Costa Rica Real Estate Blog

Henry Kaufman the big kahuna of real estate has been in the news in the past month or so about his plans for some major investments in Costa Rica.

Many real estate brokers in Costa Rica have been licking their lips at the thought of him heavily investing in Costa Rica and it looks like the wolves are ready to come out and play.

His first project is a 60 million dollar senior living project which will greatly enhance the marketibility of living in Costa Rica.

We wish him good luck and hope that he will use our services

Recently in Costa Rica, Sala IV (the constitutional court)  revoked Cahuita and Puerto Viejo of their city status due to these towns using the city status as a way to sidestep the maritime zone laws of Costa Rica.

I am mentioning this as a buyer beware type of announcement in Costa Rica.  Often, real estate buyers in Costa Rica are dupe into thinking that they can purchase beachside property in Costa Rica at a bargain price.

Even though it is possible if you are a Costa Rican, the laws are quite strict since technically all land countrywide within 50 meters of high tide is for public use only and all land 150 meters that is further inland belongs to the Costa Rican government.

The only exception is if you are in city because cities are exempt from that law.  However, it does not mean that a foreigner can just purchase the land that is within 50 meters of the ocean at high tide.  Only Costa Rican can do so.  The only way to get around it is if you have a Costa Rican as a partner and then you can own the land.

So next time a real estate agency tells you that its okay for you to purchase prime beachside real estate property be very careful…

One thing that has been on mind of many residents in Limón Costa Rica  is whether the price of their real estate property will rise if the Asamblea legislativa approves the $72.5 million to give Limón Centro a facelift.

The proposed facelift for Limón is to improve the quality of Limón to make it more attractive to tourists and perhaps even allow a concession to private contractors to run and improve the docks.

If the loan is approved, many real estate speculators in Costa Rica agree that there is a large possibility that property prices could increase due to to many factors such as:

1. More tourist
2. More people would see Limón as a community to live in
3. Cleaner and renovation means higher value in property
4. Increase business for the docks

Soome speculators think that right now is a little too premature to invest in Limón property but if the loan is approved, it would be a great investment that would pay off in 5 to 10 years.

If you are interested in purchasing commerical property in Costa Rica visit our Costa Rica Real Estate Brokers

This genuinely 1.25 million dollar plus property/home can be owned for $895,000. due to a family circumstance. This property is simply the best value that we’ve seen in a very long time.

Convenient to the large modern multiplaza mall, price mart, Cima hospital and The Forum commercial park. Hard to describe this property with words.

Simply, must see this 8,000 sq. ft. (738 sq, mtrs.) mansion/view home. Has it all: Finished with granite, marble, travertine, other stone, precious woods plus much more. Two car garage with large brick circular driveway, 5 bedrooms (6 possibly) 5 and a half baths with jacuzzi tub and separate shower in master bath.

Library/study/office, entertainment room all with views. Kitchen has all new G.E. stainless steel upgrade appliances including commercial grade gas cook top (has electric outlet for option) with grill and hood.

Has new $12,000. (6 person) jacuzzi “Hot Springs Spa” from California on huge covered balcony off master bedroom with spectacular panoramic view of the central valley day or night. Magnificent views from almost every location in this house.

Truly brings the outdoors indoors. Also has a satellite dish for all channels and cable networks from the U.S. and other countries. Definitely should and must see this property before deciding on ownership in another property in this price range. House across the street just sold for 2.2 million dollars. House is scheduled to be complete by Dec. 20, 2008. See it now! Lot size: 1,268 sq. m. Bedroom: 5/6 Bathroom: 5 and 1 Half Bathroom Property Size: 13, 648.63 square feet Special Features: Jacuzzi for 6 People

For more information go to TicoRealty Santa Ana Property.