estancia buyers guide

1 | P a g

www.estanciacostarica.com

Eco Friendly Community

Buyer’s Guide

2010

For additional Information or to submit offers please contact

Michelle Ribadeneira

[email protected]


mailto:[email protected]

http://www.estanciacostarica.com/

2 | P a g


The Property

Located within Ailanto Wellness Resort & Spa, you can find Estancia, an Eco-Friendly

community. Geographically in the Guanacaste province of Costa Rica, forty five minutes by car

from the Liberia International Airport, and right in the midst of all the major tourist attractions,

beaches and beautiful ecological forests.

Ailanto is the Medical Component of this wonderful project and it has one of its four

components now open, the Meso American Healing Experience and will, in the future,

construct the remaining three clinics and offer Wellness Services.

Estancia is the eco-friendly development with Five (5) subdivisions that are sure to please

everyone's needs

Estancia an Eco-Friendly Community residing amongst 83

acres of exotic, ecological forest. Only 45 minutes from the

Liberia Airport, Ailanto lies in the midst of all the major

tourist attractions, beaches, and spectacular nature of

Costa Rica.

Estancia borders the Miravalles Volcano Protected area of

the Miravalles National Park. The Miravalles Volcano is the

tallest in the Guanacaste area and from its slopes, provides hot springs to our property as well

as the surrounding areas. Rejuvenating and relaxing mud baths are nearby with tours daily to

Las Hornillas.

Canopy and many other attractions are located within 7 kilometers of the property

Estancia homeowners have the right to use all of the amenities including The Ailanto Wellness

Resort & Spa Meso American Healing Experience and any future services

We offer:

Master planned community

All environmental studies done and available

Well water and natural springs

Michelle Ribadeneira

3 | P a g


Geo-Thermal Electricity standard, provided by ICE, the

Government Electric Company

Hybrid (Solar and Wind) option.

Five Subdivsions

o Las Estancias (Luxury)

o Villas del Sol (very nice)

o Lago Ailanto (WOW!!)

o Paraiso (Retiree Community)

o Los Altos de Fortuna (Affordable)

Natural Spa/Meso American Healing

o Temazcales

o Yoga and Meditation

o Lagoons with thermal waters

o Restaurant/Churrasqueria

o Gift shop

o Massage gazebos

o Teepee and Fire/Costa Rican Folklore Dance

Wedding Garden

Botanical Garden

Organic Garden

Eco-Country Club

o Campgrounds

o BBQ pits

o Lake stocked with Tilapia

o Hiking trails

o Horses

4 | P a g


o Pizzeria

o Bakery

o Coffee/Juice bars

o Event center

o Gym

Helipad (In negotiation))

Homes Sites

Villa Sites

Sales office

Stone wall

Gates

Roads are all gravel, NO PAVEMENT

Wireless Telephone/Internet

Abundant Flora and Fauna

Financing

o Besides the standard Bank options, Estancia offers you a variety of financing options that are sure to please you

o All our financial options are NON-RECOURSE; this alone is a big plus because you are not putting any assets at risk for

simply buying a vacation home or a piece of land at Estancia.

o Our OWNER WILL CARRY Options are for a 20 year term and fixed rates as follows:

Down Rate Comments

Zero 10% Lots Only

30% 7% Homes and Lots

50% 3.5% Homes and Lots

5 | P a g


You cannot ask for a better package and at such a reasonable pricing,

there is no better option but to be one of the few lucky people that call

Estancia Home

6 | P a g


Las Estancias

In Las Estancias the minimum lot size is 5,000 SM (53,800 SF)

Siena

7 | P a g


6 models to choose from, you may customize your home to your

liking, just let us know at the time of the purchase what is that you’d want us to do and we can quote you what it would take to

make your home your dream home.

SF Cost in $ Bed/Bath

Siena 2367 $236,720 5/4

Firenze 2690 $269,000 3/3

Venezia 3228 $322,800 4/4

Capri 3766 $376,600 4/4

Padua 4304 $430,400 5/5

Bari 4842 $484,200 5/5

The Lots at Las Estancias

Not ready to build or buy a home? No worries, you may buy a lot at

Las Estancias. Our homes and lots are unbundled; choose your

house and your lot.

Lots are all wooded and just stunning

8 | P a g


Lots 10-36 are Las Estancias; minimum lot size is 53,800 sf

minimum size home is 2,367 sf # Size $ 10 67,826.84 $169,567 11 62,808.27 $157,021 12 83,928.97 $209,822 13 65,151.37 $162,878 14 55,277.24 $138,193 15 54,461.20 $136,153 16 54,440.44 $136,101 17 54,447.86 $136,120 18 57,801.64 $144,504 19 56,234.99 $140,587 20 60,191.98 $150,480 21 65,569.40 $163,923 22 63,057.47 $157,644 23 56,672.92 $141,682

24 62,795.36 $156,988 25 72,732.87 $181,832 26 77,279.50 $193,199 27 65,593.82 $163,985 28 61,285.41 $153,214 29 62,630.09 $156,575 30 59,310.63 $148,277 31 60,186.60 $150,466 32 59,271.24 $148,178 33 56,865.52 $142,164 34 60,172.07 $150,430 35 59,421.99 $148,555

36 63,989.50 $159,974

9 | P a g


Villas Del Sol I and II

Villas del Sol, for the investor who wishes to purchase a home and rent it

Calabria

10 | P a g


5 models to choose from, this may be your ideal vacation home, use it and when you are not vacationing, we would rent it to the tourist through our rental pool program. You may, many times cover the cost and the maintenance of the home.

Model SF $ B/B

Calabria 968 $77,472 2/2

Cielo 1937 $154,944 4/4

Siena 2367 $236,720 5/4

Firenze 2690 $269,000 3/3

Venezia 3228 $322,800 4/4

Rental Analysis

Assumptions Down

Payment

30.00% Expense

Rate

10.00%

Owners Minus

Model Cost Down Mortgage Share Expenses

Cash Flow %

Sueno $93,825 $28,148 $65,678 $9,720 $6,568 $3,152 11%

The Lots at Villas Del Sol

Lots 1-9 and Lots 37-61 are Villas del Sol you can select lots from 2690 sf to 10,760 sf

and the cost is $3.25 per square foot, so you may own a lot here for as low as

$8,742.50

11 | P a g


Villas del Sol Lots, all have Mountain and Valley views

The main feature of these lots is that you can buy one and break them down to 4

and resell them at a much higher price. Please see the projections below but make

sure to understand that these are projections and NO GUARANTEES.

We can assist you in this process and even aid you with the sale.

See below the projections for this Split Deal, and NOTE that these are projections

and NOT guarantees of a profit

12 | P a g


Lot Projections

Meters 1,000

Divide by 4 250

Price Per Lot $9,000.00

Income

Sales $36,000.00

Total Income $36,000

Expenses

Lot Cost $25,000.00

Commissions $2,160.00

Interest $625

Title Transfer $500.00

Topographer $250.00

Company* $750.00

Total Expenses $29,285.00

Net Profit $6,715.00

ROI

12 Month 26.86%

3 Month 107.44%

*We would form a CR company to do this

13 | P a g


Lago Ailanto

Homes by the Lake for those fishing aficionados

2 models to choose from, right by the lake. For those who desire to live by the water and perhaps catch fresh dinner. Use these for vacation rentals as well

Model SF $ B/B Lago 516 $33,500 1/1 Sueno 861 $68,864 2/1 2/2

14 | P a g


Sueno Model with upgrades

The homes at the Lake are hybrid solar/wind; you will never have a bill for

electricity or water, only your HOA to handle the maintenance.

The homes at Lago Ailanto have bay windows and they all face the lake so that

in your mornings you can watch the serenity of Mother Nature and at dusk

watch the animals as they leave for the evening.

Once a year you can see the lake changing colors from red to green as the algae

that feeds the animals develops there, it is like a sheet of red or green, don’t

walk on it you will get wet.

15 | P a g


The Lots at Lago Ailanto

Lots 62- 132 are located at Lago Ailanto, select lots from 5,380 sf to 25,000 at

$3.75 per square foot; you can be an owner of a lake-front lot for as low as

$20,175

Buy two or three lots and build your lake mansion.

No matter where you buy your lot you are Lake Front.

Because of Costa Rican law, 50 meters (150 yards) are reserved as protected

area, we at Estancia absorb that area, and we treat it as common area so you get

an extra 150 yards of Lake Front at no cost to you.

If you were one of the lucky ones that caught a Tilapia (you are almost

guaranteed to catch one) then take it and barbecue it at one of the many BBQ

pits or on your own.

Since you are only few minutes from the organic garden, walk over and get your

veggies.

16 | P a g


Paraiso

Paraiso for those who wish to spend their golden years in Paradise

3 models to choose from:

Model SF $ B/B Lago 516 $33,500 1/1

Sueno 861 $68,864 2/1

Calabria 968 $77,472 2/2

17 | P a g


Calabria

$1,500 per month, all inclusive

Imagine living in our beautiful Independent Living Residential Community nested in the

most beautiful Costa Rican countryside, yet near the beaches, shopping and many

activities.

Fish for Tilapia or Catfish in our lake, walk our Botanical Garden, use the spa services

or just simply bathe in the thermal waters, hike our trails, get a healthy massage, practice yoga or just go to the gym. Learn Latin Dancing, eat in the Churrasqueria (only grilled meats, nothing fried), jump in our aquatic exercise pool, we have the life and all

for $1,500 per month.

Live in your own 1 bedroom 1 bath duplex or detached home where you can even

entertain your visitors.

Purchase your home for $40,000 or you may for an extra $450 per month just rent the

home from us

For $1,500 per month (guaranteed for 2 Years) you get: Three meals a day (based on your dietary needs) Bathing Shopping Dressing Laundry Housekeeping Assistance with medications Medical Clinic On Site (small charge per visit)

18 | P a g


Free Monthly Check up (Doctor Only, all other charges apply) Entertainment Director Thermal Waters Gardening 24/7 Security Guarded and Gated Community Internet Monitoring from anywhere in the World (extra charge for equipment

installation) We have over 85 acres of UNSPOILED BEAUTY to roam and what is more, we are

surrounded by the Miravalles National Park, where you can enjoy an additional 8500

acres of primary forest.

Please Note that we will be building this section of Estancia as needed, but all services

will be provided to the residents during the buildup period.

19 | P a g


Sueno Model with upgrades

The homes at Paraiso are hybrid solar/wind; you will never have a bill for


The homes at Paraiso have bay windows with outstanding views to the Rain

Forest or to Ailanto Park, where soccer matches, Volley ball Tournaments and

Basketball games can be seen.

All around the park there are BBQ pits and tables for you to enjoy picnicking,

hammocks abound around the tree area.

The restaurant is a quick walk away and the thermal waters for Paraiso

Resident’s only, are located within the subdivision.

The Park will be constructed and donated to the town of Fortuna.

20 | P a g


The Lots at Paraiso

Lots 133-173 are in Paraiso, our retirement community, here all lots are 3,228 sf and

each sells for $2.50 per foot or $8,070

21 | P a g


Los Altos de Fortuna

Los Altos de Fortuna where you can select your lot size starting at 200 SM (2,152 SF). Although this is our least expensive subdivision it has the same quality and beauty as the other 4

2 models to choose from: L

Model SF $ B/B Lago 516 $33,500 1/1 Sueno 861 $68,864 2/1 2/2

22 | P a g


Above: Sueno Model with upgrades

Below Lago’s Plans

23 | P a g


Here you can choose Geo-Thermal, Solar, Wind or a Hybrid of the latter. If you

choose Thermal then you will receive a monthly bill from ICE, the electric

company, If you choose solar, wind, hybrid you will never have a bill for


The homes at Los Altos de Fortuna are small but ample, they each have bay

windows and they can face the Primary Forest or the Southside of Ailanto Park.

The Lots at Los Altos de Fortuna

Lots 174-254 are in Los Altos de Fortuna, here you can purchase lots for as low as

$2.25 per foot and they are 4,304 square feet and the cost is $6,779

Buy two or three lots and build a larger home

These homes can also be used in the rental pool so even though you pay a very

low price, you could rent them for a much higher price and at the end make more

money that what it costs you to maintain them.

24 | P a g


Home Models

Siena

25 | P a g


Firenze

26 | P a g


Venezia

27 | P a g


Capri

28 | P a g


Padua

29 | P a g


Bari

30 | P a g


Calabria

31 | P a g


Cielo 3 Bedroom

32 | P a g


Cielo 4 Bedroom

33 | P a g


Sueno shown with upgrades

34 | P a g


Lago

35 | P a g


“My Private Resort” Vacation Residences

Fully Furnished Lago Unit for $15,000

You can enjoy the ownership of a Lago home at a very reasonable price. For

$15,000 you get 1 share (out of 5) of a Costa Rican Corporation that owns a

fully furnished and equipped Lago home (dishes, sheets, furniture, bathrooms

etc)

Owners will sign agreements allowing their unit to be exchanged and rented

through Rental Pool thus if their home is occupied when wanted, a vacant

home can be used to supplant this need.

The Corporation (not a single shareholder) must opt out of any Rental Pool

Agreements but when doing so, make themselves ineligible for the Owners,

Friends and Family Program (see below).

Corporations will also be subjected to the CC &R’s of each respective location

which may or may not allow the rental of such units outside of approved

vendors.

Corporate ownership allows you as an owner access to your property any

time – as opposed to a few days or weeks during the year unlike a timeshare

or some fractional units.

36 | P a g


Owners, Friends and Family Program

The Owners, Friend and Family Program (“OFF”) is designed to let you, the

homeowner, enjoy the benefits of ownership without limitations usually

imposed by the “Vacation” or “Timeshare” programs that are typically offered

in the marketplace.

When you and your family or friends are ready to vacation or just simply

enjoy a weekend at the resort, make your reservation and travel plans.

Better yet, why not call our Concierge Service and let us arrange everything

for you?

Spend a day, a week, a month or longer just being spoiled at our beautiful

facilities. Use our Aquatic fitness and body maintenance facilities, the Meso

American Healing, the lake, or just soak in our fantastic thermal waters while

staying in your own luxurious home.

The steps of the OFF program are easy to follow:

1. Call our Concierge Service.

2. Make your plans and OFF you go!

What are the costs involved in the OFF Program?

There is no cost to join OFF; your ownership in one or more properties

entitles you to all benefits.

What is the cost to stay at the resort if we our unit is rented?

You will be assessed a $25 per day fee for maintenance, repair and

replacement fund of the unit that you are renting.

What facilities can I use during my visit?

You can use any and all the facilities. You must make reservations, though,

and mention that you are a property owner.

37 | P a g


You may use but pay separately for the restaurant, training classes, medical

facilities, spa, services, concierge.

Can my friends and family use the facilities?

Yes and they are entitled to receive all of the benefits. As a property owner,

you are limited to two annual invitations that you may extend to your friends.

Your direct family (children under 25 and parents) are entitled to unlimited

visits.

Corporate Ownership

Most everyone is enamored with the idea of owning a vacation home in an

exotic location. Since many cannot afford the actual ownership of such homes,

they sometimes choose to purchase a timeshare through Time-Share Vacation

Clubs.

A better alternative is to actually purchase a Corporate home with others.

With a Corporate home you can sell, trade or pass it on to your heirs and your

ownership IS protected by Costa Rican law. You can purchase a vacation home

for a lesser amount of money. You know that you will most likely only use the

house a few times a year, so paying a corporate price makes more sense.

Vacation home co-ownership (Corporate ownership) is an arrangement

where several individuals or families buy vacation property together and

share the costs and use of the property. Typically, each of the co-owners own

a percentage of the property, is shown on the corporate books as

Shareholders.

A Corporate buyer can buy one or several shares.

38 | P a g


Pictures of Estancia and Ailanto

Thermal Lagoons

39 | P a g


40 | P a g


Purchase a house or a lot worth at least $50,000 and we

will reimburse for your expenses up to $1,000 for your trip

to Costa Rica

Purchasing at Estancia

We have made the purchasing of your property at Estancia very simple and

very safe.

1. Select your Lot and home

2. Fill out a Reservation form

3. Submit it to Somara, Inc. our escrow company along with your deposit

of $2,000 for a lot or $5,000 for a home.

4. You have up to 90 days to inspect the property and to proceed with the

purchase.

5. Sign and return the sales contract

41 | P a g


6. Once the money goes hard, Somara transfer the funds to Toque del

Cielo, the developer.

7. Somara charges $250 for the escrow services, if you should not proceed

with the purchase, Somara will return the funds to you minus $250.00

service fee

8. If you should proceed with the purchase then the down payment

balance is due.

9. If you have not visited the property, you are given one year to inspect it

and to cancel the purchase.

10. You will get your money back, minus Home Owners Association Fees

and whatever interest expenses that you may have incurred.

11. If you have received Bank financing, then we will take over your Bank

note

Title Insurance

We use Chicago Title for our title needs but you as the client have the

option to pick any title company.

Because in Costa Rica the line of title is rather short, we advise you that you

hire an attorney to do the title search to insure that there are no

impediments on the property title.

To get on not to get Title Insurance is a decision that you must make and

pay for.

42 | P a g


Closing Fees

Expect the closing fees to amount to less than $1,000 for a home

or $750 for a Lot. If you use a Title Insurance to close then expect

much higher fees.

Ownership

The ownership of the property is by FEE SIMPLE, just like in the

USA, Canada or England

Documents Required for Purchase

1. Reservation Form

2. Escrow Agreement

3. Lot Sale Contract

4. Construction Contract

5. Passport or Picture ID

For further information please write to [email protected] .

Our websites www.estanciacostarica.com www.ailantocostarica.com

mailto:[email protected]

http://www.estanciacostarica.com/

http://www.ailantocostarica.com/

estancia buyers guide

Documents

villas del

costa rican

major tourist

miravalles

minimum lot

costa rica

rental pool

thermal waters