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.

Twin Houses Beachfront Luxury Property

Description

In the bustling real estate sphere, where clichés abound, true gems emerge that defy comparison. Such is the case with this unparalleled beachfront marvel located in the vibrant heart of Manuel Antonio. Presenting a rare opportunity, this offering combines natural allure with architectural brilliance, creating an oasis that stands in a league of its own.

Introducing the Discovery Beach House and The Beach House: two architecturally harmonious homes born from the vision of two families. Together, they embarked on a journey to transform a prime beachfront lot into an iconic retreat. Spanning nearly one acre, this property is a testament to thoughtful landscaping and design, providing a sanctuary for local wildlife such as monkeys, sloths, vibrant birds, iguanas, and butterflies.

Each home, a beacon of successful vacation rental history, boasts private entrances, personal pools, and direct access to the beach. With three generously sized bedrooms, four bathrooms, fully equipped kitchens, and vast outdoor living spaces, relaxation and nature immersion are guaranteed. The sound of the ocean’s surf and the jungle’s melody serve as a backdrop to this serene getaway. Featuring private pools with jacuzzi tubs, these homes offer independence while allowing for a shared ownership model, perfect for families or partners seeking a unique investment.

Envisioned as a single grand estate or two separate sanctuaries, the flexibility of this property caters to larger groups, retreats, or vacation rentals, underscored by an irreplaceable location in Manuel Antonio. The beachfront setting is not only ideal for lavish weddings but is also complemented by neighboring accommodations for additional guests.

Turnkey ready and fully furnished, both homes promise immediate rental income post-purchase, a testament to their enduring appeal and strategic location. Manuel Antonio, Costa Rica’s crown jewel, offers limited direct beach access, making this property a rare find. To step from your door onto the pristine sands of Playa Espadilla is a privilege reserved for a select few. This property not only provides an acre of unparalleled beachfront living but also stands as a testament to architectural elegance and environmental harmony, making it an irreplaceable haven in Manuel Antonio.

Seize this once-in-a-lifetime opportunity to own a piece of paradise in Manuel Antonio. Contact us today to discover how you can make the dream of beachfront living a reality.