Oceanfront Home With Pool Located Right In Front Of A Prime Surf Break In Playa Hermosa
If you enjoy long stretches of sandy beach with consistent surf, you couldn’t ask for a better location. Playa Hermosa is a classic beach break and features some of the best surf in Costa Rica. The waves are dynamic and range from playful waist high rollers to hollow double overhead power surf. The waves are so good at Playa Hermosa that International Surf competitions are often held here. The northern end of the beach includes several bars / restaurants and the southern end features a pristine Turtle Preserve. Other popular activities at Playa Hermosa include kayaking, inshore fishing, biking, hiking, riding ATVs and of course spending time with friends and family around a bonfire while the sun sets over the Pacific. For beach lovers, this is the type of lifestyle that will truly satisfy your soul.
The home includes 2 spacious master suites with walk in closets and private bathrooms. One of the suites has an ocean view and opens up directly to the backyard patio while the other suite offers a bit more privacy. The eastern side of the house features two guest bedrooms with a shared bathroom. The kitchen includes granite countertops, a side-by-side refrigerator, microwave, dishwasher and a stovetop oven. A half bath for guests is located just off the home’s entryway. The living and dining area has an open flow that leads outside to a covered patio and the pool area. The home is surrounded by grass lawns landscaped with privacy hedges and tropical palms. A cool elevated balcony above the patio is the perfect place to look up and down the beach to check out the surf conditions.
The home is turn key ready and selling completely furnished. Amenities include high speed internet service, phone service, satellite television and air conditioning. The home includes private parking with a covered car port and a lock down storage bodega to keep your personal belongings safe while you are not using the home. A newly paved road in front of the house provides smooth and easy access to and from the coastal highway.
Perfect Beachfront Vacation Rental Located Close To The Town Of Jaco
The home is currently used as an income producing vacation rental that is obviously popular with surfers and for those looking to be close to Jaco, yet not actually be “in” Jaco. In only 10 minutes you will find restaurants, shopping, banking, nightclubs, pharmacies, medical services and more. Other attractions include the golf and marina at the Los Suenos Resort, zip lining tours, wildlife tours, fishing charters and many other adventures to fill your day. Many people like the amenities available in Jaco but being able to retreat to a peaceful oceanfront home is a much more desirable option than staying in a crowded condo tower in town. With a private pool and a killer location right on the beach, this home definitely hits the bullseye as a prime vacation rental. With a proper online marketing program in place, it should consistently beat out competing rental homes in the area.
Some Background On “Replacement Cost” And “Beachfront Concession Property” Vs. “Beachfront Titled Property”
This beautiful oceanfront home in Costa Rica has full title and is listed at an incredible price. We often speak of Replacement Cost when factoring the quality of a deal on a home purchase. Replacement Cost equates to what it would cost to build a home of comparable quality plus the price to acquire the land. We researched neighboring front row land parcels and found that the current average asking price for the nine remaining lots is $445,000 each. Based on this home’s current asking price of $489,000, that leaves only $44,000 to build a comparable 3,100 sq. ft. 4 bed / 3.5 bath home with fixtures, furnishings, landscaping and a pool. As you can see, this property is listed way below the Replacement Cost. You could not come anywhere close to replicating this home for $44,000 or even $144,000. If this is not a deal, we have to find a new definition for the word.
Another important factor to consider is that this property includes Full Title (Fee Simple Ownership) while being located right on the beach. 95% of beachfront properties in Costa Rica are Concession Properties. Of the remaining 5% of beachfront property with Full Title, the majority is priced for millions of dollars. In the case of Concession Property, you are simply leasing the right to use the land from the Costa Rican government for a set amount of time. During the term of the lease, annual payments must be made to the Costa Rican government. After the lease has expired, you can apply for a new concession with the Costa Rican government – but there are no guarantees that it will be granted. This is the primary risk in purchasing Concession Property.
Since the Costa Rican government usually gives preference to businesses that can bring in large tax revenues, you may have to start packing if your concession is about to expire and a resort developer has their eye on your land. There are many instances where individuals have built successful beachfront vacation homes on concession land, but it can be a bit of a risk for the average Joe. In the case of this oceanfront home, there are no worries about renewing your concession as you will own the property outright with Full Title free and clear. This is a true rarity, especially around Costa Rica’s Southern Zone.
If you don’t have millions of dollars but would like to purchase an oceanfront home in Costa Rica, you definitely need to check this place out. In the right hands, there is a very good opportunity here!
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