The real estate development firm Caspi International has begun pre-sales for a new 14-story oceanfront condominium tower in Costa Rica that sets a new standard for high-end real estate in Latin America.

The $120 million Genesis Puntarenas, as it will be known, is Costa Rica's first all-glass multifamily residential building.

It will also be home to the world's largest penthouse, a sprawling 68,459-square-foot, 10-bedroom masterpiece with three stories of living space, a private helipad, swimming pool and tennis court.

The penthouse and the building's 47 other living units are defined by their floor-to-ceiling retractable glass walls and expansive private all-glass terraces, which will allow homeowners to incorporate the country's lush landscape into their living space.

Genesis Puntarenas is expected to be completed by mid 2010 and will be located in the Pacific Coast city of Puntarenas, about a half-hour drive from the capital city of San Jose via the region's new six-lane toll road.

Units are priced from $473,000 to $3.3 million and will showcase top-of-the line treatments including marble floors, quartz countertops and brand-name stainless steel appliances.

Among other premium amenities, the property will offer residents a bi-level fitness center, an infinity pool with a swim-up bar, as well as an on-site restaurant, lounge, wine cellar, cigar parlor and business center.