There are several reasons why owning real estate in a gated community has its advantages. The reasons are plenty: Amenities, security, and maintenance of infrastructure (probably being the most important under a horizontal condominium regime).

Here in our area of Guanacaste there are two resorts that stand out and that have achieved success; Hacienda Pinilla and Reserva Conchal. Both resorts have similar features; an 18 hole golf course, Beach Club, security, solid infrastructure and hotels within their community. However, they differ on the concept and topography.

Hacienda Pinilla holds a more Guanacastecan concept in their flat terrain while Conchal appears to be more modern with a topography that has hills and mountains. They both have solid developers and a defined Master Plan.

The most common doubt any potential buyer has is the monthly maintenance fee that has to be paid by the owners. Perceived as a downside, yet crucial to uphold and maintain the value and the maintenance of the property and community as a whole.

It is positive if you come to think about it as a guarantee that your property will not deteriorate and will hold values better than those outside communities generally speaking.

Why do I say these properties don’t depreciate as much as the ‘outside’ competition when we are in such a tough market?

Let’s examine this: The amenities are in place, despite the economic down turn, they are there for owners, renters and visitors to use. All the services are in place and running, infrastructure is in place and properly maintained. So, the value of the houses goes down, but in these places, all this “pluses” come into the equation of value. How many places like such in the area? None!

The profile of the owners is pretty similar: Baby boomers with their property paid for. For most of them selling for what they paid for, or taking a loss on their property is not an option for most, but occasionally the ‘fire sale’ will surface.

Like anything, there are exceptions to the rule. We have a handful of exclusive listings in the Reserva Conchal and Hacienda Pinilla communities. This month we are featuring a great buy in Reserva Conchal. It is the first time when a price like this has been seen in this resort community and we hope we can help you take advantage of that.

The least expensive condo in Reserva Conchal and best priced per square foot value: On ground level, this 2,306 sq.ft. 3 bedroom, 3-1/2 bath one story condominium has a huge patio that overlooks the 3rd fairway of the Robert Trent Jones II golf course, the 5 star resort, and the Pacific Ocean. A small yard is around the patio.

This floor plan was so popular, it was duplicated in the newest community of Reserva Conchal. The master bedroom is a lock off, so it can be its own stand alone private suite. One could rent out either the master bedroom and/or the two bedroom condo and have two rentals at the same time. A great income producer.

Inside is a tastefully decorated home with high quality furnishings and amenities throughout. The last offering of this floorplan in Bougainvillea sold and was listed for $875,000, so $499,000 for this home is a remarkable buy. Located in the exclusive 2,300 acre gated resort of Reserva Conchal in Costa Rica, there are still private memberships available for the 60,000 sq.ft. owner’s Beach Club and Spa.

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Andrew Makarik

to@welovecostarica.com

Andrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.