You can see the swimming pool that I showed a few days ago. The two top floors are two-story, three-bedroom penthouse units, with balconies on both floors, that sell for about one million U.S. Dollars. Our condo is on the second floor, right by the palm trees near the center of the building.
We became interested in this building during our first trip to Costa Rica in December 2005, which is why I took some photos of it at that time. Even though it was still early in construction, all of the condo units in the building were already sold. More than a year later we bought the condo from one of the original purchasers while the building was still under construction.
Several years ago Costa Rican beach front condo developments were selling out in the pre-construction phase. Developers were able to finance the construction through the deposit payments from the purchasers. With the recession in the USA, American buyers today do not have the value of their real estate or investments to use to purchase vacation property in Costa Rica, so the condos are not selling as rapidly.
This week on our travel photo site, Viva la Voyage, we happen to be showing photos from Costa Rica, which of course is what I show in this site every day. Some of our favorite Costa Rica photos are featured this week.