Pristine beaches, adrenaline-fueled activities, and a favorable economic environment are combining to make San Clemente, Ecuador one of the more promising growth locations for investors and expats. This sleepy fishing village of some 2,000 inhabitants could well become part of the next “Gold Coast” in Pacific Latin America.
San Clemente Beach
Ecuador has made dramatic strides to attract expats and investors. With continued improvements to infrastructure and better access to popular coastal areas, interest in the central Pacific beaches promises to increase tourist traffic as well as those seeking investment benefits or an expat paradise.
The Beaches of San Clemente
There are no fewer than seven distinct beaches between San Clemente and the neighboring bluff known as Punta Bikini. Although each one is named separately, they are actually one continuous stretch of unblemished sand.
In addition to the extreme sports that thrive up and down the central Pacific coast, the sands around San Clemente are sun-kissed most of the year, broad, and not crowded; a perfect location for families and those seeking the tranquility of the ocean front.
San Clemente’s Cultural Connection
Visitors to San Clemente also have the opportunity to experience the Manteña-Guancavilca culture. This pre-Columbian civilization flourished in the region from roughly 600 A.D. until the Spanish arrived in 1532-34.
Noted for their skill in raft building and fishing, (much like their modern descendants) the Manteños worshipped the goddess Umiña whose symbol was a large emerald. Umiña was also worshipped in Peru by the Incas; this would appear to show a connection between the two groups.
There are several archeological sites in Manabi where artifacts of the Manteños have been discovered. The most important site is Agua Blanca–believed to be the capital of the Manteña culture.
Located in the Machalilla National Park, roughly an hour’s drive from San Clemente, Agua Blanca is the location of a number of artifacts from these ancient people. Learning about the Manteños and how they lived gives a unique perspective on how San Clemente’s past is shaping its future.
Improving transportation options make getting there less stressful
While there are no international flights directly to the central Pacific, regular flights into Quito have dramatically improved access. With direct flights from Quito arriving at both Manta and Portoviejo, getting to San Clemente has become significantly more convenient. Car or bus travel from either city is a short ride lasting under an hour.
Lower costs make for better budgeting options
While rental properties are limited in San Clemente proper, nearby communities such as Manta or Crucita have a larger selection. Rents outside of metropolitan areas can be as low as $250 per month with utilities averaging under $50 per month; being on the beach can result in higher costs for air conditioning.
As might be expected for a small village, shopping options are limited. Fortunately the larger towns of Manta and Portoviejo are close by and offer many options for groceries and other items.
The Potential Upside for Investors in San Clemente, Ecuador – A Comparison
San Clemente, Ecuador and other beachfront communities on the central Pacific coast today are reminiscent of Costa Rica in the latter part of the twentieth century. Comparing the two regions side by side is a great way to see the possibilities that San Clemente holds for investors and expats looking for new frontiers to conquer.
When the surfing movie “The Endless Summer II” came out in 1994, it introduced Tamarindo and the surrounding beach towns to the rest of the world. The development that followed along the northern Pacific beaches (Playa Hermosa, Playa Flamingo, Playa del Coco, and Playa Langosta) quickly earned the region the title of “Costa Rica’s Gold Coast.”
San Clemente finds itself in a similar situation today. The Manabi province has become a magnet for adventure sports like hang gliding, paragliding and kitesurfing, much like surfing was for Costa Rica.
Centrally located between Manta and Crucita to the south and Bahia and Canoa to the north, this small fishing village is an ideal location for tourist-centered businesses as well as idyllic beach living.
Favorable market values and real estate laws enhance desirability
With so much undeveloped property available, San Clemente’s market is wide open. Additionally, foreigners have the same property rights as native Ecuadorians; in fact, residency is not a requirement to property ownership.
The only limitations on location are those pertaining to the National Security Areas within 50 km of the borders or coastline. Since San Clemente is a beach village, consulting a real estate attorney to ascertain the status of the parcel being considered is strongly recommended.
Since 2000, the U.S. dollar is the official currency in Ecuador. Without having to navigate issues like conversion values, exchange fees, etc., real estate and commercial transactions become much easier than elsewhere in Central and South America.
One example of San Clemente development
Developers have begun to recognize the potential of the San Clemente area for resorts and multi-unit residences. With the Manta airport just a 40 minute drive away, the Vistazul Townhouse project is an excellent example of the return on investment that can be expected.
Consisting of 70 units spread over a 12 acre site, the low density (25% of the property used for structures) maximizes privacy and “green space.” Located next to a new resort, the Parmazul Artisan Spa Hotel, residents also have the benefits of access to hotel amenities as well as the natural beauty of the beach just 200 feet away.
Before You Go, Consider These Facts
For all the promise that San Clemente holds, it is important to remember that it is still a small fishing village with limited resources and infrastructure. Rustic living may not be for everyone, so deciding if modern amenities are necessary is an important first step to take in deciding whether or not to commit time and money.
With very few expats in residence, the primary language for business and day to day living is Spanish. If having to interact in a foreign language is bothersome, this may not be the best option for a retirement mecca or expat escape.
Life moves at a more casual pace in Latin America and in beach communities in particular. Building projects are apt to take longer than planned for and, as a result, can throw off schedules. Dealing with this kind of uncertainty is not something that everyone is comfortable with.
Ecuador’s “Gold Coast” may be the answer for expats and investors who want to be part of something new and exciting. Visiting San Clemente, walking the uncluttered sands, and immersing yourself in village life is the best way to understand if this is the doorway to the next “endless summer.”
Karen
If your fantasies drift toward exotic real estate purchases, you may have dreamed of owning your own tropical island. The reasons for wanting to own an island are as varied as these properties themselves.
For some folks it’s the status. For others it’s the opportunity to own a boutique resort or exclusive guest house with no pesky neighbors. Maybe you’ve thought about developing an island as an investment property, or perhaps it just seems like an ideal location to swing your retirement away in a hammock.
Whatever the motivation, we’re here to tell you owning an island is actually within the confines of feasibility. And if you’re looking to do it for a reasonable price without a huge amount of red tape, you should definitely consider buying an island in Honduras. Here are six good reasons why.
Buying an Island in Honduras Is Simpler Than You Think
Honduras has a stable government that is the second oldest democracy in Latin America and is modeled after the U.S. government. As such, they are very encouraging of foreign real estate investors. Foreigners have been permitted to purchase property there since 1991.
While technically non-citizens can only buy three-quarters of an acre, for about two grand, you can set up a corporation in Honduras, and as the Administrator, you can purchase any size property and set up a Honduran bank account.
Buying an island in Honduras is pretty easy, provided you work with local Honduran real estate agents and attorneys and follow a few basic steps:
- Verify the property history on the property registry, and make sure all tax payments are up-to-date and the title is clean.
- Notarize the preliminary deed to the property. (The notary fee is 3-5%.)
- Pay the 1.5% transfer tax and the 0.15% registration fee at a bank.
- Register the property at a property office. Then the official change of ownership will be filed with the Cadastre office, and you will receive a publicly registered document to that effect.
As the seller pays the agent’s fee in this case, the total charge to the buyer is between 4.65% and 6.65%. The entire process of buying an island in Honduras takes a little more than a month.
Sometimes sellers will finance the property for the new buyer, as Honduran bank financing is only available to legal residents (see below) and citizens. If you own property in the States, it may be possible to take out a second mortgage or line of credit against that and use the cash to buy in Honduras.
Denise Clarke
Honduras Is Still a Bargain
Honduras is still a little bit of a secret in the tropics, but it won’t be for long. The market is starting to rebound after the global economic downturn, and real estate prices won’t stay this low forever.
While it may be tempting to make super lowball offers on properties, it’s best to check on a listing’s history first. If the price has already been drastically reduced, it’s likely the owner won’t go much lower. And if they paid cash for the property, they won’t be upside down on a mortgage and desperate to sell.
Do your homework and partner with a good local agent, and you’ll be able to find something that fits with your wallet.
The overall cost of living in Honduras is about one-third to one-half of the rest of Central America. Property taxes and utility costs are very low, and there is no income tax on money earned outside the country. This allows most investors to either buy more property and maintenance help for their money or to get by on a smaller income.
If you are willing to live like a local (isn’t that why you’re there in the first place?), buying an island in Honduras is an incredible bargain.
You Have Lots of Choices
Buying an island in Honduras is like being Goldilocks. If this one is too big and that one is too small, you can still count on finding one that’s just right with the variety of properties available there. From tiny uninhabited atolls nestled in sapphire waters to fully developed luxury paradises, there is something for everyone. While there are always homes and parcels listed on the bigger Bay Islands, if you really want an entire island to yourself, it can be done.
Kristin Klein
The Residency Requirements Are Friendly There
As you would imagine in a country that makes it so easy for foreigners to buy property, residency requirements are quite straightforward and achievable too. While you don’t need to have a residency in Honduras to own property there, it’s generally recommended.
Establishing residency only takes about 3-6 months via the Honduran Embassy, after the usual fees and checks for identity, health, and criminal background. It can be done for a little over a thousand dollars, and you can get a visa in one of five categories:
- Residente Inversionista: if you intend to invest in Honduras
- Residente Rentista: if you are retired at a certain income level
- Residente Pensionada: if you are retired at a lower income level
- Working Residency: if you are employed by a Honduran business
- Family Residency: as a spouse or parent of a Honduran citizen
Residency categories and income qualifications change periodically for all Latin American countries, so check with the nearest embassy for the most up-to-date requirements.
Chris
You’ll Make Everyone at Home Jealous
Don’t underestimate this one. How cool is it to have your own retreat from the world with complete privacy and control over your entire environment? And buying an island in Honduras will likely cost you less than a nice pied a terre in Manhattan or a flat in Kensington.
You can feel like a kid again exploring the wilderness and living in a cabin with no electricity, or you can build the palace of your dreams. Either way people will hate you. Then they’ll suck up to you so they can say, “I’m going to spend the week visiting friends in Honduras. Did I mention they have their own island?”
Honduras Is Wide Open for Business Opportunities
Just like with the real estate market, this is a terrific time to set up business in Honduras. The tourism industry is burgeoning there, and opportunities abound for people to cater to it. Anything to do with leisure time there is sure to be a hit: snorkeling or scuba diving (Honduras, like Belize, is part of the Mesoamerican Reef), fishing, boating, riding, or golfing, to name a few.
If you want confirmation of how popular Honduras is becoming, just look at how much cruise ship activity has picked up there. Industry leader Carnival even developed their own beach on Roatan for passengers. These floating villages bring thousands of people to Honduras every time they dock, so there is an infinite supply of new customers for many types of businesses.
Whether you’re seeking a stunning retirement locale or a place to start a second, completely different career, buying an island in Honduras can make it possible. Put it on the radar for your next vacation, so you can fly down and see for yourself why it’s consistently on many top ten retirement destinations. You may like it so much you’ll regret having bought a return ticket.
David Rivera
Pavones, Costa Rica has been and always will be a haven for surfers from all across the globe. But this destination, once considered the “end of the road” in Costa Rica, is literally riding a wave of promise in terms of investment potential and expat desirability.
pavonessurf
The Casual Appeal of Present-Day Pavones, Costa Rica
Life in Pavones de Golfito encompasses the best of rustic Costa Rica. This tropical beachside paradise on the south Pacific coast serves as the perfect backdrop for peaceful living accompanied by some of the world’s best surfing. Given its remote location in Golfo Dulce-Pavon Bay, close to the border with Panama, surfing aficionados will find a quiet beach community to unplug while surrounded by the nearby Conte Burica rainforest reservation.
Bonus: Check out thousands of Homes for Sale in Costa Rica
Built around a town center of just one square block, this is the perfect surfing town for those seeking a beachside escape. The beaches in Pavones are considered some of the most spectacular beaches in the country with their distinct black shoreline, green ocean water, unusual rock formations, and the lushness of the surrounding jungle vegetation.
With only a handful of local businesses including two small markets, a hardware store, several restaurants, one beachside bar, and three internet cafes, the town offers visitors the opportunity to relax and meditate while absorbing the pura vida lifestyle of tropical Costa Rica. It also offers a wealth of investment opportunities for those interested in the tourism sector.
There’s More to Do There Than Surf
You can’t talk about things to do in Pavones, Costa Rica without starting and ending with surfing. It is, after all, the home of the second largest left break in the world, which forms a legendary wave that spans approximately two kilometers and allow surfers to ride for 2 to 3 minutes.
These astonishing swells attract surfers from around the world in March and April when surfing conditions are at their prime. Due to the size of the waves, however, this is not a recommended surfing site for beginners. For easier and less crowded options, surfers can also take their boards south of Pavones to Punta Banco or Punta Burica.
Other hobbies enjoyed by Pavones residents and expats include stand-up paddle boarding, kite surfing, as well as whale and dolphin watching. You can take a horseback ride to the Indian reservation “La Hierba” or nearby Langostino Beach or go snorkeling in the Rio Coto. Yoga is also a popular pastime with several yoga centers and retreat centers in town.
The slow growth in Pavones has most certainly, at least in part, been the result of the difficulties in accessing this beachside retreat. But access to Pavones continues to improve. It’s a rather long (seven hours) drive from San Jose on mostly unpaved roads. However, the area is seeing more and more pavement to help bridge that gap as the years go by.
A much faster option is to take the one-hour flight to Golfito from San Jose, followed by a two-hour bus or tax ride on to Pavones. Such transportation is frequent and relatively affordable, making accessing Pavones from the rest of the country easier than ever. It’s also more connected in terms of technology with high speed internet now available in most areas.
J. Wolfe
The Landscape of Pavones, Costa Rica
While the road to Pavones may be long, it certainly isn’t lacking in natural beauty. The roads are lined with tropical flora such as lilies, hibiscus, and birds of paradise. These are set into a dense backdrop of tropical greenery which contrasts nicely with the town’s dark gray sand beaches.
During low tide, the receding waters uncover piles of rocks and shells that are great for climbing and exploring. Pavones is also a great place to see a number of species of birds, such as parrots, toucans, and scarlet macaws. Wild horses and turkeys (pavos) also abound in the area.
Pavones is a great destination year-round. But its appeal is definitely different during each of the two main seasons. As the weather in Pavones makes it a bit two-sided. The peak of high season for the town is in March and April when the surfing is at its best. These fall during the dry, sunny season (roughly December to April) where hardly a drop of rain may fall.
By contrast, the months of May through November are cooler with more rainfall, starting with the occasional afternoon shower and becoming what can turn into days or even weeks of constant downpours as the season progresses.
As a result, Pavones is perfect for the active, beach-loving expat for most of the year. During the months of heavy rain, it’s a great place to relax, recharge, and connect with nature.
A. Roberts
The Future of Pavones, Costa Rica Real Estate
After decades of buzz from only surfing aficionados and tourists, signs are pointing to a renewed interest in Pavones real estate. Within recent years, several large tracts of land have been purchased by investors and developers, which is a great indication of things to come.
Already a number of modern homes have been constructed. Hotels have undergone renovations and upgrades. As a result, their occupancy has increased. And it’s generally true that when more and more visitors begin to frequent a destination, undoubtedly a growing number of them will decide to stay.
As a result of the renewed interest in Pavones, it has the potential to be a rather profitable venture for those wishing to live or invest in the area. While land prices are relatively low, savvy buyers can still score a great deal on prime real estate that they could later sell to a developer or develop themselves.
It’s also a great opportunity to buy tropical real estate to build your dream home in a few years from now, once the influx of tourists and residents to Pavones has resulted in even more improved infrastructure and amenities.
Waugh
The Wave Will Always Be There
One thing that’s true of Pavones, Costa Rica is that, while the attractions of other hotspots may ebb and flow in their popularity, the world-class surfing is here to stay. No matter how fast or slow development moves along in Pavones, the wave that first attracted people to the area will continue to do so for years to come.
Map of Pavones, Costa Rica
Pavones, Costa Rica Fast Facts
- Population: About 2,500 in the area
- Typical temperature: 89 degrees Fahrenheit
- Nearest airport with U.S. flights: San Jose, Costa Rica
- Nearest U.S. consulate: San Jose, Costa Rica
Alba Sud Fotografia
Why Nicaragua Real Estate Is Top of Mind (or maybe not)
What have you heard lately about Nicaragua real estate opportunities? Can you imagine what it would be like to retire there?
Just close your eyes and see what you can remotely picture in your mind. Certainly you can picture warm water, tropical winds, and sunny ocean beaches; most definitely fishing and surfing, and all that comes with laid-back island life. These images so far may remind you of SoCal or Hawaii.
But then your mind wonders. Who really lives in Nicaragua? Is it safe? How remote or accessible is it? What about the economy? How politically stable is it? What would it be like to live there?
What you probably didn’t imagine are pristine coastal properties surrounded by untouched lush jungle that some Nicaragua real estate investors predict will increase in value up to five hundred percent in the next few years. The country remains approximately eighty percent undeveloped.
What’s New in Nicaragua
Nicaragua is Central America’s largest country, but one of the least populated. Why? Because few people are lucky enough (or brave enough) to have discovered it. This wild tropical paradise with a very stormy, dark history now sees a peaceful and bright green future. Inspired by its two neighboring tourist and retirement destinations – Panama and the “Oh-so-hot” Costa Rica – Nicaragua is finally getting it right.
The Nicaraguan government is heavily invested in targeting foreign investors, namely North Americans. Interior road construction projects, shopping malls, improved water and sewer systems, hospitals, and new transportation initiatives are all underway.
Nicaragua’s good news is spreading quickly. Conde Nast Traveler calls it an “exciting emerging destination” and names Nicaragua a top ten destination to watch in 2014. Nicaragua’s new safe and friendly appeal, unspoiled quiet beaches, lush tropical rain forests, exotic wildlife – and of course, lovely Lake Nicaragua – are all good reasons to visit. Did I mention you can get there in about three hours from the southern U.S.?
But there’s more you should know about investing in Nicaragua.
Why You Should Buy Real Estate in Nicaragua
Living Costs Are Low
Can you live on social security alone? You can in Nicaragua! In 2010 AARP named Nicaragua one of the best places to retire abroad, largely due to the low costs associated with housing and food. Now, with the government’s dramatic infrastructure improvements and Nicaragua’s Retiree Benefit Program, you get even more for your buck today.
Nicaragua’s retirement benefits for expats are the most favorable in Central America. It’s no longer a secret that Nicaragua is poised for strong economic growth as a top retirement destination and expat mecca.
Timing Is Right and Real Estate Is Still Affordable
Nicaragua’s tourism is steadily on the rise, and so follows the demand for Nicaragua real estate. If you’re looking for an “early-in” investment opportunity, your timing couldn’t be more right. Modern infrastructure and political stability are accomplished. New resorts and eco-lodges are popping up throughout the country. The economy is thriving.
And, yes, the opportunity still exists to purchase your dream at an affordable price. The “mango on top” – Nicaragua has few restrictions on the purchase of real estate relating to foreign investment. According to the Bomchil Group (an Association of Latin American Law Firms), foreign investors have the same property rights as local investors.
Jason Wesley Upton
Culture and Lifestyle Is a Bit Hard to Beat
Nicaragua is known as both the “land of poets,” and the “land of lakes and volcanoes.” The name means “here united with the water.” Nicaraguans thrive on freedom and independence. They’re a creative, vibrant, and happy culture bound by religious freedom, tolerance, and community.
Religious celebrations and cultural festivals draw huge crowds and can last for days. In a “coconut shell,” life in Nicaragua is as simple as you want it to be. The best part is, you choose it.
You can catch a Tarpon, hike a volcano, surf The Boom, or lounge on the beach. Relax in your hammock and read a book, go to a baseball game, or learn to play the marimba and dance The Mestizaje.
If you long for something more than recreation, fiestas, and quiet time, you can always volunteer in your community or start your own business.
Nicaragua’s Best Real Estate Options
The hottest Nicaraguan retirement destinations right now are the colonial cities of Granada and Leon, the capital of Managua, and most notably the southwestern corner of the Pacific coast around San Juan del Sur, where beachfront property options abound.
Craig James
Granada
Situated just 27 miles from Managua on the shores of Lake Nicaragua, Granada is the oldest city in the country. Picture a lazy day in a Spanish colonial town, cooling Lake Nicaragua breezes, historic buildings with red tile roofs, 17th century cathedrals, and treasure-filled museums.
You can smell the aroma of your favorite European dish. You’re preparing to go kayaking and volcano hiking. This could be why Granada is one of the fastest-growing tourism areas in Nicaragua.
Ben Beiske
Leon
The primary northwest city and agricultural capital of Nicaragua, Leon is also a colonial town filled with historic architecture, ruins, ancient cathedrals, and eclectic museums. But what makes it most unique for Nicaragua is, it’s a thriving university town full of cafes, shops, and students.
Property here treats you to impressive views of Momotombo and Momotombito volcanoes. You will get to know Cerro Negro, the youngest volcano in Central America.
Managua
Managua is the spot for you if you enjoy the convenience of big city life. It is the nation’s hub for residents and visitors alike. You can easily take excursions from here to any destination in the country.
Aside from city life, you’ll enjoy your frequent visits to Masaya Volcanic National Park and the Masaya craft markets, beach resorts, and Montibellli Nature Reserve.
Jivika
San Juan del Sur
Think sand and surf on the Pacific coast near Costa Rica’s border. San Juan del Sur is Nicaragua’s most popular surfing destination and beach town. If you love fishing, fresh seafood, and surf, you’ll be in good company.
San Juan del Sur is the country’s most famous tourism destination and has already attracted its fair share of foreign investment. Kick your shoes off and slow down. There’s no “hurry” here.
As expat destinations go, Ecuador has been a favorite in recent years due to its unmatched scenery, friendly locals, and bargain properties. The combination of these factors makes it an incredible option for expats and investors who are looking for a great return on their real estate dollars.
There are beautiful beaches, quaint colonial gems, and bustling cities with all the amenities you’d find even in a much more luxurious locale. Most areas have been growing steadily over the past few decades, but recent years have seen an even greater demand for properties as more and more expats are discovering the benefits of living and investing in Ecuador.
Darly N. meyer
Consider Ecuador’s Coast
Of particular interest are the areas along Ecuador’s coast, like the resort town of Salinas. With its glittering high-rise buildings and well-developed tourist infrastructure, it’s been nicknamed “Little Miami” for its similarities to the South Beach scene.
It also enjoys a surprisingly mild climate, despite its proximity to the equator. As a result, tourists flock there from all over the globe to enjoy the beautiful weather during the peak season, typically November to April.
However, even during the winter months, there are still a number of Ecuadorians who come to Salinas for a quick getaway. It’s frequented by families, who often come during June to September when the kids are out of school, and is even a popular honeymoon destination.
Its status as a tourist mecca also provides extra incentives for investors. Since many of its visitors are seasonal or weekenders from nearby Guayaquil, there’s great potential for rental income for those who don’t plan to live there year-round.
In fact, it’s not at all uncommon for expats to own multiple properties in Ecuador: a beach property to enjoy when the weather’s nice, a mountain retreat for escape, and maybe a condo in the city for taking in some cultural events.
Johnny Gustavo
An Expert Weighs in on Ecuador’s Real Estate Outlook
We recently learned a little more about the current real estate trends in Ecuador when we spoke with Kimberly Kagan, Managing Director of Island Estates International, who represents properties on Ecuador’s coast as well as throughout the country.
Who are your main clients who are currently buying property in Ecuador?
Mostly North Americans, from the U.S. and Canada, although we also have buyers from countries throughout Europe.
What trends have you seen in Ecuador’s real estate market in the last couple of years?
A tremendous increase in demand. There are more and more people retiring here than ever before. Prices have been on the rise, to the tune of 10 to 15% versus 5 to 6% in the past.
What do you anticipate happening in the next couple of years and why?
I have confidence that the market will remain healthy for the next couple of years. I do believe that more and more people will continue to look towards Ecuador as an option. My biggest fear is that, due to the rising prices, fewer retirees will be able to afford the properties. However, we are also noticing more and more young people moving down to Ecuador much earlier than they have in the past.
Pool area at Alamar on the Malecon
What types of properties (i.e. land, homes, etc.) offer the best deals in coastal Ecuador?
Many people choose condos as their best option for several reasons. They require little upkeep. They have 24/7 management and maintenance in most cases. Also, we see a lot of people who are looking to rent during the winter months, so condos are very good rental options for those clients who choose not to live in Ecuador full time.
What are some of your best deals right now?
I have a listing for a penthouse unit in a great condo building overlooking Chipipe Beach. It has 4 bedrooms, 5 baths, and comes fully furnished with exquisite furniture and high-end finishes. It’s almost 3,000 square feet and has an amazing spacious balcony that offers one of the best views in Salinas. It was just reduced $80,000 down to $495,000, a steal for such an incredible property.
I also have another fully furnished unit in a really great building with coveted amenities like a gym and theater room. It has 3 bedrooms and 2 baths. It’s currently listed at only $150,000, making it the least expensive property in this desirable building.
In addition, we also have over 150 rentals. That’s another great option for folks who want to give the area a try before they commit to anything permanently.
So whether you’re looking for your forever home in Ecuador or a property in a desirable area to generate some rental income, take a look at what’s available on Ecuador’s coast. If beach living isn’t for you, there are plenty of other options available in the country’s interior.
From both an investment standpoint and a choice in lifestyle, you won’t regret staking your claim in Ecuador.
If you’ve never traveled to Ecuador’s northern coast (or if you haven’t in a while), Bahia de Caraquez, known to the locals as Bahia, Ecuador, is one city that’s worth a second look.
Once a bustling port city, Bahia was virtually devastated by El Niño rains and an earthquake in the late 1990s. Determined to overcome these tragedies, the town re-established itself as an up-and-coming eco-city, and the results have been astounding.
Patriciota Mariz
Bahia’s Climate Makes It an Ideal Coastal Destination
Although it lies just 40 miles south of the equator, on a peninsula at the mouth of the River Chone, Bahia’s climate is surprisingly comfortable. The city lies in a dry tropical belt that experiences relatively low humidity and temperatures averaging around 80 degrees from May through November.
A wet season begins in December or January and can run as late as April. During those months, the sky is often overcast with evening showers and temps closer to 85 and moderate humidity.
There’s a constant breeze blowing off the ocean, which helps considerably with the heat. As a result, there’s less need for air conditioning. You might even find yourself reaching for a sweater or blanket at night.
Such conditions are considered by many expats to be a breath of fresh air from a lot of the hotter, more humid coastal cities. Many also find they prefer mild, coastal living to the thinner air that plagues the colonial cities that lie at higher altitudes.
Bahia Offers a Great Mix of Residents
Bahia, Ecuador is a city of only around 30,000 regular inhabitants, which allows it to maintain a small-town feel, despite its popularity as a beach destination. Most of the locals come from very meager backgrounds, but they aren’t looking to take advantage of visitors and expats.
Instead they’re warm and welcoming to the many middle- and upper-class citizens from Quito and Guayaquil who have vacation homes in the area. In fact, Bahia has a reputation for being an incredibly friendly city.
It’s also extremely safe, with the lowest crime rate in all of Ecuador. Just like with any other foreign city, you should use care not to carry around wads of cash or flash extravagant items. But in Bahia you don’t have to worry about getting swindled by the locals or walking around late at night.
Because Bahia has historically been somewhat cut off from much of the rest of the country, it doesn’t see a lot of international travelers or expats. However, that seems to be changing.
In fact, on my last visit I was surprised to see that an established expat community does exist, albeit a small one.
Bahia, Ecuador Has Just Enough of the Attractions You Crave
Whatever your tropical passion, you’re practically guaranteed to find a place to enjoy it at least near to, if not in, Bahia. Yet at the same time, it’s not overrun with tour buses or overpriced souvenir shops.
There are beaches with small waves that are safe for swimming, yet at times steady enough for long boarding. You can also go water skiing, sail boarding, or fishing. Both hang-gliding and surfing lessons are available just up the road in Canoa.
Bahia offers a plethora of birds and other wildlife. The nearby Isla Fragatas and Isla Corazon are home to a variety of birds. Saiananda is a local park that’s home to deer, donkeys, ostriches, geese, and sloths. Whale-watching is also a popular pasttime.
There’s also the Chirije archaeologial site and the Rio Muchacho organic farm to explore.
It’s worth mentioning here that Bahia’s beaches are somewhat limited. Due to significant beach erosion in recent decades, the south shore of the peninsula is narrow and often crowded. At high tide it can become almost completely submerged. The north (bay) side of the peninsula is polluted and unsuitable for swimming.
In terms of consumer options, Bahia has everything you’d expect to find in a mid-sized tourist destination, including a new modern supermarket. What you can’t find in town you can easily get from a nearby large city like Manta or Portoviejo.
One other area where some expats might find Bahia a bit lacking is in its cultural offerings. While it does have a few attractions, like a great museum, it doesn’t have a lot of them.
Bahia’s Eco-friendly Initiatives Keep Everything Nice and “Green”
Bahia is known throughout the country’s as Ecuador’s cleanest coastal city, ever since it established itself as an eco-city, and the benefits are obvious as you stroll along the beach or through the pristine streets of the city.
Eco-friendly behaviors are a part of life in Bahia. Residents are encouraged to recycle and employ other sustainable practices. There’s daily garbage service, and the town even has its own paper recycling plant.
It was also the first coastal city in Ecuador to ban the use of plastic bags.
Living in Bahia, Ecuador Won’t Break the Bank
Like the rest of Ecuador, Bahia de Caraquez enjoys an extremely affordable cost of living. A mere $1,000 per month could buy you a very comfortable life there.
Factors that contribute to the low costs include government subsidized fuel (currently around $1.50 per gallon) and low wages. As a result, almost everything is cheaper in Ecuador and particularly in Bahia.
An almuerzo (a typical lunch of soup, salad, rice, and beans with meat) is only $1.50. You can enjoy the fresh juice that comes with it or spring for a $1 beer to wash it all down.
Other affordable perks include the services of a domestic helper, such as a maid or gardener, as well as inexpensive Spanish schools.
Bahia Has Bridged the Gap for Expats, Tourists, and Investors
What’s kept Bahia de Caraquez off the radar of most expats and international tourists, has been the fact that it was more than a little off the beaten path. Even merely crossing the Rio Chone, on the most direct route to Quito, once took three hours on a small ferry that held only 12 cars.
After the 2010 completion of the 1.25 mile (2 km) Bahia-San Vicente Bridge, however, the river can now be crossed in only 15 minutes. This longest bridge in Ecuador is expected to considerably boost trade and tourism to the area, as Bahia is now connected to nearby San Vicente, the fishing village of Canoa and basically the entire rest of Ecuador’s northern coast.
Getting to Bahia has never been easier thanks to the new bridge. There’s an airport in San Vicente, but it’s small and doesn’t run regular flights. The next closest are in Portoviejo or Manta, both of which are about 90 minutes or less by bus. The flight to these airports from Quito is only about a half hour.
There are also bus services that run to and from cities like Quito, Guayaquil, and Esmeraldas.
Patriciota Mariz
Why Now Is the Best Time to Purchase Bahia, Ecuador Real Estate
Bahia, Ecuador is a town that has clearly reinvented itself. Although it was due to unfortunate circumstances, the city has no doubt benefited from its fresh new eco-friendly image. This fresh start, combined with the drastic increase in accessibility from the new bridge, has brought new life and new interest to Bahia.
In addition to the renewed appeal of Bahia itself, the town is also strategically positioned for growth in the surrounding areas. The area across the bridge just north of Bahia is a naturally beautiful, and largely underdeveloped, coastal region. With the new infrastructure in place, it’s primed for a big surge in property values.
The bridge has also opened up a new path for the transportation of merchandise that can now be brought through Bahia on its way to the port city of Manta just 30 minutes south of town, making what could become a stop on a major thoroughfare.
As a result, the time is right to buy or invest in Bahia before prices start to rise. Here are a few examples of what you can get for your money in Bahia, Ecuador.
- Just $75,000 buys you a 2-bedroom, 2-bath beachfront penthouse with an ocean view in a gated complex with a pool and landscaped grounds.
- For $170,000 you can have a 3-bedroom, 3-bath condo in a high-rise building with panoramic views of the bay, the beach, and the city.
As you can see, Bahia is still a place to score a great bargain on real estate in an area that has the potential for tremendous growth in the near future. Consumer and cultural options that are currently lacking in the area are likely to be introduced soon.
Who knows? Maybe you could be the one to fill a much-needed niche in the city’s scene.
Viva Tropical Radio
John Acott, long-time broker in Belize, tells you what is happening with Belize real estate.
Learn how much it costs to build in Belize, and where the top three places to live and invest are located. Also a major infrastructure change on the horizon that if it happens, will be something you need to know.
John is from San Ignacio, which is rarely covered, and from all accounts seems to be a tremendous value for living. Tune in to hear all this and more.
Listen to the show
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The Show Notes
John Acott’s website
Can you count on one hand (or with only one finger) the number of relaxing days when you’ve spent time alone this year? Are you at peace with your relationships? How would you score your creativity and peace of mind?
If you didn’t like your answers, you are not alone, literally! You are likely suffering from lack of solitude. Find a quiet place, free of distraction, and read this article. I’m going to explain why time alone can change your life.
Pete
The Power of Solitude: Why you need to spend time alone
Psychologists have diagnosed our technology-driven society “terminally out of touch.” Studies suggest that we’re not spending enough time alone–thinking, feeling, sensing, and observing our inner being. As a result, our personal relationships, our mental and physical health, our social skills and cognitive functions are all ailing. If we spend more time alone, psychologists contend, we can drastically improve and enhance all of these areas of our lives.
You may be thinking, “Wait a minute, if I’m isolated and lonely, I’ll feel worse, not better!” If that’s the case, you should read on to better your understanding of exactly what solitude means.
What solitude is (and is not)
Isolation is not the same as solitude. Likewise, alone is not the same as lonely. When you are lonely, you feel a void inside, unhappy. In contrast, when you are in solitude, you feel content and happy. Maybe it’s on your own private island or in a bustling city. But rest assured, you can find it.
“Solitude” does not imply you have to camp in the wilderness for days all by yourself. It’s true you can create space to be alone, in the company of others. Just stop doing for others and focus solely on yourself for a period of time. Voila! You’re on your way.
Solitude can cure what ails you
“Tidal pools, empty fields, mountains, trees, and oceans evoke peace and contentment. Something sacred fills these open spaces,” says Psychologist Ester Buckholz, in The Call of Solitude, Psychology Today. “Meaningful solitude allows you to connect with others in a far richer way.” Meaningful alone time, she says, “is a powerful need and a necessary tonic in today’s rapid-fire world.”
Are you ever irritable, but don’t know why? Next time you feel that way, take quiet time out to focus on your inner thoughts, feelings, physical sensations. You may be surprised what your insights reveal.
As you become more self-aware, you will become more curious and creative. When you find yourself in conflict with your spouse, friends, co-workers, or family, take time alone to reflect and contemplate. A few minutes of solitude can provide plenty of answers for what ails you.
Bronwyn May
Solitude is like a vacation.
Put work aside and make time to discover, relax, and recharge. Be creative and engage in activities that make you happy. “I’ve learned to create little islands of solitude in my daily life,” writes Kendra Kennison in her Oprah.com article, “Why You Must Have Time Alone.” The search for solitude leads to new experiences. Have you ever been on vacation some place that you didn’t want to leave?
Vacation time has inspired many people to purchase a second home in their favorite vacation spot, or to move there full time, searching for a place to escape–searching for a simpler life from the hectic world they live in. “A big part of being fulfilled and happy is in the choices you make. One of those decisions is where you spend your time,” says Josh Linnes, Co-Founder, VivaTropical.com.
Stepping out of society is good for the soul.
Are you feeling the need to escape from your frenzied world? If so, you have a lot in common with most of our society today. The time you spend “wired” to others has most likely increased. Your outdoor time, and alone time, have probably decreased. I’m willing to bet your modern life has most definitely become more complicated.
Once you learn to enjoy purposeful solitude you will experience cognitive benefits, like enhanced focus, memory, creativity, and concentration. Some studies suggest that time alone can result in lower rates of depression and increased self-esteem.
Craig Sefton
Where you can find it.
As you can see, finding solitude is more about your state of mind, not your actual physical location. Although a change of venue, particularly to someplace quieter where you can be in tune with nature, can certainly help. Here are some examples of where you can find solitude:
- In a crowd. Take an art walk through the city by yourself.
- With your spouse. Reflect, imagine, contemplate–while your spouse reads a book.
- At the computer. Research a new interest. Seek inspiration and knowledge.
- In creativity. Draw, paint, sketch, write, learn a new language, a new instrument.
- In travel. A local destination, Panama, Costa Rica, Belize? Go relax, recharge.
- In nature. Pull up a rock, stick your feet in the water, and listen to the unique sounds.
- If all else fails, you can always buy an island.
Hopefully these ideas will inspire you to find your own place of solitude. For business partners Park and Josh, their quest for solitude was a little bit more radical. Disgruntled with life in the U.S., they left it all behind. With families in tow, they set out to find a fortress of solitude in Latin America, and ended up buying an island. They can tell you precisely Why Island Living Isn’t Right for You (Or Is It?).
Certain that there might be other like-minded individuals who were searching for the same opportunity to slow down and get back to the basics, Josh and Park began working on their Adventure Colony concept. “Adventure Colonies are meant to be an escape from the rat race and encourage new, daily routines. Simplify your life, increase your relationship with the outdoors, and recharge your mind and body.”
If you feel the need to escape, relax, recharge, you might want to carve out a regular place you call home. Download our book to read more about Adventure Colony. It’s free.
Find your own fortress of solitude.
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
Viva Tropical Radio
Josh and Park have experienced many different colorful situations over the years while scouting out real estate investments. Join them today for a podcast recount as murder confessions, 300 lb. tunas, and 9mm Berettas all make appearances when they retell some of their stories from the road.
Maybe the greatest job in the world, Park and Josh reminisce about some of their most memorable days while exploring the far reaches of Central America in their search for the best real estate can offer.
In this episode, we discuss:
- How to get the right boat for scouting
- Why bodyguards make fun scouts
- Where you can reel in a 300 lb. tuna
And much more.
Listen to the show
You can listen to the show using the player above or grab it and listen on the go via one of the following options:
- Click here to download the mp3
- Click here to subscribe via iTunes
- Click here for the RSS feed (non iTunes)
- Click here for the show archive
The Show Notes
- Get Paydirt here
- Watch Josh and Park get pulled out of the mud by a horse
- Park and his tuna
Have you ever joked around about having your own island, as if you were a James Bond villain or a billionaire business mogul? Well, the idea isn’t nearly as far-fetched as you might think.
Whether you’re looking to retire in beachfront luxury or completely drop off the grid, you can do it on your personal Central American island. And by buying an island in Belize, you can really have your cake and eat it too.
How so, you ask? Belize has proximity to the States and an easy learning curve for expats, as well as 450 islands, many of which are available for purchase. You can feel like you’re in the middle of nowhere and still be just a short plane ride away from friends and family.
Here’s a peek at what makes the idea of buying an island in Belize so attractive and what you should be taking into consideration if you’re thinking about island living.
Elaine
Buying an Island in Belize: the Basics
Before you even set a toe on any property, spend some time thinking about why you’re interested in an island residence and how you picture yourself living day to day. Are you envisioning a turnkey estate with a swimming pool, caretaker, and nearby neighbors or an undeveloped slice of jungle that you can shape, however minimally, into your own respite from the world?
In Belize you could have either, but it’s a matter of whittling down your needs and expectations, especially if looking at uninhabited islands.
You can read a more detailed analysis elsewhere on the site, but a few questions to ask out of the gate are:
- Are you interested in buying a home that’s already constructed or building your own?
- If you buy a house that’s already standing, are you willing and able to make renovations to it for aesthetic, functional, or weatherproofing reasons?
- What kinds of daily needs do you have? Could you live an hour or more from the mainland and get by with a boat drop of catch-as-catch-can supplies, or do you have certain dietary needs or medications you must have on a schedule?
- What are your utility requirements? On an island, you can run the gamut from no electricity to generator power to solar panels, or even an established power grid. Are you ready for satellite Internet? Pumping your own water? Be realistic.
CameliaTWU
Living in Belize
Belize is so close to the U.S. by plane that it’s easy to pop down to see why it’s so popular. The first thing you’ll notice, even from the air, is that it’s a small country (under a half-million people) with a huge amount of coastline. Preserving the environment is a major priority there, and it shows. With the Mesoamerican Barrier Reef in its backyard, Belize is a huge destination for divers and snorkelers.
Another reason Belize is such a big draw for expats is that it is an English-speaking nation, having formerly been British Honduras until 1981. All legal documents are in English, as well as schooling–great if you’re moving with young kids.
The Belize dollar is tied to the U.S. dollar at a 2:1 ratio, so you won’t see any wild fluctuations in the currency there like you do in certain South American countries. Belize’s stability extends to the political spectrum too; this peaceful and democratic country is known for being particularly solid in that regard.
WWolf4Max
Investing in Belize
Unlike some other countries, Belize makes it quite easy for foreigners to buy property there. In fact, there are no restrictions at all on foreigners buying property, including beachfront land, which is highly unusual.
While there is a 5% transfer or stamp tax on property purchases, this is offset by very low property taxes. This is in keeping with the extremely low overall cost of living there.
In spite of the reasonable living expenses in Belize, it continues to be a prime off-shore banking location, and it offers relatively high interest rates for those looking for a viable alternative to the U.S. stock market. When compared to the Bahamas, Belize has all of the investment advantages with a significantly lower cost of living.
Currently, real estate prices are low, but demand is increasing, and there is a large influx of European investors growing each year. This is an advantageous time to buy, as property is likely to go up in price steadily over the remainder of the decade.
JParker2005
Getting Your Ducks in a Row
If buying an island in Belize sounds intriguing to you, the first thing to do is head south and check out the range of habitat and lifestyles there and see what appeals to you. Be sure to get past Ambergris Caye, which is a luxurious vacation destination, but just the tip of the iceberg as far as true Belize culture is concerned.
You can enter Belize from the U.S. and many other countries with just a passport. If you plan on staying longer than a month, however, you’ll need to get a tourist visa. And if you want to become a resident, you’ll need that six-month visa as a place to start.
Let’s say you fall in love with an island and decide you want to make a purchase. Here are a few things to think about before making anything final:
- Does the seller have the legal right to transfer the property and documentation thereof? You want a clean title with your purchase.
- Does the government have any rights to beachfront land?
- Are there any current tenants or squatters that could make legal claim to the property?
- Can you obtain a full legal inspection of the property?
- What kind of infrastructure is there already, if any? Is there a fresh water spring? Access for landing boats?
While Belize law follows British Common Law and is substantially easier to understand than that of many other countries, it’s still imperative to get legal advice from someone who knows the local law inside and out. When land rights and your entire potential retirement are involved, you can’t be too careful.
If you haven’t decided yet whether or not Belize is for you, don’t worry–there are thousands of other islands for sale to tempt you throughout tropical Latin America.
And if you do end up buying an island in Belize, you’ll be in good company. Leonardo DiCaprio purchased 104-acre Blackadore Caye nearly ten years ago for the surprisingly low price of under two million dollars. He’s working with a well-known hotel chain to turn his island into an eco-resort to rival anywhere else on earth, which shouldn’t be difficult given the stunning scenery and balmy year-round climate of beautiful Belize.
Los Suenos, Costa Rica has become the premier destination in the Central Pacific region. Combining the top-rated marina in Costa Rica with quality resort living and amenities, Los Suenos is the epitome of what Pura Vida (pure life) truly is all about.
B. Burns
Building a Dream – The History of Los Suenos, Costa Rica
In 1991, developer William Royster purchased 1,100 acres of land overlooking Herradura Bay that ultimately would become the Resort and Marina at Los Suenos. Like many potential investors and expats, Royster envisioned the economic potential of real estate in Costa Rica.
After six years of planning, construction began in 1997 with the hotel, golf course, and the first of 800 planned residences that opened just before 2000. The Marina was opened to the public in 2001 with the completion of 200 slips and 80 dry units finished in 2003.
Marina at Los Suenos, Costa Rica
Marina at Los Suenos
Marina at Los Suenos
The Marina at Los Suenos – One of a Kind
The Marina at Los Suenos, Costa Rica has become known for its world-class facilities and ready access to some of the best deep sea fishing grounds in the world. The Marina Village commercial center and the 450 residence units make the Marina a must-see destination for hard core sport fishers and tourists alike.
Living and Playing at the Resort at Los Suenos, Costa Rica
Los Suenos provides a lifestyle second to none. Accommodations with stunning ocean, jungle and golf course views, shops, bars and restaurants, and the two acre, three million dollar beach club, take luxury resort living to the next level.
Los Suenos Residences
Los Suenos Natural Tunnel
Championship Golf with a Natural Twist
The 18 hole championship caliber La Iguana Eco Golf Course is a unique blend of sport and nature. Designed by Ted Robinson, Jr. this par 72 course will prove a challenge for beginners and experts alike.
The 6,700 yard course plays into the lush tropical rainforest and back to Herradura Bay. The “gallery” of howler monkeys, sloths, and scarlet macaws transform a round of golf from a game to an adventure.
Los Suenos Golf
Los Suenos Marriott Ocean & Golf Resort – Luxury and Relaxation
Opened in 1999 with 191 rooms and 10 suites, this fully-appointed luxury hotel is a central part of the Los Suenos Costa Rica resort experience. The top shelf amenities, including the casino, bars, and the Sibo Rainforest Spa and Retreat are available to all resort guests.
The Marriott Resort
Experience Costa Rica at Los Suenos Resort
There are numerous tours and adventures that can be arranged from the resort to satisfy every taste. For those who hear the call of the sea, there are many deep sea fishing charters and whale watching tours (in season) available at the Marina that can give you the chance to hook “the big one.”
If nature and birdwatching is your cup of tea, tours of the nearby Carara National Park and Manuel Antonio National Park are just a short car ride away. To get up close and personal, the Mangrove Monkey Tour will let you visit the playful whiteface monkeys on their turf and terms.
Mangrove Monkey Tour
Partying at the Beach
Jaco, Costa Rica, long a favorite spot for surfers and beach lovers is just a 10 minute drive from Los Suenos, Costa Rica. This funky beach town is truly a blend of “Key West meets Pura Vida” with bars, restaurants, gift shops, stores, and great places to people watch.
Playa Hermosa, roughly five minutes from Jaco, hosts surfing competitions almost every weekend. For something different, this is a great place to watch the competitors “hang ten” while sipping your favorite beverage at one of the many bars along the beach.
Getting There Is Easier Than Ever
In 2010 the long awaited National Highway CR-27, known as the Carretera Prospero Fernandez from San Jose to Caldera opened, reducing the drive from San Jose to Los Suenos to a very manageable one hour. Taxis, shuttles, limos, and rental cars provide a variety of options to transport you to this luxurious tropical oasis.
Los Suenos-Herradura Bay
Renting, Buying and Living in Los Suenos, Costa Rica
Los Suenos, Costa Rica and the surrounding area has many options for investors or expats who are looking to buy or rent a piece of tropical paradise. The Resort proper is a gated community that does have a constant flow of hotel guests and day trippers coming to the marina, to play golf, or to enjoy the many options that are available.
Most of the residential units at the resort or in the immediate vicinity start in the $150,000 range but can go into the millions. While much of the area is developed, there are still lots available near the resort proper and in the surrounding communities.
What Does It Cost to Live in Los Suenos, Costa Rica?
The cost of living in the Los Suenos, Costa Rica area largely depends on how upscale you wish to go. Rentals can average from $350 to $1,115 per month depending on number of bedrooms and proximity to central locations. On the resort property itself, rents routinely run between $2,000 to $3,000 per month.
Utilities (electric, water, internet, telephone, cable) can be as low as $49 per month to as much as $350 per month. Again, this depends on your usage (think running a/c constantly) and choice of packages.
There are some items, such as computers or other high-end electronics that aren’t as easy to come by in Costa Rica. However the greater San Jose area has many “Americanized” stores, such as Walmart, that are only an hour away.
Buying a Residence in Los Suenos, Costa Rica
The residential units in the Los Suenos resort proper are condominiums and are generally priced per square meter. Prices routinely run in the $400,000 range although prices but can go much higher depending on number of bedrooms, furnishings, and size.
The units are part of individual gated communities that share the common roadways with the Marriott Hotel and Resort. There is ample security and landscaping throughout the property
Los Suenos May Not Fit Everyone’s Tropical Dream
For all of its features, Los Suenos may not fit the ideal of your rustic tropical escape. With its modern amenities, Los Suenos is definitely mainstream Central America and not a secluded paradise.
For the budget conscious, Los Suenos is definitely a more expensive option than other areas of Costa Rica.
Many people enjoy the “resort experience” and Los Suenos and the Marriott certainly deliver it. However, if the allure of a small Costa Rican village or town is what you desire, Los Suenos is probably not for you.
Lastly, Los Suenos is a gated community. For those seeking to immerse themselves in local lifestyle and culture, this atmosphere may seem constricting.
What Does an Expat Need to Know About Living in Costa Rica?
Whether you are retiring, investing, or deciding to see what Costa Rica has to offer, there are some basics that every expat needs to keep in mind. First, and foremost, things move more casually here than in the U.S.; the phrase “tico time” is important to remember when making any schedules.
Unless you are planning on applying for residency under one of the categories, you will be required to leave Costa Rica every ninety days for at least 24 hours. Keep that timeframe in mind as you pursue your tropical dream.
Learning the language, while not essential, is something every expat should try and accomplish. Being able to understand what is being said on a daily basis will make your Pura Vida experience that much more enjoyable.
Los Suenos, Costa Rica – A Model Investment
The success of the Los Suenos Resort and Marina complex is a prime example of the potential of real estate investment in Costa Rica and Central America as a whole. The undeveloped land that William Royster purchased in 1991 has increased in value many times over and will continue to do so into the future.
The key to succeeding in this kind of venture is to develop a cohesive plan and partner with individuals who have both the knowledge and expertise to bring those plans to fruition. Identifying the paths to progress, such as finding the location best suited to enhance the project, is crucial to making your concept the success you envision.
A True Return on Investment
The increase in property values in Costa Rica has soared over time. A recent listing for a 200 hectare (494 acres) parcel with views of the bay at Los Suenos had a sale price of $13,000,000. If Royster were trying to purchase his 1100 undeveloped acres today, it would cost just under $30,000,000 dollars.
This kind of investment potential, along with the many other attractive features of Costa Rica (business friendly environment, low taxes, good infrastructure) cannot be ignored. If the prospect of owning and developing your own piece of “pura vida” is exciting, there’s no time like the present to begin your search.
Building Your Own Investment Plan
William Royster discovered the location for what would ultimately become the Resort at Los Suenos, Costa Rica while sailing the Pacific. The lesson here is to explore areas that appeal to you and see if there is one where you can envision your project coming to life.
Deciding what kind of investment you want to make is just as important as the location. Are you thinking of building a Costa Rican hideaway, a small development, or a major commercial enterprise? Framing your intentions is an essential step in bringing your plan to life.
Doing your research also means establishing a realistic budget and time frame. Rome wasn’t built in a day and making your Costa Rican dream a reality should be a long-term goal rather than a short-term sprint.
So When Is the Best Time to Build Your Dream?
Costa Rica continues to be a prime location for expats, investors, tourists, and business. So when is the best time to build your Pura Vida dream? The answer is simple: Now!!
Map of Los Suenos, Costa Rica
Los Suenos, Costa Rica Fast Facts
- Population: Approximately 10,000 when including local villages
- Typical temperature: average maximum temperature is 32℃ / 90℉
- Nearest airport with U.S. flights: San Jose, Costa Rica
- Nearest U.S. consulate: San Jose, Costa Rica