Paradise Point Resort (Punta de Paraíso), Costa Rica

Paradise Point (Punta de Paraíso) resort, another GMA International community development, is on the former Canaza Cattle Ranch on the OSA Peninsula point, located on the Pacific Southwest coast of Costa Rica. With approximately 900 hectares or 2,223 acres of land on over a half-mile of sandy beach in a protective cove, this is a true paradise with emerald green waters, lush forested mountains and spectacular views from every direction. In addition, the property is bordered by a 125,000 acre park known as the Corcovado National Forest. This reserve is renowned for having one of the world’s most diverse arrays of plant and animal species with rain forest and crown canopy tours available throughout the park.

The most noted advantage to Paradise Point is its “titled land” designation. In Costa Rica, 95% of ocean front property is concession land, not owned by the buyer, but leased by the government in 5 to 20 year leases. Our property, titled prior to the enactment of the current laws, allows ownership for our buyers in fee simple deeds, without requiring a concession and lease which needs to be renewed every five to twenty years. Paradise Point is the largest ‘titled’ ocean front property currently available in the country.

Paradise Point bay will include a world class marina with over 600 slips making it the largest marina in Costa Rica. Its deep water channel, over 1000 meters deep, will allow for mega yacht and cruise ship docking. The development will also include five resort hotels, three championship golf courses, beach club, ranchettes, condos, and residential homes. Naturally terraced knowles at the rear of the property overlook the ocean with views that will take your breath away.

The real estate market in Costa Rica is enjoying the benefits of accessibility, tourism, stability, beauty, and all the other amenities the country provides. Real estate appreciation documentation confirms just how lucrative such an investment in Costa Rican real estate actually is.

The Costa Rican Real Estate Guide reports that for the developments on the coast, the average residence which sold for $300,000 in 2003 is now worth $1,000,000, an annual appreciation of over 100%. The average cost of a condominium of $250,000 in 2003 now has an average value of $800,000, also an annual appreciation of over 100%.

The Costa Rican Real Estate Guide also projects the market for ocean view lots to appreciate from current 2006 prices to triple or quadruple in the next three years.