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Author Topic: Leasing beachfront property  (Read 2324 times)
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Tom Avery
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« on: July 29, 2003, 03:23:09 PM »

I'm interested in purchasing some oceanfront property in the Golfito area. How does one own (lease) oceanfront property in CR?   Shocked How long do the "concessions" last and how secure are they?  Any info will be appreciated.

Thanks, Tom
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Russ
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« Reply #1 on: July 30, 2003, 05:03:00 AM »

That's a complicated question, but here's the short answer.  You will have to be very careful and consult with a good realtor and attorney in order to complete your transaction successfully.

Very little beachfront property in Costa Rica is titled, only some properties that were registered before the law was approved.  The Maritime Zone law came into effect in 1979 and makes the first 50 meters from the high tide line public property.  The next 150 meters can be given in concession and the concessions are managed by the city government.  They are for 5-20 years and renewable.

If you meet all the requirements and make the purchase properly your concession is very secure.  If you have been a legal resident of Costa Rica for 5 years, you may purchase a concession.  Otherwise you have to form a company and over 50% of the capital must be Costa Rican. Here are is a good overview of real estate in Costa Rica. Costa Rica Law
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Russ Martin
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Apartado 214-2200
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Ronald Miguel Artavia
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« Reply #2 on: November 24, 2003, 04:18:40 PM »

There are only 2 places where you can buy titled beach front property in Costa Rica: Golfito & Jaco Beach.

Golfito is located at 360 km (223 Mi) 7 hours drive from San Jose.

Jaco Beach is Located at 2 hours driving fron San Jose.

In JAco Beach you cab find all king of property available in the neach front, since $mill hotels to $350K B&B.

Condos from $200k to $1.2 mill homes.

Jaco Beach is the best place where you can fing property.  
« Last Edit: July 31, 2009, 09:10:59 AM by Ivo » Logged
Jogi
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« Reply #3 on: November 24, 2003, 09:46:08 PM »

Ronald slow down buddy, there are some more areas with titled beachfront like Playa Samara and Playa Tamarindo and this is only 40 min away from San Jose (by plane) Tongue
Saludos  Jogi
« Last Edit: July 31, 2009, 09:10:22 AM by Ivo » Logged

"Jogi"
Jürgen Gerner
ABC Real Estate
fine selections on the beach
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