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.

Spectacular 30-Acre Santa Teresa Land: A Canvas for Luxury Developments

Description

Discover the unparalleled beauty of Cumbres Del Mago, a majestic 12-hectare (approximately 30-acre) sanctuary located in the vibrant heart of Santa Teresa, Costa Rica. This prime piece of land for sale offers developers and visionaries the perfect setting to bring their dreams to life, surrounded by the untouched beauty of Costa Rica’s famed landscapes. With its expansive vistas, gentle terrain, and strategic location, Cumbres Del Mago is the ultimate destination for an upscale hotel, opulent residences, or a serene wellness retreat.

Property Highlights:

Expansive 12-Hectare Estate: Generous space for a variety of development options, including luxury accommodations and private estates.
Breathtaking Panoramic Views: Capture the essence of Costa Rica’s lush beauty and tranquil ambiance, providing a picturesque setting for guests and residents.
Prime Location for Accessibility and Privacy: Easy access through two entrances ensures seamless connectivity to Santa Teresa and Cobano, blending exclusivity with convenience.
Ready for Development: Favorable topography with flat areas and accessible mountain peak simplifies construction efforts, setting the stage for an efficient development process.
Diverse Development Potential: A prime location for a luxury hotel, upscale residential community, or an exclusive wellness sanctuary, meeting the rising demand for sustainable and secluded luxury destinations.

Exploring Santa Teresa:

Santa Teresa, a jewel on the Nicoya Peninsula, is renowned for its pristine beaches, world-class surf spots, and a laid-back lifestyle that captivates travelers and residents alike. This burgeoning destination has seen a surge in demand for high-end accommodations and residential options, making Cumbres Del Mago an investment ripe with opportunity. The region’s rich biodiversity, coupled with a commitment to environmental preservation, offers a unique proposition for eco-conscious developments that seek to harmonize with nature’s splendor.

Your Invitation to Innovate:

Cumbres Del Mago represents more than just land; it’s an invitation to create a landmark development that embodies the essence of luxury, sustainability, and innovation. Envision establishing a destination that not only enhances the landscape but also offers an unparalleled experience to those who visit or call it home.

Join us at Bernard Realty to explore this extraordinary opportunity further. Contact us today to discuss how Cumbres Del Mago can be the canvas for your next visionary project. Let’s transform this breathtaking property into a beacon of luxury and tranquility in the heart of Costa Rica’s paradise.

Your journey to creating a legacy in Santa Teresa begins with Cumbres Del Mago. Reach out now and take the first step towards realizing your vision in one of the world’s most sought-after destinations.