FOR SALE 2 BEDROOM | 1.5 BATHROOMS FROM $298,900USD
Your opportunity to purchase your own
Costa Rica Get Away!
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Big Daddy #8 FOR SALE $298,900 This fully furnished turnkey 2 bedroom/1.5 bathroom condo is within walking distance to the beach, restaurants, shops, a mini supermarket, coffee shop, doctors, all located in the desirable neighbourhood of Las Palmas, in Playas del Coco, Guanacaste, Costa Rica. Having approx. 900 sq. ft of interior living space, it also has its own private covered parking. The two ground floor patios and rooftop patio offer the perfect space for morning coffee, outdoor dining, hosting gatherings, watching stunning sunsets, and soaking in the coastal vibes with friends and family. It’s a place for ocean breezes and star gazing. Contact me now to seize this incredible opportunity to find your oasis in Playa del Coco.
c. 506-8472-5041 WhatsApp 905-439-5678 e. joanne.fox3699@gmail.com
8 Best Things to Do in Pla 1. Beach Activities Since Bahia Coco (Coco Bay) features calm waters, it is perfect for families with children of all ages. The arching crescent beach, at just under two miles, is favorable for sunbathing and swimming. A number of small tour companies in town, and around the beach, offer activities such as snorkeling, kayaking, or SUP paddle boarding rentals—all excellent ways to enjoy the smaller waves and to keep fit.
2. Sunset Sail One of the top activities in Coco is an afternoon cruise on a sailboat or catamaran. For one all-inclusive price you can enjoy an afternoon sailing experience, with activities such as snorkeling and swimming. Food and drinks are provided! There are several sailboats in Coco, a great one is Sea Bird Sailing Excursions, and Marlin Del Rey for the big party boat atmosphere. Best to make reservations in advance as these are very popular with tourists.
3. Scuba Diving the Catalina Islands When divers from around the world talk about diving in Costa Rica, one of the tops spots on the list is unquestionably the Catalina Islands. Located just 20 minutes off the coast from Coco, dive tour boats can reach these sites in less than an hour. La Pared (The Wall) is a channel which is best for glimpsing white-tipped reef sharks, eagle ray, and cow ray schools. La Punta (The Point) is a relaxing drift dive with giant stingrays as well as a plethora of other sea life sure to delight any diver. Currents can be strong and some dives are fairly deep (up to 110 feet) so it is not recommended for beginners.
4. In-Shore or Off-Shore Fishing Since Coco has long been a fishing village, to this day the catches here are among the best. You can take a boat just 20 minutes in-shore to the Papagayo Bay which is one of the most popular and affordable ways to fish here. Or there are many companies that offer deep sea fishing boats off-shore to bring in marlins, mahi mahi, tuna, snapper, sailfish, and more.
ayas del Coco, Costa Rica 5. Sample Local Craft Beers Slow to jump on the craft beer bandwagon in Costa Rica, expats and locals have finally begun crafting local brews and have gained some market share over the last decade. Angry Goats is one of the first microbreweries in Guanacaste and happens to be located in Coco. Opened in 2015, the brewery ferments a number of beers from pale ales to IPA’s and hefeweizens to porters. It is sold in a number of restaurants around Guanacaste. You can visit their tasting room in Coco from 1 p.m.-2 a.m. Within an hour of Coco, you will find a multitude of uniquely Costa Rican experiences….
6. Diamante Eco Adventure Park If you are limited on time and want to spend a day immersing yourself with Costa Rica 101, you will find Diamante just 25 minutes southwest from Coco. Here you can experience most of what Costa Rica offers in just one stop. Ziplining on the only dual ocean-view zipline nearly a mile long, beach activities and snorkeling, and an immersive cultural experience where you learn how rural farmers producedsugar cane, coffee, and chocolate.
7. Rincónde la Vieja National Park One of Guanacaste’s natural gems is this 34,000-acre national park and the active volcano of the same name. Located approximately one hour from Coco, the hikes are relatively easy with the thrill of witnessing volcanic bubbling mud pools. Plus, the flora and fauna are incredibly diverse in this tropical part of the country. The entire surrounding area displays nature at its finest with endless activities such as horseback riding on a real working ranch, white water rafting, waterfalls, hot springs, sulfuric mud baths, and a zipline. Be sure to check with the ranger station for possible trail closures due to volcanic eruption activity.
8. Cataratas Llanos de Cortés Located in the town of Bagaces, a 20-minute drive south of Liberia off the main highway, you can enjoy a half-day trip to some of the most spectacular waterfalls in Costa Rica. From the moment you start the fairly easy 10-minute hike down, you will hear the roaring power of the waterfalls. Once you reach the bottom you will witness a spectacular 40 foot high, 49 foot wide waterfall. The falls crash into a large natural pool with a sandy beach. The water is a comfortable temperature and the shallow sand-bottom pool is fantastic for swimming. Plan to pack a picnic and spend the afternoon. There is also a small changing facility and restroom at the top.
Top Reasons to Invest in Costa Rica
1. Stable Democratic Government Costa Rica is one of Latin America’s most stable governments. It is frequently referred to as the “Switzerland of Central America,” and has enjoyed peaceful democratic policies since it abolished its army in 1948.
2. Amazing Natural Beauty Soaring mountains, active volcanoes, sublime beaches, tropical rainforest and towering waterfalls grace Costa Rica. More than 25% of the country’s land is protected by national parks, reserves and refuges.
3. Laid-Back, Pura Vida Culture Costa Ricans are known for their friendliness and hospitality toward total strangers. Gregarious and very familyoriented, Ticos (Costa Ricans) truly live a pura vida lifestyle. More than a just a national slogan, “pura vida” is a way of life: savoring life’s simple pleasures and living in harmony with one another.
4. Incredibly Low Taxes The annual property tax in Costa Rica is .25% and there is no Capital Gains Tax, making investment opportunities even more appealing. These rates are much lower than in the United States and Canada. Furthermore, only income that is generated in Costa Rica is subject to income tax and large amounts of this is considered deductible.
5. Low Cost of Living Housing, services and medical care in Costa Rica are much cheaper than in North America. Expats interested in simple living should budget $1500 or less monthly, though much depends on your lifestyle and needs.
Get the most out of your hard-earned dollars in Costa Rica, Latin America’s safest country for foreign investment. The country’s stable democratic government, comparatively low prices, and protective real estate laws make Costa Rica an ideal location for real estate purchases. Enjoy a laid-back lifestyle in a country known for its friendly locals, temperate climate and miles of gorgeous beaches. Here are our top reasons why you should consider investing in Costa Rica.
6. Zero Ownership Restrictions Foreigners enjoy the same rights as do Costa Ricans in terms of real estate ownership. All titled, fee simple properties are registered in the National Registry of Costa Rica, which help protect your ownership rights.
7. Quality, Affordable Health Care Costa Rica’s private and public hospitals offer high-quality medical care at a tiny fraction of its U.S. equivalent cost. Monthly rates begin at $20 per individual for insurance through the public health care system, while policies with private hospitals and clinics run between $50-$100/month.
8. An Educated Populace Costa Rica boasts a large middle class and a 95% literacy rate and is considered one of the most well-educated countries in Latin America. After abolishing their army in 1948, funds were poured into both education and environmental conservation.
9. Adventure Activities Costa Rica is an adventure playground, offering its residents almost every activity under the sun. Go scuba diving with sharks, canyoning down waterfalls, or hiking in one of the country’s beautiful national parks and reserves.
10. It is the Greenest, Happiest Country on the Planet Costa Rica is considered the “greenest, happiest country in the world” by the New Economic Foundation (NEF) and tops the Happy Planet Index (HPI). The criteria used includes how people rank themselves in life satisfaction, as well as other factors such as life expectancy and the ecological footprint of the country.
Fabulous weather, friendly people, low cost of living and solid investment opportunities: it’s no wonder so many people are buying real estate in Costa Rica!
Guide To Buying Property in Costa Rica: What You Need to Know For years Costa Rica has been a popular destination for expats looking to relocate, buy a second home or even an investment property. It’s easy to understand why, considering the affordable healthcare, strong expat communities, year round temperate climate, and general safety within the country. Not only is it a great place to live, it’s also a fanstatic place to vacation. While buying real estate in Costa Rica is a fairly transparent process, with the real estate market heating up again in Costa Rica, it’s helpful to understand the in’s and out’s of the buying process. While there are many things to consider, below is our guide to help outline some of the most important steps for buying your own slice of paradise in the land of Pura Vida!
Can Foreigners Buy and Own Property in Costa Rica? The good news is, yes! The great part about Costa Rica is that foreigners and locals have the same ownership rights when it comes to buying property. Foreigners can buy property on a tourist visa without ever needing to apply for residency or citizenship. Most properties have fee simple title, exactly as you find it in most of the U.S. and Canada.
7 Important Things to Property in Costa Rica Finding Your Ideal Property Unlike the United States, there is no MLS database In Costa Rica. With HRG Hardy Real Estate Group you will be in the good hands of a professional real estate agent that will explain the market and help you find the perfect home for your specific needs. It’s also always a good idea to treat yourself to a Costa Rican vacation! Book a stay at Los Sueños Resort to get a true sense of what owning here could look like.
Hiring a Real Estate Attorney Citizens, residents and non-residents alike should hire an attorney for their real estate purchases. If you don’t speak fluent Spanish, it’s recommended that you hire a reputable bilingual real estate attorney who is also a Costa Rican public notary, so you are well represented. Only a public notary can record a purchase in the National Registry which is one of the most important final steps in the purchase process.
The Purchase Process in Costa Rica There are only some slight differences between buying a property in Costa Rica versus the US/Canada that you’ll want to be aware of in the relocation process. Similar to the US and Canada, once you have decided on a property that you would like to purchase, have your agent draw up a written offer and send it to the seller. After negotiations have been finalized and the final price has been agreed upon, your real estate attorney will write up a formal purchasesale agreement. Once everyone signs on the dotted line, then comes time for the deposit. Deposits in Costa Rica are typically around 10% of the sale price, unless agreed upon otherwise. It’s important to note, the purchase sale agreement will not be legal until the deposit arrives in escrow. Closing usually falls 30-60 days from date of signing the purchase-sale agreement. It’s helpful to make sure you wire or transfer the money well in advance of your closing date, as International wires sometimes have a holding period.
o Know to Buying a Closing Costs & Commission Closing costs are negotiable between buyer and seller but are typically paid by the buyer since the buyer picks the attorney who would also be the public notary to close the transaction and register the change of ownership in the public registry or properties. Closing costs are estimated at 3.6% of the total sales price, depending on the value. When it comes to commission, the seller is reponsible to pay the listing agent. As the buyer, you will not have to pay the seller’s agent commission, unless you hire a buyer’s agent. In most cases, the buyer’s agent will split the commission with the listing agent.
Registering Your Property As mentioned above, the last step in the purchase process is to register your property either in your name or as a corporation. Similar to an LLC in North America, many people buy property in Costa Rica through a Sociedad Anónima (SA) or Sociedad Limitada (SRL) corporation. Buying property through a corporation can actually simplify the purchase process. Ask your attorney for advice on what is the best option for you.
Property Tax and Luxury Tax The property tax rate in Costa Rica in minimal compared to other countries, coming in at a mere 0.25% of the property’s value and paid yearly. In addition to property taxes, Costa Rica charges an additional tax for homes valued over $214,000, called Luxury Tax. Luxury homes are subject to a sliding scale luxury tax, but it is capped at an estimated 0.55%.
Title Property Something to be aware of when purchasing property in Costa Rica, is any property located within the first 50 meters of the high tide line is considered public land. This means it is protected and cannot be titled. The next 150 meters up from this zone is called the Maritime Zone or Concession Land. While foreigners can readily buy property in Costa Rica, a non-citizen can only own up to 49% of Maritime Zone land. Have your real estate attorney check to be sure there is a clear title for any prospective property you are interested in. There are exceptions to this rule of concession property. About 5% of Costa Rica’s beaches actually have titled land up to the 50 meter line. Jaco Beach and Los Suenos Beach front are two places in the country where property is titled up to that 50 meter line. It’s an incredibly unique situation to find property that has title so close to the beach.
c. 506-8472-5041 WhatsApp 905-439-5678 e. joanne.fox3699@gmail.com