If There’s So Much Water, Why is There No Water?

I’m writing this in February, a very dry month in Costa Rica. It’s “summer” here, which is what
they call December through April because there is so little rain and the temperatures are a bit
higher.

For the rest of the year, there is rain. During a typical cycle, rains start in April and are pretty
tame until August. They usually get themselves organized later in the day, rinse off all the dust,
bring the wildlife to life.

From September through November, rains are the main events. The whole world gushes under
a daily deluge. Thunder and lighting provide celestial spectacles. Creeks and rivers rise, springs
spring, trickles turn into waterfalls, and frogs all think they’ve died and jumped to paradise!
According to Karl Kahler, writing in the Tico Times on October 3, 2015, if you total it all up,
“Costa Rica receives enough rain to supply an average of 22,000 gallons to each of its 5.1
million inhabitants every day. That’s a lot of water — enough to supply every person on the
planet with 15 gallons of water a day, year-round.”
So why is water such a big deal? Because the collection and distribution of the water has to be
managed, or it all ends up in the ocean where it doesn’t do you much good when you want to
brush your teeth at night.

For many years the laws have stated that for residential purposes, it’s not enough to just have
water. It has to be “authorized” water. There are only three sources of authorized water: 1. The
federal government’s AyA* water system, available mostly in cities and towns; 2. A registered
neighborhood or community ASADA** water system, available in many rural communities; 3. A
legally obtained concession allowing you to use a spring, creek, well, or river for your water
source.
The law has been that without one of those three sources of water, you cannot get a building
permit. Unfortunately, this law hasn’t been enforced with any regularity and many building
permits were granted without authorized water. Many people bought land with the
expectation that water wouldn’t be an issue when the time came to build.

Oooops. In the past few years, the first one municipality, then another, then another began to crack
down and enforce the law. They began to demand documentation before issuing a permit.
Imagine the irony: This has left many land owners huddled under big umbrellas by roaring
creeks in gushing rains unable to sell their land or build because they have no authorized water.
There is a lot more that could be said about this. It remains to be seen how it will all get
resolved, because many people are affected: owners, attorneys who specialize in real estate,

municipalities that lose revenue from building permits, architects, contractors, and of course
real estate agents.
In the meantime, be aware of the issue. If you are looking at buying undeveloped land, always
ask, “What about the water situation?” If the answer is that the property has water, ask for
documentation before you make an offer, because having water isn’t the same thing as having
water rights, right?
If the answer is that the water authorization is in the process, be skeptical about promises
regarding the timing. It can take two years to get a concession, and sometimes more to hook up
to an existing system if the property you are looking at wasn’t included as part of the system.
The one answer you should never accept is, “Don’t worry about it; it will all work out.” That was
true for many years, but it is no longer a good answer. No trustworthy agent these days will
encourage you to move forward on the basis of “thoughts and prayers” when it comes to water
rights.

In the meantime, consider coming to see Costa Rica during the heavy rainy season,
euphemistically referred to here as “green season” as opposed to “the season when sometimes
you can’t tell if that’s rain or if someone is emptying their pool on your head.”
We who live here love the rains. So do the flora and fauna, and so will you.
*AyA is short for Instituto Costarricense de Acueductos y Alcantarillados, roughly meaning “Costa Rican Institute for water
delivery and sewers.”
**ASADA is short for Asociaciones Administradoras de Los Sistemas de Acueductos y Alcantarillados, roughly translated as
“administrative associations for water delivery and sewers.”

-By Ron Snell.

Where on Earth Does the Sun Set?

-By Ron Snell

I just finished showing some clients a few beautiful luxury homes with stellar views of the
Pacific Ocean. Those were Wow! moments, soul filling in the literal sense where you suddenly
realize you haven’t been breathing normally.

Always when looking at that view, the question comes up: “So where does the sun actually
set?” Because the only thing more beautiful than the ocean in all of its moods is a blazing
sunset where you can watch a glowing red ball sizzle right into the water way out there on the
horizon, and you can picture a long, narrow burning path reflected across the water coming
right to your feet, and the clouds flash brilliant colors, and you wear out your Instagram or
Facebook followers with picture after picture of it all.

Back to reality. Astronomical reality. Where, really, on that beautiful horizon, does the sun set?
How much of the year can you actually watch the sun sink into the ocean as it wraps up the
day? Can you believe the property description, your agent, or the homeowner?

Three things complicate the answer:

First, our coastline doesn’t generally run north and south. If you are standing square to the
coastline and looking at the Pacific Ocean, you are tempted to think you are looking west, and
since the sun “sets in the west, well….” Usually, you aren’t. You’re looking southwest, and the
sun will mostly set to your right.

Second, the sunsets travel a lot between December 21, when they are the farthest left (south)
they will go, and June 21, when they are the farthest right (north) they will go. I won’t explain
the astronomy behind this, but you can Google it and spend a fascinating hour refreshing your
memory about things you were supposed to learn in earth science about 50 years ago.

Third, it’s highly unlikely that your agent has ever actually stood on the property both June 21 st
and December 21 st and marked where exactly the sun sets. Instead, it is highly likely that the
agent has heard the owner say, “You can watch the sunsets over the ocean” and has
immediately driven back to the office to include that in the property description.

So what are you to do? How do you know how often you’re going to see sunsets over the ocean
instead of behind the trees or an inconvenient mountain? It’s pretty easy, really.

Point a phone app or a compass due west. Because we are about 9 degrees north of the
equator, on December 21 st the sun will set about 23 degrees to the left (south) of west. On June
21 st it will set about 23 degrees to the right (north) of west.

No amount of fast talking by your agent will change that, so trust the science and set your
expectations. Keep in mind that from September to early December it isn’t going to matter a
whole lot anyway, because it is highly likely that there will be heavy overcast or rain that time
of day. So focus on late December through June. That’s when you are most likely to see the
sunsets.

If you are the sort of person who enjoys this stuff, you would like the app I found for my phone:
Sun Surveyor Lite. It’s free and shows you where the sun will set on any day of the year, among
many other things like times for sunrise and sunset.

By the way, if you’re a photographer, whether amateur or less amateur, this little app has some
very practical value because you can set up shots based on where the sun will actually be,
instead of where you wish it were going to be, any time of day.
Check it out.

5 Key Attributes That Lead To Success As A Real Estate Investor

5 Key Attributes That Lead To Success As A Real Estate
Investor:

There are more than 5 key attributes that lead to success as a real estate investor;
however, we feel that these aspects are important and vital to any investor. What do
you think is important when buying real estate? Good credit? Having the money to
pay it off? Of course, those are factors that determine whether you are an investor or
a buyer who cannot really afford to do what he or she is doing. Let’s take a look at
the 5 key attributes that lead to success as a real estate investor:

1.   A Worthy Rental Strategy

Every good decision starts with a plan or strategy, especially when it
comes to buying a property and renting it out. You need to determine
whether or not you are going to rent out your property the traditional
way, or Airbnb style. Which is more convenient for you and is Airbnb
too precarious? The location of your property will play a part in your
rental strategy as well. Which option will be more profitable and easy
to manage?

2.   Location, Location, Location

The location of your property will play a huge part in the success of
your rental income. Being located in a high touristic area will likely
result in more rental income. You can always renovate your property,
but you cannot change the location of it. Supply and demand will play
a large role in finding the right location. You want to be in a place with
lower supply and higher demand. The location usually determines
how much rent you can charge.

3.   Cash Flow

Being an investor usually means you have the capital to invest. You
want to make sure you have enough cash flow coming in to make a
responsible decision and be able to maintain your properties. Cash
flow is profit coming from your rental property. This will determine
your ROI (return on investment). The more cash flow, the more
equity you are obtaining.

4.   Monetary Consideration

You need to understand the monetary considerations that come with
owning a rental property. A successful investor will analyze the charts
and determine the best way to go about financing. The reason a real
estate investor is successful is because they take time to go over every
possible option and outcome to figure out if they are making an
accurate decision.

5.   A Sense of Property Management

It’s easy to buy a property but knowing how to manage one is
completely different. You need to have the time, money, and skills to
manage your income property. If something breaks down, you as the
owner are responsible to fix the problem in a timely manner.

Therefore, you need the money to do so and the skills to make it
happen or hire it done. Since you are a real estate investor, you need
to have the skills necessary to advertise your property and find
appropriate renters. Look for someone who has paid his or her rent
on time and will not damage the property.

Owner Financing In Costa Rica

Owner Financing In Costa Rica:

Owner financing is when the seller of the property finances the property with the
buyer, or entity acquiring it. When going the route of owner financing, you eliminate
bank fees and associated fees that come with buying a property in Costa Rica,
especially if you are a foreigner. If you have a good handle on real estate in Costa
Rica (like we do here at Dominical Real Estate) you will know the ins and outs and
the advantages of owner financing. During slow economic periods, owner financing
is strongly encouraged. Before experiencing the market slump, many Americans
paid cash for their properties. Since the bank charges much higher fees when
financing, many buyers opt for owner financing in Costa Rica because the fees are
substantially less.

Owner financing is a great option for buyers because they have the utmost
advantage in regards to the transaction. When looking at the terms and conditions
of the contract and finance agreement, the terms are more flexible. As the buyer, you
will pay the seller directly. This is a great option for buyers who have more liquidity.
Most owner financing deals are assisted by a promissory note that includes the
terms and interest rates, as well as the penalties of nonpayment.

Owner Financing in Costa Rica enables investors to buy, which might be the only
hope for some people to own real estate in Costa Rica. You are recommended to pay
off your seller within a 5-year timeframe to be fair. Many financers offer a longer
pay period in order to meet the needs of the buyer and he or she may be willing to
extend the period if the buyer has been consistent with their payments

Here at Dominical Real Estate, we offer owner financing on some of our properties
because we want to make your experience as easy and effortless as possible. We
believe in trust and our goal is to help people make the best investment and find the
best possible property here in Costa Rica for you to enjoy! Whether you choose
owner financing or you want to do everything through the bank that is up to you.
The option is out there and the advantages are in your favor.

One thing to note about owner financing is that the room for negotiating on the
property price is very small to obsolete. This is because the seller is agreeing to hold
your mortgage. The down payment all depends on the owner who is providing the
finances to you. Most owners will require a down payment of 50% of the property’s
value. Then the seller is agreeing to finance the remaining 50%. The average interest
rate is around 7% give or take.

If owner financing is not something you would consider, there are a few other
options we can speak with you about. We are here to find you a property in Costa
Rica that meets all your wants and needs. Don’t hesitate to contact us, as we are
always willing to share our knowledge about real estate in Costa Rica!

The Process Of Purchasing Real Estate In Costa Rica

The Process Of Purchasing Real Estate In Costa Rica

Can a foreigner obtain real estate in Costa Rica? Of course they can, and every foreigner has the same rights as a citizen in Costa Rica, excluding voting rights.

Since foreigners have the same rights as citizens when it comes to buying property; the government has made the process very simple. There are a few key factors you need to know in terms of where a foreigner can purchase real estate, and you will learn all about that in this article.

It is important to know that a foreigner cannot own 100% of the property if it is located in a Maritime Zone. Titled property is any piece of land that is beyond 200 meters from high tide. The first 50 meters from the high tide line, is public property that is protected. Within 150 meters adjacent to the high tide line- this is known as the Maritime Zone and the property can be leased from the government.  

Real Estate Attorney:

It’s essential to hire a real estate attorney and someone who is bilingual if you don’t speak Spanish. Hiring an attorney with experience will ensure no problems will arise with the property you want to purchase. They will look over everything and make sure the property is in good standing.   

A Good Real Estate Agent:

It doesn’t matter if you are buying property in Costa Rica or anywhere in the world; it’s always essential to use a good/reliable real estate agent. Choose a real estate agent who has been in the business for a few years and who is familiar with the area you want to invest in. Make sure they match all your requirements and they postulate outstanding service. It’s always good to stick with one agent and get to know them on a personal level. This will make the buying process that much easier.  If you are speaking to several different agents, you will get confused and you won’t have that hands-on experience that one agent is willing to provide you. With Dominical Real Estate, we ensure you have a positive experience from the first time we speak to you- to after you are settled into your property. Our agents go above and beyond to assist you with every possible need. We are only a call, text, or email away from finding you the property of your dreams.

Making An Offer:

You will want your real estate agent to write up an offer and deliver it to the seller instead of making a verbal offer. It is always better to have this information written down on paper. After the offer is accepted, your agent will have your real estate lawyer draft up a formal purchase of sale agreement. When both parties sign the agreement, you will be required to send 10% of the property price into an escrow account that you will need to set up. Once the 10% deposit is deposited into the escrow account- the agreement becomes lawful.

Closing:

Depending on whether you will be in Costa Rica during this process if for some reason you will not be- you should leave the power with your attorney, or real estate agent. They will be able to obtain the real estate property in the name that you approve of. You will need to have your property registered in your name or a corporation. Remember to always look at all the fees associated with your property. From utilities to condo fees, corporation tax, property tax, etc.

If you have any other questions regarding the process of purchasing real estate in Costa Rica, please don’t hesitate to reach out to me and I would be happy to answer any questions. I want to make this process as easy as possible for you and ensure you have a positive buying or selling experience with Dominical Real Estate! ☺

Why Buying Property In Costa Rica In 2019 Is A Good Investment? 

Why Buying Property In Costa Rica In 2019 Is A Good Investment? 

 

Let’s face it- Costa Ricans are some of the happiest people in the world, with Costa Rica being ranked as one of the happiest countries in the biosphere. Why wouldn’t someone want to buy property in Costa Rica with a classification like that?

Buying property anywhere in the world is typically a safe investment; nonetheless you want to look at places that will exploit your income in the long run. Deciding when to buy real estate and where, are usually the two big questions. When it comes to buying property in a foreign country for the first time, you want to take many factors into consideration and make sure you are aware of the process. Costa Rica is currently a buyers market and has been for a few years. There are many different places on the market, which allows you to be picky and find the perfect place. With the abundance of real estate on the market, come more affordable prices that make investing in real estate more cost efficient for foreigners. It’s always important to take your time and not make any decisions based on impulsiveness. A lot of people come to Costa Rica for the first time and distinguish they will be back for good. Take some time and experience the country a bit, once you see how scenic and tranquil it is, than make your purchase.

Let’s take a look at the different reasons as to why Costa Rica is a good investment for the upcoming year:

  • Minimal taxes
  • Growing tourism
  • Buyers market
  • A safe country
  • The market is down
  • Permanent Residency
  • The weather
  • The diversity in the country

Costa Rica is known for their minimal land tax. You have to pay 0.25% of the registered property value in your municipality. You have the option to pay this on a quarterly basis or one payment for the year. You will get a small tax break if you pay it all at once. In terms of the growing tourism here in Costa Rica, many people are coming to Costa Rica because of safety reasons and all the places to explore around the country. Costa Rica is an extremely safe country to travel around and to live and many female expats travel the whole country by themselves.  In the past 10 years, the tourism industry in Costa Rica has grown at a steady rate of approximately 8% each year. Tourism in the country generates about 13% of employment.

With the crash that happened in the real estate market in 2008, the market is still recovering. With that being said, prices of real estate are down, which makes this the perfect buying opportunity for anyone who wants to own a property or income property in Costa Rica. With the tourism rate growing at a fast 8% each year, the market will eventually stabilize and real estate will rise. The government is working to cultivate new areas of the country and continue with new highway development. A new international airport is suppose to develop in Orotina in 2025, which will compete with the hub of Central America in Panama.

Between the beautiful weather year around and the diversified landscapes spread out across the country, what better reason to invest in Costa Rica? There are beach properties close to the turtles and fishing ports, and there are properties in the rainforest, which are surrounded by monkeys and sloths. You have the choice to pick where you want to invest in Costa Rica. Also, after an investor invests over $200,000 they are granted temporary residency. Then they would wait three years and could opt for permanent residency or citizenship.

For any real estate questions pertaining to properties in Costa Rica, don’t hesitate to reach out to me, as I would be happy to assist you through out this journey! ☺

Guide to Importing a Car and Other Household Items into Costa Rica

Guide to Importing a Car and Other Household Items into Costa Rica – Written by Jason Mueller

frog

It’s understandable why anyone would want to move to Costa Rica. The country has a majestic landscape, exciting outdoor activities, low cost of living, favorable foreigner/expatriate policies and ample working opportunities. Costa Rica is however known for high import duties. Living in Costa Rica as a foreigner is easy. Moving is the main hurdle especially if you want to move with your car and personal belongings such as household items. To move seamlessly, there are several things you must know/understand.

Laws and regulations
Costa Rica’s Customs Law has several articles relating to the importation of used goods/items. Duty varies depending on several factors i.e. when and how you import the goods. Here’s an important criteria to consider.
Your household items are exempt from duty if; you are an adult who is importing the goods for personal use (not for sale). The items must also be used (at least 6 months old) and the importer must enter Costa Rica within three months (90 days) prior to custom clearance. If your shipment meets the above criteria, your household items will be exempt of duty. If you have new items, duty is based on CIF (Cost, Insurance, and Freight) as well as the value of those items. It is worth noting it is cheaper to ship more items.

Shipping a vehicle
Shipping a vehicle to Costa Rica is costly (costs more than shipping household items). Total costs vary depending on factors such as the; tax, size of the car, age of the car, how the car is shipped (i.e., in a container). It’s worth noting that taxation is charged against the original price, not the age or condition. The average retail value of the car is considered. The import value of a car can be established in the Ministry of Treasury Valuation Database:    http://www.hacienda.go.cr/autohacienda/AutoValor.aspx .
Total cost of importing a car to Costa Rica is highest for older car models. Cars manufactured in 1999 or earlier pay approximately 80%. Cars manufactured in 2000 to 2004 pay approximately 65% while those manufactured earlier i.e. 2004 and earlier pay approximately 55%.
International moving companies such as A-1 Auto Transport Inc. can assist with moving household goods and vehicles to Costa Rica. For more information visit  https://www.a1autotransport.com/moving-to-costa-rica/ .

Important considerations

Essentials

After considering the cost of shipping your car and household items to Costa Rica, you may become reluctant. However, most foreign residents, as well as Costa Ricans, prefer imported goods from countries like the U.S. because they are of better quality. If you value quality, you may want to go ahead and import. If you don’t mind living without luxuries, you can consider living in furnished apartments or consider what you need locally. Remember, what you need to import solely depends on your own preferences and budget. However, don’t ship what you can get cheaply or easily in Costa Rica. You should also make an effort to declutter before shipping. Also, avoid bulky items to avoid excessive shipping and taxation costs. It may also be smart to talk to foreign residents in advance just to get firsthand insights.

Port proximity

You should also consider shipping from the nearest port. If you live in the U.S. for instance, you should ship your car and household items from Miami, the U.S. port that is nearest to Costa Rica to enjoy lower shipping costs.

Tax waivers on household items

Foreign residents in Costa Rica are allowed to import merchandise worth $500 tax-free after every 6-months. This waiver is in addition to regular traveler’s luggage. You can take advantage of this waiver to import the items you need overtime. However, you must not exceed the $500 limit to avoid additional charges and customs restrictions.

Container shipping

It is very expensive to import large items by air. For items such as refrigerators, washing machines, etc. that exceed 500 pounds, consider shipping such items in a large container. You can choose a large or small container (40-foot or 20-foot). It costs approximately $1,500 including tax to ship items to Costa Rica using a 20-foot container. Large 40-foot containers cost approximately $2,000.

You need a customs agent to get all your household items and belongings (such as your car) out of customs seamlessly. You can find a reputable customs agent by conducting a simple search online or asking for referrals.

Required documents

Documents required to clear a shipment through customs include; a copy of your passport (the main page) plus the page containing last entry. This is required for your shipment to be treated as personal effects given customs must clear personal items within 90 days of a person’s arrival. You also need a packing inventory showing the value of the declared items. If the items are imported via air, you need an original airway bill. Freight forwarders send airway bills with shipments. Airline agents usually give you this document after you pay Terminal handling fees.

The above information summarizes the process of importing a car and other household items into Costa Rica. Since it is a lengthy and tedious process, most people prefer paying custom brokers/agents to handle everything on their behalf. It may cost more; however, you will save valuable time and effort.
Best of luck and pura vida!

JASON MUELLER
A Canadian expat, Jason Muller is currently living in Costa Rica and operating a small business. Jason enjoys travelling to many exotic locations and enjoyed meeting new people and telling related stories. Life is short, live your dream
http://www.jacoropes.com/
https://www.facebook.com/jacoropes/
http://twitter.com/@JacoRopes

 

Eco Friendly Costa Rica

Written by Jason Mueller

ecofriendly

Costa Rica is the ideal country for anyone to relocate to that is conscious about their footprint on mother earth. Costa Rica is the perfect place for anyone looking to retire and they can even do it on a budget when saving money living a greener lifestyle. This pristine piece of paradise is very popular for tourism coming to see the abundance of wildlife and beauty within. The countries residents and government are very conscious about keeping Costa Rica as beautiful as it was before tourism became the number one income earner for the country. You must learn how to become more sustainable before you step foot in this country in order to pay your full respect.

This is a peaceful country where you will rarely find a negative confrontation. In fact, Costa Rica renounced their army in in 1949 making it one of 15 countries with no army. The prior military budget was put towards culture, health and education. The most popular words that come from every one’s mouth is “pura vida” This translates to pure life and seems to be a way of life for laid back locales.

Costa Rica is rich in bio-diversity from coast to coast. The country is incredibly small with only 19,730 square miles. That equals .03% of the surface of the globe. However, the country is proud to say that it is home to 5% of the total biodiversity in the world.

Over 25% of the countries land is protected by national parks and conservation areas. The government even pays landowners to conserve their own private land, this is referred to as “selling the air, yes you can even make extra money while doing your part to save the planet in Costa Rica.

Roughly 50% of Costa Rica is forested and 7.5% of that is classified as primary forest. Primary forest is the most bio-diverse forest known or unknown to man whichever way you look at it. Primary forest means that there are no clear indications of human activities and the ecological processes are left undisturbed.

Renewable Energy

When you turn on the lights or use any sort of electricity in Costa Rica you can feel a little better about your decision knowing that the country runs nearly 100% on renewable energy. In 2016 the country ran for more than two months straight on 100% renewable energy. They accomplished this task twice. That means the country ran for 150 days on 100% renewable energy. One of the biggest goals for the country is to be completely running on renewable energy in the near future.

Costa Rica is giving huge incentives for those looking to go green and import an EV. Import custom duty taxes of 52.29% on new vehicles and 79% for vehicles 6 years or older make vehicles super expensive in Costa Rica and fully electric vehicles under $30,000 are 100% exempt from customs taxes. Also, there is a 10-year exemption for EV parts.

ECO Tours

The country does capitalize on the natural ecology for tourism that is for sure. There is an abundance of eco-tours to choose from. The most popular eco-tours are the nature tours such as monkey tours, tree top tours, crocodile tours, and turtle tours. Many of the beaches are protected areas for turtles to nestle, only certain guided tours are allowed to explore these beaches. It is highly recommended that a guide accompanies you into the wild because there is so much that you would miss if you were all alone.

There are 9 volcanoes in Costa Rica and all of them are a sight to see. The most popular and spectacular ones are Poas, Irazu, and Arenal. Turrialba has recently been active in 2016 and the beginning of 2017 canceling some flights in and out of the San Jose International Airport.

Manuel Antonio National Park is the most visited park in the country and is only 45 KM from Dominical. There are 184 species of birds in the park and 109 species of mammals. Monkeys are the main attraction and you are certain to spot one when visiting the park. The trails within the park are in great condition offering an easy path for elders to enjoy the scenery. The white sand beaches within the park are the perfect place to relax for the day.

One of the best ways to really appreciate the land is to join a tour that teaches you all about the agriculture in Costa Rica. There is an organic pineapple tour and organic coffee tours. Saint Michaels Organic Farm offers free education for sustainable farming, they also welcome volunteers looking for a free place to stay, look for them on WWOOF.

Adventure meets eco-tour with the affluence of zip line canopy tours in the country. Many people don’t know it but zip lining was first invented in Costa Rica. Biologists first used this method in Costa Rica to access previous unreachable and unexplored rainforests.

JASON MUELLER
A Canadian expat, Jason Muller is currently living in Costa Rica and operating a small business. Jason enjoys travelling to many exotic locations and enjoyed meeting new people and telling related stories. Life is short, live your dream
http://www.jacoropes.com/
https://www.facebook.com/jacoropes/
http://twitter.com/@JacoRopes

Brand New Home in Pavones Near the Beach

New to the market in Pavones is this new 3 bedroom, 2 bathroom home on a titled lot walking distance to the beach. Listen to the sound of the waves from your bedroom! This beautiful brand new home near the beach features high ceilings, lots of windows, a large covered outdoor living area, and a modern style. Its solid construction techniques, secure bodega, and integrated security system make it a secure choice as well. And priced at only $189,500, this is a deal that can’t be beat!PAV008-0

Pavones is located in the southwestern portion of Costa Rica, about three hours south of Dominical. It’s a magical place, with pristine, deserted black sand beaches, an abundance of scarlet macaws, and waves out of every surfer’s dreams. Pavones is on the Golfo Dulce, the “sweet gulf”, where marine life abounds and it is not uncommon to see devil rays, dolphins and even whales. In the small town of Pavones, you will find a few restaurants, a couple grocery stores, a soccer field, and a world-class left point break. This brand new home is about eightminutes by car from the town of Pavones, halfway between Pavones and the fishing village Pilon. The house is on titled land only 400 meters from a beautiful, empty beach.

This brand new home near the beach has a clean, efficient design. It is full of windows for lots of breeze and light. The high ceilings and wood-style tile floors give the home a modern feel. The heart of the house is a combined kitchen and living room, which connects through a sliding glassdoor to the covered outdoor living space. The first bedroom and bathroom are located off of the kitchen. There is also a loft in this area, accessed from the living room, that would make a great third bedroom or home office. The last bedroom and bathroom are accessed by another sliding glass door from the outdoor living area, providing them with a bit of extra privacy. There is also a secure bodega with a steel door, an excellent feature for added security when you are out of town.

PAV008-4Situated on a lot of 1/8 acre, there is enough room for a garden of vegetables or flowers, or both, depending on your choice. Maybe you’d like to have a bigger garden? Or move to Costa Rica full time and enjoy fresh mangos and avocados from your backyard? If you're interested in more land, or if you’d like to get residency in Costa Rica, the sellers of this home are offering a package that might interest you. The base price of $189,500 will get you this brand new home by the beach and 1/8 acre. For an additional $30,000, you can own the titled lot adjacent to the home, and you will also receive the seller’s assistance in obtaining residency in Costa Rica as an investor (which requires at least $200,000 investment in the country). What’s better than finding your dream home and becoming a resident of Costa Rica at the same time? For only $219,500, you can own a brand new home on 1/4 acre and have your Costa Rican residency.

This brand new home near the beach is perfect for anyone who is looking for a more affordable family home, a vacation house that could also be an income-producing rental, a surfer’s retreat, or a nature-lover’s getaway. For $189,500 (or $219,500 for more land and residency), you simply won’t find another deal like this. Don’t miss this chance to own this new 3 bedroom, 2 bathroom, modern-style home in stunning Pavones, nestled into the jungle yet only 400 meters from a pristine beach, minutes away from one of the world’s best waves. Contact us now for more information and check out the listing here:

0.125 ACRES – 3 Bedroom Brand New Home Conveniently Located Close To Several World Class Point Breaks!!!

 

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Costa Rica Development Property for Sale

LoHAT070-1oking for an opportunity to to invest in land development in Costa Rica? This 24.6-acre property on the southern Pacific coast of Costa Rica is perfect. With 6 available building lots, 12.75-acres of flat land with commercial potential, and a pre-existing 2-story home with a stunning ocean view, this is a development property with tons of potential. The building sites could be developed with cabinas, a boutique hotel, a retreat center, or a family compound; the flat land could host multiple businesses; and the existing home would make a wonderful B&B. It would also be an option to sell the individual building lots, or to subdivide and sell lots from the flat portion of the property. With all of these possibilities, it is easy to see why this property is a great investment.

A gated internal road about one kilometer long leads from the Hatillo road through the flat portion of the property and continues up the hillside to access all of the lots. This internal road is in excellent condition and is paved in places. The building lots are ready to develop, with driveways, flat building sites, and power and water located on site. Most of the building lots have an ocean view; the higher lots have breathtaking sunset ocean views. All of the lots enjoy a lovely breeze as a benefit of their elevation.HAT070-29

The pre-existing home is located on a 1.25-acre lot that also hosts a second ocean-view building site. The second building site is perfect for a guest house, a rental cabina, or an owner’s home if the buyer prefers to build a custom home. In this case, the pre-existing home would make an excellent vacation rental, especially with the addition of the pool. The property also hosts numerous fruit trees including mangos and oranges.

The location of this development in Hatillo is excellent. It is easily accessible from the coastal highway in only minutes. The nearest beach is Playa Guapil, which is amazingly beautiful and almost always deserted; Playa Linda, Playa Matapalo and Playa Dominical are all also within ten minutes of the property. Hatillo has a few delicious local restaurants and small grocery stores. Larger grocery stores, including a health food store, and many restaurants can be found in nearby Dominical. Quepos and Manuel Antonio National Park are only thirty minutes north of the property. Here you will find an airport, a hospital, gourmet restaurants, and many other amenities.

This development property in Costa Rica is an excellent opportunity for investment in Costa Rica. Options for HAT070-36profiting from the property abound, from simply selling lots to developing a retreat center, rental cabinas, or a residential community. There is also excellent commercial potential on the flat portion of the property with 100 meters of road frontage. This entire property, including stunning ocean-view building lots, a pre-existing home, and over 12 acres of flat land with commercial potential, can be yours for only $1.1 million. For more information, contact Dominical Real Estate

here: http://www.costaricarealestate.net/properties/24-6-acres-turn-key-development-with-7-ocean-view-lots-4-bedroom-ocean-view-home/

Portions of the property are also available for purchase separately:

12.75 acres of flat land with road frontage and commercial potential,

$350,000: http://www.costaricarealestate.net/properties/12-75- acres-flat- usable-pasture- land-with-paved- road-frontage- in-town- of-hatillo/

4-bedroom ocean view home with separate building site, $325,000:http://www.costaricarealestate.net/properties/1-25- acres-4- bedroom-2- story-ocean- view-house-plus-a- large-second- building-site/#

 

Sunset ocean view building lots, $125,000:http://www.costaricarealestate.net/properties/1-25- acres-expansive- ocean-view- property-with-large-building- site-in- gated-community/

 

 

Ocean view building lots, $89,500: http://www.costaricarealestate.net/properties/1-47-acres-ocean- view-property- with-great- access-in- gated-community- at-a- great-price/

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