Costa Rican Caribbean View: $3,000 an Acre

Drift wood lies scattered on the steel gray sand. It’s been here since the last storm brushed past. By now it’s bone dry. One piece…a curiously shaped trunk…cries out to be sat on. I oblige. Perfect yuppie furniture.

I’m sure it would sell for a five-figure sum in a trendy Manhattan furniture store. Customers would be told a story about how some Italian designer traipsed the earth to find the perfect blend of style, function and nature. Here it was. It’s comfortable all the same. I wonder how the Italian designer would replicate the roar of crashing surf and the feeling of salt and spray in a loft apartment.

My perch offers a great vantage point to look north toward Limon (which is minutes away) and south toward Panama. Limon (the name of the province and also the capital city) was a company town. United Fruit managed the port, built the railroads and bridges, looked after the colonial buildings, and was the major employer. When the company pulled out of town in the 1960s, Limon became Costa Rica’s forgotten province.

When the Costa Rica tourism machine began bringing in droves of foreign visitors in the 1980s, it was the northern Pacific coast that most benefited. Even Costa Rica forgot about Limon. Cruise ships come but it’s still off even locals’ radar. That’s why we have this opportunity today.

This Caribbean beach is raw. Unsophisticated…despite the furniture. Forty five minutes south of here you will find the best beaches along this stretch. Picture-perfect Caribbean.

Here, though, we are just minutes from the amenities of Limon. But, it feels untouched. It pretty much is. Walking south, the beach goes on as far as the eye can see. The mist from the surf makes sure the eye can’t see so far. I keep expecting a resort to appear out of the mist. It never does.

The closest thing to a resort I see is a little barbecue area in the green strip of palm trees that separates the beach from the road. This road is a special drive—beach on your left and mountain jungle on your right as you drive south.

I want to make a pile of driftwood on the edge of beach. And wait for sunset before I set it alight. For dinner I’ll barbecue a fresh corvina and some yuca. I wouldn’t mind sleeping here under the stars. Standing guard over my valuable new piece of furniture. People are waiting though. I need to get back to work.

We point west and drive seven minutes into the hills. The views to the ocean are spectacular. As are the views inland—steep and sharp jungle-covered mountains. We’re looking at 50 acres of rich verdant jungle, streams, mountain views and a full 200-degree panorama to the ocean.

This would be perfect for a little development or eco resort. An offer of $150,000 has just been accepted. That’s $3,000 per acre. I’m disappointed…temporarily. A few clicks to our left a piece of about half this size is about to be listed. It’s now on the market.

I’m preparing a full report on this stretch of coast to send members of Real Estate Trend Alert by the end of the week. To learn more about “RETA” and what we do (including how to join), you’ll find everything you need here.

Editor’s Note: Ronan McMahon is the Executive Director of Pathfinder (International Living’s preferred real estate advertising partner), which focuses on opportunity for gains in strategic pockets around the world-before most folks have even heard of them. He writes for Pathfinder’s real estate investment service, the Real Estate Trend Alert.

Comments are closed.