Discover a unique opportunity to own an oceanfront concession property in Costa Rica, ideal for buyers seeking a private coastal retreat surrounded by nature and breathtaking beachfront scenery.
This property is currently registered under a corporation, allowing the transaction to be completed through a share transfer structure, which can simplify the acquisition process for qualified buyers. Under Costa Rican concession regulations, at least 50% of the ownership must be held by a Costa Rican citizen
1. Zoning & Land Use:
- The property is located within a Mixed Basic Services Zone (MIX) with recreational residential use, allowing the construction of vacation residences for the concession holder and their family for non-commercial purposes.
2. Building Parameters
- Maximum land coverage: 70%
- Maximum construction height: 2 stories or 10 meters
- These parameters provide excellent flexibility for developing a luxury beachfront vacation home while maintaining harmony with the surrounding environment.
3. Concession Renewal Process in Costa Rica:
- One of the key advantages of this property is that the concession renewal process is generally straightforward when the property remains compliant with local regulations.
- The concession can typically be renewed successfully when the following conditions are met:
- Property taxes are current
- No unauthorized or illegal construction exists
- Compliance with local zoning and municipality regulations
- No invasion of public maritime zone areas
- Construction permits have been properly approved
- Maintaining these requirements helps ensure a smooth renewal process and long-term legal stability for the concession holder.
Important Legal Considerations
Oceanfront concession properties in Costa Rica operate under specific legal regulations different from titled inland properties. For this reason, all real estate transactions should be carefully reviewed and managed by a qualified Costa Rican attorney to ensure full legal compliance and provide security throughout the purchasing process.
4.Why Invest in an Oceanfront Concession Property?
Beachfront concession properties continue to attract both lifestyle buyers and investors due to:
- Prime beachfront locations
- Limited oceanfront inventory in Costa Rica
- Strong long-term appreciation potential
- Exceptional tropical lifestyle and privacy
These properties are especially appealing for buyers looking to create a personal vacation residence near the ocean in one of the world’s most desirable coastal destinations.
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