Escazú, Costa Rica has long been known as a high-end neighborhood that is home to the country’s economic and political elite. Expats who are seeking a modern, urbanized lifestyle have been drawn to this suburban mecca which is recognized as one of the most desirable locations throughout Central America.
Yet Escazú is much more than a mixture of upscale properties and modern amenities. Looking at Escazú as a place for investment potential, both in terms of rentals and residences, can provide a different and important perspective about this popular city.
Long acknowledged as one of the wealthiest places in Costa Rica, Escazú has become known for its exclusive neighborhoods, modern amenities, expensive shops, and restaurants. It has also become known as one of the most preferred expat enclaves throughout Latin America.
What is not often realized, however, is that those features are just a part of what makes Escazú such a unique opportunity for investors and expats alike. Beyond the glamour of Avenida Escazú, the Multiplaza, and similar areas, Escazú’s popularity among foreigners also makes it a great place to live and/or invest for both the short and long term.
TTimes
Three Cities in One
Escazú, Costa Rica actually consists of three different communities, each with very different characteristics. Located on the slopes of Cerro Escazú, these three neighborhoods are the key to what makes this popular city so special.
San Rafael de Escazú
This is the lowest in elevation and closest to San Jose. Easily the most trendy and developed section of the city, San Rafael is the commercial drawing card with international dining options, upscale accommodations, and a vibe that could remind many of Beverly Hills, but with a distinctly Costa Rican atmosphere. The large, English-speaking expat community is also centered here.
Escazú Centro
Located a mile further up the slopes, the actual name of this neighborhood is San Miguel de Escazú. This is the original colonial town of Escazú which is laid out around the town square as was the design of that era. This community captures the true local flavor of Costa Rican culture with many local restaurants and shops providing a dynamic contrast to the more developed metropolitan area of San Rafael.
San Antonio de Escazú
The smallest and quietest of the three neighborhoods, San Antonio sits higher still on the Cerro Escazú slopes. Luxury properties are blended in with the more rustic rural homes of the native Costa Ricans. Preferred by expats seeking a quieter lifestyle, this small community captures more of a small-town feel than its more active counterparts below.
It can truly be said that the community neighborhoods of Escazú make up a perfect microcosm of 21st century Costa Rica. From a well-developed cosmopolitan atmosphere with modern amenities, to a truly “tico-style” village, and, finally, the peaceful vibe of a small town, Escazú, Costa Rica demonstrates the living and investment possibilities of this Central American destination like no place else.
Doug Massey
A Great Base Camp for Exploration
One of the most important features to consider about Escazú, Costa Rica is its prime location as a base for exploration, not only for Costa Rica, but the rest of Central America as well. Being just minutes away from the major international airport of Juan Santamaria in neighboring Alajuela makes getting in and out the country extremely convenient.
Sitting at the gateway to the Central Valley and the recently completed Caldera Pacific Highway, Escazú is a great place to start your Costa Rican adventures. Popular destinations such as the Peace Garden; Poas and Arenal volcanoes to the north; and the surfing beaches of Jaco and Playa Hermosa Puntarenas to the south are easy to get to via car, shuttle, or tour bus.
Casa de Lujo
A Different Perspective on Escazú Costa Rica
Some Examples of the Wide Variety of Escazú Properties
Escazú, Costa Rica has a wide variety of properties that range from comfortable condos to luxurious villa-style homes. Below are several examples that demonstrate this variety.
Corner high density lot in great location. If you thought that there weren’t any opportunities to create and develop your own building project in Escazú, think again! This corner lot is close to the commercial area, including banks, schools, and restaurants. The flat topography will make construction much easier. At $452,000 this prime location promises a great return for the money.
2-bedroom, 2-bathroom condo. It’s not necessary to be a millionaire to live in this great community. This attractive, first floor condominium is located in a well-maintained community with amenities such as a playground, pool, and 24/7 security. The unit itself has 2 bedrooms, 2 baths, a kitchen with modern appliances (less than two years old), office, living and dining rooms and much more. Furniture can also be negotiated if you don’t wish to add your own. This ready-to-occupy gem is being offered at only $140,000.
Luxurious 4-bedroom 4-bathroom single family home. When describing this spacious 4-bedroom, 4-bath single family home, the key word is “luxurious.” Located in a high-security, gated community that has television monitors, motion sensors in every home, a perimeter wall, and a gated and guarded entrance, this property sits on a 0.3 acre well-maintained lot. The living space is a majestic 5,813 sq. ft.
This two-level structure has modern state-of-the-art appliances and high quality finishes throughout. The first floor has a large open kitchen, an auxiliary dining area, a comfortable living room overlooking the spacious terrace and garden area, maid’s quarters, and a BBQ area. The second floor has four spacious bedrooms, each with their own full bathroom and air conditioning unit. In addition, the community has a clubhouse for parties, a large heated pool, and playground. Clearly, this home is worth the $1,150,000 asking price.
More Than Just a Pretty Face
The magic and possiblities of Escazú Costa Rica go far beyond its reputation as a bastion for the well-to-do. Whether looking for a base from which to explore all that Costa Rica offers, finding a vacation home that can also bring good returns as a rental property, or developing a new project, Escazú should be high on the list of places to consider. Visiting this special city is the best way to appreciate all that it offers, and now is the best time to start the adventure.
Escazú, Costa Rica has become one of the pre-eminent expat enclaves in Central America. Filled with exclusive shopping and high-end residential developments, Escazú retains the magical elements of its past while delivering a vision of contemporary living.
Jonathan Pio
Escazú, Costa Rica Has Always Been the Place to Be
As Costa Rica continues to flourish as a desired location for expats, retirees, and investors, Escazú has become the centerpiece for the potential that waits in the land of Pura Vida. Even from its earliest history, this Central Valley oasis has been a desired location for growth and prosperity.
Escazú, Costa Rica – Historically, a Place to Rest and Settle
Escazú, Costa Rica has historically been a place for travelers to stop, settle, and begin a new life. The city’s name comes from the ancient indigenous phrase: “Izt-kat-zu” meaning “place to rest” or “resting stone”.
Legend holds that the ancient Huetar/Guetar group of the Chibcha tribe would pause here during their trek between the villages of Aserri, south of San Jose and Pacaca in Ciudad Colon. It is not surprising that modern day Escazú has become a preferred resting place for those seeking their own place in paradise.
In 1755, Spanish settlers removed the native population to San Jose by force. With the completion of the church of San Miguel in 1799, Escazú was reestablished and designated a city in 1920 by the Costa Rican government.
Escazú, Costa Rica – Myths and Magic
Beneath the modern surface of Escazú lies a wealth of myth and magic. Known to locals as La Ciudad de las Brujas (City of Witches), Escazú has embraced the legends of the past in its municipal seal and the local football team, Brujas, F.C.
Perhaps the most notorious of the brujas of Escazú, Costa Rica is Zárate who, it’s claimed, has terrorized the city for years. Living in the caves at Pico Blanco, Zárate is the rooster who crows at midnight, the fog from the mountain, and the sound of the ocean on the mountain where no ocean exists.
Another legend mirrors the Celtic myth of the banshee. Like her Irish counterpart, the Llorana cries at the edge of riverbanks at night, mourning the death of her child.
Not all of the legends involve the dark side. Nicomedes is a benevolent male witch, or brujo, who cured disease and removed curses with his magical potions and spells.
Festivals in Escazú, Costa Rica
One of the most important festivals in Costa Rica occurs in San Antonio de Escazú, one of three communities that make up this affluent and prosperous suburb of San Jose. Celebrated on the second Sunday in March, Dia del Boyero (Day of the Oxcart Driver) features parades of decorated oxcarts from all over Costa Rica, colorful costumes, local food, and celebration of the lifestyle that is the bedrock of Costa Rican living.
For those seeking a more contemporary celebration, the new outdoor mall and entertainment complex at Avenida, Escazú has become home to Costa Rican Craft Brewer’s Association Annual Craft Beer Festival. Though only in its third year, this festival has grown in popularity and for the opportunity it provides for visitors to discover the growing world of craft beer.
FGr
Escazú’s Location – Central to the Best Places in Costa Rica
With the number of major airlines that fly into San Jose on a daily basis on the upswing, there are many options for economical flights from the U.S. to Costa Rica. Additionally, both Nature Air and Sansa, two domestic carriers in Costa Rica, provide inexpensive flights to other destinations, such as Quepos, Liberia, Tamarindo, and Nosara.
Escazú is just a thirty minute drive from the Juan Santamaria international airport in San Jose. Nestled in the Central Valley, the community offers a ready access to some of the best attractions in Costa Rica.
Most of the major hotels in Escazú offer free shuttle service to and from the airport on a 24 hour basis. For private rentals and smaller establishments, the fleet of private cabs and shuttles make getting from the airport to Escazú both easy and affordable.
Volcanoes and Butterflies – Arenal, Poas and the Peace Garden
The beauty and biodiversity of Costa Rica is readily accessible from Escazú. The 29,960 acre Arenal National Park, home to the majestic Arenal Volcano, is only a scenic two and a half hour drive from Escazú; Poas Volcano National Park and its stunning water-filled crater is only an hour away.
The Peace Gardens at La Paz Waterfall are renowned for the vast collection of colorful indigenous butterflies, 40 species of birds (including 20 varieties of hummingbirds), endangered native mammals, and the breathtaking La Paz Waterfall. The one hour drive from Escazú makes this popular attraction readily accessible to visitors.
Tripadvisor
Escazú, Costa Rica – Not Your Average Expat Neighborhood
Recognized as one of the wealthiest areas in Costa Rica, Escazú has become a focal point for shopping and entertainment not found elsewhere. Avenida Escazú, a trendy shopping complex, is home to many international brands and is the proud location of the first Starbucks in Costa Rica.
The Avenida Escazú is also the location for Costa Rica’s first IMAX Theater and a Gourmet and Organic Market where organic and artisanal foods and products are on sale every Saturday.
The Multiplex Escazú is widely known as the most luxurious mall in Costa Rica. With stores like Armani Exchange, Tiffany and Company, Carolina Herrera, and Guess Lacoste, the Multiplex is truly Costa Rica’s Rodeo Drive.
Escazú, Costa Rica Cost of Living – Pricey But Worth It
Not surprisingly, the cost of living in Escazú, Costa Rica is higher than other parts of the country. Escazú’s location in the Central Valley combines the more moderate climate ( low 80s during the days and low to mid 60s at night) of the region with a standard of living comparable to many modern U.S. cities.
Rents for apartments/condos in the city center can range from $740 to $2,220 per month. The price will depend, in large part, on the number of bedrooms, amenities, etc. that are included.
Utilities in Escazú are also higher than other parts of the country. Basic heat, water, electricity, and garbage for a 900 square foot apartment can be expected to average between $65 and $70 per month. Extras, such as internet, phone, and cable will add to the cost depending on usage and bandwidth desired.
There is a wider range of grocery and food options in Escazú than most of the rest of Costa Rica. There are a number of “western” style stores that carry American and other imported products (with higher prices) as well as local markets, such as Maxi Pali and Mega Super, with more local flavor and price points.
Top Quality Health Care at Affordable Prices
Escazú has the distinction of being the location for CIMA Hospital. This facility is one of the highest ranked in Central America and the only one accredited by the U.S. Department of Veterans’ Affairs. In addition to being one of the most prestigious centers in the region, CIMA has also become the “go-to” location for the growing medical tourism industry in Costa Rica.
Escazú May Not Be Your Tropical Escape
For all the positive aspects of living in Escazú, this urban mecca may not be for everyone seeking a true Central American/Costa Rican experience.
As the city has continued to expand, the amount of congestion, both in terms of foot and vehicular traffic, has also increased. As a result getting from point A to point B can seem more like rush hour than a leisurely jaunt.
The emphasis on modernization has erased much of the rustic feel of Escazú. If a slower-paced, less frenetic environment is a must-have, Escazú will not be high on the list.
With the higher cost of living and higher property prices (rent or purchase), Escazú may be too pricey for some. Budget concerns are a definite consideration in moving here.
Lastly, Escazú is not a beach town. Getting to one of Costa Rica’s fine oceanside locations will involve either a lengthy drive or a commuter flight from the Central Valley. The lack of closeness to the ocean may be a deal-breaker for those needing ready access to surf, sand, and sun.
Buying and Investing in Escazú, Costa Rica
With a solid infrastructure, increasing property values, a growing expat community, and high-end amenities, property in Escazú promises a solid return on investment. With the revitalized real estate market and an increasing interest in relocation outside of the U.S., Europe, and Canada, Escazú’s potential for continued growth is very bright indeed.
Escazú Has Opportunities for Every Dream
Looking for property to purchase for personal use or long-term investment in the Escazú area may seem daunting at first. It is true that real property in Escazú does carry a higher price tag. At the same time, the Central Valley and Escazú in particular offers a quality of life not easily matched elsewhere.
Perhaps the best place to begin is to decide what kind of property is desired and what its use will be. Undeveloped lots and farms, modern detached turn-key homes, condos, and apartments are all possibilities both in Escazú proper and in the surrounding areas. Looking to see what is on the market can provide clarity to bring a long term plan into focus.
Visit Escazú and the Central Valley and See the Possibilities That Await
An important aspect of relocating, buying or investing anywhere is to physically visit the location to experience it for yourself. Seeing firsthand what Escazú has to offer is the best way to decide if this affluent and unique Costa Rican community is a place that could fulfill the “Pura Vida” dream.
Equally important is to communicate with others who have already taken the journey. There are many expat blogs and social media connections that can give valuable insight on the ins and outs of expat living and investing in Escazú and elsewhere in Costa Rica.
Asking questions, doing the research, and visiting Escazú itself are the foundations for both a successful relocation and making the most of a great investment opportunity.
Map of Escazú , Costa Rica
Escazú , Costa Rica Fast Facts
- Population: 14,815
- Typical temperature: average maximum temperature is 70 to 81°F
- Nearest airport with U.S. flights: San Jose, Costa Rica
- Nearest U.S. consulate: San Jose, Costa Rica
Heredia, Costa Rica has a unique combination of a rich historical past, relaxed country-style living, and the convenience of a Central Valley location. As one of the most desirable destinations for expats and investors in the country, Heredia has a great potential for return on initial investments with the amenities of a modern, developed community.
With so many options available, Costa Rica continues to be a prime expat destination. Heredia is one such location that can satisfy the desire for a less hectic existence without sacrificing modern conveniences.
Samuel Anugual School
Heredia’s Historical Roots
Long before the Spanish arrived, the area in what is now present-day Heredia was occupied by the indigenous Huetares led by a prominent chieftain, Garabito. Throughout much of middle 1500s, Garabito contested the area with the Spanish and today is viewed as one of the best known tribal leaders in Costa Rica.
In 1706, Spanish settlers established a church known locally as Alvillria. A decade later, this small settlement was moved north to a location known by the Huetare name of Cubujuqui. The community continued to grow and in 1763, was given the status of “villa” and renamed Heredia in honor of the president of the Audiencia of Guatemala, don Alonso Fernández de Heredia.
Following independence from Spain in 1821, Heredia along with Cartago decided to become part of the new Mexican government while the other two major cities, Alajuela and San Jose wanted to be independent. A short civil war resulted in a four year rotating capital city arrangement.
As a result, Heredia became Costa Rica’s capital in 1835 until the arrangement was rescinded some years later.
City of Flowers
Heredia’s nickname is the “City of Flowers.” The lush gardens and wide variety of stunning flora in the area are said to be the inspiration for the name.
There is a second version that states that the correct nickname is actually the “City of Flores” after a prominent political and social family who lived there in the 19th century. A third, and more romantic origin, is that the city’s name comes from the beauty of its women.
Mario André Cordero Alfaro
Heredia Today
Heredia has become an important hub in the vibrant Costa Rican economy. A number of technology companies have made their home in the area, adding to the prospect of growth in the future.
Additionally, Heredia is also the location of the National University and several Spanish language institutes. The combination of instruction and immersion in Costa Rican culture holds tremendous potential for the future of the region and the country as a whole.
Tico Timess
What Makes Heredia, Costa Rica a Great Investment
Heredia has some unique qualities that enhance its desirability as an investment location. Expats have long known that this Central Valley gem has an intrinsic value as well as a great potential for a positive return on their initial expenditures. Here are some of the highlights:
Reasonable Cost of Living
The cost of basic utilities in Heredia compares favorably with other Central Valley communities. The range for electricity, water, garbage, and internet/cable is a reasonable $104 to $120. Importantly, more moderate temperatures means not having to use air conditioning (a major factor in electricity costs) as much.
Being located just ten kilometers from San Jose, Heredia has a wide variety of properties for sale or rent. The choices can range from small “tico style” houses to modern condominiums to luxurious single family mansions.
The amount needed to rent or purchase is a direct reflection of the location (city center versus more rural), type of property (single family or multi-unit) and amenities included. Locations further away from the major metropolitan area are more economical than those closer to the major centers of Escazu and San Jose.
It’s All About Location
Heredia is, literally, in the heart of the action in the Central Valley. Close to the major metropolitan areas of San Jose, Escazu and Alajuela, shopping and entertainment are within easy reach.
Located in the foothills of the now-extinct Barva Volcano, Heredia still retains its essence as a quiet community whose pace of life is not as hectic as its larger neighbors.
Close and Convenient
The Juan Santamaria International Airport is less than a half an hour drive away, making Heredia an easy destination for travelers from the U.S., Canada, and Europe. Rental cars, private shuttles, and public buses are both inexpensive and plentiful.
Heredia is also close to several of the most popular tourist locations in the country. The Arenal and Poas National Parks are home to two of the most stunning and most visited volcanoes in Costa Rica.
There are several coffee plantations located in the Heredia area offering tours and tastings. Various celebrations and the weekend farmer’s markets provide a unique opportunity to experience life the “pura vida” way.
Though not close to the beach, Heredia’s proximity to the airport makes flying to one of the beachfront communities along the Pacific an easy option. Both Sansa Air and Nature Air offer domestic flights to beachfront destinations like Nosara and Tamarindo.
Central Valley
Great Climate
The weather in Heredia is one of its most desirable features. With temperatures in the 75-80 degree range, the need for constant air conditioning is greatly reduced; a real benefit on the budget as well.
Language Is Not a Barrier
One of the most attractive features of Heredia (and the Central Valley in general) is the large expat community that lives in the area. While having some knowledge of Spanish is always useful, there are abundant English speakers in the area, making daily living that much less of a challenge.
Making the Most of the Money
Heredia, Costa Rica holds a great potential as a source of rental income for those who aren’t quite ready to make Costa Rica their full-time residence. Tourists and vacationers will find the Central Valley location, ease of airport access, and proximity to modern amenities a desirable alternative to staying in a hotel. With the growing number of internet-based resources, gaining a strong return on the initial investment is easier than ever.
Map of Heredia, Costa Rica
Hererdia, Costa Rica Fast Facts
- Population: 13,500
- Typical temperature: 70 degrees Fahrenheit
- Nearest airport with U.S. flights: San Jose, Costa Rica
- Nearest U.S. consulate: San Jose, Costa Rica