Modern Escazú Village 1 BR Condo with Expansive Private Terrace

This Escazú Village condominium is offered with Fee Simple title, providing direct, unencumbered ownership rights to foreign buyers, identical to those held by Costa Rican citizens. Annual property taxes are assessed based on the property's registered cadastral value. Buyers should anticipate closing costs, which typically range from 2% to 4% of the purchase price, encompassing notary fees, registration, legal expenses, and transfer stamps. Additionally, a property transfer stamp tax, usually around 1.5% of the declared transaction value, applies. With a purchase price of $275,000, this property may qualify buyers for various residency-by-investment programs, offering a pathway to Costa Rican residency. We recommend consulting with a local legal expert to understand the specific requirements and benefits.

This modern condominium, priced at USD 275,000, offers 1 bedroom and 1.5 baths within a total construction area of 160 m². Situated on a 72 m² land parcel, the residence is located on the fourth floor of Escazú Village in Escazú. The design emphasizes an open floor plan, seamlessly integrating the kitchen, dining, and living areas. Floor-to-ceiling glass panels maximize natural light throughout these spaces.

A significant feature is the oversized private balcony, extending the living area outdoors. This terrace is enhanced with lush planters, providing both privacy and a verdant setting for relaxation or entertaining. The primary bedroom is designed for comfort and functionality, complemented by an additional half-bath for guests. Contemporary finishes and clean architectural lines define the interior aesthetic.

As part of a gated community, residents benefit from a range of amenities including a swimming pool, fitness facilities, and rooftop social terraces. Landscaped common areas, secure parking, and elevator access contribute to convenience. Professional management ensures a well-maintained environment. The property offers views of the surrounding area, enhancing the urban living experience.

This modern residence is situated in Escazú, San José, Costa Rica, a highly sought-after district within the Central Valley. Escazú offers a unique blend of cosmopolitan sophistication and natural beauty, making it an ideal location for those looking to buy property in Costa Rica. The area is renowned for its upscale dining and shopping, providing a vibrant urban experience while maintaining convenient access to the natural landscapes of the Central Valley. This specific micro-location, the Trejos Montealegre district, offers unparalleled walkability. Residents can step outside and immediately access a diverse array of restaurants, cafes, and essential services within the same community. Dining options range from international cuisine at Olive Garden and Nacion Sushi to local favorites. Daily conveniences are met with supermarkets, boutique retail, wellness services, and offices, fostering a true live-work-play environment.

The strategic placement of this Escazu home ensures effortless connectivity. Major medical facilities like CIMA Hospital are just five minutes away, as is the expansive Multiplaza Escazú for premium shopping. Corporate centers and direct access to Route 27, leading to other parts of Costa Rica, are also within minutes. Downtown San José is easily accessible, offering further urban amenities. For fitness enthusiasts, a Smart-Fit North American-style gym is conveniently located across the street. This location caters to a diverse range of lifestyles, from executives seeking a convenient pied-à-terre to individuals looking to retire in Costa Rica or remote workers desiring a dynamic yet secure environment. Investing in Central Valley Costa Rica real estate, particularly in Escazú, offers not only a luxurious lifestyle but also a sound investment. When considering to buy property Costa Rica, it's important to note that annual property tax is based on the registered cadastral value. Additionally, buyers should factor in closing costs, which typically include a property transfer stamp tax of approximately 1.5% of the declared transaction value, and a closing bundle covering notary, registry, legal, and other stamps, often ranging from 2% to 4% of the purchase price. Foreign buyers are permitted fee simple ownership, ensuring a straightforward acquisition process for this exceptional Escazú property.

This Escazú Village residence presents a compelling investment proposition for discerning buyers. With a price reduction to $275,000, the property offers an attractive entry point into a highly desirable mixed-use community. The 160 m² of construction for a 1-bedroom, 1.5-bath unit, including an oversized private balcony, suggests a competitive price per square meter within this premium urban setting. While specific regional averages vary, this offering is positioned within a sought-after district known for its modern amenities and connectivity.

For short-term rentals, the condominium’s location within Escazú Village, offering walkable access to diverse dining options like Olive Garden, Nacion Sushi, and Taste of India506, alongside supermarkets and services, makes it highly appealing to visitors seeking convenience and a vibrant urban experience. The proximity to major hospitals, corporate centers, and downtown San José further enhances its attractiveness for executive or medical tourism stays. Long-term rental potential is also strong, catering to expatriates or professionals valuing a lock-and-leave lifestyle with premium amenities such as a swimming pool, fitness facilities, and secure parking.

The ideal buyer for this property is likely a US or Canadian national seeking a full-time residence, an executive pied-à-terre, or a strategic investment in a stable market. Costa Rica continues to attract foreign investment due to its political stability and growing economy. The current market timing, with a price reduction on this specific unit, offers an opportune moment for acquisition. For exit strategy, the consistent demand for high-quality, well-located properties in Escazú ensures a liquid market. Annual property tax is based on the registered cadastral value, and closing costs, including transfer stamp tax and notary fees, typically range from 2–4% of the purchase price. Foreign buyers benefit from fee simple ownership, simplifying the acquisition process.