The other day I heard a well known real estate investor talking about distressed properties.

He was lecturing to a group how he felt distressed properties are distressed for a reason and mentioned that some of the best properties he has ever purchased he might have even overpaid for them.

His point was when investing in real estate the goal should be buying quality real estate in a good location. Obviously price is a pivotal key, but it is secondary to that primary fundamental rule.

I have already mentioned in previous articles that when looking at coastal properties in Costa Rica the key is finding great views.

With that said I understand that many people are bottom feeding looking for the deals, but for a moment let’s go back to real estate 101 and focus on the best of the best in Costa Rica beachfront, which is the Las Palmas community in Jaco Beach. Titled beachfront is very limited in Costa Rica, but even more limited are luxury finishes and quality construction.

This community is built to U.S. luxury standards. Every residence is direct oceanfront and every unit has incredible unobstructed ocean views from one end of Jaco Beach to the other. High speed wireless Internet, ocean front swimming pool, Jacuzzi, 100% back up power, and an air-conditioned fitness facility are among the amenities owners enjoy.

What’s special about these condos is their size and floorplan, with each unit feeling much more like a small home, all featuring 3 bedrooms, 3.5 bathrooms, and ranging from 2,200-2,600 square feet in size. Another great feature is this is one of the few beachfront communities that does allow pets, making it perfect for full time living and families.

The developer of Las Palmas has a proven record of developing premium properties with excellent finishes; open, spacious and practical floor plans; systems that are well designed and thoughtful (such as the chiller system, which enables guests to set the thermostat in their own room… yes! Every bedroom has its own thermostat).

And the best news? There currently are a couple units for sale starting at around US$575K that provide fantastic value. Since we’ve seen luxury condos sell for more than US$1 million in this development already this year, we definitely can’t use the word “distressed”, but we would say it’s an opportunity to purchase the best in Costa Rica beachfront.

[custom_script adID=97]

For more information about condos, homes and land for sale in the beach town of Jaco and surrounding areas please contact our Recommended Realtors in Jaco Shawn Fletcher and his wife Hannah Fletcher
using the simple form below:

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.