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.

Prime Commercial Property in North Santa Teresa | Beach Town Investment Opportunity

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Featured For Sale Hot New Listing

Costa Rica, Puntarenas, Puntarenas

$2,200,000

Overview

Commercial Properties in Costa Rica, Land For Sale in Costa Rica
Property Type

0.688
Lot Acres

Description

Discover an exceptional commercial investment opportunity in the heart of Santa Teresa, Costa Rica’s most vibrant beach town. This premium corner lot property, strategically positioned in North Santa Teresa’s bustling commercial district, offers 2,784.18 square meters (29,958.03 square feet) of prime real estate just minutes from the famous Santa Teresa beach.

Location & Development Potential Situated at a high-visibility corner in North Santa Teresa, this commercially-zoned property presents unlimited development possibilities in one of Costa Rica’s fastest-growing beach destinations. The generous 70% building footprint allowance enables diverse development options, including:

Luxury beachside restaurant complex
Mixed-use commercial and residential development
Boutique hotel or vacation rental property
Retail spaces and professional offices

Infrastructure Ready This development-ready property comes complete with essential infrastructure:

Municipal water (AyA) connection
Electrical service installed
Clean property title
Commercial zoning approval
Walking distance to Santa Teresa Beach

Investment Highlights

Prime corner location in North Santa Teresa’s commercial hub
Substantial 2,784.18m² lot size
70% buildable area ratio
Full infrastructure in place
Short walk to world-renowned beaches
Located in Costa Rica’s premier surf and yoga destination
High tourist traffic area
Strong rental market potential

Santa Teresa continues to experience remarkable growth as an international tourist destination, making this an exceptional opportunity for investors looking to establish a presence in one of Costa Rica’s most sought-after beach towns.

Contact us today to schedule a viewing of this rare commercial property in Santa Teresa’s prime location. Don’t miss the chance to invest in one of the most promising real estate opportunities in Costa Rica’s Pacific coast.

Address

Open on Google Maps

City Puntarenas
Province/county Puntarenas
Area Santa Teresa - Real Estate & Properties For Sale
Country Costa Rica

Details

Updated on January 21, 2025 at 12:45 pm

Price: $2,200,000
Land Area: 0.688 Acres
Property Type: Commercial Properties in Costa Rica, Land For Sale in Costa Rica
Property Status: For Sale