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.

Amazing Ready to Build Lots Walking Distance to the Beach Lot 1

Description

Discover an exceptional investment opportunity in the heart of Santa Teresa’s thriving business district. This premium land development offers premium positioning in one of Costa Rica’s most dynamic coastal markets.

Property Overview

Size: 1,576 m²
Status: SOLD at $1,000/m²
Location: Main road frontage
Zoning: Commercial and Residential
Development Potential: 75% buildable area
Infrastructure: Complete utilities installed

Property Highlights

Strategic location on Santa Teresa’s main road
Dual commercial and residential zoning (75% development footprint allowed)
Pre-approved building permits
Complete infrastructure: water, electricity, and high-speed internet
Direct road access and frontage

Location Benefits

Santa Teresa has emerged as one of Costa Rica’s most sought-after coastal destinations, offering:

Walking distance to pristine Pacific beaches
Thriving expat and local community
Year-round tropical climate
Abundant wildlife and jungle surroundings
Growing restaurant and shopping scene
Popular surfing destination

Investment Potential

This lot presented multiple development opportunities:

Luxury vacation rentals
Commercial retail space
Mixed-use development
Boutique hotel development
Long-term residential housing

Infrastructure & Permits

This lot was sold development-ready with:

All necessary utilities installed
Pre-approved construction permits
Commercial zoning certification
Legal documentation complete
Immediate building potential

Located in one of Costa Rica’s fastest-growing beach towns, this lot combines prime location with exceptional development potential. The sale of this premium lot at $1,000/m² demonstrates the strong market value and growing demand in the area.

Contact us today to learn more about the remaining available lots in this exceptional development. With high-value properties already sold, don’t miss this opportunity to secure your piece of paradise in Santa Teresa.