass and a little round tummy and hair that is dark at the roots but turns yellow towards the end and die the happiest man. If I had the money. Which I don’t. Instead, down and out in Bondi.

You? Would you buy?

(Email [email protected] if you want to get pointed at the owner. Maybe I’ll get a little commission!)