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Am trying to find info about the developers, Mussio & Madrigal Arq. Assoc., S.A. before I invest in this project – has anyone heard anything negative/positive about them?
Call Freddy 5062 643 2313 or freddyqb@gmail.com He is a friend in the re biz down there, grew up in Hermosa.
Keith
Thanks, Keith – just heard from another source that Las Olas Beach Community is not a good investment at this time. So glad I checked prior to losing money….
DorisYou also could drop an email to Kathy,( ilandgirly@yahoo.com ) she can give you some usefull information pertaining to the Esterillos area.
You should check this out VERY carefully (like any investment) before putting any money down. I looked at this a couple years back, it is an extremely ambitious project, and they were hoping in some ways I guess to develop a “Los Suenos” #2. So far virtually nothing has been built, it might stay that way for a long time given current conditions. If you do put any money down, best it goes into independent escrow where you could be sure to receive a refund if nothing gets built within a certain timeframe.
If it is Las Olas you are considering, the project seems to be abandoned with only a couple of concrete walls of their “beach club” standing in an abandoned, fenced lot just behind the Low Tide Surfer Bar. I personally met a “gentleman” in Escazu who was selling all contents of his home and clearing out of CR in a hurry. He claimed to be a major money-silent partner in Las Olas. He claimed that all investors got their money back. I wouldn’t bet on it. Said he would be back in 5 years when the economy gets better. Sure bet!!!
Several houses in Costa Montana and Costa Esterillos have been designed by Mussio and are already built. In my opinion, there is way too much unfiltered glass in these homes that lets all the heat in and doesn’t keep them properly insulated. He never heard of double pane insulated glass. The homes can be entered in Architectural Digest but I would not like to be paying the A/C bill.Thank you, John – we have decided to stay away from this development. Love your thought about the “independent escrow” and we will definitely consider this for wherever we wind up.
Doris
Thanks – we appreciate your input! We will definitely stay away from Las Olas.
As far as Mussio architects are concerned, I had not thought about the huge amount of glass – it looked very nice – but you are absolutely right, it means a high A/C bill!
Doris[quote=”gkbiz”]If it is Las Olas you are considering, the project seems to be abandoned with only a couple of concrete walls of their “beach club” standing in an abandoned, fenced lot just behind the Low Tide Surfer Bar. I personally met a “gentleman” in Escazu who was selling all contents of his home and clearing out of CR in a hurry. He claimed to be a major money-silent partner in Las Olas. He claimed that all investors got their money back. I wouldn’t bet on it. Said he would be back in 5 years when the economy gets better. Sure bet!!!
Cabo Caletas who uses Mussio architects seems to also be shut down due to inability to get titles for their lots as the lot sizes vs home size do not meet CR law. This is what I have heard is the reason.
Several houses in Costa Montana and Costa Esterillos have been designed by Mussio and are already built. In my opinion, there is way too much unfiltered glass in these homes that lets all the heat in and doesn’t keep them properly insulated. He never heard of double pane insulated glass. The homes can be entered in Architectural Digest but I would not like to be paying the A/C bill.
You can see many of them at costadevelopers.com , see model homes in Montana and Esterillos, most are his designs.[/quote]
Hello, I am responding to the incorrect information that one of the posters had posted on Cabo Caletas. Cabo Caletas has never used Mussio for anything related to the project. Our architects name is Alberto Reifer and he has one of the most successful firms and development companies in Costa Rica. Secondly, Cabo Caletas has not been shut down. They are in the process of getting their home sites registered with the national registry. The average size is 2000 M2 so they are plenty large and well exceed any regulation that Costa Rica has put forth. It is a typical case where the Costa Rican system is causing unnecessary delays although this should be resolved very soon.
As far as Esterillos Oeste goes, I truly believe after living here for 5 years that if someone is strongly considering to purchase something in Costa Rica, that this area/town is the place to invest. Too many positives happening.
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