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  3. Ojochal Oasis: Private Home, Lush Gardens & Prime Commercial Development Opportunity
Ojochal Oasis: Private Home, Lush Gardens & Prime Commercial Development Opportunity — view 1, Ojochal, Ojochal, Costa Rica1 / 40

Ojochal Oasis: Private Home, Lush Gardens & Prime Commercial Development Opportunity

Ojochal · Puntarenas

Ojochal

1Bedrooms
1Bathrooms
3,089 m²Land size
Pool
$299,000

Description

On this page

  1. The Property
  2. Property Details
  3. Life in Ojochal, Puntarenas, Costa Rica
  4. Investment Potential
  5. Ownership & Legal
  6. More About Ojochal, Puntarenas, Costa Rica
  7. Frequently Asked Questions

The Property

Discover an exceptional opportunity in Ojochal, where tranquility meets significant potential. This charming property, built in 2000 and thoughtfully updated in 2022, offers a singular residence with one bedroom and one bathroom, set within a lush tropical sanctuary. The home, expanded in 2010 to include a refreshing pool, features new windows and an inviting entrance, creating a warm and welcoming atmosphere. Spanning 3089 square meters, the L-shaped estate boasts a main lot and an expansive garden area, meticulously cultivated with mature fruit trees like mango, grapefruit, and lime, alongside exotic botanicals, reminiscent of a private park. A tall bamboo hedge ensures absolute privacy for the secluded terrace, an ideal spot for quiet contemplation.

Strategically located on a corner lot where a paved road meets a serene side street, this property offers both discreet entry to the residence and excellent visibility for future endeavors. The entire estate is zoned for commercial use, presenting a unique advantage. Imagine expanding the existing home with plans for two additional bedrooms on a second story, or developing the separate lot with its own access from the main paved road. This additional space could accommodate a quaint strip mall, cozy cabins, or up to four standalone homes, maximizing its commercial appeal. Priced at USD 299,000, this versatile offering is a short walk from local eateries and grocery stores, and just a quick drive to the beach, blending a simple, fulfilling lifestyle with substantial investment potential.

Property Details

This distinctive Ojochal residence, originally built in 2000, underwent a thoughtful expansion in 2010 to include a pool, followed by a comprehensive renovation in 2022. The recent updates introduced new windows and an inviting entrance, enhancing the home's warm ambiance. The property features a single-bedroom, single-bathroom layout, with available plans for a second-story addition that would incorporate two more bedrooms.

The outdoor spaces are a highlight, centered around a private pool. The L-shaped property includes an extensive garden area, meticulously landscaped with mature fruit trees such as mango, grapefruit, mangosteen, lemon, lime, orange, and water apple. A tall, thick bamboo hedge encircles the garden, ensuring complete privacy for the quiet, secluded terrace. The entire 3089 m² estate is zoned for commercial use, offering significant potential for development.

Life in Ojochal, Puntarenas, Costa Rica

Nestled in the vibrant heart of Ojochal, Puntarenas, Costa Rica, this property offers an unparalleled blend of convenience and tropical tranquility. Ojochal is renowned for its unique microclimate, characterized by lush greenery and refreshing breezes, a welcome contrast to some of the drier regions of Costa Rica. This particular location places you directly in the town center, a significant advantage for those seeking to buy property in Costa Rica with immediate access to daily necessities. Imagine a lifestyle where local eateries and grocery stores are just a stroll away, enhancing the walkability score of this exceptional offering.

The allure of Ojochal extends beyond its immediate amenities. As part of the Costa Ballena region, this area is celebrated for its stunning Pacific coastline. Pristine beaches, perfect for swimming, surfing, or simply unwinding, are merely a short drive from your doorstep, and even within walking distance for the more adventurous. This blend of accessibility to both town and beach makes Ojochal Costa Rica real estate particularly attractive for a diverse range of buyers, from those seeking a peaceful retirement haven to remote workers desiring a vibrant community.

Investing in Ojochal, Puntarenas, Costa Rica, means embracing a community known for its international flair and friendly atmosphere. The region provides a perfect backdrop for a fulfilling lifestyle, whether your passion lies in exploring the natural wonders, engaging in water sports, or simply enjoying the slower pace of Pura Vida. While exact distances to larger amenities like hospitals or international airports (such as Juan Santamaría International Airport near San José, or Daniel Oduber Quirós International Airport in Liberia) are best determined by your specific travel needs, Ojochal offers a strategic position within Puntarenas province, ensuring reasonable access to essential services and regional hubs. This property’s central Ojochal location, combined with the area’s natural beauty and growing appeal, presents a compelling opportunity for anyone looking to invest in Costa Ballena property or establish a new life in paradise.

Explore more about this area on our regional guide page.

Investment Potential

This Ojochal property presents a compelling investment case for discerning buyers. With its commercial zoning and prime location, the potential for rental income is significant. Short-term rentals could capitalize on the property's walkability to local amenities and proximity to the beach, appealing to tourists seeking an authentic Costa Rican experience. Long-term rental potential exists for the main house, particularly if the planned expansion to three bedrooms is realized.

At USD 299,000 for 3089 m², the price per square meter offers a competitive entry point for a commercially zoned property in central Ojochal, especially considering the mature landscaping and existing pool. While regional averages vary, this pricing allows for significant value appreciation through strategic development, such as adding cabins or additional homes on the vacant lot.

The ideal buyer for this property is an individual or couple seeking a blend of personal sanctuary and entrepreneurial opportunity. It suits those who envision residing in a tranquil setting while developing the commercial potential of the additional land. Costa Rica's real estate market continues to attract North American buyers drawn to its stable economy, natural beauty, and growing luxury sector. The "why-now" timing is driven by Ojochal's increasing popularity as a desirable destination, ensuring sustained demand.

For an exit strategy, the property offers flexibility. A buyer could develop the commercial aspects, then sell the entire estate as a turnkey income-generating asset. Alternatively, the expanded residential property could be sold independently, appealing to those seeking a larger private residence in a prime location. While no returns can be guaranteed, the inherent value of a commercially zoned, strategically located property with development potential in a growing market provides a robust foundation for future appreciation.

Model rental income for this property with our rental income calculator.

Ownership & Legal

Foreign buyers enjoy the same ownership rights as Costa Rican citizens, with properties typically held under Fee Simple title, guaranteeing full and clear ownership. Closing costs for real estate transactions in Costa Rica are estimated to be between 2% and 4% of the purchase price, encompassing legal fees, transfer taxes, and registration costs. Annual property taxes are remarkably low, calculated at 0.25% of the property's registered value. For those seeking to establish residency, an investment exceeding $150,000 in real estate qualifies buyers for an investor visa, streamlining the path to living in this beautiful country. This property, priced at $299,000, comfortably meets the investment threshold for residency eligibility. Our team of trusted legal professionals can guide you through every step of the acquisition process, ensuring a smooth and secure transaction.

Review title types and due diligence in our fee simple vs concession guide.

More About Ojochal, Puntarenas, Costa Rica

Cozy Colonial Home with Lush Gardens and Prime Commercial Prospects

Embrace the opportunity to own a unique slice of paradise in central Ojochal, Costa Rica. This distinctive property features a one-bedroom, one-bathroom house with the potential for significant expansion, including plans for adding two more bedrooms on a second story. Ideal for those seeking a blend of privacy and commercial potential in a serene setting. Built in 2000, with a pool and house expansion in 2010, and thoughtfully renovated in 2022, including new windows and a welcoming entrance, the residence exudes a warm, inviting ambiance, perfect for those who appreciate the finer aspects of Costa Rican life. Situated on a corner lot where a paved road meets a serene side street, the L-shaped property spans an intimate yet spacious main lot, complemented by an extensive garden area forming the base of the L. This garden is nothing short of a tropical paradise, meticulously landscaped with mature fruit trees and exotic botanicals, including mango, grapefruit, mangosteen, lemon, lime, orange, and water apple, reminiscent of a manicured park. The residence, with its quiet and secluded terrace, is an oasis of peace, thanks to the tall, thick bamboo hedge encircling the mature garden, ensuring absolute privacy. Plans are available for an ambitious buyer to expand upwards, adding two more bedrooms to the existing structure, enhancing both the living space and the property's value. Notably, the entire estate is zoned for commercial use, presenting a golden opportunity for the discerning buyer. Envision residing in the main house while exploring the potential to erect a quaint strip mall, cozy cabins, or up to four standalone homes on the additional lot, which boasts its own access from the main paved road, ensuring visibility and convenience. The house itself enjoys a discreet entry off the quieter side road, ensuring both accessibility and seclusion. With its prime location in the bustling town center, the property is a stone's throw from local eateries and grocery stores, offering an enviable walkability score. The beach, a mere quick drive away, is also within walking distance, adding to the allure of this exceptional offering. Priced attractively with room for upgrades factored in, this property is poised for a swift sale, appealing to those in pursuit of a simple yet fulfilling lifestyle or those eyeing substantial resale potential. Seize the opportunity to make this versatile and enchanting property your own, where the promise of a serene retreat meets the thrill of commercial prospects in the heart of Costa Rica.

For those dreaming of a life where the rhythm of nature dictates the day, Ojochal offers an unparalleled lifestyle. Imagine waking to the symphony of tropical birds, enjoying your morning coffee amidst the vibrant hues of your private garden, and then strolling to a local café for a fresh pastry. This isn't just a property; it's an invitation to embrace a slower, more intentional way of living, where community connections are strong, and the beauty of the natural world is always at your doorstep. Buyers aspiring to escape the hustle and bustle of urban life will find Ojochal to be a sanctuary, a place where they can truly unwind and reconnect with what matters most. Whether you envision a peaceful retirement, a dynamic new business venture, or a combination of both, this location provides the canvas for your ideal future. The blend of serene privacy and convenient access to amenities means you can enjoy the best of both worlds, crafting a life that is both tranquil and engaging. This property caters to those who value sustainability, community, and the simple luxury of living in harmony with their surroundings, all while offering the potential for significant financial returns.

Q: What makes Ojochal a desirable location for this type of property? A: Ojochal is highly sought after for its unique blend of natural beauty, culinary scene, and community feel, often referred to as the "gastronomic capital" of Costa Rica. Its central location offers excellent walkability to amenities and quick access to pristine beaches, making it ideal for both residential enjoyment and commercial ventures. The commercial zoning of this property further enhances its appeal for development.

Q: What kind of rental income potential does this property offer? A: With its single-bedroom home and prime location, this property has immediate potential for short-term vacation rentals, especially given its pool and tropical gardens. Furthermore, the commercial zoning and available expansion plans for additional bedrooms or separate units significantly increase its long-term income-generating capacity, appealing to both residential and commercial renters.

Q: What are the legal considerations for the commercial zoning of this property? A: The property's commercial zoning in Ojochal opens up various development opportunities beyond residential use. Prospective buyers should consult with a local land use planner and legal counsel to understand specific regulations, permits, and requirements for any proposed commercial construction or business operation on the site, ensuring compliance with local ordinances.

Q: How close is this property to essential services and attractions? A: This property boasts an excellent walkability score, being just a stone's throw from local eateries and grocery stores in central Ojochal. The beach is also within comfortable walking distance or a very quick drive, offering convenient access to leisure activities. This prime location ensures easy access to daily necessities and recreational opportunities.

Frequently Asked Questions

Yes, foreigners can legally purchase property in Costa Rica. The process is straightforward and similar to buying real estate in North America, with strong legal protections for property owners. We recommend consulting with a local attorney specializing in real estate transactions to ensure a smooth acquisition.

Ojochal, Ojochal, Puntarenas

Property details

Price
$299,000
Property type
House
Region
Ojochal
Bedrooms
1
Bathrooms
1
Land size
3,089 m²
Reference
GCI-MLS#1488

Location

Ojochal, Puntarenas

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Principal broker

Daniel Berkley
Daniel Berkley

In Costa Rica since 2004

Contact us

Green Coast Investments

Costa Rica Real Estate

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Green Coast Investments

Costa Rica Real Estate

Call us[email protected]

Principal broker

Daniel Berkley
Daniel Berkley

In Costa Rica since 2004

Buyer guides

Buying Property in Costa Rica as a Foreigner

Complete legal guide for US and Canadian buyers — title types, closing costs, and due diligence.

Read the guide

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