Costa Rica – hedge your land purchase
July 13th, 2009 categories: Costa Rica, Costa Rica Buyer Tips, Costa Rica properties
Del Pacifico, a master planned community of 700 acres on the Central Pacific coast of Costa Rica, between Jaco Beach and Manuel Antonio, is offering a limited number of single family home sites with not only a money-back guarantee, but with a guaranteed rate of return. The current “jewel” of the central Pacific coast is the Marriott Los Suenos resort – just 20 minutes away is a lower priced alternative that hasn’t yet reached its development potential. If the luxury boutique beachfront hotel and golf course are built at del Pacifico, the value of the lots should go up significantly, in which case you can sell your lot or build on it. If that doesn’t happen, the developers of del Pacifico are offering a special “repurchase option” on a limited number of lots. If you decide not to build yourself or sell during the first 5 years, the developer is agreeing to repurchase the lot at the end of 5 years for 140% of the initial purchase price! That’s better interest for you than a current CD and lower interest for the developer than current construction financing. Mountain view lots start at $200,000 and ocean view lots start at $250,000. Finished condos and single family homes are also available.
Contact The Simms Team at ALVA International, Inc. for more information.
[…] Since this is a tax only on the improvements, there won’t be any additional taxes on lot purchases. […]