Friday, May 21, 2010
Dear Reader,
Costa Rica’s Southern Zone is opening up. In January 2010, the Costanera (coastal) Highway officially opened…more than 30 years after the project was first proposed. Costa Rica’s Southern Zone is now accessible.
Real estate prices stayed low because this area was difficult to get to. This value window is set to close. Don’t worry. You haven’t missed out…yet. Wait much longer and it will be too late. Remember what happened when the airport in Liberia (northern Costa Rica) started regular scheduled flights to the US in 2002? Prices went through the roof.
Today, the infrastructure boom is kicking off, and we’re seeing visitors and traffic begin to surge in the Southern Zone. Steve Linder (of Pacific Lots, the gold standard project in this region) just sent me this note…
“Boy! Things are getting hectic and crazy down here…I just got back from 4 back- to- back Chill Weekends. I wanted you to see these new photos…the highway…the new airport expansion in San Jose…new commercial plazas in the Southern Zone… and the new Costanera highway.”
This new highway brings you right to the heart of Costa Rica’s Southern Zone
“The highways are now bringing much larger crowds of tourists. We are also seeing huge increases in commercial development, especially in the town of Uvita. Uvita is one town north of Ojochal, and a short drive from Pacific Lots. Two years ago, the only bank in the area was an ATM… in the back of a school bus. Today we have three brick and mortar banks. We also have three rental car agencies, complete with a large inventory of cars, where there were none only a year ago. There have been at least 8 large commercial plazas built in the last 2 years alone, with most now fully occupied. The area is changing quickly and the change is directly related to the new highways and better accessibility.”
Commercial development is starting along the route
“In the whole of last year, we did four or five Chill Weekends. Now we are doing three to four a month…and almost all are oversubscribed. We have added two more Chill Weekends in June as the two originally scheduled were hugely oversubscribed.”
“We have opened two new phases in the Chontales neighborhood of Pacific Lots. Chontales encompasses 2200 acres. The first two phases in Chontales are now sold out.”Costa Rica’s Southern Zone is the area that runs south of Quepos to the border with Panama on Costa Rica’s Pacific coast. Some of the most amazing scenery in Costa Rica is here.
At Pathfinder, we think this area is nicer than Northern Costa Rica’s Gold Coast… where real estate prices can be eight times higher.
Landscapes in the Southern Zone are dramatic—panoramic ocean views…lush tropical rainforest…and sheer jungle-clad slopes, rising sharply away from pristine stretches of sandy beach.
The scenery here is amazing
The local towns like Ojochal feel surprisingly cosmopolitan. You have a choice of world cuisine—French, German, Italian, Indonesian…even organic. You can enjoy a pizza from a wood-fired oven…French bakery goods…and you can get an espresso at the coffee shop.
There is more land preserved in the Southern Zone than in any other part of Costa Rica. Ballena National Marine Park is a hotspot for humpback whales. Corcovado is awesome, and home to numerous endangered plant and animal species. Beaches run for miles, and are mostly deserted.
Pacific Lots is only a few minutes from Ojochal. It’s the finest project in the area—yet $40,000 buys you a quarter-acre home site. Compare this with Northern Costa Rica, where a half-acre ocean-view lot could set you back up to $600,000.
Pacific Lots is a mature, established development, with over 150 homes already constructed. It’s fully-serviced with roads, water, electricity, satellite TV, Internet, and a modern communications system. You don’t have to rely on the developer’s promises. You can see and touch everything that’s been built.
There is no build requirement when you buy here. You have full flexibility. When you decide to build, a skilled team of professionals will be at hand to help you out.
Pacific Lots are offering financing, over three years, with a 20% down payment. Here’s how the numbers play out on a $40,000 lot: You make an $8,000 down payment…and then 12 quarterly payments of $3,165 over three years.
If this stretch of coast has your attention, I strongly urge you to contact Steve today. Momentum like this won’t be stopped. Deals like this won’t last long.
Ronan McMahon
P.S. The dates for the two newly added Chill Weekends in June are June 10-13th and June 22-25th. The remaining spots will be allocated on a first come first served basis.
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