Buying a condo in Costa Rica is an exciting opportunity for many U.S. citizens looking for a retirement home, vacation property, or income-generating investment. The process is straightforward compared to other countries in Latin America, but it does include specific steps that every foreign buyer should know.
This guide breaks down how to buy a condo in Costa Rica — from defining your needs to closing the deal — so you can make informed decisions and protect your investment.
Table of Contents
Can U.S. citizens buy condos in Costa Rica?
Legal rights for foreign buyers
Yes. Foreigners have the same property rights as Costa Rican citizens. Condos can be purchased under fee simple ownership, the strongest form of property ownership in Costa Rica. The only restrictions apply to properties in the maritime zone (the first 200 meters from the high-tide line), but most condos are outside of this zone.
Popular areas for foreign investment
Guanacaste is one of the top regions for U.S. buyers, especially Tamarindo, Playa Flamingo and Playas del Coco, These areas offer a combination of lifestyle amenities, expat communities, and strong rental demand.
Step 1 – Define your needs and budget
Purpose: Living, investing, or hybrid
Decide if your condo will be a primary residence, a vacation retreat, or primarily an income property. This choice will influence location, size, and amenities.
Setting a realistic price range
In 2025, most condos in Guanacaste start around $180,000–$200,000 and can exceed $1 million for luxury beachfront units. Consider closing costs, which usually add 3–4% of the property value.
Decide on location: Tamarindo, Flamingo, etc.
Each beach town has its appeal: Tamarindo is vibrant and walkable, Flamingo is upscale with the new marina, Playas del Coco is affordable and accessible, and focuses on eco-living and wellness.
Financing options
U.S. citizens can purchase a condo in Guanacaste not only with cash but also through financing options.
Lending companies such as Volo Loans and Second Street exclusively serve U.S. buyers, offering mortgage programs designed to simplify the process of investing in Costa Rica.
This gives Americans the opportunity to access financing similar to what they would find back home, making it easier to own a condo in one of Guanacaste’s most desirable locations.
Step 2 – Work with Tamarindo Real Estate
Why choose Tamarindo Real Estate
When buying a condo in Costa Rica, partnering with a team that understands both the local market and the needs of international buyers is essential.
Tamarindo Real Estate has years of experience guiding U.S. citizens through every step of the process — from identifying the right property to handling the legal and financial details of closing. Their expertise ensures that your purchase is smooth, transparent, and secure.
What you gain by working with Tamarindo Real Estate
- Access to exclusive condo listings in Tamarindo, Playa Flamingo, Playas del Coco, and other top Guanacaste areas.
- A bilingual team familiar with U.S. buyers’ expectations and concerns.
- Personalized guidance tailored to your investment or lifestyle goals.
- Professional support throughout negotiations, due diligence, and closing.
By choosing Tamarindo Real Estate, you’re not just hiring an agent — you’re gaining a trusted partner dedicated to protecting your investment and helping you find the perfect condo in Costa Rica.
Step 3 – Search and visit properties
Tips for evaluating condos
Pay attention to HOA rules, maintenance fees, building quality, and location within the community. Visit the property at different times of day to evaluate noise, accessibility, and atmosphere.
Checking HOA rules and community features
Condo ownership in Costa Rica typically includes shared amenities like pools, gyms, and common gardens. Review HOA bylaws carefully, as they determine what you can and cannot do with your unit (e.g., short-term rentals).
Step 4 – Make an offer and negotiate
Typical offer process in Costa Rica
Once you identify a condo, your agent prepares a formal offer letter. If accepted, the next step is drafting a purchase agreement. Offers are often made in U.S. dollars.
What to include in your offer
- Purchase price
- Payment terms and timeline
- Inclusions (furniture, appliances)
- Conditions for inspections and due diligence
Step 5 – Legal due diligence
Title check and municipal history
Your attorney must confirm that the condo’s title is clear of liens, mortgages, or disputes. They also verify that property taxes are up to date at the local municipality.
Verifying permits and property use
For condos in new developments, confirm that construction permits and zoning approvals are in order.
The role of your real estate attorney
Hiring a local, bilingual attorney ensures compliance with Costa Rican law and protects your interests throughout the process.
Step 6 – Sign the purchase agreement
What is a “Promesa de Compraventa”?
This is the binding purchase agreement that sets the terms of the sale, including price, payment schedule, deadlines, and penalties for breach.
Key clauses to include
- Delivery date of the condo
- Escrow arrangements
- Responsibility for closing costs
- Penalties for non-compliance
Step 7 – Closing the deal
Notarizing the public deed
All real estate transfers must be recorded by a notary public, who is also a licensed attorney in Costa Rica. The notary prepares and signs the public deed (escritura pública).
Paying taxes and fees
At closing, the buyer pays the 1.5% transfer tax, notary fees (about 1–2%), and registry/municipal fees (0.5–1%).
Property registration and final payment
The deed is then registered at the National Registry, and final payment is released from escrow to the seller.
Final checklist and advice
Review documents before signing
Check the final deed, HOA regulations, and tax clearance certificates.
Keep copies of everything
Keep certified copies of the deed, contracts, and proof of payment for your records.
Work with professionals at every stage
Engage a trusted real estate agent, attorney, and escrow company. Professional support ensures a smooth, legal, and secure transaction.
Conclusion
Buying a condo in Costa Rica as a U.S. citizen is a transparent process when you follow the right steps. From defining your budget to signing the public deed, each stage has clear legal requirements designed to protect buyers. By working with trusted professionals and conducting proper due diligence, you’ll enjoy a secure purchase and peace of mind.
Interested in moving forward? Contact Tamarindo Real Estate for expert guidance and access to the best condos for sale in Guanacaste.
