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Luxury Ocean View Villa For Sale in Uvita, Puntarenas Costa Rica Oxygen Jungle Villa, Part Of A Luxurious Hotel Costa Rica Asking Price: $175,000 USD RARE INVESTMENT OPPORTUNITY -Private Investor in Oxygen Jungle Villas is selling 4 villas!!!
Recent price reduction from $ 194.000
Oxygen Jungle Villa–Costa Rica
Introduction:
Opportunity to own four (4) Oxygen Jungle Villas, located in Uvita, Costa Rica. The villas are part of the small and exclusive Balinese style boutique spa-hotel, featuring a gourmet restaurant, bar, infinity pool, sun deck, spa & yoga, private natural reserve and jungle trails.
You will own a newly built modern villa within a successful & operational resort, a hands free, hassle-free, fully managed, luxury boutique hotel.
Reviews:
Voted as the 9th top destination in the Caribbean by the U.S. Airways magazine
Voted 1st place in Uvita by Trip Advisor
Quality Location & Description:
Oxygen Jungle Villas is a small and exclusive Balinese style boutique hotel. Located in Uvita, in the middle of the Costa Ballena, Costa Rica’s South Pacific hotspot. They guarantee individual and personalized service and a maximum of 24 guests (adults only) at all times, staying in one of the 12 one-bedroom villas on the Oxygen estate. All this only minutes from some of the most pristine beaches in the world and centrally located between Costa Rica's most beautiful National Parks. The villas are inspired by traditional Indonesian architecture and include king size beds, a/c, private terrace, 10’ rain shower, individual flat screen TV with IPod docking station and mini bar. The hotel facilities and services include a gourmet restaurant, bar, infinity pool, sun deck, spa & yoga, private reserve and jungle trails.
Beautifully designed, ocean view, fully equipped, contemporary furnished and air-conditioned 77m2 villas (including wrap-around outdoor living area), amidst tropical rainforest surroundings. Here dawn is greeted by sounds of playful monkeys, toucans, parakeets and many more potential visitors. All this only minutes from some of the most pristine beaches in the world and centrally located between Costa Rica's most beautiful National Parks.
Highlights of Investment:
• 12-20% projected net ROI from rental income starting January 1st, 2010 based on occupancy rate
• Cash-flowing beginning with January 1st 2010
• Hassle-free; hands-free
• 30 days personal use per year
• Titled ownership through Costa Rican corporation (S.A.)
• Ocean and jungle view
• The 5th most environmentally conservative nation in the world.
• Stable Government
• Stable Currency
• Tax incentives- offshore tax haven
• Proximity to major US cities
• Healthy local economy
• No ownership restrictions
• First class health benefits
Supporting investing info for Oxygen Jungle Villas
Oxygen Jungle Villas –ROI structure
The annual generated from actual bookings forms a rental income pool. The developer/manager retains 35% and the owners of the 12 villas retain 65%. The remaining 65% is divided among the 12 villas owners according to the number of villas owned; i.e. A two-villa owner will receive 2/12 of the 65%.
Projected income –Forward looking statement
(Currently, the manager/developer is working on the most current status of the occupancy rate since the opening date February 2009 till now and a projected occupancy rate for the next year)
A 70% occupancy rate (255 nights booked per year) equals an annual ROI of $24,862 per villa at an average of $150 booking rate per night.
There will be an annual $1000 fee due to the developer/manager, which will cover all operating and maintenance costs.
Total projected annual ROI $23,862.
A 45% occupancy rate (164 nights booked per year) equals an annual ROI of $15,990 per villa at an average of $150 booking rate per night.
There will be an annual $1000 fee due to the developer/manager, which will cover all operating and maintenance costs.
Total projected annual ROI $14,990.
Current status of Project
The above-mentioned ROI structure will be actively cash flowing by January 1st 2010 when the 10 of the 12 villas are completed. The remaining two villas are projected to be completed by summer 2010 and added upon completion to the cash flow pool. However, the 10 villas will be cash flowing prior to that date. Currently, 8 villas are completed.
Catalysts for Growth
35% of all tourists that visit Costa Rica, journey to the town of Quepos to experience Manuel Antonio National Forrest, which is 30 minutes north of Oxygen Jungle Villas in Uvita. The road from Quepos to Uvita is currently being paved and will be completed by January 2010. This will result in an increase in tourists visiting Uvita and therefore a corresponding increase in occupancy rate.
15 kilometers away from Uvita, you will find the surfing capital of Costa Rica-Dominical.
Airport location and Getting there
Getting to your Oxygen Jungle Villa is effortless. You can get a local flight from San Jose International Airport (capital of Costa Rica) to Palmar Sur via either Sansa (from San Jose International airport) or via Nature Air (from San Jose municipal airport). These flights arrive at Palmar Sur in the morning and from Palmar Sur airport you can have a rental car ready for your arrival (always get a 4X4 vehicle in Costa Rica). A thirty-minute scenic road along the coastal paved road will take you to Uvita. From there, it's an easy 5 minutes ride on our well-maintained gravel road that will take you to our mountain estate.
Investment Details:
• Stable Government:
Costa Rica is a democratic republic with three branches of government and has enjoyed one of the most democratic governments in Latin America. As of 1948, Costa Rica abolished its army and since 1949 has enjoyed its peaceful democratic existence, often being referred to as the “Switzerland of Central America”. The government is one for the people and one that very much sees the value of tourism. Over the past few years the government has offered incentives to foreigners to come and retire in Costa Rica. Stable government ensures that the money you put into your property is safe. Political turmoil will never be a reason for illiquidity in your Costa Rican investment and also provides reason why Costa Rica is a great place to buy. There are many other locations around the world that investors think of to go and buy, but stability is very important and should play a huge factor in anyone’s investment decisions.
• Stable Currency:
Investors want to know if their money is safe in Costa Rica. Stability of the government has helped to maintain a solid and stable currency. ?The Costa Rican Colon, also denoted as CRC is the official currency of Costa Rica. (Currently $1 USD = 516.245 CRC). Colones come in notes of 1,000 up to 10,000. ?US Dollars are also accepted as legal tender in Costa Rica. Both are widely accepted and exchanged throughout the country with approximately 90% of the places of business in the country accepting the US Dollar.
• Tax Incentives:
This seems to be the one everyone loves! As mentioned earlier the Costa Rican government has created one of the most attractive investment environments in Latin America. Capital Gains Tax= 0% in Costa Rica. The capital gains taxes are exempt for a business if the money is derived from an activity that is not the normal course of business for the company (This exemption is established through the use of SA, or Sociedad Anonima). Property Taxes in Costa Rica = .25%. This rate is significantly lower than most places in the world. As a result people are buying in Costa Rica, which increases demand and ultimately increases value. There are not many places where you can buy a piece of property that has incredible appreciation potential with such low holding costs.
• Corporate Tax:
The Sociedad Anonima (S.A.) These forms of corporate structures allow owners of property to keep their names away from the corporations they own (literally translates as “anonymous society”). Ninety percent of all property in Costa Rica is purchased through these S.A.’s. When a property owner purchases property through these S.A.’s they use a shareholder’s loan to fund the purchase. Rental income generated is taken out of the corporation as dividend income and deducted against the initial investment and thus no taxes are paid. ??Income Tax: Only income generated in Costa Rica is subject to income tax ?Costa Rica offers large amounts of income to be deductible and free from any tax
- *all tax information should be verified by independent tax professional.
• Proximity to Major U.S. Cities:
When investigating vacation destinations and environments for second homes or investment property, it is important to factor travel times to the destination. Costa Rica’s proximity to major US Cities gives even more reason why investors are buying property in Costa Rica. Great tourist destinations need to be close and easily accessible. Major US Carriers offer direct flights to and from Costa Rica from the following international airports (3-5 hour flight times) -Miami -Houston -Atlanta -Dallas -Chicago -New York -Los Angeles -Toronto.
• Healthy Local Economy:
For baby boomers and entrepreneurs, spiraling costs of living abroad, oppressive taxes and government regulation in the US have placed Costa Rica high atop the list of places to retire without sacrificing standard of living. This is what savvy investors are looking for!
• No Ownership Restrictions:
Foreign Ownership is promoted in the country of Costa Rica. In many foreign countries fee simple title is only available to locals and without titled ownership your investments can be at great risk. All foreigners enjoy the same rights as Costa Ricans when it comes to real estate ownership. Titled, fee simple properties are all registered in the National Registry of Costa Rica properly protecting your ownership rights.
• Excellent Lending market:
Prior to 2006, there was no market for lending in Costa Rica and investors bought and sold property on a cash basis. With the recent surge by worldwide and US lenders as well as the strengthening of the Costa Rican market, financing at reasonable rates is now an available option. This addition to the real estate industry has made it possible for many more investors to buy or leverage property in Costa Rica and will only increase the demand over time.
 | | About This Property | |
| Category: | | Villas | | Address: | | Uvita
Puntarenas
Costa Rica | | For Sale By: | | Agent | | Construction Year: | | 2008 | | Area: | | 77 m2 | | | Bedrooms: | | 1 | | Bathrooms: | | 1 | | Sleeps: | | 2 | | Stories: | | 1 | | Parking Spaces: | | n/a | |
| | Features - Amenities | |
| - Furnished
- Appliances
- Pool
| | | | - Ocean View
- Mountain View
- The Villas Are Inspired By Traditional Indonesian Architecture And Include King Size Beds, A/c, Private Terrace, 10’ Rain Shower, Individual Flat Screen Tv With Ipod Docking Station And Mini Bar. The Hotel Facilities And Services Include A Gourmet Restaurant, Bar, Infinity Pool, Sun Deck, Spa & Yoga, Private Reserve And Jungle Trails.
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