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.

Penthouse Luxury Suite at Los Altos with Private Jacuzzi

Description

A Fusion of Luxury and Nature’s Splendor:

The Balinese-inspired Penthouse Suite at Los Altos, a breathtaking 4,200 ft² property, represents the zenith of luxury real estate in Costa Rica. Perched amidst the vibrant rainforest and overlooking the majestic Pacific Ocean, the Balinese-inspired Penthouse Suite at Los Altos is the epitome of opulent comfort and pristine natural beauty. This expansive 4,200 ft² penthouse, designed to accommodate 2-8 guests, offers a unique and luxurious living experience. Ideal for families or groups, it stands as a beacon of elegance among luxury beachfront villas in Costa Rica, providing an unparalleled retreat for those seeking exclusivity and serenity.

Penthouse Exclusive Amenities:

Private Jacuzzi: Experience tranquility with spectacular views in your secluded Jacuzzi.
Exclusive Fitness and Wellness Facilities: Revitalize yourself in our top-tier fitness center and serene spa.
Gastronomic Excellence: Savor culinary delights at Enso Sushi and Karolas Restaurant, epitomizing our commitment to gourmet experiences.
Choice of Serenity Pools: Indulge in relaxation at the common infinity pool or enjoy the exclusivity of the owner’s only pool.
Direct Beachfront Access: Step directly onto a stunning beachfront, an extension of your luxury living experience.

Design and Views Unparalleled:

The penthouse radiates a unique Balinese charm intertwined with modern luxury. Each of the four bedrooms serves as a private sanctuary, with the master suite featuring its own terrace and Jacuzzi. Panoramic views encompassing the Pacific Ocean, Manuel Antonio National Park, and the lush rainforest canopy enhance every moment, marrying luxury with the allure of Costa Rica’s natural beauty.

An Investment in Paradise:

As a premier selection in Costa Rica’s luxury real estate market, this penthouse is more than a home; it’s an exceptional investment. Its blend of lavish living, stunning views, and potential rental income positions it as a coveted choice for those seeking beachfront homes for sale in Costa Rica.

Exceptional Timeshare Benefits:

Enjoy the luxury of a 5-star hotel with our comprehensive condo maintenance and rental program management for $1,640. This includes:

Common Area Maintenance: Elevators, generators, water treatment, and beautifully landscaped gardens.
Rental Management Program: Expert marketing and operational management for guest experiences.
5-Star Hotel Service: 24-hour concierge, daily maid service, exclusive beach services, and more.
Complimentary Services: High-speed internet, cable TV, access to pool and gym facilities. Limited
Personal Expenses: Only personal electricity, water, and municipal real estate taxes are excluded.

Seize Your Dream of Luxury Living:

Don’t let this unparalleled opportunity pass you by. Contact us to explore this exquisite penthouse at Los Altos and embark on your journey to owning a piece of the most sought-after luxury real estate in Costa Rica. Your dream of opulent beachfront living awaits.