Cheap Distressed Tamarindo, Costa Rica Luxury Properties and Investments

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

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.

Discover Costa Rica properties listed by estate agents and owners, search for property for sale, rent or investment on IPD.

Costa Rica Featured Listing

Costa Rica, OCEAN VIEW TOP FLOOR CORNER UNIT Location Los Suenos, Property Type Luxury Condominium Bedrooms 2 Bathrooms 2.5 Price $499,000

Tamarindo, located in Guanacaste province of Costa Rica, is a district of the Santa Cruz canton, and is situated on the coast of Nicoya Peninsula.

Quickly growing from a village into a town, Tamarindo is now a large beach development area in Guanacaste, expanding due to the location becoming a famous surfing and eco-tourism destination for wealthy buyers, digital nomads, investors and expatriates.

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 Tamarindo, 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.