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.

Dominicalito: A Unique Mountain Farm For Sale Costa Rica

Description

Exciting Opportunity Awaits!

Embark on a journey to ownership with this unparalleled land for sale, now on the market. Encompassing 25 hectares (62 acres) of the most sought-after land, this gem is available for the discerning buyer at an asking price of $3,500,000 USD. Discover the full potential of this magnificent estate detailed below.

Total Property Overview:

Size: Sprawling 150-acre (60-ha) farm, offering a vast canvas for development.
Location: Perched atop a mountain in Dominicalito with entrances from Escaleras & Baru, just 2 km from the mesmerizing Nauyaca waterfall.
Accessibility: Clear road access, ensuring easy connectivity to nearby regions.
Utilities: Equipped with essential services including water and electricity.
Terrain: Features a unique flat foundation atop the mountain, ideal for construction.

A Realm of Possibilities:

Dominicalito Estate is a rare gem, nestled in a serene mountain setting with breathtaking ocean views. Its strategic location combines the tranquility of a secluded retreat with the vibrancy of coastal life. Over 60% of the land is usable, making it perfect for a variety of development projects.

Potential Development Ideas:

Luxury Residential Community: Ideal for an exclusive gated community of high-end villas or condominiums, offering residents unparalleled ocean views and natural beauty.
Eco-Friendly Resort: Leverage the estate’s proximity to natural wonders by developing an eco-resort that offers a blend of luxury and sustainability, appealing to environmentally conscious travelers.
Mixed-Use Development: Combine residential, commercial, and hospitality elements to create a dynamic community that caters to both locals and tourists.
Wellness and Retreat Center: With its tranquil environment, the estate is perfect for a wellness and retreat center focusing on health, relaxation, and connection with nature.
Commercial Ventures: Develop commercial spaces like boutique shops, restaurants, or art galleries that complement the area’s tourist appeal.

Why Invest in Dominicalito Estate?

Dominicalito Estate presents a unique opportunity in Costa Rica’s burgeoning real estate market. With its expansive size, versatile land, and stunning natural surroundings, it’s an ideal choice for developers and investors looking to capitalize on Costa Rica’s growing popularity as a luxury and eco-tourism destination. The estate offers endless possibilities for a visionary developer to create something truly remarkable.

Your Dream Project Awaits:

Embark on a journey to transform this majestic estate into a landmark development in Costa Rica. Contact us to explore this unparalleled investment opportunity and make your mark in one of the world’s most beautiful and sought-after destinations.