With its cheap land, the coastal province of Limon offers investors an excellent opportunity to acquire Costa Rican real estate at an affordable price. Offering white sands, turquoise waters, wealth of activities for nature lovers, established modern amenities and planned development underway, Limon is poised to become the next popular Caribbean destination. See the following article from International Living for more on this.
Costa Rica’s Caribbean coast is picture perfect. The sand is white and the water is turquoise.
Back from the coast, you have the Talamanca Mountains. You get magnificent views of the Caribbean and the surrounding mountains and valleys. The breeze is fresh and the wildlife abundant—70% of the coast is protected.
Unlike the Pacific Coast, the Costa Rican Caribbean enjoys year-round rainfall without a dry season. So instead of the parched, dusty environment found in some areas, you’ll find lush green tropical forests and tumbling rivers.
This is a nature lover’s paradise—sport fishing, dolphin-watching, snorkeling, scuba diving, kayaking, and white-water rafting. You can enjoy a quiet nature hike, a volcano tour, or a visit to an indigenous village.
The province of Limon stretches the length of the Caribbean coast. The city of Limon is home to 75,000 people, 40% of whom speak English. It’s equipped with up-to-date supermarkets, excellent small specialty stores, and a modern hospital.
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Limon is known as Costa Rica’s forgotten province. That’s set to change. A major gentrification process is underway in the city. There are plans for a $600 million modernization of the ports of Limon and nearby Moin.
Moin has a Caribbean charm, but not much in the way of amenities. A $40-million marina development including a 500-slip marina, two breakwaters, a shopping center, 800 homes, a yacht repair area, and a luxury hotel is on the way.
The marina will change this sleepy Caribbean outpost. How much? Consider Los Suenos on the Pacific side of the country. This was Costa Rica’s only private marina. When it was developed, the area boomed.
Now is the time to act before the world remembers Costa Rica’s forgotten province.
There’s a development here that I consider the gold standard project in the area. Set back from the coast in the Talamanca Mountains (a 30-minute drive from Limon and Moin) the 1,300-foot elevation allows for fresh ocean breezes. The site is diverse, with virgin rainforest, five rivers, two waterfalls, and gently rolling hills. You’ll spot hundreds of bird and animal species.
The large private properties here take advantage of the Caribbean, valley, and mountain views. Lots range from 1 to 5 acres, assuring plenty of room to stretch out. (You can build a 1,400-square-foot house for $100,000.)
Better yet, you can get financing to stake out your piece of this land.
Here’s the deal: $40,000 buys you a 1.5-acre lot. You can buy this lot with $14,000 (35%) down. The balance of $26,000 can be financed over 10 years. You pay no interest for the first two years, and make monthly payments of $216. At the end of two years, you can repay the outstanding balance ($20,816) or alternatively you can finance this amount for eight years at 8.5%.
That’s a monthly payment of $299.
This article has been republished from International Living.