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Welcome to THE SANCTUARY AT OSA PENINSULA | Discover The Sanctuary at Osa Peninsula
Welcome to The Sanctuary at Osa Peninsula, Costa Rica. Located on Costa Rica's South Pacific Coast, where luxury runs wild, we are now offering those with discriminating tastes a chance to own luxury, branded one, two and three bedroom residences. Located in Puerto Jimenez, on Costa Rica's Osa Peninsula.
Costa Rica Real Estate, Costa Rica Residences, luxury branded residence, rental program,southern Costa Rica, South Pacific Coast Homes, Osa Peninsula, Puerto Jimenez, gated community, marina, boat slips
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Dreaming About Owning a Residence in Costa Rica?

Dreaming About Owning a Residence in Costa Rica?

 

Living the Good Life in Cotsa RicaTo those of you who have dreamed about retiring or simply spending more time in Costa Rica, the following is an informative and factual representation of life in this magnificent paradise. As one who has lived in many exotic destinations, I can assure you that the simplicity and rich lifestyle that this region affords me is unlike anything I have ever experienced…anywhere in the world.

Many of you have been here before and have experienced firsthand, the Pura Vida “Pure Life” lifestyle for which this region and country is renowned.

Many of the questions that I field from you on a daily basis pertain to cost of living, taxes, legalities, healthcare and lifestyle in Costa Rica. So before we unveil the rest of our development at Crocodile Bay Marina and The Sanctuary at Osa Peninsula, I thought I would first reveal knowledge of the basics in order for you to develop a foundation for the place you might want to call home one day.

Imagine Costa Rica as Your Retirement Destination
Many Americans, Canadians, and Europeans are exploring alternatives for living better on less money. Certainly, there are many places on this planet where this is possible.

But when it comes to living better, it is not just for the pure economics of spending less and getting more. In fact, most of the expats that currently live in Costa Rica site one of the motivating factors to retirement in this paradise as being the fact that there appears to be an increasing lack of civility back home, and, in particular, the way older individuals are treated.

We are in the process of putting together all of the relevant details for you to better understand the offering of luxury branded residences at Crocodile Bay Resort. Before we educate you on the lifestyle and investment component of our new development, I will share my thoughts on making Costa Rica a primary or second home. After being here for only 6 months, I have a personal story to share with you.

Costa Rica’s land mass makes up but a small dot on a world map, and the Osa Peninsula is hardly visible. It is indeed a phenomenon that on this small footprint you will find “the most biologically intense place on Earth” according to National Geographic. My home is located in this tranquil spot surrounded by lush forests, crashing waterfalls, and gentle streams where unusual wildlife abounds.

Why Costa Rica?

Factors that Differentiate Us From Other Retirement Destinations

* Proximity to the USA and Canada – with many direct flights from two international airports (and a third in the works); you are close to the U.S.A and Canada, (less than three hours from Miami).

* Excellent weather – from the temperate Central Valley to the beautiful tropical beaches, there’s a climate to satisfy everyone.

* Top-quality healthcare – The World Health Organization praises Costa Rica for its health care system. It is ranked better than the U.S., despite spending 87 percent less on healthcare per capita. Costa Rica’s national health care system, which all residents have to join, will cost you about $75 per month and that fee covers doctors’ visits and prescriptions. This national health care system is ranked among the best in the world. Of course, private insurance is also available and most plans cover dental, optometry, and cosmetic surgery in case of an accident. Private medical insurance typically costs $50 to $100 per month.

* No other Latin American country has experienced the peaceful history and democratic stability and Costa Rica has no army or military. Sociologists from the Happy Planet Index have written that Costa Ricans report “the highest satisfaction of life.” Canada ranked #58; USA ranked #104. Costa Ricans have the second-highest average life expectancy of the Americas, second to Canada.

* All the comforts of home – modern shopping malls and world-class hospitals. Reliable high-speed internet is available just about everywhere.  Low, low taxes- there is no income tax on foreign-earned income. Best of all – no capital gains tax!

* A built in community of English speaking locals and expats –  It’s said that more than 11,000 retires from the USA currently live in Costa Rica. With almost no pollution and lots of clean water and fresh air, Costa Rica is one of the only countries in the world to actually reverse deforestation by planting more trees than it harvests.

* Costa Rica boasts a very high literacy rate and many of its citizens are bilingual. The implications of an educated population are all encompassing. Not just in the fact that it represents a well-informed workforce attracting many international companies, but that an educated culture reaches out to the lifestyles of other cultures, as well.third in the works); you are close to the U.S.A and Canada, (less than three hours from Miami).


* Excellent weather
– from the temperate Central Valley to the beautiful tropical beaches, there’s a climate to satisfy everyone.

* Top-quality healthcare
– The World Health Organization praises Costa Rica for its health care system. It is ranked better than the U.S., despite spending 87 percent less on healthcare per capita. Costa Rica’s national health care system, which all residents have to join, will cost you about $75 per month and that fee covers doctors’ visits and prescriptions. This national health care system is ranked among the best in the world. Of course, private insurance is also available and most plans cover dental, optometry, and cosmetic surgery in case of an accident. Private medical insurance typically costs $50 to $100 per month.
*No other Latin American country has experienced the peaceful history and democratic stability and Costa Rica has no army or military. Sociologists from the Happy Planet Index have written that Costa Ricans report “the highest satisfaction of life.” Canada ranked #58; USA ranked #104. Costa Ricans have the second-highest average life expectancy of the Americas, second to Canada.
*All the comforts of home – modern shopping malls and world-class hospitals. Reliable high-speed internet is available just about everywhere.
* Low, low taxes – there is no income tax on foreign-earned income. Best of all – no capital gains tax!
* A built in community of English speaking locals and expats. It’s said that more than 11,000 retires from the USA currently live in Costa Rica.
* With almost no pollution and lots of clean water and fresh air, Costa Rica is one of the only countries in the world to actually reverse deforestation by planting more trees than it harvests.
* Costa Rica boasts a very high literacy rate and many of its citizens are bilingual. The implications of an educated population are all encompassing. Not just in the fact that it represents a well-informed workforce attracting many international companies, but that an educated culture reaches out to the lifestyles of other cultures, as well.

Real Estate Opportunities

The future for real estate in Costa Rica is bright…and only getting brighter. Costa Rican real estate costs are still as low as in Mexico, Belize, and Panama. Here is what International Living Real Estate Editor Ronan McMahon has to say about Costa Rica real estate:

“In the 1980s, International Living recommended buying real estate in northern Costa Rica. This part of Costa Rica caught on… and became the number one destination among foreign retirees and investors. Through the 1990s, the market boomed”. He goes on to say… “Thing is: there are, arguably, nicer parts of Costa Rica that haven’t yet caught on”.

There has been a return of American buyers into this market. They consist mostly of the upper middle class in North America looking for a second investment with income potential in the vacation rental market. They want an investment which has value, quality, and performance in order to bolster their retirement strategy. The market for Costa Rica real estate saw a significant turnaround in 2013 after setting a record in international arrivals in 2012 with more than two million people landing on its sunny shores. Reports from agents and agencies are highly optimistic for 2014 since a much larger number of investments than expected have been registered in most regions. All regional reports indicate that the market projections will continue for 2015 and into the next decade.”

Costa Rican Economy

Ranked the number 1 tourist destination of all the countries in Latin America, Costa Rica tourism brings in more than $2 billion every year. This is a country the size of West Virginia. Furthermore, foreign direct investment per capita is one of the highest in Latin America. The fact that Costa Rica is not dependent on remittances-which only represents about 2% of GDP, dictates that this country has a very strong economy.

 

 

 

 

 

 

 

 

 

As a sign of its prosperity, no other Central American country has more than one international airport; little Costa Rica has two… with a third International Airport on the way.

It is important to note that according to U.S. government statistics, Costa Rica enjoys the region’s highest standard of living and a low unemployment rate.

Cost of Living

The long and short answer to the question, “How much does it cost to live in Costa Rica?” is: “As much as you want to spend.” It really helps that the ego is very rarely seen in this country. There are no social pressures to dress a certain way, drive a certain car, or spend money on material items for the sole purpose of prestige. This is a very practical culture, and the values are grounded in spirit much more than in materialistic possessions. My family and I travel by bicycle, which keeps us fit and at the same time has no negative connotation as to what we can and cannot afford. Nobody really cares; and everybody greets us warmly and graciously and with respect.

It is simply the Pura Vida approach to life which refers to the uniquely Costa Rican approach to everyday existence: a laid-back, easy-going, warm, friendly attitude that pervades everyday interactions. It is this attitude that will reduce your stress levels dramatically! Pura Vida = The Good Life.

The simple fact of the matter is that my family and I feel very cool to be seen around town on our bicycles. The fact that we live where the rain forest meets the ocean, and where there are more species of birds than in Canada and the USA combined, is paramount. You would be amazed to know who else bikes around town in shorts and a T-shirt.

Most expats live very comfortably on a budget of $2000 per month. Locals manage this on much, much less. If you can spend $4,000 per month; it is reputed that you would live like a rock star.

When it comes to the cost of groceries, a good rule of thumb is to budget about half of what you would normally spend at home. You eat much healthier in Costa Rica for a fraction of what you’d pay to do so at home. Locally grown, fresh produce is abundant and very inexpensive. You can buy bananas for just a dime each, mangos for only 35 cents and huge, fresh papayas for 1 dollar and 35 cents apiece.

Where could you spoil yourself with a salon haircut, manicure or pedicure for between $5-$10 each? Would you like a maid to clean your house, or perhaps a cook to prepare your meals? Try $14.00 per day for these services.

* Fresh Red Snapper-approximately $2.50 per pound
* A pound of beans-$0.90 per pound
* A pound of rice-$0.50 per pound
* Pineapples-$1 each
* A bottle of Imperial beer-$1.25
* A pack of local cigarettes-$2.20

One Final Note

You have an opportunity to invest in your lifestyle and health in combination with experiencing Costa Rica’s breath-taking natural beauty and an affordable cost of living in the “Pura Vida” lifestyle. So much unspoiled beauty isn’t accidental, by the way. The Costa Rican government is proud of the country’s natural assets and is committed to protecting and preserving both the environment and wildlife. This is demonstrated by the fact that over 25% of the land mass of the country is dedicated as National Park or federally protected area. We at Crocodile Bay Marina share that commitment in our new development plans.

In summation: people in this corner of the world are happier, healthier, and able to live a more enriching life surrounded by dramatic scenery and sunshine. It’s really not surprising that so many are eager to move here. Come and feel rejuvenated, and surround yourself with exotic plants and wildlife. Wake up to the most natural alarm clock on earth, the sound of the Howler Monkeys and Scarlet Macaws.

Why Visit When You Can Live Here?
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