We bought a hectare of land for 40k in 1998. That’s $4usd/square meter if you’re counting. There’s a “development” bordering on us with 20
X 50 lots selling for 100k and up. Houses, some completed, some under various stages of construction, where the owners are looking at an additional 300 to 600k in construction costs. Before furnishing and maintenance. From there to the point, approximately 600 liner meters, has mostly been sold. All of the beachfront floods and is unsuitable for building any kind of residence. Fenced parking places. No public services. None. Cero.
We got 15 good years where our closest neighbor was on the other side of the river, a click and a half away. (Carlos Alberto Rósales Mendoza, google him for a good time). Everyone that showed up, no matter who they were, was a visitor. And well received for the most part.
We bought 3,000 sq meters in the center of Santa Teresa, across from la Lora and one of the main peaks of that whole stretch of beach. It is the last untouched road front lot, goes 120 meters up the gentle hill, covered by mature non producing old mango trees. We paid $100k in 2005. We are in the (sluggish) last couple of months of closing the sale of the land….
18 years of growth and exploding popularity and we have the last little virgin lot. I’m a small kine owner but it’s better than a sharp stick in the eye. I also get 1% for “managing” the whole thing for these last 18 years, plus “the company” owes me about 20k in taxes, bills, lawyers fees, and countless other expenses I covered in the last 15 years or so.
My partners were all out west in those early years making money growing weed, so they couldn’t pay bills out of the country very easily
and before anyone worries subway is gonna get subway’d by his long time partners, subway has sole power of attorney now To execute the sale.
Anyway it’s not instant retirement money, but enough to maybe invest in something else down there. Or just keep the cash and stash it index style for 20 years
Or, of course….hookers and blow? It IS Costa Rica after all, and I’ll be in San Jose for the closing and reason to celebrate afterwards. I’d have to include my wife, but thats not a deal breaker for her (minus the blow, we‘re long past that)