Genesis Puntarenas, Puntarenas     From USD 473,000

Costa Rica luxury homes

Spectacular ultra modern homes and the world's largest penthouse on one of three private beaches in all of Costa Rica

Genesis Puntarenas will set a new standard for Costa Rica real estate. With ultra modern homes, world-class facilities and breathtaking panoramic views of the Pacific coast, this 14-story ocean front real estate development is distinguished by its all-glass facades allowing residents to experience Costa Rica's lush landscapes from their living rooms.

The ocean front property will have only 47 modern architecture homes with 40 condos, 6 penthouses, and 1 master penthouse - the world’s biggest penthouse.

Each luxury home features exclusive marble flooring, quartz countertops and Scavolini kitchens. Residents will also have access to five-star amenities including a two-story fitness center, infinity pool, Spa services and an on-site restaurant/lounge.

In addition, Genesis Puntarenas is unique among ocean front Costa Rica real estate as it is home to one of only three entitled private beaches in all of Costa Rica, giving investors a rare chance to own a part of the Costa Rican shore line.

Due to an impressive economical performance, investing in Costa Rica real estate is currently enjoying a boom. Best known for its eco-tourism, Costa Rica is on its way to becoming an established A-List sanctuary with private luxury properties rivaling those of Miami, Maui and Cabo San Lucas.

This modern ocean front luxury real estate development offers 100% property ownership free of liens or loans, guaranteed by Chicago Title with a title search guarantee.

Beach-front luxury homes

Located among the best beaches on the Pacific coast and within close proximity of Costa Rica's tropical rain forests and national parks, Puntarenas is a place both to unwind and to seek adventure. Puntarenas' main street is home to many of Costa Rica's finest seafood restaurants, open-air cafes, and historic architecture.

The Juan Santamaría International Airport, situated a few miles from the capital city, San Jose, is served by several international airlines that offer direct flights from the United States, Europe and South America. In addition, San Jose is connected to Puntarenas by a new six-lane scenic highway that has decreased travel times between the two cities to less than 30 minutes.

Investing in Costa Rica real estate

For years, Costa Rica has been regarded as one of Central America's hidden gems. In March 2009, The Economist issued a detailed forecast outlining the economic crisis and its possible effects on political stability. Individual countries were ranked for vulnerability of political instability and Costa Rica is rated as one of the world’s most stable countries; only six countries ranked higher out of 165.

The country also boasts one of the highest standards of living in Latin America. Costa Ricans experience the longest life expectancy rates in the world as well as a 97 percent literacy rate. Wellness is a top priority and healthcare is inexpensive with most doctors being American-educated.

A report from the World Bank in June 2009 detailed how foreign investors have begun to increase activities in Costa Rica. These factors include:

• Significant transportation infrastructure upgrades that make traveling to and from Costa Rica and Puntarenas easy and convenient;
• Billions of dollars in additional international investment in Greater Puntarenas by companies such as Hilton and Hyatt;
• The recent addition to Puntarenas of such amenities as a championship-quality 18-hole Greg Norman-designed golf course, a quaint beachfront boardwalk and a renovated inland Marina;
• Unparalleled biodiversity (pristine beaches, picturesque mountain ranges, lush rain forests, etc.) at a time when "eco-travel" is surging in popularity;
• Surroundings safe from crime and political unrest at a time when other travel destinations are decreasing in popularity because of such concerns.
• A national economy that has largely weathered the 2008-09 recession because of a strong GDP, good fiscal policy and an increase in retail sales.
• Attractive tax advantages. 0 capital gains and 0.25 percent property tax.
• Individuals and private companies both local and foreign can own land and property in Costa Rica. Few restrictions apply.

Ultra Modern Homes with Uncompromised Space

The contemporary all glass design is the first of its kind among Costa Rica oceanfront real estate. The architect’s intention is to create eco-friendly environments that allow residents to live in harmony with Costa Rica's modern style and tropical setting.

Factors that make this luxury real estate development unique include:

• Floor-to-ceiling glass windows and walls
• Expansive private terraces with unobstructed views incorporating the magnificent oceanfront and mountainside landscape into each living space
• Retracting walls provide open-air living
• Top-of-the line building materials, treatments and finishes such as motorized UV-protective blinds, marble flooring, gourmet stainless-steel kitchens, Scavolini cabinetry, quartz countertops, and energy-efficient and environmentally conscious building systems;
• 11.5- 23 foot ceilings in condominiums and 13- 26 foot ceilings in penthouses.
• Secure elevators opens into your private residence.
• Smart building technology (energy efficiency, Wi-fi)

Furniture packages will be available.

There will be 10% increase in sales price per 10 units sold.

Luxury Amenities and Services

There is an impressive range of luxury amenities and services available for property owners.

• Beach cabanas
• 10,434 sq ft bi-level glass-partitioned fitness center with direct ocean view
• Infinity pool
• Pool Bar
• Maintained private beach area
• Restaurant / Lounge
• Room Service
• Spa
• Cigar Parlor
• Private/exclusive wine cellar for residence only
• Youth Lounge
• 20,000 sq.ft two-story lobby
• Business/Conference Center
• Meeting Space
• Storage
• Daily housekeeping
• 24/7 Manned Security
• Concierge

Genesis Puntarenas will also offer a rental program.

Own Now!

100% property ownership free of liens or loans, guaranteed by Chicago Title with a title search guarantee. Chicago Title / Latin American division maintains all finances in Escrow and disperses based on review assuring project integrity, construction and completion.

Payment schedule: US$25,000 - refundable within 5 days - is required to reserve a residence. This is followed by a 25% down payment due after the 5 days. Stage payments are then required throughout the construction period

Owners are permitted to sell their property after the 3rd installment is paid.

Financing will be available through Chicago Title Underwritters.