Costa Rica Real Estate Magazine

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BUY OR SELL IN COSTA RICA?

Go with the best!

ALEXANDER MONROE 506-88625652 alexanderm@remax.net

Price: 1,398,000. USD Reduced: 1,250,000. USD

Unique Warehouse For Sale Located on the edge of Downtown San Jose Lot size: 3,570 m2 / 38,427 sq. ft. | Construction: 2,390 m2 / 25,725 sq. ft. | Office | Parking | Truck Loading area

One of a Kind Deal 600+ Acre Farm and House Tilaran, Guanacaste Located on Lake Arenal near Tilaran | Spectacular Lake and Volcano views | 1 mile of Road frontage along the Lake | Large US Country Style home

Price: 1,200,000. USD

Mauricio Rodriguez (506) 8911-0282 Mobile

Alexander Monroe Ch (506) 8862-5652 Mobile (506) 2228-0200 Costa Rica (305) 400-1221 USA USA to CR # alexanderm@remax.net

(506) 2228-0200 Costa Rica (305) 400-1221 USA to CR # mauricio.rodriguez@remax.net

Créditos | Credits Publisher | Editor Agustín Bermúdez. International Sales & Marketing Manager F. Suyen Arvizu I. Client Services Manager Cid Carazo A. Administrative Assistant Gabriel Alejandro Abarca L. Collaborator Guillermo Andrés Dávila Photographer Irving Dávila Contact Information: Graphic Design Irania Salazar S.

Contenido | Contents

10 12 22 18 24 34 58 36 70

BUYING PROPERTY IN COSTA RICA

Grecia - A Great Place to Live

Obtaining Residency in Costa Rica

The Central Pacific Coast

Marketing & Sales Cel: (506) 7130-2841 Escazu Phone: (506) 2215-0131

Maritime- Terrestrial Law

sales@costaricarealestate magazine.com costaricamagazine77@gmail.com Administrative mail: costaricamagazine1998@gmail.com

Preparing for a Medical Emergency Abroad

Costa Rica Real Estate Magazine

The South Pacific Coast

FREE |GRATIS REVISTABILINGÜE

P.10BuyingProperty inCostaRica P.12Discover theUniqueTownofGrecia P.18ObtainingCostaRicaResidency COSTARICAREAL ESTATEMAGAZINE FREE ISSUE SINCE 1998 JULY-AUGUST, 2019 INVEST INASECONDHOME INTHETROPICALPARADISEOFCOSTARICA DISCOVERCOSTARICAATTHECENTRALFLORIDA HOMESHOW INORLANDO,SEPTEMBER 21-22 Villa Firenze SEEPAGES6&7

SINCE1998

The North Pacific Coast

P.34How toMakeYourVacationHomePay for Itself P.64Discover theBeautifulBeachesofGuanacaste

View all listings at: www.costaricaluxury.com

PARTICIPATE IN OUR NEXT EXPO IN THE USA

Costa Rica Global Associa- tion of Realtors

6 COSTA RICA REAL ESTATE MAGAZINE 6 COSTA RICA REAL ESTATE MAGAZINE

ID8818 Brand New Apartment in Santa Ana, 3B, 2B, 177m2 in Gated Community, Santa Ana / For Sale $195.000

ID9800 New, Large Contemporary House, 4B, 3.5B, 395m2 with Garden and Common Areas in Santa Ana / For Sale $595.000

ID9680 One Story, 3B, 3.5B, 330m2 Colonial Style House in Cerro Real, Escazu /For Sale $560.000 / For Rent $3.300

ID 10662 Distrito 4 Apartment, 2B, 2.5B, 103m2 living area, 27m2 Parking and lots of Amenities. Es- cazú For Sale $240,000

Santa Ana Real Estate

ID10079 Flat Land 1,017m2 in the Famous Gat- ed Community La Hacienda in Santa Ana / For Sale $385.000

ID10334 Apartment 3B, 2.5B, 2P, Maids, Storage and Amenities in Escazu / For Sale $225.000

ID9500 Spacious Exclusive Apartment 3B, 3.5B, 459m2, in Jaboncillos, Escazu / For Sale $620.000 / Rent $3.000

ID7203 Opportunity! Contemporary House 3B, 3B, 410m2 in Harmony with Nature, Santa Ana / For Sale $395.000

ID10399 Fully Furnished Apartment, All Included, Torre Paseo Colon / For Sale $190.000 / For Rent $1.450

ID10005 INVESTMENT, Distrito 4 Escazú, 2B, 2B, 103m2 living area, 27m2 Parking. Pool, Gym, Club- house. For Sale $240,000

PROFESSIONAL RESIDENTIAL, COMMERCIAL, SALES AND RENTAL SERVICES BTC Accepted!! PRIVATE LOANS AVAILABLE!! US +1 786 999 8676 CR +506 7108-1041 info@cbrealestatecr.com www.cbrealestatecr.com

ID10089 Contemporary Apartment with Beautiful Forest Views, 2B, 2B, 130m2 in Santa Ana / For Sale $180.000

ID10034 Recently Remodeled Townhouse, 3B, 2.5B, 232m2, Gated Community in Guachipelin, Loma Real, Escazu / For Sale $225.000

Our expert team will provide you with the personal service and attention that you deserve. We take great pride in our com- pany; as well as, serving our clients and neighbors. Ask around, and you will find that Coldwell Banker Santa Ana Real Estate team is highly respected. We have earned our clients’ re- spect through hard work and dedication. No question or re- quest is too demanding, as we constantly research the latest market conditions and finance options. As your real estate pro- fessional, you can be confident that we will always put forth the extra effort to assist you with the purchase, sale or rental of residential or commercial prop- erties. With the resources of one of the most respected and well recognized franchises in Real Estate - Coldwell Banker; we can make your dreams a reality. English, Spanish and French spoken Visit our web site at www.cbrealestatecr.com or contact us at US & Canada: 1-786-999-8676 CR: (506) 4034-4000 / (506) 7108-1041

ID8095 Brand New Contemporary 4B, 3.5B, 535m2 House With Views in Exclusive Gated Community / For Sale $896.000

ID10661 ONE LEVEL, Contemporary, 3B, 3.5B, 233m2 const., 340m2 lot. Gated Community in Santa Ana. For Sale $425,000

ID7572 PRICE REDUCED! Beautiful 4B, 5B, 340m2, Country Home in the City, Santa Ana / For Sale $495.000

ID10655 Stunning, private, single family home, 757m2 const., 3,850m2 lot, 6b, 7.5b, pool. Santa Ana. REDUCED PRICE: $795,000

ID9770 Remodeled Penthouse in Avalon Country Club 3B, 2B, 133m2, in Santa Ana / For Sale $230.000 / For Rent $1.400

ID9664 Story Spacious Home, 3B, 2.5B, Studio, 380m2 Los Reyes Gated Community, Golf, Polo, More / For Sale $480.000

ID9783 Elegant Mediterranean Style Home, 5B, 5.5B, 590m2 in San Antonio de Escazu / For Sale $660.000

ID6888 Spanish Style, 6B, 6B, 500m2 Single Family Home, Ample Lot, Golf Community, La Guacima / For Sale $549.000

“Each office is independently owned and operated”

ID3350 High End 4B, 5B, 600m2 Contemporary House in Escazu / For Sale $1.100.000

ID10088 TWO Homes for the Price of ONE, 2 Contemporary 2 Level Homes, 3B, 3.5B, 700m2, in Escazu / For Sale $795.000

ARTICLE | REAL ESTATE

Buying Property in Costa Rica 101-A Primer You have visited Costa Rica, possibly several trips and you love it and you are ready to buy your own place in Paradise, great, you are making a wonderful decision!

10 COSTA RICA REAL ESTATE MAGAZINE as you do your homework properly! Do it right and you will be very happy but if you don´t do your due diligence and work with expert real estate and legal help to guide you, then you are basically rolling the dice and hoping to win. A big plus is that the foreign owner of property in Costa Rica has the same constitutional rights as Costa Rican citizens. One key piece of advice not usually given is that you should choose a good lawyer who will be the key person in getting things done correctly and safely in Costa Rica. Even before picking a Real Estate pro- fessional, find a good lawyer, preferably one who works daily with the area you are interested in buying your property in, although some San José lawyers are also excellent real estate specialists. A good lawyer will advice you on any pit- falls you might not have seen or even know about, and also knows who the reputable real estate firms or individuals in the chosen area are and can also help you to begin your residency application. In Costa Rica, mostly all land is titled, and those titles are registered and kept at the offices of the Public Registry in San José (the Capital city) in the Property Section (Registro de la Propiedad). Most titles are currently organized by means of a computerized system called the ¨Folio Real¨. A property ownership transfer re- quires that both the buyer and the seller sign a deed before a Costa Rican Notary Public (whose concept is different from the ones in many other countries such as Canada and the United States and is re- quired to formalize all transactions deal- ing with real estate transfers) and that the deed is then recorded at the Public F ew places have all the pluses that Costa Rica can offer for retirement, relocation and investment, so long

Registry. Nearly all purchases require a due diligence period of 30 to 60 days so an Option to Buy-Sell is signed (Opción de Compra-Venta) where the key items are specified such as the property reg- istry information, the price, the option term, broker commissions and the key due diligence points that must be met in order for the down payment (given with signing of option) to be released to the seller by the Escrow company. Do not give the option money (which is usu- ally 10% unless agreed otherwise mu- tually), to the seller or his lawyer. Your lawyer should have a reputable escrow company he or she works with that will act as the independent third party in the transaction and that will abide by the op- tion to buy contract stipulations. For your protection always use your own trusted lawyer to look out for your interests and do not agree to use the seller´s lawyer as that opens you up to big potential trouble. All titled land in Costa Rica, whether it is registered following the newer ¨Folio Real¨ system or the older book/page/en- try system, can be accurately and safely title-searched in order to determine all relevant aspects on the specific proper- ty, such as ownership, mortgages, liens, annotations or other issues, that may af- fect ownership rights or the possibility of transferring said property to a third party. Title searches on ¨Folio Real¨ proper- ties may be initiated in the computer system, which is accessible online but will then possibly require a follow-up in the book/page/entry system, particularly when the computer search shows liens, encumbrances or other property charac- teristics that were ¨inherited¨ from older transactions on that land before it was transferred to the ¨Folio Real¨ system. Additionally, although the computer sys-

tem will indicate a list of liens and en- cumbrances, in most cases a thorough and complete title search will require the review of microfilmed or scanned documents indicating the details of such finds, which are not accessible online and can only be obtained at the offices of the Public Registry. Although, as indicated, the ¨Folio Real¨ is accessible online, generally private parties do not have the legal training to be able to accurately interpret the in- formation acquired, as well as to know how best to follow-up any required fur- ther steps. This is why it is highly rec- ommended that a knowledgeable legal professional be used to perform and re- port on the title search. In addition to the title search, if the property is owned by a corporation, it is essential to undertake a corporate search at the Commercial Section of the Public Registry. Only by doing so, can you verify that this corpo- rate entity transferring the property is in good standing and also that the pro- posed signatory of the transfer deed ac- tually does have the legal power to do this transfer. Another important item to keep in mind when buying a property is the USO DE SUELO (what you are allowed to build or do on that property). For example, if you are buying a lot or built property for com- mercial purposes but the land is desig- nated for residential use only then you need to know this. Or you want to buy a lot and put several units on it but are only allowed a single residence or you want to have a Bed & Breakfast, but the municipality does not allow it, etc., etc. All of these pitfalls can easily be avoided with the use of a good lawyer and proper due diligence and the additional help of a good real estate professional.

ID10395 New Home 3B, 4B, in Gated Community with Amenities, in Santa Ana / For Sale $750.000

ID4750 Spectacular, Award Winning, Contempo- rary, Single Family Home, 5B, 5B, 850m2 in Villa Real / For Sale $1.995.000

ID6352 Private, 3B, 2.5B, 350m2, 1543m2 lot, Single Family House with Pool, Santa Ana. For Sale $375,000

ID10437 Villa Big Rock, Elegant Private Estate on 3.3 Acres, in Santa Ana / For Sale $1.590.000

ID10660 Exclusive Single Family Home with Pool, Santa Ana, 2 Story, 4B, 7B, 1,078m2 construction, 1,368m2 lot. Gated Community. For Sale $1,980,000

ID8565 Brand New, One Level, Contemporary Home, 3B, 3.5B, 232m2 in Santa Ana / For Sale $365.000 / For Rent $2.350

US +1 786 999 8676 CR +506 7108 1041

info@cbrealestatecr.com www.cbrealestatecr.com Centro Comercial Kimera, Alto de Las Palomas, Santa Ana, Costa Rica

“Each office is independently owned and operated”

ID7980 Amazing 0.63 acres Commercial Lot in Alto de las Palomas, Escazu / For Sale $498.000

ID10474 Lake View condo in Avalon Country Club, 3b, 2B, Mezzanine, 133m2 total. Santa Ana. For Sale $180,000 / For Rent $1,300

ID8513 Office Space 585m2, Exclusive Corporate Center, Rohrmoser, San Jose / For Rent $11.700

ID9691 Single Family Home in Gat- ed Community, 3B, 2,5B plus maid’s. 255m2 const., 361m2 Lot. Tennis, pool, soccer…Santa Ana. For Sale: $490,000

ID10630 3B, 2.5B, Condo in Escazú. For Sale $200,000

ID8072 Ready to Build, Wonderful 0.44 Acre Lot, Incredible Views, Ciudad Colon / For Sale $225.000

ID10404 Build To Your Taste! Lot in Gat- ed Community in Belen, 2153 sqf / For Sale $71.500

ARTICLE | REAL ESTATE

T he rural city of Grecia, with a population of around 18,000, is located just 25 minutes from Alajuela and from major shopping options including Walmart, Price Club and very large malls as well as the Juan Santamaria International Airport (SJO) could well be the best place to live in due to a year/round spring-like weather and the friendly local residents. The sunny climate, the fertile land and the abundance of clean water are perfect for growing organic coffee in the hills above Grecia and for the cultivation of sugar cane and pineapples. Home gardens can grow just about anything and the local Farmers Market Fair on Fridays and Saturdays is one of the best and largest in Cos- ta Rica. The city has its own Caja Social Security Hospital and many medical and dental practitioners are available locally. If window shopping is to your liking, then you will be delighted as there are easily two hundred small shops in the downtown area giving it that small town feeling of yesteryear. There is also a modern mall with shops, restaurants and movie theaters plus many modern supermarkets as well as small neighborhood pul- perias and sodas. The Central Park is one of the most popular in Costa Rica and usually a great place to people watch and next door is the metallic church, brought over in its entirety at the end of the 19th century from Belgium. Grecia is the cleanest city in Costa Rica and on August 1989 was declared the cleanest city in Latin America at a meeting of the International Union of Municipalities in Ecuador. If you are looking for a great place to live in other than the beaches, then Grecia is a must see on your list of places to check out. GRECIA A Hidden Gem just 25 minutes north of the International Airport!

12 COSTA RICA REAL ESTATE MAGAZINE

your life in paradise is waiting for you

live in the best gated community, in the best climate of the world Your future apartment in Costa Rica starting from $98,500 Your future house in Costa Rica starting from $197,500

learn more about this unique residential project at

+(506) 6003 7697

GRECIALANDHOMES.COM

WE FIRMLY BELIEVE THAT THERE IS NO BETTER, HEALTHIER, NICER PLACE TO LIVE IN THAN GRECIA. AT LESS THAN 30 MINUTES FROM THE SJO INTERNATIONAL AIRPORT IT IS CLOSE TO ALL SERVICES AND AMENITIES BUT IT FEELS A WORLD AWAY! WE INVITE YOU TO DISCOVER THIS SO, SO VERY SPECIAL CORNER OF PARADISE. YOU MAY NOT WANT TO LEAVE!

Nearly New Home in Montezuma Residential Community with Pools, Gym, Racketball, Sports Courts, Picnic Areas and 24-7 Security. Includes Appliances & Water Sof- tener Purifying Equipment, Fans & More.3 Bdrm., 2 Bath, 2 Parking: US$179,000 Full Details and Photos, at our website.

WE HAVE OTHER GREAT NEW HOMES AND LOTS AVAILABLE IN THIS BEAUTIFUL RESIDENTIAL COMMUNITY

DGD 01 Property size: 532 m2 Construction: 150 m2 Bedrooms: 3, Bathrooms: 2 Garage: 1 car

GDG 115 Property size: 490 m2 Construction: 120 m2 Bedrooms: 2, Bathrooms: 1 Garage: 1 car Residential Homes Centrum Price: $125,000

REG 100 Condominium Property size: 392 m2 Construction: 200 m2 Bedrooms: 2, Bathrooms: 2.5 Garage: Carport 2 Residential Homes 2 story Price: $189,000

GDG 00 Property size: 1300 m2 Construction: 440 m2 Bedrooms; 6, Bathrooms; 3 Garage: Garage, Residential Homes Price: DEAL $260,000

Residential Homes Price: $145,000

GRECIALANDANDHOMES@GMAIL.COM - GRECIALANDHOMES.COM COSTA RICA#: +506 7266 7558 - USA#: +863 399 9518

GDG 04 Property size: 1600 m2 Construction: 250 m2 Bedrooms: 5, Bathrooms: 3 Garage: Carport

GDG 06 Property size: 2.5 acres Construction: 120 m2 Bedrooms: 2, Bathrooms: 2 Garage: 1 car

GDG 17 Property size: 900 m2 Construction: 160 m2 Bedrooms: 3 + office Bathrooms: 2, Garage: Garage

GDG 19 Property size: 3471 m2 Construction: 195 m2 Bedrooms: 3, Bathrooms: 3

Carport + Garage Residential Homes Price: $360,000

Residential Homes Price: $489,900

Residential Homes Price: $260,000

Residential Homes Price: $157,000

GDG 20 Atenas Property size: 7000 m2 Construction: 413 m2 Bedrooms: 4, Bathrooms: 4.5 Garage: Carport

GDG 22 Property size: 335 m2. Construction: 185 m2. Bedrooms: 4, Bathrooms: 2 Garage: Carport

GDG 23 Property size: 1 acre Construction: 220 m2. Bedrooms: 4, Bathrooms: 2.5 Garage: 2 cars

GDG 24 Property size: 2.1 acres Construction: 140 m2 Bedrooms: 3, Bathrooms: 2.5 Garage: Carport

Condominium 24/7 Price: $650,000

Residential Homes Price: $110,000

Residential Home Price: $320,000

Residential Homes Price: $ 269,000

GDG 45 Property size: 5000 m2 Construction: 200 m2 Bedrooms: 3, Bathrooms: 3 Garage: Carport

GDG 49 Property size: 2000 m2 Construction: 250 m2 Bedrooms: 3, Bathrooms: 2.5 Garage: Carport

GDG 53 Property size: 1000 m2 Construction: 180 m2 Bedrooms: 3, Bathrooms: 3.5 Garage: Carport Condominium Price: $299,000

GDG 56 Property size: 292 m2 Construction: 180 m2 Bedrooms: 2, Bathrooms: 2 Garage: 1

Residential Homes Price: $ 225,000

Residential Homes Price: $ 360,000

Residential Homes Price: $ 145,000

GDG 57 Orotina Property size: 1000 m2 Construction: 160 m2 Bedrooms: 2, Bathrooms; 2 Garage: Carport

GDG 59 Property size: 3000 m2 Construction: 200 m2 Bedrooms: 2/3, Bathrooms: 1 1/2 Garage; Carport

GDG 67 Income Property Property size: 251 m2 Construction: 200 m2 Bedrooms: 2 each-apartment Bathrooms: 1 each-apartment Garage: Garage 2 cars

GDG 114 Property size: 1600 m2 Construction: 160 m2 Bedrooms: 4, Bathrooms: 5 Garage: Carport

Residential Homes Price: $ 175,000

Residential Homes Price: $ 235,000

Residential Homes Price: $ 155,000

Residential Homes Price: $ 159,000

La Joya Villa Real MansiOn Unique luxury design with a modern style with spectacular views to the west of the city; perfect location with plenty of privacy and tranquility.

Price: US$3,000,000

Lot: 5,503m, Construction: 2,511m Bedrooms: 6 + 1 Apartment + Pool + Home Theater Parking: 4 int / 6 ext

5 full / 2 half bath

6

Price: US$1,950,000

Price: US$1,349,000

Price: US$950,000

Exora Luxury Villa Turrucares Lot: 14,346m, Const: 1,842m, Guest House + Employee House + Pool, Parking: 4 int / 11 ext

Air Dwellings Luxury Home Lot: 1,011m, Construction: 580m Parking: 2 int / 2 ext

Villa Real Contemporary Home Lot: 1,624m, Const: 695m, Office + Home Theater, Parking: 2 int / 4 ext

4 full / 2 half bath

4

5 full / 1 half bath

5

4 full / 1 half bath

4

Price: US$995,000

Price: US$1,075,000

Price: US$600,000

ROCAGUA House Cerro Colon Lot: 2,583m, Construction: 752m, Office + Home Theater, Parking: 4 int / 8 ext

Quinta La Joya San Isidro Heredia Lot: 9,000m, Construction: 600m, Office + Guest House (2-Bdrm), Parking: 2 int / 18 ext

Trejos Montealegre Luxury Home Lot: 620m, Construction: 480m, 2 Apart- ments, Parking: 2 int / 4 ext

4 full / 1 half bath

3

4 full / 2 half bath

5

4 full / 1 half bath

3

Price: US$3,000,000

Price: US$1,200,000

Playa Flamingo Luxury Home Lot: 4,000m, Construction: 1,100m Office + 2 Apartments, Parking: 4 int / 6 ext

Brand New INEDITA Luxury Home Lot: 930m, Construction: 485m, Office + Pool, Parking: 2 int / 2 ext

4 full / 1 half bath

4

14 full / 2 half bath

12

Price: US$10,897,460

Price: US$9,240,000

Price: US$6,000,000

Royal Palm San Mateo Alajuela Lot: 64.1ha, Construction: 350m Mixed Use Development - Royal Palm of San Mateo

Hermosa Resort Playa Esterillos Lot: 66ha Mixed Use Development - Playa Hermosa Resort Esterillos

Cattle and Buffalo Ranch Bagaces Guanacaste Lot: 177ha Construction: 450m

J&J Real Estate CR Inmobiliaria

www.jjrealestatecr.net • info@jjrealestatecr.net We have extensive knowledge of the market, investments and the product or service that our customers are looking for. We go beyond the objectives of a traditional real estate agency, obtaining and evaluating the value that each of our clients need. Contact us today so we can advise you on your next investment: +506 7043-4298 Jorge Isaack Urbina Navarro; President/Partner

ARTICLE | REAL ESTATE

COSTA RICA RESIDENCY REQUIREMENTS

By Licda. Marcela Gurdián Immigration Experts

There are several ways a foreign citizen can obtain residency in Costa Rica.

O btaining residency is the way to go if you are serious about staying in Costa Rica, although some ex-pats who live in Costa Rica have become ¨perpetual tourists¨ and do a visa run to the border, mainly to Nicaragua every 90 days, this is a risky proposition because visas are renewed for ¨up to¨ 90 days but this is done at the discretion of the immigration person at the border who can give you less time on that visa renewal or even deny it and then you are in a bad position. There is of course a bureaucratic procedure to obtain your residency and of course there are the related expenses. How- ever; the advantages far outweigh the disadvantages. For example, only with a legal residency can a foreigner get a driver´s license, or be allowed to work legally, or get a post pay cell phone, or not need to carry around a passport, or get local prices at many places versus tourist prices, etc., etc., so it all begins to add up. Let´s see some of the various ways you can obtain residency: TEMPORARY RESIDENCY: PENSIONADO: Requires a monthly income of US$1000 per month. This

would be from a permanent fixed in- come like a pension like private sector, government or social security benefits. RENTISTA: Requires a monthly in- come of US$2500 per month and in- cludes spouse and children under 25 years of age. This category requires a permanent and stable source of in- come equal to or above US$2500 for two years which equals US$60,000 and is renewable. An international and recognized bank or financial institution must issue you a letter that states this or you can deposit the US$60,000 in a local bank and can take out $2500 per month. SPOUSE: Granted to the Spouse of a Costa Rican citizen under article 73 of the Immigration Law. WORK RELATED: Technical workers, Managers, Executives, Specialized workers, etc. of a company established in Costa Rica. INVESTORS: Foreigners who pur- chase Property for $200,000 or more can apply for the status of Investor by

presenting the proper documentation to Immigration. SPECIALIZED: Professional, Scientif- ic, and other such specialized individu- als deemed of value to the country. RELIGIOUS: Persons who are part of duly accredited religious orders and are so recognized by the Ministry of Foreign Relations and Culture. PRESS & SPORTS: International Press Correspondents & Recognized Sportsmen PERMANENT RESIDENCY: Permanent residency is a migratory condition that allows the person who obtains it, to remain indefinitely in the country and with the freedom to work. Persons eligible to apply for this type of residency are those whose parents or children are Costa Rican citizens. The other persons eligible are those who have had a Temporary Residency for 3 consecutive years. PLEASE VISIT OUR website for more details: www.costaricarealestatemagazine.com

18 COSTA RICA REAL ESTATE MAGAZINE

+506. 7037-9766

VENTA Y RENTA SERVICIOS DE CONSTRUCCIÓN ADMINISTRACIÓN DE PROPIEDADES

VELAREALESTATE24@GMAIL.COM

VELA REAL ESTATE

PLAZA GUACAS / GUANACASTE EXCELENTE OPORTUNIDAD DE NEGOCIO

LINDA CASA EN ZONA DE GRAN PLUSVALIA/ ESCAZÚ / VISTA A LAS MONTAÑAS

Terreno: 325m2 Construcción:185m2 3 Hab. con baño completo cada una, Sala, comedor, Cocina, Terraza, Cochera p/4 carros.

Centro Comercial con un alto porcentaje ya rentado a empresas gubernamentales y privadas. Acabados de primera calidad.

Precio: USD $875,000

Precio: USD $270,000

CASA EN ESCAZÚ CENTRO

LINDA CASA EN SAN ANTONIO DE ESCAZÚ

Terreno: 205 m 2 Construcción: 205 m 2

Terreno: 168 m 2 Construcción: 200 m 2 3 Habitaciones, 1 1/12 baños, Sala, Comedor, Cocina, Terraza

3 Hab. 2 baños completos, sala, comedor Cocina, Terraza, Cielos Artesanados, Cochera p/2 carros.

Precio: USD $180,000

Precio: USD $186,000

LOTES

HOTEL

HOTEL EL LLANO-SAN ANTONIO ESCAZÚ / EXCELENTE VISTA PANORÁMICA. Excelente oportunidad de negocio, listo para operar. Terreno: 12,400 m 2 Construcción: 1,200 M 2 , 32 habitaciones con baño c/u. 2 aptos, 2 salas de eventos, piscina y parqueo para 100 Vehículos.

Precio: USD $2,400,000

LOTE EN RESIDENCIAL/ CARMEN DE GUADALUPE, FRENTE A CALLE

Terreno: 600 m 2 Cuenta con todos los servicios.

Precio: USD $186,000

LOTE PLANO PARA RESIDENCIAL / MERCEDES NORTE DE PURISCAL

Terreno: 840 m 2 Cuenta con todos los servicios

Precio: USD $60,000

DISCOVER CENTRAL PACIFIC

J aco Beach is located just over an hour away when you take High- way 27 from San José. Excellent roads and a variety of scenery along the way, along with being the nearest major beach town to the capital city, make this an extremely popular getaway for both Costa Ricans and visiting foreigners from North America and from Europe. After the 2008 crisis Jaco faded some- what but in the last couple of years it has rebounded with great strength and this of course makes it an ideal place to vacation in as well as to invest in by purchasing a vacation rental or a win- ter getaway home as well as being a great retirement spot due to the many available attractions, both in Playa Jacó as well as in the nearby towns such as Playa Hermosa, Esterillos and Herra- dura. Since its beginnings as the first developed beach resort area it has at- tracted a variety of people due to the many choices for entertainment and sports and recreation that the area of- fers. Several canopy tours such as

to all price ranges so there is something for everyone. All that fun tired you out, no problem, as there are several Spas to choose from to rejuvenate your body and get you looking good. A new devel- opment is Jaco Walk which combines a variety of shops including souvenirs with a Food area that has some great eating options. All these attractions as well as the proximity to San José are making the Jaco Beach area a grow- ing community and a great place to buy property in.

Vista Los Sueños can offer a variety of adventure tours, ATV rides, rappel and waterfall visits. Surfing is another ma- jor attraction here with many shops for rentals and purchases as well as les- sons and several excellent beaches to choose from. Horseback riding, bird watching, nature walks, kayaking and of course an ample variety of Sports-Fish- ing operators to choose from will keep your days very busy and fun. When nighttime comes you can find a very extensive list of restaurants to choose from including Mono Verde right on the main drag which is one of our favorites for good food and people watching. Walking up and down the main street (which is only 2 blocks from the beach) you will be delighted by the variety of shops you can find from one end to the other. Feel like dancing or listening to music? Great, we have you covered with many places to choose from right on the main street as well as a couple of Hotel Casinos to enjoy. The area offers an ample supply of hotels which cater

Photo by Irving Dávila

22 COSTA RICA REAL ESTATE MAGAZINE

Jaco Beach / Playa Hermosa • 24 Beds with Amazing Views • Asking $550K Costa Rica

Call Phillip Cukras Realtor 1-800-790-PHIL CR 506-8715-6354 pcukras@att.net

EFFECT ON PROPERTY IN CONDOMINIUM IN THE TERRESTRIAL MARITIME ZONE

where the type of development that is carried out by the concessionaire will af- fect the concession in time and space, limiting the existence of the Condo- minium by the terms of validity that the concession may have in the maritime zone land, which can vary from 5 years to 20 years and can be renewed as long as there is no breach by the Conces- sionaire, or need for public utility. The extinction, termination or non-renewal of the concession directly affects the ex- istence of the condominium, the same thing not happening in case the condo- minium property is extinguished since it does not necessarily imply the termina- tion of the concession. The affectation of concessions to the condominium property regime is also an atypical situation since a relation- ship between public rights must coex- ist because the land will always belong to the Costa Rican State and a private right such as the domain exercised by a natural or legal person over a property; therefore, the treatment of the subject must be addressed differently to the af- fectation of a property in condominium regime, the greatest of which is that prior to the affectation of the concession to condominium property, there must be an authorization from the respec- tive municipality, as well as a guarantee from the Costa Rican Tourism Institute (ICT), and the Costa Rican Institute of Housing and Urban Planning (INVU).

That is why we can always say there exists a concession affecting property in condominium, but not a condominium affected by the Concession because what will prevail is the greater good, which in this case is the Concession. There is no right to property in condo- minium in the Maritime Terrestrial Zone, but what exists is an atypical figure of af- fectation or regulation of Condominium in Concession of the Restricted Zone. It is a figure that we can perfectly use to boost the real estate market in the coastal areas, however, it is essential to improve the acceptance by the Coastal Municipalities, the ICT and the INVU so that the processes are not bogged down, nor is there fear of this modality, but rather a greater dynamism so that the high costs, real estate taxes and fees paid can be distributed among the largest number of people, thereby generating more income to the Govern- ment coffers and a lower payment by property owners. In Costa Rica, the is- sue is not exhausted, on the contrary, it is necessary to establish more precise legislation in accordance with current reality. Definition of Property in Condomini- um: this refers to control over a certain property that is owned jointly with one or more persons. This is regulated by the 1999 Law Regulating Condominium Property (Ley Reguladora de la Propie- dad en Condominio).

By Lic. César Mora Zanher Licda. Karla Gutiérrez Mora

S ubjecting a Land Maritime Zone (ZMT) Concession to affecta- tion of Property in Condominium is an issue that to date raises more questions than answers and must be addressed from various perspectives, through a modification to the Law and articles that could be contradictory, for example, Article 1 with respect to Article 3 of the Regulatory Law of Property In Condominium, since Article 1 limits the condominium regime at ZMT to its com- mercial and tourism exploitation, while Article 3 tells us about the wide range of zoning in the ZMT and that this can be affected to Property in Condominium, including for example, residential use. Let us recall that the Maritime Terrestrial Zone is divided into two portions or seg- ments, one that is the inalienable Public Zone of up to the 50 meter line, and the other the Restricted Zone of 150 me- ters from the 50 meter line to the 200 meter line, which is subject to granting by the Municipalities with prior approval of a Regulatory Plan, being this plan the one that determines the Zoning and

24 COSTA RICA REAL ESTATE MAGAZINE

FEATURED LISTINGS

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Luxurious Ocean View Penthouse Steps to the Beach Jaco, Costa Rica THIS HIGH-END RESIDENCE BOASTS A PRIVILEGED LOCATION WITH EXCEPTIONAL OCEAN VIEWS. The two-story modern penthouse (2,916 sq. ft.) features 3 roomy bedrooms, 3 baths, spacious living area and TWO LARGE TERRACES. Modern design and finishes were thought out to provide MAXIMUM COMFORT

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• Experienced Buyer’s Agents • Property Listings Marketing

New Condo near the Beach and Schools Jaco, Costa Rica QUIET AND SAFE COMMUNITY only 1Km to the beach and walking distance to schools. Located in an EXCLUSIVE NEW RESIDENTIAL COMPLEX of only 18 homes. 2 bedrooms/ 2 baths, luxury finishes, tempered glass windows, Italian kitchen, high ceilings (up to 4mts). LOW HOA FEES. USD $169,000

BRAND NEW UNOBSTRUCTED OCEAN VIEWS CONDO JACO, COSTA RICA Light and bright living in this MODERN BEACH CONDO. Two generous bedrooms, two full baths. Ocean view elevator in this complex with only 21 units. Super modern glass enclosed balcony so you will not miss any of the STUNNING SUNSETS AND VIEWS. USD $445,000

CR Phone: (506) 2643.1273 | US Phone: 480.331.2960

Jaco Walk Shopping Center, Suite 95, Second Floor, Jaco Beach, Costa Rica sales@lagunaazulrealestate.com

lagunaazulrealestate.com

LagunaAzuldelpacifico

CENTRAL PACIFIC

PLAYA HERRADURA

Photo by Irving Dávila

B efore the late 1990´s Playa Herradura was a quiet rural beach used mainly by local fishermen and local tourists and campers, however with the arrival of The Los Sueños Marina and Golf Course and the Marriott Hotel this sleepy beach was thrown into the spotlight.  Now it is like two separate Herradura beaches that have sprung up as you come in on the one single road.  To the North of the road you have a World Class Resort with a marina teeming with rows of luxury yachts and sportfishing boats.  On shore you have a major hotel, tons of luxury condos and homes and an awesome golf course where golf buggy carts are the norm but to the South of the road you find a mostly local crowd and some quaint bars and restaurants and near the shore lots of small local fishing boats.  A major development is in the works on this south-end and could change that significantly in the near future.

Photo by Hernán Carazo

28 COSTA RICA REAL ESTATE MAGAZINE

Sweet Home Costa Rica provides all the services you need: -Vacation Rentals: Condominiums and Luxury Homes, in-house massages, chefs, stock groceries, transfers, concierge services, golf, sportfishing, tours, elec- tric cart and car rentals - Buying/Selling a Property: Real Estate agency, Legal Advisory, Property Management, Cleaning and Maintenance crew, Interior Designer, Architecture and Builders, Rental program. We pride ourselves on providing our customers and clients with the utmost professionalism, knowledge, and support. - We look forward to welcoming you to our family.

SWEET HOME COSTA RICA, offers Real Estate, Vacation Rentals, and Property Management services not only in Los Suenos Resort & Marina, but also in nearby areas Herradura, Jaco and Hermosa Beach. Getting to the Central Pacific of Costa Rica from Juan San- tamaria airport takes around one hour and twenty minutes in a van and to Los Suenos about 30 minutes by helicopter. Los Sueños Resort and Marina is a 1,100-acre master planned desti- nation resort community with a private 600-acre rainforest reserve; a five star Marriott hotel; 18 hole Iguana golf course; over 600 luxury residences, including homes, lots, condominiums and villas; a full service 200-slip international marina with storage and dry dock; an exclusive Beach Club for residents and their guests; a Marina Village with several stores, Restaurants, bar, Bank with ATM service and much more.

SweetHome CostaRicaVacations

SweetHomeCostaRica

SweetHomeCostaRica

PROPERTIES FOR SALE

BELLA VISTA - PRICE REDUCED! $780,000/ 3bd-3.5b / 3100 SqF

DEL MAR - FRONT OCEAN VIEW! $600,000/ 3bd-2b / 2000 SqF

DEL MAR - OCEAN VIEW $509,000/ 3bd-2b/ 1680 SqF

MARARENA- FRONTOCEANVIEW! $260,000/ 1bd-1b - 1 loft / 1184 SqF

HOSTEL - 78 BEDS INDOWNTOWN $695,000/ Beach Access/ 12152 SqF

HOTEL - INCOME OPPORTUNITY! $989,000/ Beach Access/ 6780 SqF

PROPERTIES FOR RENT

DELUXE

PREMIUM

LUXURY

Sleeps 6 to 18 people From $ 900 to $3500 p/night + tax Villas and Private Homes: 4 to 8bd

Sleeps 6 people From $ 495 to $ 1015 p/night + tax Premium Condos: 3bd / 3.5 b

Sleeps 2 to 6 people From $ 220 to $ 735 p/night + tax Luxury Condos: 1 to 3bd

US: +(954) 999-4594 CR: +(506) 2637-8700 CR: +(506) 4700-HOME

info@sweethomecr.com

www.sweethomecr.com

CENTRAL PACIFIC

PLAYA MANUEL ANTONIO & QUEPOS

32 COSTA RICA REAL ESTATE MAGAZINE tions you will reach the town of Quepos, a small but lively town offering Hotels and Restaurants plus a large Marina with many excellent restaurants and other services like scuba diving and boat charters and boasting some of the best Sportfishing in the World. Just past Quepos you start to head uphill toward H eading South from Playa Jacó and passing Parrita and miles and miles of African Palm planta-

Manuel Antonio Beach which is only a short distance away. Here you will find truly superb views, awesome beaches and World Class Dining and Accommo- dations. It is also the home to many im- pressive Oceanview developments and homes. Developments like the upcom- ing Islas are the perfect choice, either as a vacation rental income property or as your personal retirement or reloca- tion dream residence. What more can

you ask for than Palm-fringed beaches as far as you can see and behind you rain forest covered mountains. Manuel Antonio boasts one of the most beautiful beaches in the World. It was declared a National Park in 1972 and is a must see on any Costa Rica travelers list of places to visit and enjoy! With a narrow penin- sula and protected coves this National Park encompasses nearly 700 hectares chuck full of flora and fauna.

ARTICLE | REAL ESTATE

Dra. Andrea Messeguer, directora Medica de Beach Side Clinic

Are you prepared when traveling FOR A medical emergency? When we travel, we usually consider details, such as where to stay, which airline, the time of the year to determine clothing needed, etc. However, what we are going to do in case a medical emergency arises is not on the list. Most people do not think about it or if they do, they think they can deal with it if it happens. Very few people travel prepared, but for these the surprise factor is controllable and resolved in a better way.

S o, what happens when we travel to another country and we are not prepared to face an emergency? A medical situation, which often does not threaten life, but can mean a high mon- etary cost, becomes a family emergency, where you not only have to see how to solve the medical part, but also the eco- nomic part that can become unmanage- able. This scenario is presented more times than I would like to tell. As a doctor in a touristy area of great growth, I have wit- nessed and interacted more than once with patients in this situation. They come to our country for a visit or to live looking for other life experiences; and surpris- 34 COSTA RICA REAL ESTATE MAGAZINE

ingly while enjoying their new destination they have an accident, present a medical emergency, and are not prepared. I clear- ly remember the case of a patient who while enjoying time on the beach, suffered a fall and ended up with a very compli- cated fracture. We received the call and reached the site, treated the patient on the scene properly, preparing him to be transferred by ambulance to our central clinic. Once in the clinic, after performing diagnostic and confirmatory exams, we determined the need for surgery to repair the fracture. A procedure that cannot be performed in our medical center, requir- ing a transfer to a high-resolution trauma center quickly because of the type of in-

jury and its possible complications. Be- ing in an area more than 4 hours by land from the specialized center, the medical recommendation was an air transfer to the corresponding medical center in or- der to timely manage the medical condi- tion and reduce the risk of complications. It is at this time that I am explaining to the patient and his relatives what is happen- ing and how it should be resolved, when they tell me that the patient does not have medical insurance of any kind, nor does he have the money available to deal with the medical expenses and due to time differences between our country and theirs, they cannot contact the bank to access more funds than those they carry.

Continued Page 66

the South Pacific Coast

T he Osa Peninsula´s Corcovado National Park for example, has been called by National Geographic ¨the most biologically intense place on Earth¨, with endless stretches of deserted beaches and immense uninhabited rain-soaked forests teeming with fauna and flora which make for magnificent viewings and encounters, making this truly an unforgettable place to visit. As a visitor you have many places to choose from for your stay and from which to organize your visits of discovery. Marenco Biological Reserve, Golfo Dulce Forest Reserve, and Corcovado National Park as well as Piedras Blancas National Park and Golfito National Wildlife Refuge are just some of the places offering plenty to see. Corcovado for example can get over 25 feet of annual rainfall! At higher elevations, and where there is lots of water, you will find a plethora of wildlife including Central America´s largest population of scarlet macaws and over 155 reptile species and more than 400 species of birds, definitely a nature lover´s paradise. Sportfishing, diving, surfing, whale and dolphin watching tours, bird watching, sailing and other water sports, canopies, nature treks on foot and on horseback and much more are all here just waiting for your very own voyage of discovery. The South Pacific Coast is an area that ex- tends from Dominical in the North, past Uvita and Ojochal all the way to the Osa Peninsula and Golfito in the South. This long stretch of beautiful coastline is one of the most beautiful and unspoiled areas of Costa Rica as it concen- trates much of Costa Rica´s natural beauty.

Photo by Irving Dávila

36 COSTA RICA REAL ESTATE MAGAZINE

SOUTH PACIFIC

Photo by Irving Dávila

I t is only natural that an area with so many attractions is also a real es- tate investor´s dream. Whether you are looking for a vacation home to use part time and place as a vacation rental the remainder of the year, or you are looking for permanent year-round home to relocate or retire to, this area has it all. From small to large develop- ments of homes and condominiums, on the slopes of a mountain with endless ocean views or right next to the ocean and everything else in between, this is a good time to stake your claim as this area, specially from Dominical to Uvita

and Ojochal is experiencing a boom as more and more people become savvy to this mostly undiscovered paradise. Here you will find a great variety of high-quality restaurants to choose from as well as a variety of Hotels in all price ranges including 5-star hotel accommo- dations that will take your breath away. There are many improvements in the works, from a planned international airport, to major medical facilities, and many other improvements which make this an ideal time to enjoy the best nature has to offer and get a great investment too. That´s a hard combination to top!

Photo by Irving Dávila

COSTA RICA REAL ESTATE MAGAZINE 37

Medical Services Bahía Ballena

General Medicine & Surgery

Attention for adults and children Pap- smear EKG Intravenous treatment Driver´s license physical exam Minor Surgery and biopsies Nebulization Dog’s certificate Sample taking for Laboratory

Medicina General y Cirugía

Neural Therapy High-dose intravenous vitamin C Aromatherapy Acupuncture Bioresonance EFT ( emotional freedom technique) Reiki

Hormonal Therapy with Bio-identical Hormones

Attention: Monday thru Friday (call for Appt.)

Dr. Mauricio Esquivel G. Phone: (506) 2743-8595 • Mensajes al (506) 8839-4492 • serviciosmedicosbb@gmail.com Uvita de Osa, Bahía Ballena, The Dome Plaza, Office #8

38 COSTA RICA REAL ESTATE MAGAZINE

Serving the Southern Zone Since 2010 Serving the Southern Zone Since 2010

SOME OF OUR SERVICES SOME OF OUR SERVICES

Don´t leave Ojochal without enjoying our delicious food!

Restaurante Fusión es un restaurante tranquilo y familiar, contamos con una gran variedad de platillos internacionales, fusión y Japone- ses preparados con productos orgánicos. Además tenemos una extensa variedad de vinos y licores nacionales e internacionales. Nuestro personal está atento para hacer de su visita un momento agradable.

Fusion Restaurant It is a quiet, family restaurant, we have a great variety of international dishes, fusion and Japanese prepared with organic products. We also have an extensive variety of national and international wines and spirits. Our staff is ready to make your visit a pleasant moment.

International Fusion and Japanese Cuisine.

(506) 27865152 Cel: 8994-8998

Fusión Restaurante & Bar

200 North-West from Grupo de Materiales La Costa, in front of the Coast Highway.

fusion2017S@gmail.com

“...-what a treasure! Delicious food with vegan and gluten free options. Their service is great and the decor beautiful!”

Review

Open Tuesday-Sunday from 11am to 4pm (506) 2786-5407 6 km south of Uvita, km169 on highway 34, Playa Ballena www.ballenabistro.com

COSTA RICA REAL ESTATE MAGAZINE 45

Where Family and Great Friends Meet for Great Food Mediterranean Restaurant Bar Boutique Store +506 4702-3939 300 Meters North of the Uvita gas Station Beehive Restaurant

Your Dream Destination in the South of Costa Rica!

Cristal Ballena Hotel is located in Costa Ballena, in the famous Osa region of Costa Rica, in a 12-hectare reserve. This beautiful 4-star boutique Hotel is embedded on a hill between the Pacific Ocean and the rainforest covered mountain. This unique position allows breathtaking ocean views while a cooling breeze is coming from the mountains. Especially the daily sunsets are occasions in your life you will never forget.

Tel: (506) 2786-5354 Fax: (506) 2786-5355 Cel: (506) 8390-6863 Toll Free Canada+USA: 888-800-1923

info@cristal-ballena.com

7 km al Sur de Uvita, Costa Ballena, Puntarenas, Costa Rica

cristalballena

cristal-ballena

WWW.CRISTAL-BALLENA.COM

COSTA RICA REAL ESTATE MAGAZINE 47

Just add love We’ll do everything else.

Every relationship needs a little El Castillo time, whether you’ve just met or you’re celebrating a milestone anniversary. With sumptuous decor and design, skilled and talented staff, a renowned Chef, and the most spectacular view in the Southern Zone, we have everything you need for the perfect romance. We can organize unforgettable day trips or you can never leave your room, just bring the love.

El Castillo Boutique Luxury Hotel Phone: +(506) 27865543

Web: elcastillocr.com info@elcastillocr.com