Overall View

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Overall View Beaches, Properties
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The New York TimesBy JANELLE BROWN Published
February 3, 2006

• Three years ago, when the first direct flights
  from the United States landed, only 50,000 people
  a year arrived there. In 2005, 300,000 did.
• In the airport lines, Americans talk in urgent
  tones about the money to be made, about "Wild
  West" opportunities.
• Chris Mailloux, a ReMax agent whose family has
  been selling real estate in the area for 13
  years. said. Lots that were once 50,000 are now
  500,000," he said "There's not a lot left that
  hasn't quadrupled in value in the last three
  years.
• Or, as Brad Schmidt, a local builder and an
  American expatriate in Costa Rica for 10 years,
  put it, "It's like fishing behind a tuna boat
  during a feeding frenzy.

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The New York TimesBy JANELLE BROWN Published
February 3, 2006

• All up and down the coast, bulldozers are at
  work. Three major developments, including a
  project anchored by a Four Seasons hotel, are
  already selling luxury condominiums for 500,000
  and up, and hundreds of smaller, more speculative
  endeavors are also breaking ground. The airport
  in Liberia, the capital of Guanacaste, is at the
  center of the transformation. Three years ago,
  when the first direct flights from the United
  States landed, only 50,000 people a year arrived
  there. In 2005, 300,000 did.
• In the airport lines, Americans talk in urgent
  tones about the money to be made, about "Wild
  West" opportunities. Never mind that Guanacaste
  is still a region of cattle ranchers and rutted
  roads. The new homesteaders envision a beach,
  golf and spa destination equal to the Puerto
  Vallarta corridor in Mexico or Wailea Beach on
  Maui without, so far at least, the high-rise
  blight. The area's promoters have taken to
  calling it the new Gold Coast.
• In Guanacaste, the jungle runs straight from the
  volcanoes to the sea, where it overlooks a warm
  azure ocean from 200-foot bluffs. Armadillos,
  howler monkeys, small raccoon-like pizote,
  parrots and the occasional jaguar make their
  homes underneath the broad leaves of the mango
  and palm trees. The foliage grows up to 10 feet a
  year, though in the "gold season" a flattering
  term for the dry months of December through April
  most trees lose their leaves, leaving the
  landscape barren.
• The owners of Península Papagayo and two other
  high-end developments, Hacienda Pinilla and
  Reserva Conchal, even paid for that critical
  airport in Liberia, putting up 3 million of
  their own money in 2002 as a guarantee to
  persuade Delta to start Even this direct flights.
  Continental and American followed.

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4 Seasons Peninsula
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Allegro Papagayo Resorts
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Bay of Papagayo
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Paradise Found on Costa Ricas North Pacific
Coast By Chris Simmons Re/Max Ocean Surf
Tamarindo

• Several five star luxury beachfront golf
  developments and elite luxury beach communities
  were established along the North Pacific Coast
  during the last ten years, and these remain
  pillars of the area. However, a series of recent
  landmark events have further legitimized Costa
  Ricas North Pacific Coast as a luxury
  destination for developers and investors
• (1) Between 2002 and 2004, weekly international
  flights to the new Daniel Oduber International
  Airport in Liberia (situated only 20 minutes to
  one hour from coastal resorts) rose from two to
  forty-two, and passenger arrivals have far
  exceeded expectations. Approximately 310,000
  traveled through the Liberia airport in 2005, and
  the increase shows no signs of slowing down. The
  May 2006 figures demonstrate an incredible 34
  increase over May 2005.
• (2) In 2003 the Four Seasons chose the North
  Pacific Coast as the location for its dramatic
  five star resort. The success of this
  sophisticated hotelier put the definitive stamp
  of approval on Costa Rica as a destination for
  luxury investors.
• (3) At the end of 2005, the Marriott announced
  that it would be bringing its exclusive luxury
  brand, J.W. Marriott, to a beachfront location
  just south of Tamarindo. Construction will
  begin in 2006 on a breathtaking site that already
  boasts golf, tennis, equestrian facilities, and
  world-class surfing.
• 
  (contd)

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Paradise Found on Costa Ricas North Pacific
Coast By Chris Simmons Re/Max Ocean Surf
Tamarindo

• (4) In 2005 the government established a master
  plan for a new luxury marina development in the
  heart of the Costa Rican Riviera at Playa
  Flamingo. Construction is expected to commence in
  2006.
• 5) In May 2006, the Hyatt Hotels chain confirmed
  that it was building a 214-room resort, spa and
  18-hole Greg Norman designed golf course in
  Brasilito, twenty minutes to the north of
  Tamarindo. Construction will begin in July 06 and
  is scheduled for completion by the end of 2008.
• (6) In June 2006, plans for a 133-room St Regis
  Resort were released by the Genesis Group of San
  Jose.
• (7) In June 2006, Hallmark Properties of Florida
  revealed that its new 150 Acre Costa Carmel
  project to the North of Tamarindo will include
  the world-renowned Rosewood Hotel brand.

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Satellite View of Properties Near Beaches
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Proximity To Airport
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Liberian Airport
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Overall Master Plan
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Golf Course
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Poro Poro Proximity
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Proximity To Belen
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Poro Poro Estates Master Plan
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Satellite
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Future Hospital Complex
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Proximity To Beaches
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Coco Beach Sunset
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Coco Bay
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Downtown Coco
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Coco BIG Office Location
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Prados Costa Mar
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Costa Mar
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Shopping Center
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Prados del Rio and Veradas
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Prados del Rio Master Plan
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Gated Community Front Gate
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Begonia Townhomes
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Begonia Floor Plans
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Begonia Living Room
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Begonia Living Room/Kitchen Area
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Begonia Kitchen
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Begonia Dining Room Area
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Begonia Master Bedroom
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Begonia 2nd Bedroom
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Begonia 3rd Bedroom
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Pool Area
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Shopping Center
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Homes In The Area
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Comparables

• Ocotal, Villa la Colina
• Starting at 79,000! - Villa la Colina (Village
  on the Hill) is located in the town of Ocotal in
  the Guanacaste region. We are just 2 minutes from
  the beach and 20 minutes from the Liberia
  International Airport. Working closely with one
  of the most established developers in
  theGuanacaste region, our architects and
  engineers have created a community unique to this
  area. Nestled into the hillside of Ocotal, Villa
  la Colina offers a great opportunity, both
  financial and personal.

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Lets Do The Math!

• Current price on Villa la Colinas 2/2 condo is
• 130,000 divided by 860 sq ft 151.16 per sq ft
• Current pre-construction price on Prados del Rio
  3/2.5
• Town homes is 139,000 divided by 1170 sq ft
• 118.80 per sq ft
• Villa la Colinas Current Value 130,000 or
• 151.16 sq ft
• Prados del Rio price 139,000 or 118.80 sq ft
• Villa la Colina Current Value 151.16 sq ft
• x 1170 sq ft (Prados del Rio sq ft)
• Comparable Prados del Rio Value of 177,764

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Colina Comp Outline

• The attached purchase agreements are for units at
  Colina.
• You will see how much the units initially sold
  for at preconstruction through several sales to
  current asking price.
• . The first agreement shows that the unit
  initially sold for 76,000 in December of 2005.
• The second agreement shows a unit selling in
  September of 2006, just 9 months later, for
  95,000.
• The third agreement shows a unit selling in
  December of 2006, just 1 year later, for
  123,000.
• The listing at the end shows the current asking
  price of 130 to 135.

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Playa del Coco, Pacifico

• Pacifico is a 175-acre, master planned community
  consisting of a retail village 150
• single-family homes sites, 350 condominiums, town
  homes, and villas. Just a 20
• minute drive from the Liberia airport on the
  beachfront town of Playa del Coco. The
• residences at Pacifico combine Mediterranean
  architecture and coastal design
• elements.
• Quarterly Association Fee 751.17 without
  Reserves

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Large and Luxurious Community

• ID 70437 Price 255,000 2 weeks ago
  NOW - 300,504
• Walking distance from the serene Playa del Coco,
  this is a large community of 350 town homes and
  condos, and 150 single family home sites. With
  phase one nearly completed, you can still secure
  pre-construction pricing while having the
  assurance that the quality construction will
  soon be done. The builders have a private members
  only Beachclub, Spa and Health Club in the
  works. Tennis courts, children's splash pools,
  adult pools, and more are all a part of the
  seemingly endless list of amenities. The photos s
  how how close you are to the beach, just o n
  the main boulevard. down the center of town.
  Other popular beaches such as Playa Hermosa and
  Ocotal are only a 5 minute drive away. Only 25
  minutes from Liberia International Airport.

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Lets Do The Math!

• Current price on Pacifico 2/2 condo is 300,504
  divided by 1400 sq ft 214.64 per sq ft
• Current pre-construction price on Prados del Rio
  3/2.5 -139,000 divided by 1170 sq ft 118.80
  per sq ft
• Town homes is 139,000 divided by 1170 sq ft
  118.80 per sq ft
• Pacifico Current Value - 300,504 or 214.64
  sq ft
• Prados del Rio price 139,000 or 118.80 sq ft
• Pacifico Current Value 214.64 sq ft x 1170 sq ft
• (Prados del Rio sq ft)
• Comparable Prados del Rio Value of 251,128

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Tamarindo, La Meridiana Condos

• Tamarindo, La Meridiana Condos Price (US)
  250,000
• La Meridiana planned for construction in early
  2007 is an exclusive condominium development that
  features spacious 2 and 3-bedroom units amidst a
  serene environment dotted with palm trees,
  swimming pools and impeccable common areas. All
  less than 10 minutes from the country's most
  popular beaches and golf courses. Monthly
  Association Fee 120

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Lets Do The Math!

• Current price on La Meridiana Condos 3/3 condo is
• 250,000 divided by 1588 sq ft 157.43 per sq
  ft
• Current pre-construction price on Prados del Rio
  3/2.5
• Town homes is 139,000 divided by 1170 sq ft
• 118.80 per sq ft
• La Meridiana Current Value 250,000 or 151.16 sq
  ft
• Prados del Rio price 139,000 or 118.80 sq ft
• La Meridiana Current Value 157.43 sq ft x 1170
  sq ft
• (Prados del Rio sq ft)
• Comparable Prados del Rio Value of 184,193

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Payment Process

• 1,000 fully refundable reservation deposit holds
  your unit for 7 days subject to credit approval.
• Once approved, you pay 9,000. Thats all you pay
  until closing. In the meantime, your 10,000 is
  held in escrow with Stewart Title.
• Keep in mind construction on the first phase is
  already underway. No payments are required
  during construction.
• When construction is complete, you pay 9850 plus
  closing costs and take delivery.