South Pacific Costa Rica Real Estate – New Infrastructure Improvements
One of the hottest Costa Rica real estate markets is the Southern Zone, roughly from Jaco to the Panama border.
Pristine beaches and vast expanses of raw, undeveloped land covered with lush rainforest attract savvy investors to this area. The stunning coastline changes from empty beaches in Matapalo and Hatillo to rocky cliffs south of Playa Dominical to the Terraba River deltas and the intense biodiversity of the Osa Peninsula jungles.
The Southern Zone includes the famous surfing beaches of Jaco and Playa Dominical, Uvita’s Whale’s Tail reef formation in the Ballena National Marine Park and the Corcovado National Park.
These are only a few of the attractions that make the Southern Zone one of the best investment areas in Costa Rica. “Over the last five years, we have seen real estate investments appreciate 20 percent to 35 percent per year and occasionally 50 percent to 100 percent,” says Daveed Hollander of Coldwell Banker Dominical Realty. “Although our area is no longer a secret, it is relatively undeveloped, with unlimited and untapped opportunities.
“The Southern Zone is attracting everybody from adventurous young people and retirees seeking affordable house lots, to developers looking for larger properties on which to build resorts, marinas, golf courses, condos and villas. This could well be the last place in Costa Rica that offers affordable properties with fantastic ocean and mountain views and beach access,” Hollander says.
New infrastructure improvements make the Southern Zone increasingly accessible and easy to navigate. Living and doing business there is getting easier all the time.
For example, the Pacific Coast Highway between Playa Dominical and Coronado has been repaved, widened, lighted and painted with yellow and white lane markers. “The Pacific Coast Highway is one of the best roads in the country, and the most scenic,” Hollander says. “It winds along the coastline and beaches, revealing some of the most beautiful views in the whole country.”
When the Quepos-to-Playa Dominical road improvements are completed, drive time from Quepos will be cut from 90 minutes to less than 30 minutes.
Construction has started on the Osa Hospital near Palmar Sur. Daily commuter flights have increased from San Jose to Palmar Sur. The Costa Rican government has announced studies to determine the location for a new international airport serving the Southern Zone.
Officials also announced that the Southern Zone will receive more development and marketing attention as a tourism destination, to help disperse tourism from resort areas that are more famous but over-crowded.
Electricity service now covers formerly blacked-out areas south of Uvita. Phone and internet service is available almost everywhere. New internet cafes, banks, businesses, hardware stores and commercial office suites are springing up.
Retail and service outlets also are popping up, offering more shopping options and convenient services to residents and visitors. These include a modern shopping plaza with a movie theater in San Isidro de El General (also known as Perez Zeledon), about 45 minutes’ drive from Playa Dominical.
“People tell us that one thing they love about this area is the privacy without isolation. In the Southern Zone jungles and beaches, you can be surrounded by nature and just minutes from a town,” Hollander says.
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