[slideshow]Finding A Niche When The Market Is Slow: Local Developer Builds Affordable Communities – $140,000 Jaco Beachfront Homes and $85,000 Near The Beach!
Jaco Beach is the largest and most popular beach town in all of Costa Rica. Everything a tourist or resident would need for their comfort and convenience can be found there – banks, grocery stores, doctors, dentists, lawyers, clinics, and every imaginable type of store, bar and restaurant. In addition to the beach, there tons of activities, such as inshore and offshore fishing, diving, ziplines, quadracycle and jungle tours, horseback riding and more!
Four years ago, when the global economy was humming along and droves of foreigners were buying Jaco beachfront homes in Costa Rica, Jaco was Costa Rica’s version of a boomtown. Numerous very nice Jaco beachfront condominium projects were started and pre-sold. Other projects and Jaco Beach homes in the vicinity were built and the local resort community of Los Suenos saw its numbers grow to over 500 homes and condominiums built.
Then, as we all know the bottom fell out globally, two plus years ago and new development in Jaco, and all of Costa Rica in general, came to a grinding halt. Since then there have been very few new projects.
At this time, a local development company, determined that the market had in fact changed and there was now an opportunity to provide affordable homes in great locations so that people could still realize their dreams of living or owning a vacation home in Costa Rica. Thus the “Casitas” concept was born. The word “casita” means small home in Spanish. There are three casitas projects in the Jaco area that are thriving, and in all three there are homes being sold and built currently. These are one of the very few developers actually building new product in the area.
The Pueblo Escondido project in Playa Azul is 15 minutes from Jaco Beach and 200 meters from the beach front. There are 24 lots, 16 of which have been sold, and there are 12 homes already built. The project is walled, gated, and guarded 24/7 with lush plantings and a community pool. Homes are available from $45,000 with developer financing!
Click here to learn more about buying casitas in Costa Rica
Closer to Jaco Beach in Herradura, 5 minutes from the beach and Los Suenos and 10 minutes from Jaco, is the Los Tucanes project. Begun in April and nestled in the tropical forest, Los Tucanes will consist of 36 homes in 3 phases. Phase 1 has sold 9 of the 12 lots, and there are 4 homes completed with 3 more under construction. Phase 2 will be released shortly. Named because of the many tucans who pass through the project area, there are also daily visits by groups of monkeys, scarlet macaws, sloths and a variety of other friendly jungle dwellers.
The standard 2 bedroom / one bath home starts at $85,000 and comes with AC, appliances, hot water, custom kitchen cabinets and more. The homes can be enlarged and there is developer financing available. The community is gated and guarded 24/7 and has a community pool and rancho.
The newest addition to the Casitas community is the project Villa Bella, which sits on the beachfront in Playa Hermosa, one of the world’s most famous surfing beaches just 5 minutes south of Jaco. Villa Bella will consist of 52 – 2 bedroom / 1 or 2 bath homes starting at $140,000 equipped with AC, appliances, hot water, and custom kitchen cabinets. An optional rooftop deck expands the living area and offers a great view of each evening’s breathtaking sunset! Sales and construction have only recently begun and there are 2 homes underway. The best lots are going fast.
The Villa Bella community is steps from the beach and will also have 2 community pools with ranchos, will be gated and guarded 24/7. Developer financing is available and these Playa Hermosa vacation homes will certainly be in great demand as vacation rentals, offering a nice return to the owner(s).
With the opening of the modern new Autopista Del Sol highway that connects the capital of San Jose to the Central Pacific, Jaco is now only about an hour from San Jose and the Juan Santamaria International Airport .
Now is the time to start planning your escape from winter to come visit Costa Rica and see these wonderful communities. The Developer is happy to offer its “Fly and Buy” program, where they will reimburse you $1500.00 for your trip down should you buy a casita!
To inquire about Los Tucanes and the Casitas project, please contact us here.