REAL ESTATE

                                                                                                                                               The following units at Sunrise Condominiums and Monte Perla Condominiums that are for sale, are vacation rentals that are each managed by CC Vacation Services. Each of these units are owned by their original buyers, since first being built in 2002 & 2003. They are centrally located in Tamarindo, with the Sunrise Condos being located next to the Diria Resort and Monte Perla is located just up   the hill, overlooking town and the local region.  

The Diria Golf Resort & Spa is offering their newly constructed Cenizaro Condominiums (completed   in 2009). Hurry to check out these awesome units, which are centrally located, right on the main beach of Tamarindo.  Pre-sales of these units have sold very quickly, and now that construction has been completed there are only a handful of these fabulous units remaining.

If you would like to pay a visit to Tamarindo, please call or send us an email, and we would be happy to coordinate a time when you can visit. You can even stay in these actual listed condominiums, to see first hand, before deciding if they may be an investment that you may really be interested in pursuing.  This is a great way to test the international investment waters, before actually just diving into a foreign real estate transaction. The more information and first hand experience you can gain, the safer you will feel about what this beautiful region really has to offer interested investors. Our website will also help guide and offer the pre-departure information, which is so very necessary. 

Let a CC Vacations Services representative, who lives and works in the region,   show you the many exciting opportunities that do exist in this tropical paradise!                                      

Monte Perla Condominiums

 - 2 BDR/ 2 BATH (OVER 1250 SQ. FT.)

 - FULLY FURNISHED & TURN KEY

 - AWESOME OCEAN VIEWS, OVERLOOKING ALL TAMARINDO

 - A SHORT 5 MINUTE WALK TO THE TAMARINDO BEACH                                                                                                   ASKING PRICE: $219,000

 

Sunrise Condominiums

 - 2 BDR/ 2 BATH (OVER 1300 SQ. FT.)

 - FULLY FURNISHED & TURN KEY

 - IN CENTRAL TAMARINDO, ACROSS FROM MAIN BEACH

     *owner financing available with 20% down

    ASKING PRICE: $249,000

 

Tamarindo Diria Resort- Cenizaro Condos

 - 2 BDR/ 2.5 BATH,  3 BDR/ 3.5 BATH & 4 BDR/ 4.5 BATH

 - IN CENTRAL TAMARINDO, ACROSS FROM MAIN BEACH

 - FULL USE OF DIRIA RESORT FACILITIES

 - FEATURING THE AREA'S LARGEST SWIM UP BAR

      STARTING AT:  $400,000

 

              FRACTIONAL OWNERSHIP                     

A new trend is being introduced in Tamarindo, solely by CC Vacation Services, and specifically in  real estate.  Fractional Ownership offers buyers a chance to step into a luxury condo at a fraction of the price, through a system called fractional ownership.  In it, multiple buyers become owners of the same piece of property, such as an ocean view condominium.
 
All buyers are owners with deeds to the property, inscribed in Costa Rica’s National Registry, and they take turns at the property throughout the year.  It is not, however, a timeshare, a point heavily emphasized by the handful of developers beginning to push this model in Costa Rica.

Fractional ownership is among one of the fastest growing segments in international  real estate, it has become an increasingly popular alternative, that allows flexibility   for purchasing a higher priced second residence in a foreign land. Fractional   ownership provides buyers with the ability to purchase only as much of a residence  as they will actually use, thus only having to pay a fraction of the total cost. A great way to upgrade, because all costs are shared, essentially saving savvy investors  money. Upgrading also allows families to purchase a larger and more expensive vacation home, that otherwise may have financially been out of reach.   

Well established in the Europe and the United States, fractional property sales are just beginning to arrive in Costa Rica. Developers promoting these properties note that they give potential buyers the opportunity to own a  piece of a property that might otherwise be beyond their normal budget. The good thing about it is that if you want to purchase a 5000-square-foot, $2 million condo, you get that high end luxury for an affordable price, because it is a shared venture.

 
 CC Vacation Services fractional ownership program has been designed to provide  many advantageous benefits and complimentary services, such as providing    generous and flexible use of all the Diria Resorts facilities, when purchasing one    of their condominiums, which are located within their Golf & Spa Resort.      

CC Vacation Services' fractional ownership opportunities will help remove some of the worries that   are typically associated with purchasing a second residence (vacation home). Our program helps reduce the overall financial burden to enter this red hot Latin American market, ultimately providing more potential people the opportunity to enter the fantastic real estate market of Tamarindo.

Through fractional shared ownership of a residence, owners alternate time at the property, typically   in two week intervals every two months. This alternates every year, so that way everyone can enjoy   a year with the Holidays: Thanksgiving, Christmas & New Years and then Easter. All owners also have the opportunity to exchange their weeks with one another, and at absolutely no additional cost.
 

The typical three bedroom, 3.5 bath, 2200 square-foot condominium would be  divided into quarter shares, and this allows buyers to buy all four fractions of the  entire vacation property, and at an additional 3% discounted savings.    

Owners get three calendar months per year, of their choosing, and can stay in other condos in the case of a conflict with other owners of the same property. Owners would then be able to trade time   at their condo for any other property in the collection.
 
The other key component is that it’s designed to be vacation home, ownership without the hassles. When you buy it, it comes fully equipped. We designed this fractional program so it’s exactly like owning your very own individual property. You can buy, sell or will it to your heirs. The novelty is that you are an owner, but only for three months annually, so you don’t have as many expenses, like the condo fees and annual property taxes will be significantly less, because all costs are equally shared.

    CC Vacation Services believes fractionals are more adjusted to the current     market. This allows more people, who can now access them financially, and pay a  larger price, and have all costs and maintenance shared.    
 

HOW OWNERSHIP IS EVIDENCED
Your ownership interest is in shares, where each grants interest in the real estate, and as defined in the individual corporation documents, it is perpetual in nature, for you and your family for life. Call and/or visit our office to receive our full brochure for all pricing and availability. We are also happy to assist you with a tour of any of these units on your visit. Pictured below are samples, of a few of the properties that we can help with, in the Tamarindo area. Typically fractional ownership is divided into 3 or 4 owners per unit.  But other options may be available, so please inquire with any questions that you may have, and we will gladly help.

                         CENIZARO CONDOS                HORIZANTES DEL MAR            

                                            

                                           

                                          

                          STARTING @ $175,000                       STARTING @ $115,000   

 

           The Developers Dream Parcel:        

SUMMARY: 
Tamarindo Vistas is a project consisting of three parcels of land that are perfect for developer's to purchase, subdivide and sell in a quick and hassle-free manner. Tamarindo Vista's has done all the hard work already, such as cutting the internal access roads, plotting out potential development plans, obtaining the necessary water and completing the legal due-diligence necessary to confirm clean title on all the land.

       

CREATING A CORPORATION TO INVEST:
To purchase real estate for investment purposes, many individuals decide to form a corporation. This is usually the best decision, and we highly recommend it as the first choice to be used. The Code of Commerce in Costa Rica distinguishes four types of corporations, which are as follows:
1.  Sociedad en Nombre Colectivo
2.  Sociedad Comanditaria
3.  Sociedad de Responsabilidad Limitada
4.  Sociedad Anonima

“Sociedad Anonima” also known as S.A., is the most widely used corporate structure in Costa Rica. It is pretty flexible, the best for commercial agility, and the most versatile type of corporation in the legislation of Costa Rica. The S.A. has many features, of which the most important ones are:   1. The capital is divided in shares and the shareholders will only be responsible to pay their portion. 2. The company will be managed by a Board of  Members that need to have at least three members as President,  Secretary and Treasurer. These positions  are legally mandatory and must be occupied by three different individuals. It will also have a “Fiscal” (person in charge to watch the
company). The judicial or extrajudicial representation of the company can be done by the President or any member of the Board appointed by the shareholders, it can have as many empowered individuals as they want, and they can be revoked whenever necessary.

Representatives can have different types of powers:
A.) General Power of Attorney without a sum limitation: The empowered person can perform any act in the name of the corporation, and it can manage the assets at any time, by buying or selling them. It is limited to management facts, as the signing of contracts, it cannot compromise the assets of the company, they can’t buy or sell shares. Any kind of power can be conditioned to be performed together by two or more people, individually, or by limiting to a certain amount of money. The name of the corporate can be in Spanish or any other language and will include the words “ Sociedad Anonima” at the end. Currently you can not name the company, but for the registration, its name will be whatever the corporate identification number that the Public Registry gives. For the constitution of a corporation, you will need at least two individuals, and each of them will need to have at least one share. The Notary Publics are the only ones that can constitute a “Sociedad Anonima”.  As already mentioned, the corporation is represented by shares, that are the titles through which it is credited and it is transferred to the partners. The shares are common and nominative and the corporate will have the ability to authorize and make one or more types of shares. It is important to clarify that in Costa Rica the shares are indivisible, when there are one or more owners of one share, a common representative has to be appointed.

The shares need to have the following information:
A.) Name, term and domicile of the company.
B.) Date of the constitution deed, name of the notary who authorized it and the registration info.
C.) Name of the shareholder when the shares are nominative.
D.) The amount of the authorized and paid capital and the total amount and the value of the shares.
E.) The series, number and kind of shares, with the total amount of shares that it covers.
F.) The signatures of the board of members established in the formation deed. The shares can be endorsed to a third party, without the approval of the other shareholders.

Corporations can be merged, dissolved or extinguished. The registration of a corporation in Costa Rica must be signed before the Notary Public until its registration (when it is activated) takes at least two weeks. Once it is registered, the Notary Public has to give the owners the constitution deed, the corporate identification card and the shares, and also provide the legal and accountant books.

The legal books are:
1.) Shareholder Registry: It contains the shareholder condition, the distribution of the social capital and the property of the shares.
2.) Shareholders General Meetings: Contains the shareholders agreements and decisions about the corporation as a whole
3.) Board of Members: exclusive for their agreements, they do not need to be shareholders.

It is very important to clarify that it is necessary to be in Costa Rica to form a corporation; someone outside of the country can accept a position in the Board by sending a letter to the Notary Public or  to the Board of Members, but in case this person would like to become a shareholder, he would only need to get the endorsed shares.

In Costa Rica it is also possible to own a corporation without showing in the public registry. The person or group of people can purchase a company or create one with different members and after   its registration they would only need to endorse the shares. The shareholder book is private, so no one outside the company has to know whom the shares belong to.


          Please call or email for any additional photos and information