A little history about Costa Esterillos Estate….

Posted by Daniel on October 4th, 2018 filed in Uncategorized
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For a Vitual tour, click link below:

https://youtu.be/ogOXv6AYY3E

Costa Esterillos Estates is an impressive 400 acre property in the coastal mountains, 1 km to the beach, located 22 km south of Jaco. Total project is 400 lots in condominium with miles of lighted brick roads, vigelent 24-hour security, and a guarded main entrance with security cameras and a minimum of 2-3 guards on-site at all times. The roads, and common areas are well manicured and maintained with a full staff of 3 gardeners / maintenance crew working 6 days a week and on-call for emergencies 24 hours.

The opportunity this project presents today: In the bylaws of the condomimium there is a minimum building requirement of 2000 sqft of construction, which classifies these properties as a luxury home development, and the luxury home market is still yet to recover, so Seller’s are taking huge losses and selling for a fraction of what they paid nearly a decade ago. For the investor with vision…. The market will recover eventually, and the HOA is willing to work with owners that want to build.