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.

Rare 465-Acre Beach Estate in Costa Rica for Sale

Description

Discover an exceptional opportunity in Costa Rica’s pristine Dominical Osa Bahía Ballena region, known for its unparalleled natural beauty and eco-tourism appeal. This vast 465-acre (188-hectare) property (beach estate), the last of its kind, offers direct oceanfront access with three exclusive beaches, Elefante, Ventanas, and Pinuelas, each offering a unique blend of seclusion and natural splendor.

Strategic Location and Development Potential:

Nestled between Uvita and Ojochal, this property is positioned in a rapidly developing area, making it a prime choice for investors.
Close proximity to the future international airport in Sierpe, a mere 35-40 minute drive, enhancing accessibility and value.
The upper sections of Pinuelas and Ventanas feature 20 ready-to-build platforms, complete with internal roads and breathtaking ocean views, ideal for luxury villas or eco-resorts.
The lower sections are zoned for mixed-use, perfect for developing condominiums, boutique hotels, glamping sites, or commercial and residential complexes.

Exclusive Features and Amenities:

Unique in its scale, this property holds the last titled oceanfront land in the Southern Zone, making it a rare and valuable acquisition.
The area has recently seen significant infrastructure improvements, including the introduction of water services and the establishment of a nearby gas station and commercial plaza.
Ventanas Beach, a public beach, offers unrestricted access, setting the stage for a variety of waterfront activities.
Elefante Beach, enveloped by the estate, ensures privacy and an exclusive retreat-like environment.
Proximity to Pinuelas National Park Beach, with future plans for a pier, highlights the area’s commitment to sustainable development.

Investment and Eco-Tourism Haven:

Dominical Osa Bahía Ballena is a renowned eco-tourism destination, attracting visitors with its rich biodiversity, national parks, and vibrant marine life.
The region is a gateway to adventure, from whale watching and surfing to hiking and birdwatching, offering endless possibilities for eco-resorts or adventure tourism ventures.

Seize this unique opportunity to own a piece of Costa Rica’s natural paradise, ideal for developing a world-class resort, exclusive residential community, or a personal haven. Contact us to arrange a viewing and explore the endless possibilities of this extraordinary oceanfront estate.