Real Estate

Many people dream of building a home in Costa Rica, and this dream can become a reality with the right approach. The key is to find the perfect piece of land that suits your needs and preferences. Whether you envision a stunning ocean view with daily sunsets over the water, a country-style property with ample land for fruit trees and a vegetable garden, or a cozy spot near friendly neighbors, there's a piece of land that's just right for you.

As a real estate broker in Playa Hermosa, Guanacaste, Costa Rica, I can help you navigate the process of finding and acquiring the ideal piece of land. The Playa Hermosa, Playas del Coco area offers a variety of residential building lots, each with its own unique features and advantages. If you see something you like, simply email me, and I'll provide you with all the information you need.

Before diving into the specifics of different types of commercial and residential building lots, it is important to understand the local regulations and requirements. The municipality sets certain standards that dictate aspects such as setbacks from boundaries, maximum percentage of construction allowed based on land size, and the designated use of the land, known as "Uso de Suelo" in Spanish. It's crucial to conduct thorough due diligence before closing the sale on a property to ensure that you're aware of what can be built and any restrictions that may apply.

Let's explore the various types of plots of land or building lots commonly available:

Residential Building Lots

These come in a few different varieties (listed below). Often, individuals who owned large parcels of land may have divided off a portion to create residential lots. These lots can be located along public roads or sometimes on easements. In order to build a home, these lots must be a minimum of 350 square meters.

Horizontal Condominium Lots

These lots can vary in size, but most are larger than 350 square meters. When purchasing in a horizontal condominium, buyers are obligated to follow the registered covenants and restrictions. These regulations may include specifications for home style, roof materials, monthly maintenance fees, and more. Horizontal condominium lots are always part of a gated community, and the roads within are private. Subdivision of these lots is not possible without unanimous agreement from the condominium association.

Agricultural Lot

By law, agricultural lots must be a minimum of 5000 square meters, or 1.23 acres. These developments are set up under an "agricultural" designation. The roads within these developments are typically easements, which means they pass through another person's property, and vice versa. This information is detailed in the title deed, property registration, and the registered lot survey. Agricultural development land can be subdivided, but each resulting property must still be over 5000 square meters. Most agricultural developments have a homeowners association to manage common areas and expenses. The main home on an agricultural lot can be a maximum of 300 square meters or 3229 square feet.

Urbanization lot

These lots are usually created by segregating a portion of a larger property. The roads within urbanization lots are public, meaning anyone can drive on them. The size of these lots can vary.

Farm land or “Fincas”

When exploring real estate options in Costa Rica, you'll find an abundance of farm lands for sale or "fincas" as they are locally known. Driving around, you'll notice signs on trees and fence posts declaring "Se Vende", which means "For Sale", giving the impression that the entire country is up for grabs. These large tracts of land, typically over one hectare or 2.5 acres, offer ample space for various construction projects. However, it's important not to overbuild and instead prioritize the space you truly need.

As previously mentioned, the local municipality plays a crucial role in determining the land's use, known as "Uso de Suelo." When you find a piece of land you wish to purchase and build on, one of the most important considerations is ensuring a legal source of potable water. This can be supplied by the Instituto Costarricense de Acueductos y Alcantarillados (AyA), a legally registered private well, or in outlying areas, through an ASAD (Las Asociaciones Administradoras de los Sistemas de Acueductos y Alcantarillados), a locally registered association that delivers water via piping.

It is also crucial to ensure that the property has a "Carta de luz", or an electricity availability letter. This document verifies that there is an existing electrical connection to the property, allowing you to obtain an electricity meter. Without this you may face challenges in connecting your property to the power grid, which can significantly impact your ability to develop or live on the land.

Another step when purchasing a property in Costa Rica is to hire a certified topographer to mark the property lines accurately. This ensures that you know the exact dimensions of the property and can identify any encroachments or boundary disputes. Having a clear understanding of the property boundaries is crucial to ensuring that the property is free and clear of any liens or encumbrances. Additionally, a topographic survey can be beneficial for future construction projects, as it provides detailed information about the terrain and topography of the land. This information can help you plan and design your development more effectively, ensuring that it complies with local regulations and avoids any potential issues with neighboring properties.

During the due diligence period, it's essential to ask your attorney to verify all these details: water and electricity availability, survey report, and to conduct a title search. This process confirms that the property is appropriately titled, the seller is the rightful owner, and the property is free of any liens, encumbrances, outstanding debts, or taxes. Failure to do so can result in significant costs down the line.

When searching for the perfect piece of land in Costa Rica, where stunning locations abound for building your dream home, it's crucial to fully understand the intricacies of your purchase before finalizing the sale. With proper due diligence and the guidance of a knowledgeable real estate professional, you can ensure that your investment is not only a sound one but also a gateway to a fulfilling life in this tropical paradise.

Interested in finding a property in Costa Rica? Check out our extensive listings here:

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Hey there, future homeowners! If you're considering buying a property in a community with a homeowners association (HOA) here in beautiful Costa Rica, it's important to weigh the pros and cons of Costa Rica HOA fees. HOAs can offer some fantastic benefits, but they also come with their own set of considerations. Let's take a closer look at what living in an HOA entails, so you can make an informed decision that suits your lifestyle and preferences.

The Pros of Living with a HOA in Costa Rica

Landscape Maintenance

One of the biggest advantages of living in an HOA community is the professional landscape maintenance of common areas of the development. Imagine waking up to lush, manicured gardens, vibrant flowers, and perfectly trimmed hedges—all without lifting a finger. HOAs often hire landscaping companies to maintain the community's green spaces, ensuring that the entire neighborhood looks pristine year-round. This not only enhances the beauty of your surroundings but also helps maintain property values. If you end up purchasing a property and are not planning on staying in Costa Rica full time, and if it is a single family home, you may ask the HOA to take care of your personal landscaping as well. It is a convenient way to have your landscape taken care of. This way, you do not come home to an overgrown jungle!

Exterior Home Maintenance

In an HOA community, particularly in a condo complex, exterior home maintenance is often taken care of for you. This means that tasks like painting, roof repairs, and gutter cleaning are handled by the HOA, saving you time and hassle. Plus, because the HOA oversees these maintenance tasks, you can rest assured that they are done to a high standard, keeping your condo in top condition. If it is a single family home the maintenance will be the responsibility of the homeowner.

Amenities

Many HOA communities in Costa Rica offer fantastic amenities that residents can enjoy. From swimming pools and fitness centers to tennis courts and walking trails, these amenities can enhance your quality of life and provide opportunities to socialize with your neighbors. Best of all, the cost of maintaining these amenities is included in your HOA fees, making them a cost-effective way to enjoy a range of leisure activities.

Conflict Resolution

Living in close proximity to your neighbors can sometimes lead to conflicts, but HOAs can help mitigate these issues. HOAs often have rules and regulations in place to address common disputes, such as noise complaints. Additionally, many HOAs have a formal process for resolving conflicts, which can help maintain harmony within the community.

Security

Security is a top priority for many homeowners, and HOA communities often offer enhanced security measures. This can include gated entrances, security patrols, and surveillance cameras, all of which help keep residents safe. By living in an HOA community, you can enjoy peace of mind knowing that your home and neighborhood are well-protected.

The Cons of Living in an HOA in Costa Rica

Fees

One of the most significant concerns for homeowners in an HOA is the fees. HOAs typically charge monthly or annual fees to cover the costs of maintaining common areas, amenities, and services. While these fees can vary widely, they can add a significant expense to your monthly budget. It's essential to carefully review the HOA's financials and fee structure before purchasing a property to ensure that you can afford the ongoing costs.

Exterior Regulations

Living in an HOA community often means adhering to strict exterior regulations. These regulations can govern everything from the color you can paint your home to the type of plants you can have in your yard. While these rules are intended to maintain the community's aesthetic appeal, they can feel restrictive to some homeowners who prefer more freedom in how they maintain their property.

Rules

HOAs typically have a set of rules and regulations that all residents must follow. These rules can cover a wide range of topics, including noise levels, parking restrictions, and even the types of pets allowed. While these rules are designed to create a harmonious community, they can sometimes feel overly strict or arbitrary to residents.

Cookie-Cutter Designs

In some HOA communities, there may be restrictions on the types of homes that can be built. This can result in a neighborhood where many homes look similar or have a "cookie-cutter" design. While this uniformity can create a cohesive aesthetic, it can also lead to a lack of individuality and personalization in your home.

Management

The management of an HOA can also be a concern for some homeowners. While many HOAs are well-run and efficient, others may suffer from poor management practices or lack of transparency. This can lead to frustration among residents and issues with the upkeep of common areas and amenities. Most HOA if not all have a Board of Directors that are made up of actual owners in the development, that will oversee the administrator to make sure the owners best interest are in place.

In the end, the decision to live in a community with an HOA boils down to your individual needs and priorities. While some may appreciate the peace of mind and amenities that come with HOA living, others may prefer more freedom and flexibility. Whatever you choose, Costa Rica offers a variety of housing options to suit every taste and budget. If you're ready to explore your real estate possibilities in this tropical paradise, don't hesitate to reach out.

Interested in finding a property in Costa Rica? Check out our extensive listings here:

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• Condos
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• Development Properties
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Interested in owning a property in Costa Rica, checkout some great options here

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Costa Rica law 9416, know as the “Law to Improve the Fight Against Fiscal Fraud” (Ley para Mejorar la Lucha contra el Fraude Fiscal), requires that all shareholders and owners of legal entities ( ie corporations that hold property) register their identity with the government. The Banco Central has been tasked with recording the identity of all natural persons that are final beneficiaries of Costa Rican corporations.

They want to know who holds ownership of, exercises control over, or participates significantly in the activities of the legal entity. The only exceptions are corporations that are already under the control of governmental institutions. Examples of such exceptions are pension funds, public trusts, and financial institutions.

Like thousands of other expats, you want to own a piece of paradise in Costa Rica. Of course, you want your property—home, condo, or farm–to be legally registered. What does Costa Rica law require? Can a non-resident fulfill those requirements and thus legally own property in Costa Rica? Those questions are related to recently enacted law 9416. It was passed by the Costa Rican legislature on December 14, 2016 and went into effect on the 30th of that month.

Why does that matter to someone who owns property in Costa Rica? Because often a legal entity is used to hold ownership of that property. The “sociedad anonima” (SA), or Limitada similar to the LLC in the United States, is the legal instrument that is most commonly used for property ownership because it facilitates the transfer of title. According to Law 9416, the president of the SA is the only officer that is authorized to register. And the president must have a “firma digital” (digital signature) registered with the Banco Central in order to comply with the requirement.

Here’s where it gets tricky for non-residents. Only Costa Ricans and foreigners who have permanent residency status can obtain a digital signature. So what do you do if you’re an expat without legal residency and you want to hold property in Costa Rica through a sociedad anonima? How can you legally register it? There is a work-around, but it involves some expense. You can go to a notary public and assign a special power-of-attorney to a third party who will serve as your representative. The person you authorize can be an attorney but doesn’t have to be. As long as the person is a citizen or legal resident of Costa Rica in good standing with the government, they can represent you for registration purposes.

What about just ignoring the Costa Rica law that requires registration? The fines for not filing the information are expensive. Current penalties for failure to register start at $2,250 and can go up to $75,000. Is the law being enforced? That’s a valid question. If you already own a Costa Rican SA or Limitada or are considering the purchase of a property in that is held by either one, it’s smart to check with an attorney. They can provide up-to-date information on Costa Rica law 9416, it’s enforcement, and how it applies to your individual situation.

Why was the law enacted in the first place? Costa Rica is attempting to comply with the rules established by the global financial system. Registration is mandated in order to insure transparency of ownership and to prevent fraud. This, in turn, helps Costa Rica remain in good standing with the international banking institutions that are in important source of funding for Costa Rica’s government.

So do not hesitate if you happen to be a share holder of a Costa Rica corporation. Contact your legal representative here in Costa Rica and get the ball moving as you do not want to deal with penalties or other issues.

Interested in finding a property in Costa Rica? Check out our extensive listings here:

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Condos have never been more popular! They are ideal for those who prefer a smaller investment or are not planning on being here in Costa Rica full time. The HOA fees take care of things like landscaping, exterior building maintenance, and various onsite amenities such as a pool or parks. These perks provide plenty of peace of mind. Take a look at all the fabulous condominiums Playa del Coco has to offer!

Pacifico truly speaks for itself. This prestigious community offers 2 styles of condominiums, with a third style on the way! The first style of condos are the Pacifico Lifestyle condominiums. There are 13 lifestyle buildings ranging from 1 to3 bedrooms which surround 4 large beautiful pools. Up on the hill you will find the Pacifico Clubside condominiums. These clubside condos offer ocean views, 2 and 3 bedroom options, and a ground floor parking garage. The Na Umi condos are the third style coming soon! There will be 5 brand new buildings built that are modern, luxurious, and have beautiful ocean views. The Pacifico development enjoys a beach club, restaurants, a gym, a sports complex, hiking trails, a waterfall, a children’s park, a boat club, a shuttle service, 24/7 security, mature landscaping, and is fully gated.

Las Palmas is a colorful collection of numerous condos all grouped together! This neighborhood holds over 50 different condo complexes. You can find a variety of styles, from a one bedroom studio to a 3 bedroom with a rooftop. Majority of the complexes have their own pool along with a parking lot and a small green space. Conveniently located only steps from the north side of Coco beach and a short walk to the downtown area. Las Palmas is a bright and safe neighborhood, perfect for rentals. Interested in a particular complex and want more details? Please reach out and I would be happy to assist you!

Sombras is located next to Las Palmas and is right across the street from the beach. This complex has 7 buildings, 2 large pools, and beautiful mature landscaping. Charming jungle-like walkways connect the grounds and provide tranquility. Youhave the option of a 2 or 3 bedroom floor plan that can be on the first or second floor. Only a short walk to a variety of shops, restaurants, and all the entertainment Playa del Coco has to offer! Sombras is fully gated, has 24/7 security, and secure parking.

Cocomarindo consists of 8 buildings around a beautiful resort-like pool. This complex is only a 5 minute walk from the souths ide of Coco beach and approximately a 12 minutes walk from Playa del Coco downtown with restaurants, bars, and supermarkets. There is a 1 bedroom floor plan and a 2 bedroom floor plan which can be on the 1st or 2nd floor. Cocomarindo is fully gated, has 24/7 security, parking, a jacuzzi, a swim up bar, and wonderful landscaping throughout.

Paradizio has been recently revamped! There are 21 units in this condo development with the option of a 2, 3, or 4 bedroom floor plan. Each unit has hardwood cabinetry, granite countertops, and stainless steel appliances. Perfectly placed only 3 minutes by foot from Coco beach! Paradizio is also only a 5 minute walk to downtown Coco. Enjoy spacious units, a beautiful pool, and covered parking.

Colinas Turquesa enjoys magnificent ocean views! This condominium is located on the east ridge of Playa del Coco. All 12 units look out across Coco bay and you can even see Santa Rosa National Park. You can take in the view from every room in the condo or out on the balcony. Colinas Turquesa also has an ocean view pool, large terraces, and purchased covered parking. This community has 24/7 security and is just a short drive to the downtown area as well as the beach!

Coco Cliffs condominiums are located right next to Colinas Turquesa and benefit from the same spectacular view! There are 3 different floor plans, you can choose from a 3, 4 or 1 bedroom unit. Each unit has its own private entrance and can enjoy both saltwater infinity pools. The views are breathtaking and the sunsets will never cease to amaze you! Coco Cliffs is a secure gated community and only a short drive from downtown Playa del Coco and the beach.

Vista Perfecta sits on the hillside of Playa del Coco. The complex is located in the Vista Marina community. Each unit has the benefit of its very own rooftop! From the rooftop, you can take in the beautiful views of the Guanacaste dry tropical forest. Vista Perfecta features tropical gardens, a pool, outdoor shower, shared laundry facility, parking, security, and a rancho. Only a 5 minute drive to downtown Playas del Coco and the beach.

Coco Turquoise is located conveniently near downtown Playa del Coco. Next to this condo community you can find a commercial center with an ATM, a supermarket, restaurants and more! You can choose from a 1 or 2 bedroom unit. Coco Turquoise has spacious open concept floor plans. There is plenty of parking space, a beautiful pool with a waterfall, a garden/green area, and 24hrs security.

Interested in finding a property in Costa Rica? Check out our extensive listings here:

• Homes/Villas
• Condos
• Lots
• Commercial/Businesses
• Development Properties
• Farms and Ranches

Want to keep up with everything that is happening here in Costa Rica? Join my email list!

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Interested in owning a property in Costa Rica, checkout some great options here

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Condo living is easy living! The beauty of living in a condo is you have much less to worry about. HOA fees take care of things like landscaping, exterior building maintenance, and you often have various onsite amenities such as a pool or sports complex. Check out below all the wonderful condominiums for sale in Playa Hermosa!

Condo Communities in Playa Hermosa

Bella Vista

Bella Vista offers some of the most spectacular ocean views in the area! These 2 condominium buildings only have 12 units between the both of them. The top four penthouse units have generous rooftops to enjoy the jaw dropping sunsets year round. Each building has its own pool and parking spaces. Inside, each unit enjoys stunning views from the kitchen and living room area as well as the master bedrooms. Bella Vista has 24/7 security, elevators, building insurance and storage units

Ocean Breeze

Ocean Breeze has 20 spacious units and is only a short 7 minute walk from the beach. This aesthetic complex has 3 large saltwater pools and beautifully maintained grounds. You have the option of a 2 or 3 bedroom floorplan that can be on the first or second floor. Ocean Breeze is ideal for those looking to live in Costa Rica full time or have a great rental. The complex is fully gated, has 24/7 security, mature landscaping and secure parking.

El Cubil

El Cubil boasts a modern design and luxurious layout. Only 14 units occupy this sleek new age condominium including a spectacular penthouse with an ocean view! El Cubil enjoys 24 hour monitored surveillance security system, fire alarms, emergency stairs, a swimming pool for adults and children, a jacuzzi, a massive water reserve tank, a covered drop-off and entrance, ventilated facades, an elevator, an underground electrical system and storage closets for each unit.

El Oasis

El Oasis consists of 15 buildings that surround a charming pool and enchanting gardens. If you purchase an entire villa it can be lived in as 1 whole house or split into 2 studio apartments and a 1 bedroom unit. This condominium complex is only 350mts from the beach and you can hear the sounds of the ocean from your balcony! This gated community offers beautifully paved walkways, 24/7 security, ample parking and landscaping.

Mariners Point

Mariner's Point enjoys exquisite ocean views from spacious 1,900 sq ft units that are walking distance to the beach. You can choose from a 2 bedroom to a 3 bedroom condo with beautiful finishings and large kitchens. The balconies at Mariners Point are the ideal place to enjoy a cup of coffee and watch the fishing boats enter the bay. This condo complex is fully gated, has 24/7 security, covered parking, ocean view swimming pools and a shady gazebo.

Sol y Mar

Sol y Mar is located only steps from the big blue Pacific ocean, this condominium sits right on the beach! Sol y Mar is made of 4 buildings that contain only 12 units in total, 9 of these units face the welcoming waves of Playa Hermosa. This luxury condominium has zero rivals, truly one of a kind in this area! At this condominium you enjoy 24/7 security, a gorgeous pool that looks out at the ocean, parking, well maintained grounds. Sol y Mar is a concession property.

Las Brisas

Las Brisas contains 7 villas and 14 condos that are just a 100mts from the beach! This private oasis has 4 salt water pools and a few units that have ocean views. The grounds are landscaped with fruiting trees and a plethora of tropical flowers. Ideal for a rental property because your guests are only moments from the beach and can benefit from the amenities of the Condovac La Costa Hotel & Resort. Las Brisas has 24/7 security, is fully gated with an electric fence, ample parking and backup water tanks.

Guacimo Fiorito

Guacimo Fiorito is a charming complex centrally located in Playa Hermosa. Only steps from the grocery store and a short walk away from the beach. This condominium is the perfect fit for those who want to be close to everything without breaking the bank! Guacimo Fiorito is a fully gated community. You will also enjoy a lovely pool with a waterfall, secure parking and nice landscaping.

Hermosa Del Mar

Hermosa del Mar offers all the perks of a lavish condominium complex! Two gorgeous towers containing 40 units look out over the green forest canopy of Playa Hermosa, with some units having a beautiful ocean view. Hermosa Del Mar features a semi-olympic sized swimming pool, as well as an additional pool, high-tech fitness facility, a yoga room, a BBQ area, a gazebo, a community room and a garden area to enjoy. Other perks include 24/7 security, covered parking, storage, full-service concierge, double elevators in each building.

Interested in buying a condo or have additional questions? Feel free to contact me, I would be more than happy to assist you!

Interested in finding a property in Costa Rica? Check out our extensive listings here:

• Homes/Villas
• Condos
• Lots
• Commercial/Businesses
• Development Properties
• Farms and Ranches

Want to keep up with everything that is happening here in Costa Rica? Join my email list!

Need more information about Costa Rica in general? Read our FAQS about Costa Rica page.

Interested in owning a property in Costa Rica, checkout some great options here

Have a comment or a question? Feel free to EMAIL ME

Like the article? Please share!