Costa Rica Master Planned Communities

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Overview

Los Sueños

Overview – This master planned community started development in 2000 and is considered the top master planned project in the region. The project is situated on Herradura Bay, one of the first beaches drivers arrive to, upon arrival from San Jose.

Owner Profile

Age: 35–70-years old

Nationality: 35% Costa Rican, 65% International

Services

Utilities – Water treatment facility, paved roads, with curb and gutter, immaculate landscaping, underground electricity.

Landscaping – natural, open

Amenities – marina, restaurants, bars, banking, beach club, hotel, small beach

Products

Condominiums:

Alta Vista Residences – Community of 14 house lots at the base of Los Sueños rainforest reserve and overlooking La Iguana golf course.

Bay Residences at Del Mar – 30 oceanfront condos of 2000 square-foot residences with 3 bedrooms and 2 bathrooms. In addition, it has three community pools and jacuzzis, as well as a fully equipped gym.

Bella Vista Condominiums – Luxury beachfront condos of 3,100 square foot with 3 bedrooms.

Colina Condominiums – Colonial-style condominiums of 15 buildings, 3 stories high with 6 units each building.

Del Mar Condominiums – Neighborhood of 84 residences configured in two primary floor plans of 3 bedroom and 2 bathrooms.

Marbella – 6 building condominium of two units with only 3 bedrooms and 3.5 bathrooms. Each building has pools and jacuzzis with terraces surrounded by gardens.

Miramar – Condos of 3 bedrooms and 3 bathrooms with 1,700 square feet of living space.

Vista Bahia – Beachfront condos.

Vista del Sol – Ocean view residences with areas up to 5188 square feet, as well as swimming pools, gardens and terraces.

“The project is almost completely sold out – subdivisions are now being designed within the golf course” Property Manager, Los Suenos

Single Family Homes

Fairway Estates (2021) – 14 home sites at the base of Los Sueños rainforest reserve.

Del Bosque Lots – 16 home lots from 3,191 to 3,873 square feet in size.

Eco Golf Estates – Single family homes and lots with golf course views. 4-bedroom minimum size.

Las Brisas – 10 single family villas from 22,000 to 24,000 square feet in size.

Montebello – Forest views residences of 4 buildings which have 3-bedrooms and 3 bathrooms.

Montecielo – 30 ocean view residences of 3-bedrooms and 3.5-bathrooms.

The Estates – 7 oceanfront view lots average 14,000 square feet in size.

Tres Bahias – Private luxury homes located along the golf course with a view to the resort, ocean, fairway and rainforest.

Veranda – 64 golf course homes of 1,2 or 3 bedrooms.

Villa Malibu – 8 single family homes.

Villa Rivera – 18 beachfront homes.

Hotel

Los Suenos Marriott Ocean & Golf Resort – a full-service resort with golf club and swimming pools. The project is located on Herradura bay and is integrated with the master plan.

Nativa

Overview

Nativa is an ocean-view master planned community located above Playa Azul and about the river Tárcoles. The resort is divided into three stages where the first one consists of 35 hectares of land with some developments as condominiums and single-family homes. In addition, the first phase has 3 hectares to preserve the primary forest of the region.

Owner Profile

60% Costa Ricans, 40% International

Services:

Utilities – Water treatment facility, paved roads, with curb and gutter, immaculate landscaping, underground electricity, fiber-optic internet.

Landscaping – mountain, jungle and ocean views.

Products

Phase I

Single Family Homes – 55 lots for residential use

Resort pool

Condominium Projects (Apartments): Las Brisas, Las Vistas, Las Lomas, El Jardín

Phase II – 36.46 hectares adjacent to hotel site. Raw land lot originally designed for 150 family home sites.

Phase III – 36.39 hectares originally designed for 185 lots.

Hotel Site – 8.3 hectares with ocean, coastal, river and mountain views.

Místico

Overview

A large, and growing master plan, Mistico started as a rural subdivision with lots and man-made lots. During 2021, the developers purchased additional adjoining parcels and have planned new subdivisions and beachfront projects.

Owner Profile

75% national 25% international. Expected to change, as the beach club is announced, and beachfront projects released there is expected to be more international buyers.

Services

Utilities – Public water, water treatment plant, underground public electricity, high-speed internet

Roads – Internal paved roads with curb and gutter.

Landscaping – natural, open

Amenities – lakes, recreation centers, beach club (planned), large sandy beach, sports and social club (planned), horse stables (planned)

Products

Single Family Homes

130 lots at Los Lagos (First stage of the project)

Lots and residential development at Las Colinas stage (planned)

Condominium Units

Lakus – 20 apartments from 94 to 240 M2 at Los Lagos (First and existing stage of the Master Plan)

Flats – 12 apartment units of 130 M2 at Los Lagos (First and existing stage of the Master Plan)

Nautilus – Two towers with 32 apartment units of 80 M2 at Los Lagos (First and existing stage of the Master Plan)

Hotel Pads

Floating hotel at Pacific Místico Stage (planned)

3 themed hotels at Hermosa Místico Stage nearby Hermosa’s Beach – Surf Academy, Surfer’s Hotel and Luxury Boutique Hotel.

Condo Development Pads

3 planned residential developments at Místico Reserve stage.

Neighborhood Shopping Center Site

Místico Town will have access from Road 34 (Costanera Sur main road) for residents and visitors. Pueblo Mistico features a Commercial Center, a Health Center, Sports Club and Educational Center.

La Hacienda Stage – It will have an Equestrian Lodge, camping and glamping area, a natural park and an organic farm.

LOGAN Costa Rica offers consulting and appraisal services for condos and second homes and works often in the major traditional markets (Jaco, Quepos, Papagayo, Tamarindo) as well as the up-and-coming markets.  Typically, these appraisals are for acquisition purposes, divorce appraisals, estate settlement, litigation appraisals, or for international financing purposes. Below are some noted professional resources for second home and vacation home buyers:

LOGAN Costa Rica, works on master planned communities in Costa Rica by doing appraisals and market studies – this division is known as the Resort-Residential, Hotel Division. This division offers the following products: appraisal of condos, custom home appraisals, hotel and resort appraisals, appraisal of development parcels, and single-family residential appraisals. LOGAN (Real Estate Appraiser, Costa Rica) maintains local appraisal designations, as well as international appraisal designations. Appraisals are written in both English and Spanish, as our staff is fluent in both languages.

Security, design standards, infrastructure, reputation, and a cohesive living environment are some of the advantages of living in a master planned community. Costa Rica has seen steady growth in master planned communities – especially in its beach area communities. Below is an overview of the master planned communities in the Central Pacific region of Costa Rica, including Jaco, Quepos, and Manuel Antonio.

Mortgage

CMN Funding – LatAm

Escrow

TLA Title – Latam

Stewart Title

Legal

Sauma Rossi

Invicta

Leadership Team

Leadership Across Latin America's
Principal Markets.

Bryan L. Dragoo MAI, MRICS

Managing partner LATAM

Speciality

Robert L. Dragoo MAI, MRICS

Managing Partner

Speciality

Cristina García, RAA

Managing Director Colombia

Speciality

Andrés Felipe Robayo

Managing Director Mexico

Speciality

Carlos Neuhaus, REPEV

Managing Director Perú

Speciality

Diana M. Tibaduiza, MSF, RAA

Managing Director Caribbean

Speciality

Franedward Moreno Castellano

Managing Director Venezuela

Speciality

Santiago Fernández Daudet

Managing Director Chile

Speciality

Local teams. Regional standards.
One point of contact.

Colombia

81st Street # 11-55, Ochenta 81 Building, North Tower, 6th Floor, Office 601, Bogotá, Colombia

Email adminco@loganvaluation.com
Phone +57 (601) 467-4717
Hours M - F 8.00 am - 5.30 pm

Perú

217 Mayor Armando Blondet Street, Office 901, San Isidro, Lima, Peru

Email adminpe@loganvaluation.com
Phone +51 (1) 702-7126
Hours M - F 8.00 am - 5.30 pm

Central America

San Rafael de Escazu, District 4 North Coast – Amara CC, Office 408, 10203, Costa Rica

Email admincrca@loganvaluation.com
Phone +506 4010-0565
Hours M - F 8.00 am - 5.30 pm

México

Plaza Villa de Madrid No. 1, 10th Floor – Office “C,” Roma Norte, Cuauhtémoc, ZIP Code 06700, Mexico City, Mexico

Email adminmx@loganvaluation.com
Phone +52 (55) 9303-5017
Hours M - F 8.00 am - 5.30 pm

Caribbean – Dominican Republic

86 Rafael Augusto Sánchez Street, Roble Corporate Center, 7th Floor, Office 10148, Santo Domingo, Dominican Republic

Email admincb@loganvaluation.com
Phone +1 (849) 936-3683
Hours M - F 9:00 am - 6:30 pm

Chile

Av. El Golf 40, 12th Floor, Las Condes, Santiago, 7550107

Email adminch@loganvaluation.com
Phone +56 (2) 2485-1345
Hours M - F 8.00 am - 5.30 pm

Venezuela

Calle A-1, Urb. El Parque. Delta Tower, 6th Floor, Office No. 6-E, Barquisimeto, Lara State, Venezuela

Email adminve@loganvaluation.com
Phone +58 0424-5344823
Hours M - F 8.00 am - 5.30 pm
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