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The world economy has slowed making it difficult to find solid real estate investments in the developed world. Fortunately, stable developing countries, like Costa Rica, are destined for economic growth out of necessity. The World Bank says Costa Rica is "one of the most stable and robust democracies in Latin America . . . with a healthy economic growth rate . . . and some of the best social indicators on the continent! The country offers such tremendous potential to real estate investors not only because of economic and political stability, but also because of attractive investment fundamentals:
High demand for retirement homes (80 million Baby boomers)
Relatively low supply of quality homes
Fee simple property title (foreigners can own title)
Creative financing options and bank mortgages available to foreigners
Low cost of Land
Low cost of construction ($50 -$80/sf)
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Situated on meticulously landscaped ½-acre lot, this property features a 2 bedroom - 2 bathroom main home and a loft-style guest house. Located in a desirable neighborhood in Atenas, the area is a nice blend of expats and locals.
Only minutes to Atenas, said to have the Best Climate in the World, a tranquil coffee town about 20 minutes to Santa Ana, 30 minutes to CIMA hospital, and 30 minutes to the Pacific beaches.
The property has a beautiful gated entry with remote and intercom access. The main home of 1,400 sq. ft. has been upgraded to North American standards with stainless steel appliances in the kitchen and granite counter tops.The master bedroom has a large slate stone bathroom with natural skylights. The home has an open living/dining room combination with ceiling fans, and a laundry room with hot water throughout.
The large wrap-around porch has beautifully tropical bamboo eaves and is perfect for reading a good book in your hammock while listening to the pleasant sounds of the river. The elevation of 2,800 feet makes for the perfect climate to enjoy outside living. New screens on all windows.
The 2-story guest house has a unique barn-style roof. The entire second floor has ample space for bedroom and living room area and a covered balcony. The vaulted ceiling has wood beams and is finished with bamboo and 2 ceiling fans. The bottom floor has a half-bath and an open-air kitchen area with a large grill and breakfast bar.
The ½-acre level property is landscaped with many fruit trees including oranges, limes, mangoes, bananas and papayas. A vegetable and herb garden is already producing and can be expanded, while many exotic birds visit to share in nature’s bounty. There are stone walls and a staircase down to the river’s swimming hole. This is the perfect property for an avid gardener and there is plenty of room to install a nice-sized pool.
The property has Satellite TV and high-speed Internet is readily available. For all that this property offers, it is a rare find in Atenas REDUCED to $179,000.
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