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.

Prepped for Construction 2 Acres Luxury Ocean View Property

Description

Introducing an exceptional opportunity to own a premier piece of real estate in Costa Verde Estates, one of Costa Rica’s most prestigious communities. This distinguished property, Lot 1, presents a unique blend of stunning panoramic ocean views, including a mesmerizing sunset orientation, and spectacular whitewater views of Marino Ballena National Park’s iconic whale’s tail. Additionally, it boasts pristine views of the surf at Punta Achiote, a celebrated right-hand surf break.

Property Highlights:

Unrivaled Ocean Views: Feast your eyes on the vast Pacific Ocean and experience the enchantment of sunsets melting into the horizon. The property’s elevation offers a dramatic perspective of the whale’s tail in Marino Ballena National Park, enriching your daily panorama with natural splendor.
Expansive Lot: Spanning approximately 8,071 square meters (about 2 acres), this lot provides plentiful space for crafting a bespoke luxury home that captures the essence of this extraordinary locale.
Ideal Climate: Perched at 1,700 feet, the climate here is temperate, with mid-day temperatures hovering in the mid-80s Fahrenheit, dipping to comfortable 60s at night. Enjoy the harmony of warm sunshine and refreshing breezes year-round.
Elite Community: Reside amongst luxury, with neighboring properties reflecting multi-million dollar values. Costa Verde Estates is synonymous with opulent and secure living.
Exclusive Features:
- Natural Retreat: Relish the peacefulness brought by a seasonal creek and waterfalls right on your property.
- Additional Homesite: Plan for a guest house, or perhaps a yoga or art studio, with stunning views of Playa Hermosa.
- Adjacent Rainforest: The lot borders a 300-acre conservation area, preserving your privacy and immersing you in abundant wildlife.
- Construction-Ready: The primary homesite is prepared for building, complete with advanced stormwater management systems already in place.
- Luxurious Amenities: Enjoy 24/7 security, a tennis court, modern gym, a community park with panoramic ocean views, high-speed fiber optic internet, and even a private helipad, enhancing both convenience and luxury.

Location:

Lot 1 is ideally situated in Costa Ballena, offering easy access to pristine beaches, rich local culture, and various outdoor activities. Live peacefully by the coast while remaining a brief drive from necessary amenities and services.

Investment Potential:

Given the rarity of ocean-view properties in this area, Lot 1 is a prime investment opportunity. Whether you envision a grand private home, a tranquil holiday getaway, or a high-yield rental, this property offers the potential to realize your vision in one of Costa Rica’s most desirable settings.

Seize this once-in-a-lifetime chance to secure your dream property in paradise. Note: Seller is BTC-friendly.