In those days, it was fairly common that everyone with enough money to purchase land thought they could be a successful real estate developer and sell in pre-construction.Ī couple of Dutch business people put together an investment group, bought some land near Tarcoles, and the place ended up years later as Nativa Resort. What’s going on? Why wasn’t the resort not more developed in all those years? The community offers the most amazing views I’ve seen in any “beach community” in a long time. More than 20 years later, they are still struggling, and now the development is for sale. What happened?Ī Dutch investment group bought the land in 1998 and built eight townhouses, and subdivided a fair amount of building lots in 1999. Nativa was many years ahead and should have taken advantage of the ups in the market for over 20 years. All those communities were started during the 2006 housing bubble and never finished. These, and many others, never got off the ground or were abandoned for a lack of financial health. Some were sold by unscrupulous real estate developers using marketing tricks. Sonesta One Jaco, Columbus Heights, and Costa Esterillos are just a few in the Central Pacific coastal area. There are quite a few abandoned residential communities along the coast of Costa Rica.
There are reasons why resort communities like Nativa Resort in Garabito not to be thriving. Live in Sarchi – The Cradle of Artisans.Find Properties by Geographic Area and City.
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