Estimation of Costs to Purchase this Land and construct a House and Guest house

You will want to make a visit to Costa Rica to see this splendid property. I will either arrange to show you the property myself, or make arrangements for you to see it with a person local to the area.

If you want big ocean views, closer proximity to the beach,or another area, please ask me for a referral to a broker who specializes in this.

Also please note that this summation does not include title insurance, a discretionary closing cost. Title insurance IS typically required for a purchase with money from a self-directed IRA. Other future costs to be considered include annual property taxes, fencing, protection and maintenance of the property.

This is a place to have your own small farm where you can keep your horse, grow precious tropical hardwood and fruit trees, keep your own organic garden, see the ocean in the distance, and take a jaunt down to the beach or Dominical for the day.

You will also have the knowledge that that there is a Tico owner on site who has a vested interest in making sure his neighborhood is well tended. You will have access to local reforestation experts, and local reputable construction firms.

This farm is a 45 minute commute to the beach, and 30 minutes of it is on dirt/rock road. Although the public road is a good one, it is always safest to get to have a 4wd vehicle for access to any properties that are not directly off the paved road.

Because there is no MLS in Costa Rica, it is tough to determine what is the market value of land. I am aware of one book that provides average costs of land and properties in Costa Rica, including the Dominical area. Scott Oliver's book,"How to Buy Costa Rica Property without Losing Your Camisa", states on page 33 (PDF version) :

"As the size goes down the price tends to go up. A plot of land from 1,000 m2 (10,769 ft2) up to 20,000 m2 (215,200 ft2) with a great view, near the ocean (within a half hour or so), good access roads, with electricity and telephone service nearby will start at US$10 m2 ($.9 ft2) and may go up to US$15-20 ($1.40-1.86 ft2)."

There are 43,560 square feet in an acre, so this farm would work out to be 217,800 square feet, or around $0.50 per square foot with closing costs. You will also may enjoy shared use of the 10 acres of common land and walking access to the other parts of the farm.

I encourage you to check out this and other property offerings to make sure this particular one offered here is the perfect one for you.