Florida.Simms.com

Choose Your Lifestyle

Categories

Translator

Archives

Escape the cold in Costa Rica

Pacifico Beach Club Costa Rica

 As another cold spell hits St Pete, you may want to consider escaping to Costa Rica. In Guanacaste, on the northwest Pacific coast of Costa Rica, temperatures have been low 70s in the morning, rising to the low to mid 80s in the afternoon – consistent throughout the year. Low humidity, cooling breeze, no need for a heated pool here. It’s warmer than St Pete in the winter and cooler than St Pete in the summer. So – if you’re tired of the cold, hop on a plane for Liberia Costa Rica (LIR) and half an hour later you can be relaxing in the pool or at the beach.

These condos at Pacifico in Playas del Coco, Guanacaste are in a lush, gated community that’s within walking distance of a supermarket and a variety of restaurants and shops. It’s a 5 minute golf cart ride to the Pacifico Beach Club. Furnished resale condos at Pacifico are available from $215,000. Other properties being offered from less than $100,000 to $1 million plus. Contact us for more information on buying a property in Costa Rica.

 

Spoken by Sharon Simms | Discussion: No Comments »

Peninsula Papagayo doing well

Papagayo Beach Club

Papagayo Beach Club

Peninsula Papagayo

in Guanacaste, Costa Rica, was the subject of a recent interview Kevin Brass of the International Property Journal recently had with Steve Grubba. Sales have increased this year at Peninsula Papagayo for single family homes, condo/villas and building lots. You may know this peninsula in northwest Costa Rica by the Four Seasons Resort at the tip of the Papagayo Peninsula. According to Grubba, the turnaround started in December 2009. Most of the current buyers are people planning to live in Costa Rica, or spend time there. The Four Seasons branded products have held  their pre-recession values. For the rest of the peninsula, lot prices are down about 30%, condos are down about 40%, and single family homes have held their value. The larger estate homes are in such demand that none are currently available.

Rob and I spent some time on the Peninsula Papagayo in January, had an extensive tour of the peninsula and looked at finished homes, homes under construction, condos, lots and the varied amenities.

Spoken by Sharon Simms | Discussion: No Comments »

Further clarification on the Solidary Tax on property in Costa Rica

Written by Yalile Alpizar, President of Costa Rica Leading Estates in San Jose, Costa Rica

Important clarifications and warnings regarding the Solidary Tax (Impuesto Solidario) or tax to luxury homes in Costa Rica

The Solidary Tax includes land and construction values as part of the calculation of the new tax to luxury homes.  After further clarifications with the Ministerio de Hacienda, and differently from what has been said in several articles and interviews from different media, the Solidary Tax includes the value of the land and constructions as part of the calculations of this new tax to luxury homes in Costa Rica.  There has been some general confusion around this issue mainly because people who own vacant land in luxury locations, luxury gated communities and resorts, were also confused if their land (without constructions on it) would be subject to the new tax, but it is not.  On the other hand the Articles 3 and 4 of the law are not clear enough in that respect.  For this reason, the example of how to calculate the luxury tax without including land value, provided in a previous release, is not applicable.

If you own a luxury property in Costa Rica or plan to own one in the future, and the property has or will have constructions for housing purposes on top, it is important that you are aware of the following:  Read the rest of this entry »

Spoken by Sharon Simms | Discussion: No Comments »

Colinas Paraiso condos Playa Hermosa Guanacaste Costa Rica

View from Colinas Paraiso condos Playa Hermosa Costa Rica

View from Colinas Paraiso condos Playa Hermosa Costa Rica

Colinas Paraiso are relatively new condos on a hillside overlooking Playa Hermosa, a quiet and inviting beach that has been awarded the Blue Flag Award. You can take an elevator to your 2 bedroom 2 bath condo with 1,600 sq ft. Enjoy stunning ocean views and many-hued sunsets. The complex has a community pool and barbecue area and there is covered parking. Condos here on Paradise Hill are currently available from $199,000 to $359,000.

Playa Hermosa, conveniently located between the Papagayo Peninsula and Playas del Coco,  is just a 20 minute drive from the Liberia International Airport.

Excellent restaurant choices nearby.

Spoken by Sharon Simms | Discussion: No Comments »

Bay Point condos selling in Costa Rica

Bay Point condo balcony

Bay Point condo balcony

One of my favorite condo projects in Guanacaste Costa Rica is Bay Point, a small condo complex in the Vistas del Pacifico development of Playa Panama. We saw an unfurnished first floor unit in January, and it sold soon after; we saw a second (top) floor furnished unit in early July, and it also sold soon after. Both were in the $400,000s. The gated development of Vistas del Pacifico is also the location of my favorite Costa Rica house, which also sold soon after I saw it. The neighborhood is on the side of a mountain overlooking the Papagayo Peninsula, with sunsets over the Pacific. The condos have quality construction, open floor plans, and love of light. Accents include tray ceilings, recessed lighting, travertine flooring, natural stone accents, arched entryways, and balconies or patios. There’s a pool just for the condos, as well as a large infinity edge community pool for the use of both the homes and the condos. It’s 20 minutes by car from Liberia International Airport, 5 minutes from the beaches, and 15 minutes from Playas del Coco.

The Papagayo Peninsula is the home of the Four Seasons resort and the Marina Papagayo. There are lots of real estate opportunities both on the peninsula and near it. You do want to have your own representation, so please contact The Simms Team and we’ll introduce you to a trusted colleague in Costa Rica near the Papagayo Peninsula.

Spoken by Sharon Simms | Discussion: No Comments »

Costa Rica isn't all cherries and blue martinis

Enjoy life - and research property

Enjoy life - and research property

This morning (July 29th)  A.M. Costa Rica published an article “Real estate shortcomings are beginning to surface”. Fraudulent land sales in Costa Rica have been around for years – so have land sales in Florida that turned out to be swamp land. Don’t ignore due diligence because you’re enchanted by the surf on the beaches and the unspoiled land and wildlife.

If you’ve ever been to Costa Rica, you’ll recognize the truth in the observation that many developments are just fancy entrance gates and perhaps some roads. Not all developments intent to take advantage of early investors – many have great plans, but don’t have enough sales or enough financing to proceed. Yes, being an early purchaser can get you the greatest rewards due to pre-construction pricing, but that’s because such sales bear the highest risk. Financing, sales, permits, new laws – all these can affect the viability of a project.

There are some great opportunities for buying real estate in Costa Rica – and also some great pitfalls. That’s why we introduce our clients to reputable real estate agents in Costa Rica that we’ve met and vetted. Since real estate agents in Costa Rica don’t need to be licensed it’s important to choose the right one.

Spoken by Sharon Simms | Discussion: No Comments »

Costa Rica – hedge your land purchase

3 bedroom luxury condominiums at Del Pacifico Costa Rica

3 bedroom luxury condominiums at Del Pacifico Costa Rica

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.

Spoken by Sharon Simms | Discussion: No Comments »

Contemporary Villa in Playa Bejuco Costa Rica

Villa los Laureles Playa Bejuco Costa Rica

Villa los Laureles on the Pacific coast of Costa Rica

Villa los Laureles on the Pacific coast of Costa Rica

On our recent trip to Costa Rica, we had the opportunity to experience a stay at Villa Los Laureles. This contemporary home with nearly 5,000 sq ft on 3 acres is located just above the tree line, overlooking the Pacific Ocean between Jaco and Manuel Antonio.  Exceptional privacy awaits at the end of a winding drive up the hill. The 360 degree views are magnificent! Vanishing glass walls allow the inside and outside to merge. You’re surrounded by the beauty of nature and the sounds of birds and animals. Just down the drive is a separate guest house. Nearby you can enjoy world class sports fishing, ziplining through the canopy of trees, or horseback riding along the beach. This property is available for $1,900,000 furnished and is also available for vacation rentals.

Spoken by Sharon Simms | Discussion: No Comments »

Add to Technorati Favorites Directory of Real Estate Blogs Real Estate Blogs - Blog Top Sites

Copyright © 2007 Florida Simms     Agent Login     Design by Real Estate Tomato     Powered by Tomato Blogs