Costa Rica Properties
In Costa Rica there are several types of properties available and they are known by several names in the local market. The most typically available are lots, farms (fincas), condominiums, timeshares, and homes. They differ in pros and cons and appeal to the individual in different ways. A basic run-down of each follows:
Lots – A subdivided farm or residential project is considered a lot. Catalina Cove Estates is the part of our development that offers 1.25 – 2 acre lots to our clients. With this option, you have the choice of building right away or simply holding onto your land and building at a later date. Of course, in the meantime your lot investment will grow in value over time.
Farms – Larger areas of agricultural land that are not yet subdivided are classified as farms or “fincas” in Costa Rica. Special laws and regulations apply to developing farmland and it
is important to be aware of these rules early on in the buying process. Any qualified Costa Rican real estate lawyer will be able to explain the ins and outs of this option. Here at Catalina Cove we fondly refer to walking our property as “being out on the farm” because when we purchased the finca, it was a large 230 acre farm.
Condominiums – There are more and more condo projects being developed in Costa Rica. The primary attraction is low maintenance hassles. Many people enjoy the feature of being able to simply lock your door and walk away knowing that the grounds, security and pool are taken care of in you absence. Although you cannot control your neighbors and they are often times in very close proximity, most people have only good experiences with this option.
The Catalina Cove development will be offering spectacular ocean view condominiums in the spring of 2006. These will be large, spacious units sized at approximately 1,860 sq.
ft. for 2-bedrooms, 2,175 sqft.. for 3-bedrooms and 4,260 sqft.. for the penthouse units. Make sure to express your interest through our website so we can notify you when we start our pre-construction sales.
In addition, we are developing plans for condominium-ized, single-family homes. The condominium-ized homes will offer the best of both worlds: they will provide a beautiful home with approximately ¼ acre spacing between homes and yet all the landscaping, pool maintenance, security and bike-trail upkeep will be handled by the homeowners association…a true no-hassle lifestyle! These will be priced in the $250,000 to $300,000 range, depending on size and amenities.
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