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Type of property: Beach
Price: Prices from $450k and up for 2 bed condos.
Description:

BAHIA AZUL – OCOTAL. GUANACASTE.
First phase release now available.
Prices from $450k and up for 2 bed condos.
Outstanding value, qiuality and views.
Great diving area.

Location
5 minutes to Ocotal Beach Club via our shuttle service

General layout
Slanted pair of buildings
1 unit per floor
Infinity edge swimming pool
Swimmingpool bathrooms
3-story buildings will be accessed by 2nd level
4-story buidings will have elevator

Distribution
Buildings 1,2,3,4,7,8
3-story, 3 bdr, 3 bthr
Buildings 11,12
2-story, 3 bdr, 3 bthr
Buildings 9,10
3-story, 2 bdr, 2 bthr
Buildings 5,6
4-story, 2 bdr, 2 bthr
Buildings 14,15
4-story:
floors 1 and 2: 4 bdr, 3 bthr
floors 3 and 4: 3 bdr, 3 bthr

Schedule of Payments

$5,000 reservation fee (refundable)
10% (minus the $5,000 reservation) of the purchase price at the signature of Purchase Sale Agreement (PSA)
10% of purchase price at foundations of the building. Estimate: Jan-May 2008
10% of purchase price when finishing the walls of the building where unit is located. Estimate: May-Oct 2008
10% of the purchase price at roofing of the building where unit is located. Estimate: Jul-Dec 2008
Closing: The remaining balance of the 60% of the purchase price is due upon completion of the unit. Estimate: Jan-Apr 09

Closing costs

6 months in advance Home Owners Association and maintenance fees :
$1,683 to $2,487 ($281/month 2bdr, 350/mo 3bdr)
Option 1: Via endorsement of shares
Notary fees: $900
Escrow + Title Insurance: 0.6% of purchase price
Example for a $500,000 purchase price = $3,900 (closing opt 1)
Option 2: Via transfer of deed (%of purchase price)
Land transfer taxes and registry stamps 2.33%
Notary fee 1.25%
Example for a $500,000 purchase price= $17,900 (closing opt 2)
FYI, Yearly property taxes are 0.25% of property value, payable on a quarterly or annual basis