Monday, October 12, 2009
Grand View Estates boasts five rivers, and two waterfalls
Dear Reader,
More American retirees live in Costa Rica than in any other country in Central America. Here, they enjoy the tax savings offered by the pensionado (retiree) program. There is political, economic and banking stability. The scenery is stunning and protected. You can live comfortably on $1,500 per month. Healthcare is excellent and private medical insurance can cost as little as $80 per month. The people are happy and well educated. Life expectancy is higher than in the US.
If you have had sticker shock when shopping for real estate in Costa Rica, you have been shopping in the wrong place. How about a $39,000 lot in a quality gated community? You could build a 1400 square-foot house on this lot for $100,000.
In the early 1980s, International Living recommended buying real estate in northern Costa Rica. This part of Costa Rica caught on…and became the No. 1 destination among foreign retirees and investors. During the 1990s, the market boomed. Prices for beachfront property along the Pacific coast increased 6-, 8-, 10-fold, and more. Today you could pay $600,000 for a half-acre ocean view lot.
Thing is, there are two areas of Costa Rica that haven’t yet caught on. In both, you can buy a large lot in a high-end gated community for $40,000.
On Friday October 2nd, I told you that Costa Rica’s Southern Zone is one of my top three investment markets. Prices have stayed low here because it has been difficult to get to. This is set to change.
Almost directly east of Costa Rica’s Southern Zone, you’ll find another pocket of opportunity, on Costa Rica’s Caribbean coast. The drive from San José (Costa Rica’s capital city) to the Caribbean coast is through some of the most inspiring scenery you’ll ever see. The coastline is the stuff of postcards. The sand is white and the water is clear. Back from the coast, you have the Talamanca Mountains. You get magnificent views of the Caribbean and the surrounding mountains and valleys. The breeze is fresh and the wildlife abundant—70% of the coast is protected. Yet, you are only two hours from San José with its international airport and direct connections to the US.
This is Limón…known as Costa Rica’s forgotten province. Limón was forgotten when the United Fruit Company pulled out in the 1960s. The United Fruit company had maintained the city, the infrastructure and even built the railroad connecting Limón with San José.
A planned billion-dollar gentrification project is going to transform Limón into a major Caribbean hot spot. President Óscar Arias Sánchez came to town to announce an $80 million investment that will kick start the gentrification. The cruise ship port in neighboring Moín is set for a major upgrade. This stretch of coast won’t remain forgotten for long.
The best real estate buy in this area is in an established gated community in the mountains overlooking this coast. $39,000 buys you a lot here.
Grand View Estates is a 640-acre project nestled deep in the Talamanca Mountains. You get magnificent views of the Caribbean and the surrounding mountains and valleys. The 1,300-foot elevation allows for fresh ocean breezes. 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.
Best of all, with the special pricing on five premier lots that Margaret told you about yesterday, $39,000 buys you a lot here.
If you thought you couldn’t afford to retire or buy a second home in Costa Rica, now is the time to think again. Request an information pack today.
Ronan McMahon
You might also be interested in:
Is This the Last Stretch of Forgotten Caribbean Coast?
Get a 28% Discount on Costa Rica’s Caribbean Coast
Posted Under:
costa rica, appreciation potential
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