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.

Architectural Ocean View Masterpiece - Costa Rica Real Estate

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Featured For Sale Hot New Listing

Architectural Ocean View Masterpiece

Costa Rica, Puntarenas, Garabito

$1,025,000

Overview

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

2.5
Lot Acres

55,800
Sq Ft

3
Bedrooms

5
Bathrooms

Description

Discover this exquisite, one-of-a-kind, Mexican-inspired architectural masterpiece perched on a gentle hillside with sweeping ocean views from Playa Hermosa to Esterillos Beach. Constructed in 2019, this 5,000-square-foot residence boasts a grand master bedroom, two spacious guest suites, and five opulent bathrooms. The home features wraparound vistas and a cascading jacuzzi that forms a waterfall into the luxurious first-floor pool, enhanced with mood lighting for a personalized ambiance.

Floor-to-ceiling windows illuminate the dining area, living area, and kitchen, accentuating the private master suite which includes dual bathrooms and a jacuzzi on the second floor. The property extends over 2.5 lush acres, with an adjacent lot available for further expansion.

Architectural details such as Mexican clay tiled domes and a circular rooftop make a memorable impression. The grand entrance, marked by an impressive pineapple front door, leads into a foyer with high vaulted ceilings and exquisite dome ceiling work. The interiors boast Costa Rican precious hardwoods and marble floors throughout. The kitchen features imported marble countertops and custom cabinetry made from fine hardwoods. Each bedroom provides a luxurious en suite with stone showers, extensive counter space, and expansive closets.

Outdoor living is reimagined with a large infinity pool featuring a swim-up bar, and an indoor/outdoor pool with doors that open fully to merge outside with inside. Enjoy over 180 degrees of ocean view from the circular salon, or the massive principal bedroom, which offers 1,755 square feet of space, two separate bathrooms, and a large, domed Mexican tile shower.

Additional amenities include a three-car tiled garage with a utility room and potential for maid or guard quarters. This property is not only a sublime personal retreat but also presents an incredible investment opportunity with the possibility to expand into a small 7-room B&B or boutique hotel.

Embrace the opportunity to own this unparalleled home. Schedule your exclusive tour to experience luxury redefined.