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is a secret in Costa Rica Real Estate where the seeds of a great worldwide
community are planted. Artists, visionaries, and creative people
of all types have visited, fell in love with this small corner of the world,
and stayed. Among this community of just a couple thousand people
are musicians, DJs, fire dancers, circus performers, architects, Hollywood
celebrities and rock stars, film producers, actors, singers, massage therapists,
yoga teachers, acupuncturists, fashion designers, supermodels, painters,
sculptors, and conservationists, all here with the same dream of creating
their own vision of paradise.
This amazing
place is the Southern Nicoya Peninsula, on the Northern Pacific Coast of
Costa Rica, which encompasses the towns of Montezuma, Santa Teresa, Mal
Pais, Tambor, Cabuya, Manzanillo, and Cobano. Of course everyone
interested in “escaping” overseas has by now heard the hype about Costa
Rica. What many people don’t know is that different areas of Costa
Rica have very different ex-pat cultures. The Southern Nicoya Peninsula
is the area known not only as a haven and hangout for some of the world’s
most creative people, but also as the most beautiful environment to live
in.
Living in
a dream…
Within a 30
minute drive of the center of the area, you can find a full-sized flying
trapeze with occasional shows and classes, at least two recording studios,
an organic food market, some of the best scuba diving on the Pacific coast
of Costa Rica, unbelievable sport fishing, three dance studios, two acupuncturists,
a chiropractor, five or six yoga studios, four wildlife conservation projects,
and some of the world’s best surfing in year-round eighty degree water.
The food is a variety of world cuisine including five or six real Italian
pizzerias, fresh bakeries, a few sushi places, Indian and Middle Eastern
food, several vegetarian restaurants, plus dozens of local seafood restaurants.
What you will
not find here are McDonalds or any other famous brand restaurants and stores,
casinos or brothels, traffic, shopping malls, or towering condominium complexes
and mega-hotels. The air and water are incredibly clean because there
is no industry within two or three hours drive. Jaguars and five
other types of wild cats still live in the area, as well as several types
of parrots and toucans, dolphins and whales, two types of monkeys, anteaters,
and many other mammals, and birds. The sky is often so clear that
on a cloudless night, one can see the Milky Way as if from a boat in the
middle of the ocean.
Destined to become a center of
art and culture…
The area is in a tropical transition
zone between the too-dry-and-over-developed north, and the too-humid-and-buggy
south. How did such a perfect place escape over-development?
Because it’s more remote than the coastal areas farther north in Costa
Rica, the area has lagged in development and pricing, and the community
that lives here likes it that way. Now, however, the area has been
discovered and the prices have been rapidly escalating, nearly doubling
every year for the last five years running. Compared to land in California
or Hawaii, it still seems like a bargain, but the quality of life is better
because it’s so cheap to live here. However, these property prices
won’t last forever. The general consensus is that the area is going
to become sort of a luxury artist eco-community, eventually so expensive
that average people won’t be able to move here, although that time is still
5-10 years off. Until then, everyone considers it to be like Maui
20 years ago. Many people have the vision to realize that areas around
the world that have a lot of art and culture eventually become extremely
expensive (think Soho, Williamsburg, Laguna Beach, Venice, Santa Barbara,
etc.) To serve such an inspiring community, a new type of Real Estate
company has formed.
Social Entrepreneurism
in Real Estate…
Tropisphere
Real Estate is an established Real Estate company that aims to attract
to this part of Costa Rica more people who share this creative, holistic
vision of life and community inspired by the idea of “Social Entrepreneurism”.
According to Ashoka, a leading organization funding and supporting Social
Entrepreneurism projects worldwide: "Social entrepreneurs are people whose
creativity and drive open up major new possibilities in education, health,
the environment, and other areas of human need, just as business entrepreneurs
lead innovation in commerce, social entrepreneurs drive social change."
Tropisphere
is taking the lead in the Southern Nicoya Peninsula to show that business
leaders will be more successful as well as more fulfilled personally when
their efforts are geared not just towards making money, but to improving
their community and environment. Believing that Costa Rica is one
of the greatest countries in the world, and the country has opened its
arms to foreigners moving and living here, so we should express our gratitude
by giving back to Costa Rica. Thus the company donates 10% of all
its sales commissions to a variety of local conservation and school improvement
projects. This is a huge commitment.
As successful
entrepreneurs, the partners know that the reality is that money is needed
to fund such projects, which include an educational program working with
local conservation groups such as Rainsong Wildlife Sanctuary in local
schools to teach kids about the animals that live there, a recycling plan,
and a long-range program to reintroduce animals and birds that have become
extinct in this part of Costa Rica, such as tapirs, spider monkeys, and
scarlet macaws.
Creating
your own Rainforest Paradise…
Worldwide,
many environmentalists and conservationists have come to the conclusion
that the best way to protect the rainforest is just to buy it and protect
it, one person at a time. So the focus is on finding buyers who want
to immigrate to Costa Rica and protect or possibly even plant and re-grow
their own rainforest, which is a very rewarding experience. Imagine
starting with a barren cow pasture and seeing towering trees filled with
birds and rare animals living there only a few years later. In the
tropics, this takes less than ten years to do.
Not only is
it cheap, fun and good for the planet, but it adds massive value to the
land, so it’s a great investment.
There is a
way to balance the desire to be successful at business and support a family
while also working to improve the local community and the earth in general.
All of us at Tropisphere have found that we’re as inspired by the community
projects we’re working with as with pursuing our successful business. |
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| Geoff McCabe has dedicated
himself to the conservation of Costa Rica's wildlife and improving the
lives of its poorer citizens. He is immensely grateful to the people of
Costa Rica for allowing he and his wife Karen to move to the most beautiful
country in the world and raise their Costa Rican born daughter, Serafina
in a war-free peaceful environment. Geoff is a partner in the firm
of Tropisphere Real Estate of Costa Rica which sells both titled &
concession properties in the Nicoya Peninsula, Costa Rica. The firm is
located in the Southern Nicoya Peninsula, a region offering beautiful properties
at attractive rates, plus appealing incentives for investment, in addition
to a friendly international community. |
Tropisphere
Real Estate
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Relocating
to Costa Rica means having a good time - Either for retirement or just
the pleasure of living in another country often presents new challenges
for people because perhaps for the first time they are confronted with
having a plethora of leisure time and the problem of what to do to with
it. As you will see throughout this report on Costa Rica that Costa
Rica is wonderful place to live. In addition to being relatively
inexpensive there are many interesting activities to choose from.
As one of our American friends referred to his busy life in
Costa Rica, “My days are so fulfilling, that each day in Costa Rica seems
like a whole lifetime.” Now a report by Christopher Howard that covers
everything you need to know about relocating to Costa Rica. This excellent
report is now available online -
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Click
Here to learn more about Living Investing & Retiring in Costa Rica
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The Caribbean Property List has current
Real Estate Listings in Costa Rica
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The Scarlet Macaw (Ara macao) is a large,
colourful parrot. It is native to humid evergreen tropical forests
of the Americans, from Mexico in the north, to Amazonian Peru and Brazil
in the south. Unfortunately it has been widely extirpated, in some part
through habitat destruction, but just as frequently through its capture
for the illegal pet trade. For those of us who cannot take a 'hands
on' approach to saving the worlds wildlife (in an effort to show our children
what our planet is supposed to look like) there is the less 'hands on'
option of donating to the highly respected World
Wildlife Fund |
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But how
much does Paradise cost…?
So many people
want to move to Costa Rica right now that there are several good books
written about the subject, and countless websites with the details, so
we don’t need to list all the specifics again here. Suffice to say
that both the Costa Rican government and the people are generally very
friendly towards foreigners moving here. The hospitals are as good
as in the U.S. The dentistry is great (our local village dentist
even does laser teeth whitening!) We have four private schools, which
cost around $150/mo per student. The stores have imported food from
all over the world such as whole-wheat Italian noodles, sun-dried tomatoes,
marinated Greek olives, French and Chilean wine, and Belgian beer.
It’s gourmet all the way here in this part of the rainforest, so buying
property here doesn’t mean you have to live like Tarzan (although some
do.)
The property
pricing is all over the place, mostly depending on how close to the beach
a property is, or how spectacular the ocean view. Prices range from
$300 and up per square meter, to less than $1 per square meter for larger
fincas and farms 15-20 minutes inland. Many people move to Costa
Rica wanting to be on the beach, but then find it’s more comfortable and
peaceful a a bit inland, where it’s cooler and less humid. Unless
you plan to surf or swim every single day, the extra comfort and tranquility
are worth the short drive to the waves.
Article
Continued Below -
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Costa
Rica - Real Estate - How To Buy Real Estate In Costa Without Losing Your
Shirt -
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Costa Rica
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experts and attorneys. What This Costa Rica Real Estate Book Will
Do For You: This is not a book about living in Costa Rica;
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Article
Continued From Above -
As an example
of various properties currently available, there are 1000 m2 title lots
within a 3-minute walk of a surfing beach available for $130,000.
There are spectacular 1-2 Ha (2.5 acre) ocean view jungle lots near Montezuma
for $200,000-$250,000. There is a 30 Ha (74 acres) jungle farm with
an all wood two bedroom house for $425,000. There is a $1 million
85 Hectare (212 acre) private nature reserve with stunning ocean views
next to the Cabo Blanco National Park, but the owner will only sell to
a conservationist who isn’t going to chop the land up into tiny lots.
This would be ideal for an eco-retreat. There are many smaller jungle
lots for $35,000-$100,000, but on the flip side, there is a beachfront
mansion on 9000 m2 of land that rents for $1000 per day (to such recent
guests as Gwenyth Paltrow), selling for $3.2 million. For someone
who would like a ready-made business, there’s an ocean view boutique hotel
with a restaurant, six cabinas, and owner’s quarters for $550K. This
is a one minute walk to the beach.
One very special
offering is in a growing beachside holistic community near Montezuma.
The owner is selling lots for less than half of market value, but only
to people who she thinks will fit into her community vision. She’s
looking for vegetarian restauranteurs, someone who wants to set up a meditation
retreat, a yoga center, organic gardeners, etc. She’s asking as little
as $25/m2 for lots that are a thirty second walk to the cutest little white
sand beach in Montezuma, which also has some of the best snorkeling in
the area..
How to pay
the bills while living here…
While it’s
possible for a family to live in Costa Rica like Adam and Eve, living on
your own fruit and fishing in your own personal Garden of Eden (and some
do), more likely you’re going to want to have a car, some travel expenses,
etc… It’s reasonable to think that a family of four can live well
here for around $1200-$2500 per month.
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| Getting
a work permit in Costa Rica isn’t so easy, but you can own your own business
here and keep the profit. There are several sure-fire strategies
for earning enough to live here: |
| Eco-cabina
rental business. Costa Rica has recently replaced Hawaii as the
world’s top eco/adventure tourism destination, and as a result, the country
is desperately short of hotel rooms and rental houses. You can build
rental cabinas for $5,000 - $10,000 each that rent for $30-100/night.
Tropisphere’s subsidiary Ricobau will import hand-crafted cabinas for you
from Bali, made of recycled Teak wood, that can be assembled in a few days.
Or, imagine creating a “treehouse retreat” of houses on stilts nestled
within the rainforest canopy. To do this successfully, you must have
a good web site, and there are several great web designers in the area
to help you.
Home Rental
Business. One great strategy is to build two houses, one large
and one small. Rent them both and move back and forth into whichever
one isn’t rented. While living expenses are low in Costa Rica, rental
prices are high, so it’s easy to make enough to live on while also keeping
the place to yourself much of the year and thus having plenty of time off
to enjoy living in paradise.
Build and
Sell an eco-friendly house. If you buy a piece of land that’s
large enough to subdivide, then you can build a house and sell it with
the land its on for a good profit. Because of the rapidly increasing
land values, many people have built a house and sold it for more than they
paid for their entire property. By developing in an eco-friendly
manner by planting animal-attracting trees, you can improve the land and
make a profit at the same time. Tropisphere builds houses and can
help you with this even if you have no building experience.
Internet
Business. For those people who have internet skills, consider
running a business back in your own country, but through the internet.
We have ISDN service now, and they’re promising DSL with a month or two.
Virtual warehouse companies can store and ship for you. Consultants
can work from almost anywhere. There is even an artist here who produces
his paintings in Cabuya and ships them to his customers in the U.S. |
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Why paradise
isn’t for everyone…
Many people
move to Costa Rica thinking that it’s going to be like being on vacation
all the time, and if you have enough money, then that’s certainly possible.
But day-to-day
life here takes more effort for several reasons:
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The bureaucracy
here makes dealing with government processes slow and inefficient, although
some of that has been put on the internet recently, such as bill paying
and doing property title searches.
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The climate is
brutal on high tech equipment and even clothing. Forget about keeping
a garage full of old stuff. Bugs mold, and mildew will destroy it
in a season or two unless you run a dehumidifier.
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Pretty thievery
is common in all the beach areas of Costa Rica. Unless you’re in
the business of selling drugs, petty theft is just about the only crime
here. The area is so safe that single young women and even little
kids frequently are seen hitchhiking. But if you hang your Billabong
surf trunks on a clothesline near the beach, there’s a good chance they’ll
be gone by morning. To combat this, some houses have decorative iron
bars on their windows, an ADT security system, a big dog or two, or a caretaker
living on the property to keep watch.
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Substance Abuse
is fairly common among the ex-pat community that moves here. The
bars have a party atmosphere that is contagious and everyone is always
in a good mood, which somehow leads to over consumption of just about everything.
People who cannot control their addictive habits shouldn’t move here.
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Creepy Crawlies
such as scorpions, spiders, and snakes are fairly common here. Costa
Rica has 12 types of scorpions, but none are dangerous. Their sting
is similar to a wasp. Scorpions in the U.S. are much more deadly
and dozens of people die in Arizona from them every year. There are
no dangerous spiders in Costa Rica. The most poisonous spiders in
the world lives in the U.S. (the black widow and brown recluse.)
In this part of Costa Rica, venomous snakes are uncommon and I’ve been
unable to find anyone who’s ever been bitten.
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Boredom affects
some people who move here, especially people who are from big cities and
are used to having dozens of bookstores, movie theaters, shopping malls,
and other types of cultural stimulation. The community here is still
in its formative stages. People spend a lot of time at the beach,
hiking in the jungles, working on their gardens and homes, pursuing their
hobbies, and having dinner parties with friends. The closest big
city, San Jose, is over five hours away by car. To some people, the
lack of stress can be very stressful.
Snake Oil
Salesmen are common in Costa Rica. Because the legal and justice
systems are still relatively primitive and there’s so much money to be
made investing in real estate, there are many people here, including foreigners
and even famous name brand real estate companies who are “ethically challenged.”
People sometimes attempt to sell land that either they don’t own, has already
been sold to someone else, or has a judicial lien against it. Most
contracts are written in Spanish.
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| Before
buying, get a good lawyer who speaks your language, not a corner shack
lawyer in a small town. Tropisphere can recommend several good ones.
Talk to the local ex-pats about which realtors are honest. These
are small towns and most people living here know who the sharks are. |
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Taking
the plunge…
While its not
for everyone, moving here certainly makes it possible to retire 10-20 years
earlier than in the U.S. or Europe, while you’re still relatively young.
Most of us who have done it can’t ever imagine moving home to deal with
endless bills, traffic, pollution, crime, and a constant stream of bad
news on T.V. It’s easy to get used to the year-round warm waters,
parrots and monkeys in your back yard, and relaxing in secluded waterfalls.
If you love nature and are looking for a more tranquil way of life, then
Costa Rica is a great place to live or possibly raise a family. |
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