| TOP (286) :Central America (31) : Costa Rica (13)
One Acre Building Lots Now Available at Blue River Estate in Costa Rica
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| Property Group | Residential | | Property Type | House or Villa | | Lotsize | 1.00 acres | | Restricted Subdivision | YES | | Waste System | Septic | | Price | US$ 49,990
For Sale |
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| Location | Blue River Estate | | Nearest City | Alajuela |
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| | For further details contact
John Wallace
143 Longview Drive
Chatham, 12037, NY
United States
Phone: +1-518-392-7062
Fax: +1-877-875-5704
http://www.worldrealtynews.com |
Listing has been viewed 269 times |
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This once in a life time opportunity is aimed at those seeking a life-style steeped in nature at an affordable price that includes an opportunity to earn rental income. Blue River Estate consists of 37 residential properties, each plus/minus 1 acre property lots for sale in Costa Rica’s north pacific region. The lots are subdivided within 76 acres of cloud forest parkland. Each lot is rolling and lush. Every property enjoys spectacular views overlooking the volcano at nearby Rincon de la Vieja national park to the south and distant Lake Nicaragua to the north. There is a stunning 26 acre private park that lies along the limpid blue river, Rio Penjamos. Many beautiful waterfalls feed into the river and there are trails for walking and horseback riding.
Owners and their guests receive free membership privileges and discounts at Blue River Resort & Hot Springs – with its natural mineral hot springs, spa, botanical gardens restaurant and so much more. These Blue River Estate Costa Rica properties must be visited to be believed.
At current prices, the lots for sale represent a ground floor opportunity. Let us help build your dream home and achieve the lifestyle you’ve always wanted.
Blue River Estate consists of 37 parcels of 1+ acre lots, subdivided within 76 acres of lush parkland alongside 600 m of riverfront. You'll be overwhelmed by the beautiful plants and flowers, birds and butterflies, and other wildlife that surround the Penjamo River - the bluest of volcanic blue rivers – which runs through the property. The climate here is cooler than at the beach and mildly humid. Right now, this is a ground floor opportunity.
All 37 lots are approved for sale (escaturas - in Spanish). So you can choose lots along the quiet public road (calle pública 1400), interior lots along the private estate roads and even one along the river. Views of the Rincón de la Vieja volcano and Lake Nicaragua are fabulous (see pictures). Each lot is rolling and lush. Many have special water features, like ponds for fish and one even has a horse stable. They really must be seen.
Approximately 35% of the property has been set aside as a private park that runs along the volcanic blue river Penjamo. Owners will enjoy paths, and a hot spring creek that ends as a cascading waterfall before feeding the Penjamo River. Swimming in the river or soaking in the warm spring water –its your choice. The pictures don’t do it justice.
All lots are serviced with water and electricity. A Home Owners Association is prepared, outlining fair and just treatment to ensure the maximum benefit of all owners.
Create your escape-home or simple get-away on the lot of your choice and have a rainforest as your backyard and a National Park as your neighbor. Assistance with architectural plans and builders is available.
Many visitors, both from Costa Rica and foreigners, are now discovering this region; for many years it has been tucked away and a little hidden. But now that the Liberia airport is a hub for the many flights from within Costa Rica and from destinations all over the world, it has become very convenient to visit the region. Dos Ríos offers breathtaking views, cool climate, eco tourism and a wide variety of activities, without the hectic movement and crowds you find in other areas; now is the perfect time to come and experience it!
Amenities:
Membership Has Its Privileges: Only a few minutes away, owners will enjoy special privileges at the new Blue River, Resort Hot Springs & Spa. Special access to full service amenities include:
Natural Hot Springs Pools
Spa
Gym
Zoo
Butterfly Garden
"One Of A Kind" Botanical Garden
Restaurant
Meeting Rooms
The developer, Cataratas Aguazul DAKG S.A has done its best to simplify the purchase process, reduce the fees and protect the new owner. We recommend title insurance, setting up ownership in the name of a corporation and utilizing the services of a lawyer. Such a package deal has been set up, at the option of the buyer.
The process is similar to that in the United States and Canada. The lots are owned in fee simple and will be transferred in fee-simple. A search on the internet will yield much information. Below are a couple reliable links to good sources.
Property Conveyance Questions
1. How will property be conveyed to buyers of Blue River Estate?
All of the residential properties will be conveyed fee simple. Regardless of your nationality, you may wish to consider holding title in a Costa Rican corporation called, “Sociedad Anónima” or “S.A.” transferring or a limited liability company (“Limitada”). There may be tax advantages when it comes to reselling the property at a later date. We can refer you to a Costa Rican attorney who can explain this process and perform the service as part of the property closing process.
2. Is title insurance available and is a title search performed prior to closing?
Yes. Title insurance provides a guaranty to fee simple ownership of your property and a search of the title provides a property clear of third party rights of possession. Title insurance is not required and it is at the buyers’ option to pay for and obtain title insurance. Your attorney can recommend title companies.
The attorney, can also research the title’s legal standing as part of his/her service at your request.
3. What deposits are required to purchase a lot at Blue River Estate?
The purchase of a home-site lot requires a US $10,000 initial earnest money deposit. Since each buyer will have different desires, such as building a home, other contractual terms will be negotiated separately with each purchase.
4. Is there a contract rescission period?
Unlike in many states in the US, there is no contract rescission period in Costa Rica. Once “Purchase & Sales Agreements” are executed and deposits are received by Blue River Estate, the terms agreed to by the Buyer and Seller is legally binding.
5. Is financing available?
Our bank, the Scotia Bank will be happy to assist you. There are also several local banks that may offer financing to qualified purchasers. Interest rates in Costa Rica are two to four points higher than in North America and for this reason many foreign buyers elect to refinance their homes using money obtained where they live.
6. Can Purchase & Sale Agreements be assigned and/or the property resold to another buyer prior to closing?
Purchase & Sale Agreements cannot be assigned and property cannot be re-listed or sold to another buyer prior to closing without the Developer’s written approval.
7. What are the closing costs, transfer taxes, property taxes, capital gains and other fees associated with purchasing at Blue River Estate?
The seller has put together a package that will include all fees, in order to reduce the cost and simplify the process. However, you can ask a lawyer for an estimate of these items. Buyers are responsible for land transfer taxes and registry stamps totaling approximately 2.3% of the purchase price and Notary fees of 1%. Buyers can expect to pay approximately $1000 to the law firm if they elect to take title to their property in either a Costa Rican S.A. or Limitada.
Property taxes in Costa Rica are significantly lower than in North America. They are currently set at .25% of the registered property value and are payable on a quarterly or annual basis, at the election of the property owner.
There are currently no capital gains tax in Costa Rica on the sale of property or the sale of the shares or quotas of the S.A. or Limitada that owns the property as long as the seller is not in the business of buying and selling real estate, in which case he may be subject to Costa Rican income tax law.
8. How long does it take to transfer legal ownership once funds are received?
Legal transfer begins with the signature of the transfer documents and their presentation to the Registry. The complete process can take up to 4 to 5 weeks, but once the document is stamped as received by the Registry, you have the rights to ownership of the property and no liens or transfers can occur.
9. Are US $ required for deposits and at closing for the purchase of property?
Yes. Funds in US $ are required and can be remitted by cashier’s check drawn on a US bank or more commonly are wire-transferred according the instructions in the Purchase & Sale Agreement.
10. How long does it take to transfer funds?
Typically, 2-4 business days.
11. Do buyers of property in Costa Rica need the assistance and advice of a lawyer?
It is recommended that buyers hire a lawyer to assist with the real estate purchase transaction in Costa Rica. We can help with a list of preferred law firms.
PRICES:
These spectacular 1 to 1.25 acre lots are situated on the most beautiful river in Central American. A blue river full of waterfalls, swimming holes and waterslides. Every lot has deeded rights to the adjoining hot water springs, Botanical gardens, butterfly park, animal rescue center and zoo, Bar, restaurant and hotel. Situated one hour north of Liberia in the small town of Gavilan. Lots start at $49,500 and go to $125,000 for riverfront. This property is the most ecologically wonderful property you will find anywhere |
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