The real estate market in Costa Rica is quite diverse, allowing anyone interested in a retirement home in Costa Rica to find the perfect option. From land and a vision to ready-to-live-in homes and apartments, great buying opportunities await new homeowners!
(For anyone looking for their dream property in the Guanacaste Costa Rica real estate market, North Guanacaste is the place to start your search.)
The cost of construction is almost identical throughout the country, but the location greatly affects the price of land. The most expensive area is the Gold Coast, located on the northwest coast, where lots with ocean views can cost more than $500,000; It is necessary to mention that such lots are incredible in terms of views and proximity to nature and the sea and are good purchases for people who can spend that kind of money. In the less developed coastal areas of the Pacific Ocean, lots can be up to 75% cheaper than on the Gold Coast.
Construction typically costs around $100 per square foot, so even on the Gold Coast, $300,000 can get you an ocean view lot that features a beautiful 3-bedroom, 2-bathroom home. A larger retirement home in Costa Rica, in the 5,000-7,000 square foot range, costs more than a million dollars. Construction costs vary, depending on materials and builders, among other things.
Many people want to play a part in customizing their own home from scratch, but the market is also full of fabulous turnkey homes and condos that have received a lot of love. Most homes and condos come turnkey, with all necessities included in the sale. Prices are pretty low right now, but it looks like the market is on the upside. Building a house from scratch and buying a house off the shelf are great options; it just depends on your wishes!
Beachfront and ocean view real estate homes in Guanacaste are in high demand. Although it is expensive, it is very nice to see the ocean from the comfort of your own living room. Beach development opportunities are available, although very limited in highly desirable regions.
The Mar Vista luxury eco-community has projects and interests throughout Costa Rica, and we have been building and doing business here for over 22 years. We are committed to connecting you with the retirement home of your dreams in Costa Rica, and our selection and list of options is quite extraordinary, so contact us anytime!