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 3

Description

Discover an outstanding investment potential in Santa Teresa’s vibrant commercial corridor. This generous 1,058 m² lot presents an ideal opportunity for development in one of Costa Rica’s most sought-after coastal destinations.

Property Overview

Size: 1,058 m²
Price: $476,100 ($450/m²)
Location: Central Santa Teresa frontage
Zoning: Commercial and Residential
Development Potential: 75% buildable area
Status: Available for immediate purchase

Property Highlights

Premium positioning on Santa Teresa’s main thoroughfare
Versatile mixed-use zoning capabilities
Construction-ready with approved permits
Comprehensive utility infrastructure
Superior visibility and accessibility
Optimal size for diverse development projects

Location Benefits

Santa Teresa offers unparalleled lifestyle and business advantages:

Direct access to renowned surfing beaches
Established luxury tourism market
Vibrant year-round community
Protected natural environment
Booming hospitality sector
Flourishing commercial district

Investment Potential

This versatile lot accommodates numerous development scenarios:

Upscale retail plaza
Boutique hospitality venue
Mixed-use commercial complex
Premium residential development
Wellness center
Entertainment venue

Infrastructure & Permits

Property comes fully equipped with:

Municipal water connection
Three-phase electrical service
Fiber optic internet infrastructure
Pre-approved building permits
Complete legal framework
Established access infrastructure

Situated in Costa Rica’s premier beach destination, this 1,058 m² property presents a compelling investment opportunity in Santa Teresa’s expanding real estate market. The lot’s strategic location and versatile zoning make it ideal for investors seeking strong returns in this rapidly appreciating coastal market.

Part of an exclusive development where premium lots have sold at up to $1,000/m², this property offers exceptional value at $450/m² with substantial appreciation potential.

Contact us today to schedule a viewing of this prime Santa Teresa property. With proven market demand and limited inventory, this represents a unique opportunity to invest in Costa Rica’s most dynamic coastal community.