Get a 28% Discount on Costa Rica’s Caribbean Coast

Sunday, October 11, 2009

Grand View Estates

Get a 28% Discount on Costa Rica’s Caribbean Coast

Let me show you the next big opportunity in Costa Rica…

Grand View Estates

Dear Reader,

If you visited Costa Rica more than five years ago, chances are you consulted your guidebook and decided to skip the Caribbean side. Like most travelers—including myself—you probably went straight for the crowded Pacific.

"There’s nothing over there…no infrastructure…bad roads…it takes too long to get there." Those were the Caribbean stereotypes of the time. But as any successful overseas investor knows, negative stereotypes are the property-buyer’s best friend.

Why?

Because the stereotypes can be slow to die despite the changing times, holding the prices down until word gets out to the mainstream that things are different.

This is the case with the Costa Rican Caribbean. The truth is that it’s now less than 2.5 hours from the capital of San José on a new, modern highway. The international airport re-opened in 2006. Serious investors are buying coastal land, and the first luxury resorts and residential developments are springing up.

Limón is at the center of the current boom.

For much of the last century, Limón was a company town. The controversial United Fruit Company managed the port, built the railroads and bridges, looked after the colonial buildings, and ran the local businesses.

Back then, bananas were a better business than tourism. When the company pulled out of town in the 1960s, Limón became Costa Rica’s forgotten province.

When the Costa Rica tourism machine began bringing in droves of foreign visitors in the 1980s, it was the northern Pacific coast that most benefited.

That’s set to change. A new marina project is planned just north of Limón. The $40 million development includes a 500-slip marina, two breakwaters, a shopping center, 800 homes, a yacht repair area, and a luxury hotel.

The marina will change this sleepy Caribbean outpost. How much? Consider Los Suenos on the Pacific side of the country. This was Costa Rica’s only private marina. When it was developed, the area boomed. That will happen on the Caribbean side. Expect to see cafes, restaurants, bars, and boutiques springing up. Expect to see prices rise, reflecting the pricing of the marina residences.

Better yet, the Costa Rican government has decided to develop Limón in much the same way the Mexican government developed Cancun in the ‘70s, with a billion-dollar gentrification project.

A billion is a lot to spend on a scheme like this. But Limón needs a lot of work.

Last month, the Costa Rican President allocated $80 million to kick-start the restoration of cultural buildings in Limón and improve the city infrastructure. The rest of the money ($900 million) will come from private investment. When it becomes easier to get here, the tourist stampede is going to be staggering.

No doubt about it, the "Caribbean side" is on the move…and if you get in on the right side of this massive cash injection, you could make a lot of money.

And one of the most attractive ways to "buy in" to the new Caribbean boom in Costa Rica is to take advantage of some heavily-discounted offers at Grand View Estates.

Grand ViewA project location that takes advantage of what nature and new prosperity have to offer.

Grand View Estates is located just 1.5 hours east of San José. And it’s only 30 minutes from the beautiful white sand beaches and the sparkling waters of the Caribbean. Since the airport is only two hours from Miami, you can arrive on site in just over half a day from Florida.

Unlike the Pacific Coast, the Costa Rican Caribbean enjoys year-round rainfall without a dry season. So instead of the parched, dusty environment found in some areas, you’ll find lush green tropical forests, tumbling rivers, and abundant tropical wildlife.

The nearby city of Limón is home to 75,000 people, 40% of whom speak English. It’s equipped with up-to-date supermarkets, excellent small specialty stores, and a modern hospital.

Just south of Limón, the coastal towns of Cahuita and Puerto Viejo have become popular European tourist destinations, and enjoy a number of excellent European restaurants. Puerto Viejo also boasts world-class surfing, while nearby Punta Uva ranks as one of the top 10 beaches in the world, according to Outside magazine.

I want to know more

This is a project that’s well thought-out, and well underway.

Nestled deep in the Talamanca Mountains, Grand View Estates enjoys magnificent views of the Caribbean and the surrounding mountains and valleys. You’ll spend endless days wandering the pristine 640 acres. The 1,300 foot elevation allows for fresh ocean breezes as well. The site is diverse, with virgin rainforest, five rivers, two waterfalls, and gently rolling hills.

The wildlife is abundant, with hundreds of bird and animal species. If you’d rather explore on horseback, Grand View Estates offers stables on the property.

Nearby, more adventures of the tropics await you. You can enjoy a quiet nature hike, a volcano tour, or perhaps a visit to an indigenous village. Or maybe kayaking and white-water rafting are more your style. And with the Caribbean nearby, don’t forget sport fishing, dolphin-watching, or snorkeling and scuba diving. No matter what kind of healthy, outdoor lifestyle you’d like to lead in Costa Rica, Grand View Estates delivers it to your doorstep.

Grand View Estates has optimized the project’s design to offer large properties that offer privacy, while taking advantage of spectacular views of the Caribbean, valleys, and mountains. Lots range from one to five acres, assuring plenty of room to stretch out.

Stewart Title Insurance guarantees a clean property title for Grand View Estates.

When you’re ready to complete the dream by constructing your new home, Grand View Estates will help with all of the details. They’ll even assist you with selecting a builder, work with you on the design, and provide construction oversight if you need it.

I want to know more

It costs less than you think to gain a foothold in this Costa Rican dream.

The developer has a few special offers right now, which make buying here even more attractive. Five premier lots have been discounted by up to 28%. A three-quarter acre lot, previously $54,000, now costs $39,000. A larger 2.3 acre lot is reduced to $73,000, from $102,464…a savings of $29,464.

These prices reflect the "early bird" nature of the market on the Caribbean side of the country—you can expect to pay four times that amount for similar properties on the Pacific side.

A 10% deposit will secure your purchase at Grand View Estates, and you can start enjoying your own tropical paradise right away. That new, healthy, relaxing lifestyle is just around the corner.

Interest in this area is running high, as more and more people discover the values on this side of Costa Rica. In fact, I’m sure the special discounted properties won’t last long.

Follow this link to learn more about the ground-floor opportunities of the Costa Rican Caribbean.

Margaret Summerfield


You might also be interested in:

Is This the Last Stretch of Forgotten Caribbean Coast?

An Eco-adventure on Costa Rica’s Caribbean Coast


Posted Under:

costa rica, appreciation potential


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