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.

Walking Distance to the Beach Ocean View Residence

Description

Discover the epitome of luxury and tranquility at Hermosa Montaña, an exquisite estate nestled within the enchanting realm of Playa Hermosa, Costa Rica. This majestic property spans across three sprawling lots, ensuring unparalleled privacy and expansive space in the country’s most prestigious region. As you enter Hermosa Montaña, allow the fusion of tropical allure and Mediterranean sophistication to captivate your senses.

Boasting seven opulent bedrooms and eight and a half lavish bathrooms, Hermosa Montaña is meticulously crafted to cater to your every desire. It serves as the perfect setting for grand celebrations, memorable family gatherings, or serene moments of solitude. The estate’s diverse living spaces, each with its own distinctive charm, include a grand living area that seamlessly opens to a state-of-the-art gourmet kitchen, cozy mini-apartments for intimate living, and a secluded one-bedroom casita, offering additional privacy away from the main residence.

The outdoor experience at Hermosa Montaña is nothing short of spectacular, featuring a mesmerizing pool that could grace the cover of any prestigious lifestyle publication. Immerse yourself in the warmth of the Costa Rican sun, amidst lush landscapes and awe-inspiring ocean vistas. The estate also boasts two spacious garages, providing ample storage for beach essentials and recreational equipment to enrich your adventure-filled days.

Hermosa Montaña’s exceptional location is merely a stone’s throw away from the pristine beaches of Playa Hermosa. This rapidly evolving area, soon to be graced by world-renowned developments like the Waldorf Astoria, One&Only, and Ritz Carlton, is solidifying its status as a haven for the discerning elite.

Whether you’re envisioning a permanent haven, a luxurious getaway, or a lucrative investment, Hermosa Montaña is a rare gem that epitomizes the pinnacle of opulent living in Costa Rica. Seize this extraordinary opportunity to immerse yourself in the elegance and peacefulness of Hermosa Montaña – where your tropical paradise dream becomes reality.

Contact us today to schedule your exclusive tour of Hermosa Montaña and step into the life you’ve always dreamed of.