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Eco-community ocean and mountain
view lots for sale |
A select offering of Costa Rica property
for sale is now available at pre-construction prices by Finca Las
Brisas. The Costa Rica property (individual lots) listed on this
page are 5,000
square meters (1.25 acres minimum, some slightly larger) and are available at the
prices listed below (prices subject to
change at the discretion of FLB).
Also included for FLB lot owners at
no additional charge is access to and use of the following: 
(Review community center) First Phase construction completed May 2010
-
US National and State Park
caliber set of natural waterfalls, pools, rivers and
streams. These water destinations are on our own preserve,
but the area offers many other destinations.
-
Yoga/massage platforms (planned)
-
Commercial community kitchen
(Phase 2)
-
Office/laundry facilities
(Phase 2)
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Rivers/forest preserve with water falls & swim holes
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Extensive hiking trails
-
Pool (Phase
3)
-
Horse corral (*Pre-existing
with planned update)
-
Hundreds fruit tree
planted
-
Water lines to lots are installed & functioning.
The Master plan below identifies
the community area but not the entire Finca Las Brisas property.
Click
to download full Master Plan as a jpg file.
Lot sizes are in square meters.
One hectare = 10,000 sq meters. 5,000 sq meters = 53,820 sq
feet, or 1.24 acres.
Note: All of these lots are now
legally subdivided and fully registered with the Registro Nacional
(National Registry). Many are also legally bound to their own
corporation (see reason below) and ready for transfer. Several
others have been subdivided, but have yet to be formally bound to a
corporation (this takes only a few weeks).
Anyone interested in securing a particular lot can do so by signing
an Agreement of Sale with FLB and wiring a 10% non-refundable
deposit that will be placed in a dedicated escrow account. Closings
will typically occur in approximately 30 days, and can take place in
Costa Rica or can be completed remotely with the help of a courier
service, and our attorney in San Jose.
No
additional lots will be divided from the 150 acre finca. The
remaining land has been preserved in perpetuity for future
generations of humans and wildlife to enjoy.
Click to view:
Map of Finca Las Brisas rivers and streams
Map of primary types of vegetation
Topographical Map
Of our initial 26 lots shown above in the master plan we have 12
lots available.
| Lots |
Current List Price |
|
|
|
|
1 |
$100,000 |
|
|
|
|
2 |
$106,500 |
|
|
|
|
5 |
$117,000 |
|
|
|
|
7 |
$118,000 |
|
|
|
|
13 |
$117,000 |
|
|
|
14 |
$124,500 |
|
|
|
|
15 |
$117,000 |
|
|
|
|
16 |
$146,500 |
|
|
|
|
18 |
$158,500 |
|
|
|
|
23 |
$129,000 |
|
|
|
|
26 |
$109,000 |
|
|
|
*Note: prices subject to change at any time. Five
lots, not showing on master plan are available on the east side of
the property. Two are under contract.
Note: For construction plans,
buyers may use their own contractor and design plans, with FLB
approval. For additional information, contact FLB at
info@fincalasbrisas.org
Purchase of property in Costa Rica is easy and safe for
non-residents and non-citizens. However
the steps and process are unique to Costa Rica.
At Finca Las Brisas we
secured the best legal and real estate representation to help us
with all transactions. We are also open to you involving your own
legal and real estate representation in all steps in the purchase of
property. Finca Las Brisas is owned by people who will be
neighbors with all of the other property owners so we intend to be to
be completely straightforward regarding all of the steps and costs
associated with purchasing property in Costa Rica. We hope the
following description is helpful to you in your evaluation of land
purchase.
Based on our legal, tax, and
real estate research, we have developed what we think is the best
model for purchasing property in Costa Rica. We clearly want to
explain our model since it is a bit different than the way most of
us purchase property in the US or Canada.
Please note, the following
description is just an overview and we are available to educate,
discuss, or answer questions related to purchasing property. Out
intent is to help you to begin thinking correctly about property
acquisition and the best way to acquire land in this wonderful
country of Costa Rica.
“Sale of Land Through a
Costa Rican Corporation” Model
Costa Rican law allows anyone
(Costa Rican citizen, resident, foreigner) to legally own land. You
can purchase property pretty much in the same way you might purchase
property in the US or Canada. A company or an individual could sell
you property and you would own that land as an individual.
However, there is a better
way to purchase property in Costa Rica and Finca Las Brisas has gone
to great lengths and costs to provide this opportunity to all of our
lot buyers. Instead of
selling and buying property between individuals and other entities,
property can be owned by a corporation, and then as a private
transaction, the corporation can be transferred to a new owner.
Each of our lots are registered in
the Costa Rica Land Registry Office with its own registry number.
Each lot is owned by a unique anonymous Costa Rican corporation
(LIMITED LIABILITY CORPORATION) and anonymous Costa Rican
corporation (LIMITED LIABILITY) that
is registered in the Costa Rica Registry of Corporations. If you
purchase a lot from us, that transaction is facilitated by you
acquiring a corporation that owns that single lot. If you purchased
two lots, you would acquire two individual and anonymous Costa Rican
corporations.
In Costa Rica the Board of Directors of the limited liability
corporation is comprised of a minimum of one manager. The shareholder(s) and signing officer have full power of attorney to
act on behalf of the corporation. Once the shares are transferred to
the new owner the corporation is entirely yours.
In a way, you could think of
this as "Corporation Acquisition" vs. just "Land Acquisition."
Transferring ownership of a corporation (which happens to own a lot)
to you has several advantages over buying property and owning it as
an individual, including the following:
1) No Land Transfer Tax is Paid.
If you own real estate in
your own name, you will have to pay a land transfer tax of 2% and
legal fees of 2.5% for a total of 4.5% of the purchase price when
you sell the property. By acquiring the existing corporation the
buyer will save the 2% of the transfer tax and will have to pay the
2.5% for the acquisition of the corporation. If a Costa Rican corporation owns the
property instead of you (you control the corporation), land transfer
taxes do not apply because you transfer the shares of the
corporation to a new buyer, friend, or family member instead of
actually selling a property. There will be a corporation acquisition
fee of 2.5% that the new share owners will have to pay but you will
not be taxed on the sale of the land. Technically, under current
Costa Rica law, you would not be selling land, but transferring the
ownership or shares of the corporation to the new owner. When the
corporation acquisition is completed you are no longer involved in
that corporation, or the land owned by the corporation in any way.
Note: If purchase property in
any other way in Costa Rica, and then sell that property you will
be taxed for the transfer of title, there could be capital gains in Costa Rica
if more than two properties are sold within one calendar year, and
you will be taxed
in your resident country. In other words, purchasing property in any
other way could create a tax burden and double taxation.
2) No Capital Gains Tax. With this model, transfer of the
corporation to new owners is viewed as a private transaction and not
the sale of property by Costa Rica law. For example, with this model
your heirs could avoid the high Costa Rica
inheritance taxes because your corporation shares can be willed to
them, who then simply appoint themselves to the Board of
Directors who then fulfill the duties of the corporation. Again,
Costa Rica law does not tax the transfer of corporate share, which
of course includes anything that the corporation might own including
property.
3) Greater Level of
Discretion. You will be the officer of a corporation that owns
the property. It is difficult to obtain information about who owns
the shares of the corporation. Similar to protecting
information about assets in the US, the type of corporation we have
created for each lot buyer offers a high level of anonymity that
does not come with owning property as an individual.
4) Decreased Liability. As in the US, liability is decreased
by having property assets registered under individual Costa Rica
corporations. Although Costa Rica is not a litigious country, land
owned by a corporation does provide increase liability protection.
5) Investment Protection. Perhaps
the most important reason for acquiring your lot in this fashion in
our community is that each corporation (lot) within the Finca Las
Brisas community will have a legally binding “constitution” – in
reality our “Landowner’s Agreement,” or community covenant. This
constitution (feel free to request a copy) will protect each and
every lot owner’s investment, as it will ensure the aesthetic
integrity, limit environmental impact, support community projects,
and secure sustainability for the entire project.
Typical homeowner agreements and community covenants
that we are use to in the US are not legally binding in Costa Rica.
This approach is the best model available for protecting your
investment of property in Costa Rica.
For information on construction process and
costs, please click here.
| 
Copyright 2006-2011 Arjuna
Limitada
LLC. All rights
reserved. Finca
Las Brisas (FLB) d/b/a Arjuna Limitada LLC.a Costa Rica corporation.
