Cheap Distressed Limón Costa Rica Property For Sale

Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.

Costa Rica Featured Listing

Herradura Luxury Properties, Costa Rica Location Herradura, Property Type Luxury Condominium Bedrooms 3 Bathrooms 3 Price $1,150,000

Limón, the capital city of the province of the same name, is also known as Puerto Limón, is one of the largest cities in Costa Rica.

Situated on a cape along the Caribbean coast of Costa Rica, on the East side of the country Limón is surrounded by two islands, the Uvita Island and Isla de Pájaros (Birds Island) which lies just north of the nearby Bonita Beach.

There are many places to find distressed or foreclosed properties in Costa Rica, for examples you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.

Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.

Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.

Drive around neighborhoods looking for vacant houses and you may find cheap distressed Limón Costa Rica property for sale with broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.

Buying luxury properties in Costa Rica can be a smart move for both investment and personal use, depending on your goals.

Costa Rica offers very favorable property ownership laws where foreign investors and buyers have full property rights, which is not the same as in many other Caribbean and Central American countries.