Is it Safe to Invest in Costa Rican Real Estate?

Investing in Costa Rican real estate is considered safe for foreign investors. In Costa Rica, international buyers enjoy equal rights to purchase and own property as locals do. You can own property either in your name or through a Costa Rican corporation, which may be owned by a foreign entity. For more insights on investment safety, visit our Real Estate Investment Safety page.

How Can I Verify the Legality of a Property in Costa Rica?

To ensure a property’s legality in Costa Rica, check its registration in the National Public Registry of Properties. Legally registered properties have a unique Folio Real number and a Plano Catastro number. For detailed guidance, see our Property Legal Verification guide.

Who Manages the Transaction Funds in Costa Rica?

In Costa Rica, transaction funds over $10,000 must pass through a SUGEF-registered escrow agency, safeguarding your investment during the due diligence process. Bernard Realty recommends trusted escrow services for secure transactions. Learn more on our Escrow Services page.

Is a Real Estate License Required in Costa Rica?

In Costa Rica, real estate licensing is encouraged but not mandatory. Bernard Realty agents are licensed and adhere to standards set by Costa Rica Global Associations of Realtors, aligned with NAR standards. Discover more about our professional standards on our Agent Licensing page.

What About Title Insurance in Costa Rica?

While Title Insurance isn’t common in Costa Rica, thorough property investigations by attorneys offer similar security. They trace property histories to ensure clear titles. For more information, check out our Title Investigation Services section.

Understanding Property Taxes in Costa Rica?

Property taxes in Costa Rica are uniform across the country and notably low. The rate is generally 0.25% of the property’s registered value per annum. For instance, if you own a property with a registered value of $200,000, the annual property tax would be approximately $500. This makes Costa Rica an attractive destination for property investment. For more details on property taxation, refer to our Property Tax Overview section.

Can Foreigners Own Beachfront Property in Costa Rica?

Foreigners can own beachfront property in Costa Rica under certain conditions, such as holding a concession for 20 years or owning through a corporation structure in condo developments. For detailed information, visit Beachfront Ownership Regulations.

Options for Financing a Property in Costa Rica

While direct mortgages to foreigners are rare, there are alternative financing options, including owner financing or using a self-directed IRA. Explore financing options on our Property Financing page.

Residency Requirements for Living in Costa Rica

To live in Costa Rica full-time, legal residency is required. Temporary stays up to 180 days are allowed for most international travelers without special visas. Learn more about residency requirements on our Residency Guidelines page.

What to Expect for Closing Costs in Costa Rica

Closing costs in Costa Rica are government-regulated, usually about 4% of the property’s value. Costs include notary fees, transfer taxes, and documentary stamps. Get a detailed breakdown on our Closing Costs page.

Do I Need an Attorney for Property Purchase in Costa Rica?

An attorney is essential for property transactions in Costa Rica, handling due diligence and property registration. Bernard Realty can connect you with experienced attorneys. Find out more on our Legal Assistance page.

Options for Holding Property in Costa Rica

Properties in Costa Rica can be owned personally or through a Costa Rican Corporation. The latter is often recommended for non-residents. Our agents can provide detailed advice, as outlined on our Property Ownership Options page.

Cost of Real Estate in Costa Rica

Real estate costs in Costa Rica vary, catering to diverse budgets and preferences. Bernard Realty offers properties ranging from affordable lots to luxury estates. Explore our listings on the Property Listings page.

Homeowners Association Fees in Costa Rica

HOA fees depend on the development and amenities provided. These fees cover maintenance, security, and other services. For a comprehensive overview, visit our Homeowners Association Fees page.

Ocean View: Indulge in Fifth-Floor Luxury at Los Altos

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Featured For Sale Hot New Listing

Costa Rica, Puntarenas, Quepos

$1,041,500

Overview

Beachfront Homes in Costa Rica, Condos For Sale in Costa Rica
Property Type

2,583
Sq Ft

3
Bedrooms

2.5
Bathrooms

Description

Nestled at the heart of a vibrant rainforest, the Panoramic Paradise Suite on the fifth floor of Los Altos offers sweeping views of the Pacific Ocean, encapsulating the essence of luxury intertwined with the untouched beauty of Costa Rica. Spanning 2,583 ft², this architectural masterpiece features three opulent bedrooms, crafted to deliver an unmatched level of comfort and elegance. Perfect for families and couples alike, it stands as a premier choice in Costa Rican luxury real estate.

Exclusive Offerings and Personalized Services

Infinity Pool with Ocean Panorama: Immerse yourself in the infinity pool, offering a majestic ocean vista.
Culinary Excellence: Indulge in the finest gourmet experiences at Enso Sushi & Karolas Restaurants.
Privileged Beach Access: Relish in the seclusion of our private beach, ideal for enjoying the iconic Costa Rican sunsets.
Wellness Oasis: Elevate your well-being in our cutting-edge fitness center and serene spa.
Rainforest Wildlife Encounters: Engage with the biodiversity of the rainforest, creating unforgettable memories.

Premier Timeshare Advantages:

Experience the epitome of 5-star living with our all-encompassing condo maintenance and rental program management at $1,640. Enjoy:

Comprehensive Common Area Upkeep: Including elevators, generators, and more.
Rental Program Excellence: Benefit from our expert marketing and management.
Quintessential Hotel Services: Access 24-hour concierge, daily maid service, and exclusive beach amenities.
Inclusive Amenities: Enjoy complimentary high-speed internet, cable TV, and more, with minimal personal expenses outside of electricity, water, and taxes.

Your Luxurious Investment Opportunity

The Panoramic Paradise Suite is not just a residence; it’s a premium investment in Costa Rica’s luxury and peace. With its unparalleled ocean views and access to the life of Manuel Antonio, it offers an extraordinary lifestyle. Reach out today to schedule a viewing and start living your dream in the lush landscape of Costa Rica.

Address

Open on Google Maps

Address Manuel Antonio, Puntarenas, Costa Rica
City Quepos
Province/county Puntarenas
Area Manuel Antonio - Real Estate & Properties For Sale
Country Costa Rica

Details

Updated on September 13, 2024 at 7:36 pm

Price: $1,041,500
Property Size: 2,583 Sq Ft
Bedrooms: 3
Bathrooms: 2.5
Property Type: Beachfront Homes in Costa Rica, Condos For Sale in Costa Rica
Property Status: For Sale