Real Estate Prices: A Brief Overview
Real Estate is booming in Costa Rica. And there is something for every taste, from million dollar homes in affluent Central Valley suburbs such as Escazu, to villas with glorious beachfront views for the family, to plots of old farm land out in the country that can be turned into the ideal remote gateway.
It all depends what you are looking for. There are some great fixer-uppers in the Central Valley, where growth has waxed and waned for years, leaving behind some potential gems for buyers who don’t mind brushing off the dust.
On the beaches, there are countless villas, condos and homes that give owners access to the ocean. Shack up here and you will be a stone’s throw from some of the best waves in the world, world class sport fishing or the simplicity of whipping out your beach towel and soaking up some rays.
Up in the north, there are lakeside views of windswept Arenal Lake and the contiguous lava-spurting volcano of the same name. Here, you really have the chance to take a bite of Costa Rica culture and mingle with the locals. In the Southern Zone, acres and acres of tucked-away land are hidden quietly in tropical forest.
Shopping for Costa Rica Real Estate can be an experience in itself and a chance to see some of the most beautiful parts of this bio-diverse, sun-drenched country.
Buying property will take some homework, so be prepared. Make sure you have a reputable real estate company like Karen Real Estate so you don’t get ripped off.
A two to 3 bedroom unit with a view of the beach and easy highway access near Playa Dominical, on the southern Pacific coast, starts in the mid $300,000 range.
In Manuel Antonio, on the central Pacific coast, the same kind of property can cost twice as much.
In Jaco (north of Manuel Antonio), you can still find some deals. Condos in high-rise 15 story buildings are now available.
Prices can range anywhere from $200,000 to $700,000 in what is now a diverse market.
In the western San Jose suburb of Escazu, condos range from the mid $100,000s to the mid $200,000s. Nice residences can run from $500,000 up to million dollar homes.
In Guanacaste, a two bedroom, two-bath house starts in the high $200,000s. However, single-family homes with any views can be $450,000 and up. It is not uncommon also to find million dollar properties in places such as Playa Hermosa, Playa Panama and the Gulf of Papagayo.