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 4

Description

Unveil the potential of this expansive development opportunity in Santa Teresa’s thriving commercial hub. This strategically positioned 1,153 m² lot offers an exceptional canvas for innovation in Costa Rica’s most dynamic coastal destination.

Property Overview

Size: 1,153 m²
Price: $518,850 ($450/m²)
Location: Prime Santa Teresa boulevard
Zoning: Commercial and Residential
Development Potential: 75% buildable footprint
Status: Ready for immediate development

Property Highlights

Central positioning in Santa Teresa’s growth corridor
Dual-purpose zoning maximizing development options
Approved construction permits in place
Complete utility connections
Extensive road frontage
Generous lot dimensions for optimal planning

Location Benefits

Santa Teresa delivers exceptional market advantages:

Steps from world-class Pacific beaches
Growing international tourist destination
Thriving year-round business climate
Preserved jungle environment
Expanding luxury market
Established hospitality ecosystem

Investment Potential

This substantial lot supports diverse development concepts:

Multi-unit retail complex
Signature restaurant venue
Mixed-use development project
Boutique hotel property
Luxury residential compound
Commercial entertainment space

Infrastructure & Permits

The property includes all essential elements:

Secured water rights
Full electrical infrastructure
High-speed internet connectivity
Building permit approvals
Clear legal documentation
Established road network

Positioned within Costa Rica’s premier coastal community, this 1,153 m² property presents a compelling opportunity in Santa Teresa’s expanding real estate market. The lot’s generous dimensions and prime location create unlimited potential for visionary development.

This property is part of an exclusive development where premium lots have commanded up to $1,000/m², highlighting the strong appreciation potential at the current $450/m² pricing.

Contact us today to explore this exceptional Santa Teresa property. With demonstrated market strength and limited available inventory, this represents a rare opportunity to secure a position in Costa Rica’s most dynamic beach destination.