Ventimiglia in Playas Del Coco, Guanacaste, Costa RicaI have spoken to dozens of individuals who are looking at buying real estate in Costa Rica.  I have looked at hundreds of properties and developments in Costa Rica.  Of course, everyone’s criteria is varied, but there is a “magic number” that keeps popping up, like the universe recorded it somehow and keeps playing it back to me.

That “magic number” is 200 - or more specifically, $200,000.

Mountain acreage adjacent to La Cangreja parkCosta Rica has a large number of fine and luxury properties, priced at $400K and above.  What is more difficult to find are properties priced at a more modest price tag of $200,000 or less.  Over and over I hear from people that they want to find properties in the $200,000 range - it is like that recording that I told you about.

House at Costa Del Sol for under $200KThe luxury properties are exactly that - luxurious - but there is still the average buyer out there who wants a modest, safe, and clean Costa Rican property, but doesn’t want to pay a fortune for it.  For the beginner, finding these properties seems like a daunting, almost impossible task.  When you search the Internet, a score of ads and search results pop up for high-priced, luxury properties, making it appear as if Costa Rica is not for the average person any longer.  Unfortunately, that’s untrue.

Guanacaste Country Club Golf Course & Club HouseThe key is working with people in the know - people who can network with real estate folks all around Costa Rica to find those properties.  These properties do exist, and there are quite a few of them!

So that is one of my goals - to find these high quality, inexpensive properties priced around $200,000, or less.  My list is ever-growing and diverse, satisfying a large group of buyers who want to invest in the tropical paradise that is Costa Rica.

Posted by costaricarealestateexpert | Uncategorized | March 16, 2008 | No Comments (Leave a Comment)

Walk to beach or shopping area

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$85,000 - $97,000

Furnished or Unfurnished

Location
Downtown Playa Del Coco, Guanacaste
 
Pictures/Slideshow


 
Local Sights/Activities
  • 2 minute walk to bank, grocery store, shopping, restaurants, bars, and casinos.
  • 5 minute walk to the beach
  • 45 minute drive from the Daniel Oduber International Airport at Liberia
    • Buses serving this route hourly
  • Known for its scuba diving with turtles, rays, sharks, and angelfish
  • Offers some of the best sport fishing
  • Day trips to world renowned surf spots Witch’s Rock and Ollie’s Point
  • Day trips to Arenal volcano and National Parks
 
Travel Packages
Explore Costa Rica - 4 Day Guanacaste TourTaste of Costa Rica - 7 Day Tour

More to choose from!  Contact us for more information about travel packages visting this area.

 
Related Resources
Costa Rica Real Estate FAQ
Costa Rica Real Estate Financing Options
 

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Description
Didn’t think you could own for $100 or less in Costa Rica?  It’s still possible, and it’s possible at Ventimiglia!Ventimiglia is a 2-story development of condo units located in the downtown area of the popular and fast-growing resort town of Playa Del Coco.  Right next door is the upscale Pacifico project.  Playa Del Coco is also home to the popular Ocotal Beach Resort.

Just a short 2 minute walk away you will find a bank, grocery store, shopping, restaurants, bars, and casinos.  Just a 5 minute walk away is the beach.

Playa Del Coco is the fastest growing beach town in the region, and the condos in the Ventimiglia project will be the last brand new units for under $100,000 available in Coco ever again.

Construction on Ventimiglia was recently completed in November 2007, and all of the available units have never been lived in.

Each unit is 406 square feet indoors, with 32 square feet of private terrace. They are all 1 bedroom, 1 bathroom, with an ample kitchen and attached living space - much more appealing to tourists than a smaller, more expensive hotel room.

Some units are furnished, with the furniture package including bed, armoire, dining table and chairs, tv with cabinet, foldout couch, full kitchen cabinet and countertop set, range/oven, refrigerator, split air conditioning system, complete dinnerware and cookware, and a complete towel and linen set.  If bought without the furniture package, the unit comes finished but completely empty.

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Community Amenities
  • Full sized pool
  • Children’s pool
  • Shared laundry room
  • 24 hour security with guarded electronic gate

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Property/Unit Amenities
  • 1 bedroom
  • 1 bathroom
  • Some units furnished, including kitchenware and linens (turn-key ready)
  • 406 sq ft indoors
  • 32 sq ft private terrace

INQUIRE ABOUT VENTIMIGLIA

 
Floor Plan
Ventimiglia Floor Plan and Building Layout

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Price/Pricing
Unfurnished units - $85,000
Furnished units - $97,000

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Financing
Inquire about financing for this property.
 
Rent/Property Management
Property management available.  For more information please contact us.
 
Investment Analysis
Investment Analysis of Ventimiglia

The units may be small for someone looking to live there, but they are a great alternative for the traveler who wants something with a kitchen and a more inexpensive than some of the hotels in the area.

The great location makes it extremely appealing to tourists, and the rental rate ($40-$150/night) is also appealing. Even with these low rental rates, there is still potential for a cap rate of around 8% and possible positive cash flow (depending on your loan).

Consider using your self-directed IRA to purchase one of these units!

Investment Grade:  A-

Posted by admin | For Investors, Under $100K | March 5, 2008 | No Comments (Leave a Comment)

Naturalia and TamarindoBeing a real estate investor, I am always curious as to the investment potential that each property holds.  A property can sound amazing, have an abundance of amenities, be in a great location, but I won’t feel comfortable parting with any money until I have some actual numbers in front of me, allowing me to evaluate the income potential.  And of course, I wouldn’t expect my clients to want any less.

Naturalia living roomSo, I finally was able to assemble the information that I needed to perform my analysis on the fantastic Naturalia condo development near Tamarindo in the coastal Guanacate region - rental rates, management fees, property taxes, and unit prices.

Pristine beach near NaturaliaDo be aware that some numbers are averaged, like property taxes and HOA fees (condo fees).  I have included comments within the spreadsheet which you should be sure to read, as they often provide information as to how I came up with certain numbers.  But if you do have questions about these number, please feel free to contact me.

And one final note:  this spreadsheet does try to use accurate and reliable information, but it is subject to change at any time.  In some cases, assumptions have also been made (typically noted in the comments).  Please use this spreadsheet as just one of the tools you would use to help you make a decision as to whether you wish to buy a unit at Naturalia.

Find out more about Naturalia.

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DOWNLOAD Naturalia Rental Analysis NOW!

Posted by admin | $1M +, $200K-$349K, $350K-$499K, $500K - $1M, For Investors, Tamarindo Real Estate | February 26, 2008 | No Comments (Leave a Comment)

Build for under $200K - home AND lot!

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Phase 1 Still Available

Phase 2 Available Around April 2008

Location
Colinas Del Coyolar
Tempate, Guanacaste, Costa Rica
 
Pictures/Slideshow

 
Local Sights/Activities
  • 7 minute drive to Potrero Beach, sight of new marina
  • 10 minute drive to Brasilito Beach
  • Less than 15 minute drive to Sugar Beach, La Penca, Flamingo and Conchal
  • 30 minutes from Tamarindo National Park and Wildlife Refuge
  • 40 minutes from Daniel Oduber National Airport in Liberia
 
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Description
Colinas Del Coyolar is a colonial-like residential project which intends to be in total harmony with nature.  The scenic beauty is impressive, and there is a public road surrounding the property along 1 mile.

At the entrance of the property and up to the first traffic circle, the streets will be made of cobblestones, the rest will be ballasted and its design will be environmentally friendly.

Colinas Del Coyolar is located just a 40 minute drive from Daniel Oduber International Airport, making it extremely accessible.  Numerous beaches are just a short drive, as well as national parks and other sights.

Buy a lot and hold on to it to appreciate.  Or build, in some cases for less than $200K! 

Furnishing packages also available for around 10% of the home cost.

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Community Amenities
  • Gated front entrance
  • Cobblestone entrance
  • Private garbage collection & recycling program
  • Common green areas
  • Cable or satellite TV
  • Internet
  • Telephone

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Lot Features
  • Water and electricity provided
  • Lot sizes range from 1/2 to 2 1/2+ acres.
  • Lush, natural flora

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Preferred Builders
The developer of Colinas Del Coyolar is the preferred builder, offering a variety of discounts and incetives, but you are not required to use them.DOWNLOAD NOW:  Estimated Building Costs & Worksheet for Colinas Del Coyolar

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Home Plans/Floor Plans

Home Plans available from the developer

Exterior House Styles for Developer’s Home Plans

Option 1:  Colinas Del Coyolar Home Style #1

Option 2:  Colinas Del Coyolar Home Style #2

Options 3:  Colinas Del Coyolar Home Style #3

Curious about building costs at Colinas Del Coyolar?  When you use the developer as the home builder, you get a variety of incentives.  Calculate your estimated building costs using this handy worksheet:

DOWNLOAD NOW:  Estimated Building Costs & Worksheet for Colinas Del Coyolar

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Pricing
Phase 1:  From around $65,000 to $99,000  Please contact us for more specific pricing on available lots.Here is some pricing for a small selection of all the available lots, as of 1/9/2008.  Pricing and availability may change at anytime without notice.Lot 27a - 0.48 acres - $38,500
Lot 27b - 0.49 acres - $39,000
Lot 27c - 0.44 acres - $35,000
Lot 31 - 1.26 acres - $66,937
Lot 32 - 1.42 acres - $75,374
Lot 28 - 2.24 acres - $97,514

Please contact us for current pricing and availability, as well as pricing on additional lots.

Phase 2:  To be released around April 2008You may be able to get a lot and new home for under $200K!  Don’t believe it?  Download the Worksheet below and play around with the numbers.  It’s possible! 

Furnishing packages available for around 10% of the cost of a home.

DOWNLOAD NOW:  Estimated Building Costs & Worksheet for Colinas Del Coyolar

DOWNLOAD Colinas Del Coyolar Rental Analysis

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Developer Financing
Yes.  Please contact us for more details.
 
Rent/Property Management
Yes. Please contact us for more details.

DOWNLOAD Colinas Del Coyolar Rental Analysis

Posted by admin | $100K - $199K, $200K-$349K, Lots, Under $100K | December 6, 2007 | No Comments (Leave a Comment)