Developing Property In Costa Rica

The Southern Pacific area of Costa Rica is still relatively undeveloped and there is a high demand for affordable parcels of land, prebuilt houses, apartments, condominiums and commercial.

Axxis Realty is experiencing a high demand for these types of developments and highly encourages developers to consider this area for investment.

The steps generally taken to develop in Costa Rica are as follows: (Please contact Axxis Realty for more details)

- Choose a reputable real estate company with experience in development

- Work with the realtor to locate a piece of land with access to good roads, electricity and water. Also consider the natural features associated with the property (ocean view, ocean front, rivers, waterfalls). Review the zoning restrictions and minimum lot sizes associated with the area. Make sure that all of your criteria is met.

- Hire a certified surveyor to evaluate the property and determine the most efficient and profitable way to subdivide the property. He will be invaluable in informing the developer on what can and can't be done with property in the desired area. He will also be able to give general estimates on road construction, and distribution of water, electricity and sewage.

- You may also want to hire a certified engineer to evaluate other aspects of the property such as the suitability of the land for the desired construction.

- Work with your realtor to negotiate price and conditions with the seller. There are many possibilities here including joint ventures and creative financing.

- Purchase the land and title it according to the final purpose.

- Hire the appropriate crews to make the required modifications to the property. Cut roads, run water and electricity to the building sites, etc.

- If you are constructing on the land, hire a certified engineer who will oversee the project and make sure that everything is done "by the book". Begin construction.

- Market the property to the desired targets.

Some good examples of properties that are prime for development

Property 1161 - 157 acres $1,000,000
With 157 acres of impressive ocean view and view of the mountains surrounding Uvita Beach, this property is overflowing with exuberant vegetation. This property is ideal for residential development or for individual recreation. This property has about 40 already determined building sites with ocean view and many more sites with outstanding mountain views. You can find howling monkeys and many other species of animals.

Property 904 - 54 acres $549.000
This spectacular property is approx 54 acres of gorgeous ocean views. At 1100 feet Elevation you have almost perfect climate: There are several year round springs on the property for water. There is a minimum of 8 natural home sites which makes this property perfect for development or build that special retreat for yourself You can cut additional building sites. There is a nice view of Punta Uvita. The town of Uvita sits inland from the point. The beach below is named Hermosa beach and is some of the finest Beach in the world: Sparsely visited, this beach is a wonder to see

Property 1129 - 13.4 acres $270,000
This property is 3 lots sold as one. Ocean view, white water and Islands seen on all 3 lots. 2 creeks, one spring feed year round. A nice size water fall and 4 others. Valley views of the beautiful San Juan de Dios valley. Many fruit trees, palms, and othe woods in a park like setteing. Very clean with 4 flats ready to build. Elect. in place. A road runs through and a road boarders. 2 wheel drive from the San Isidro - Dominical road is only 4 minutes. Dominical is only 20 minutes as is San Isidro. Cooler than the beach. Private and full of birds, butterflies, and flowers.

Property 1463 - 108 acres $300,000
This property has precious views of Golfo Dulce and Dikis Valley. Has an exuberant forest. A large diversity of animals including monkeys and lapas. The highway passes parallel to this property. The property comes complete with water and electricity. Many building sites available. 50% of the property is flat. Accessible by a 2x4 vehicle.

Platanares, Puntarenas - 100 acres $365,000
This property has amazing white water ocean views of Manuel Antonio, Ballena and Drakes Bay along the complete top ridge. It doesn't have any primary growth trees so the complete property can be developed without restriction. The property is located 35 minutes from San Isidro (the fastest growing city in Central America) and 10 minutes from Punta Uvita beach in summertime. This property has at least 30 natural building sites. A small creek runs through the property. Electricity and water are available. Another property in the area with similar characteristics is available for sale for $500,000.

Axxis Realty is capable of assisting in the complete development process. Please consider our company when you want to investigate developing in the Southern Pacific of Costa Rica.