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Originally Posted by bauhaus
Lots of potential still down south...moving to Costa Rica for the new year... sitting on 10acres over 3 plots now.... all oceanfront or 300-500m away at worse.
Plan is to build high end boutique villas.... Lenny Kravitz just rented my house for new years *shhh to share with Kate Moss* and enjoy the landscape while still working and playing the real estate market there a little bit. Costa Rica for one *depending on the area* is BOOMING, Sting, Olsen Twins, Harrison Ford are within 1km of my house now, Land is sold 10times over in the past 2 yrs that I have known about this particular place.
Was the first place I found to build my house... $160k USD but I needed the full funds in 24hrs...just didn't have it RIGHT THERE with me... so I skipped on it said fuck it... I can buy it later. Its sold in January of this year *approx 8 months after I almost bought it* for 2.2million USD So there are gems of locations all over the world.... I am sure Costa Rica is already fully into the upward swing. My house sits on a $90k plot that I bought in January of this year, my partner bought the neighbor for $155k in February, and I just had an offer of $680k USD for my house *land $90k + house $110k* that would be $480k USD profit in 6 months basically..... $200k liquid down on the spot.
Everywhere is booming..but it just can't last.. I mean sure some people are making more money but its not an even spread across the classes. I am sure the offshore high end market will stick around another few years until its hits it roof as well. But it will all have to level out in the end I just decided to play my cards in the jungle where harrison ford suddenly becomes your neighbor then in the hustle bustle city where a bachelor condo is $250k for 355sqft |
Hehe .. that is *almost* kinda typical bauhaus - love the sound of that buy at $160K and outgoing at $2.2
Is you pic of that property? Good ocean view! Hilltops/views sell for very good money and generally over $100/sq meter ($1mill min/hectare).
Beachfront a lot more - and almost impossible to estimate the value of that as it's constantly increasing. One lot was offered at $9mill a few years back - had the usual Costa Rica features and 1.5 miles of beach in total. We were sitting quibbling over it - when in fact, the beachfront alone if plotted was showing a sale value of about $1 - $1.5mill for a two acre plot. There are a lot of 2 acre plots on 1.5 miles of beachfront!