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Author Topic: 2.5 acre house/farm for sale in Costa Rica for bitcoin  (Read 3267 times)
xenium (OP)
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March 28, 2013, 07:09:23 PM
 #1

Also posted to Craigslist Costa Rica here with lots of pictures
http://costarica.es.craigslist.org/reo/3707526002.html

Prefer to sell for bitcoin.
$97000 USD or full or partial with bitcoin equivalent
3br - 1000ft² - 2.5 acre eco farm. 3br tico house, spring, fruit trees. accept bitcoins
(30min outside San Isidro de General)
         
Tropical Costa Rica Mountain Farm For Sale $97,000 or equivalent in colones or www.bitcoin.org e-currency

Finca Fogon

Finca Fogon is a 2.5 acre farm property with a tico house that has incredible views, it's own spring water, fruit trees and the perfect year round spring weather on fertile land with lots of mature fruit trees. Altitude is about 1050 meters which gives you the perfect temperature year round at about 70-75F

Additional building site would allow someone to live in the tico house while a more modern house is being build. Keep the old house for guests or workers.

Officially 1 hectare, the property is about 10 miles and 30 minutes from the 3rd largest city in Costa Rica called San Isidro de General. The last 4-5 miles of road is a rocked road that is is passable most of the year by even 2 wheel drive cars.

There is a medium size old tico house in liveable condition that once had 3 small bedrooms but has been converted to have 1 large one currently.

Property Features

Rectangular lot with about 300-400 meters along the roadside
The lot slopes down slightly from the road with valley views of the town San Isidro below where you can even pick out the tall steeple church in the distance
Property faces generally faces east so you have nice sunrise views as well as view of Mount Chirripo in the distance, the highest mountain top in Costa Rica
Very fertile soil with lots of trees growing and nice large section for larger crops
We have grown large crops of sweet potatoes, corn, beans and have had a large coffee nursery.
Small swales dug on contour for growing as well as some for drainage
The property is roughly made up of
¼ old forest
¼ banana and plantain plantation and other fruit trees
¼ house area with workshop and chicken house
¼-1/3 cleared land used for periodic gardens, large planting area and possible new house site. (About 300 plantain plants have just been planted in this part of this area. They produce for about 2 years)

Spring Water
Though the property has town managed mountain spring water, a year round spring in the center of the property is about 100 meters from the house. The spring has a cement wall enclosure but needs a new top. A previous owner pumped this spring water up to holding tank for use in the house. It even has water in the catchment box during the driest part of dry season with a nice trickle of water running out. It's possible to setup a pump that uses falling water pressure to pump spring water back to house or use it to fill a small pond on the lower part of the property.

Trees

One of the greatest features of this property is that there are already so many producing mature fruit trees
Estimating the trees would give you about:
200-300 export quality banana plants plus several other varieties of bananas producing now.
300 plantain plants recently planted
4-6 mature producing guanbana trees
4-8 mature producing mango trees
1 Heart of palm pejebaye clump of trees
6-10 citris trees including sweet oranges and native oranges and lemons
native passion fruit
papaya, guava, guayaba, etc.
several other various fruit trees, some coffee, 1 coconut and other useful plants

Structures and facilities

House
1-3 bedroom old rustic tico house in decent living condition and currently occupied by a tico that rents and maintains the property
Initially 3 small bedrooms but wall removed created now one large bedroom.
Partial cement slab with mostly wooden wall and some wooden floor construction.
Metal roof
1 bath, Large living room kitchen area.
Additional dining which was old kitchen area
Large laundry wash area on cement slab with 3 walls and one side open.
Utilities
Electricity: is hooked up and working.
Water: is metered public water supplied by small town and comes from higher up mountain springs. Water bill runs about $4-$6 per month or about 2500 colones. Put a small pump on the natural spring catchment and be water independent.
Parking
A short rocked driveway provides off road parking.
Workshop
½ wall open air workshop with half walls and wooden floor and metal roofing
Chicken Coop
Large lockable screened in chicken house attached to workshop
metal roofing

Legal

Costa Rica Corporation/S.A. was created exclusively for owning this property and is the legal owner with clear title and registered in the national Costa Rica registry.
The corporation owned and controlled by one individual.
upon sale, the corporation can be transferred to the new owner possibly saving taxes on the property sale or the new owner can title the property in his/her own name or in the name of a new corporation.

Additional fotos can be found at this link

https://picasaweb.google.com/108421730123191670548/FincaFogonForsaleTropicalMountainCostaRicaFarm?authuser=0&feat=directlink

For more information or to arrange to visit contact
CR +506-2100-1486, CR +506-8888-7500, US 404-567-5933
skype: xenfasa
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xenium (OP)
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March 28, 2013, 07:20:10 PM
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I'm the seller so you can post questions in this thread as well and I will respond.

xenium
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April 09, 2013, 01:38:37 AM
 #3

Does the rent on the property provide a return on investment?  How much does property management run?
xenium (OP)
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April 09, 2013, 03:14:39 AM
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Does the rent on the property provide a return on investment?  How much does property management run?

The old house could maybe rent for $75-100/month as it is.
Nicer newer 2-3 bedroom places could go for $300-$400 if they are furnished
in the case you built another house which can be done for $10-15,000.

The guy living it it now works a certain number of hours for me each month to pay for the rent and he
also keeps up the house.

Another person manages the banana and plantain portion of the farm and I take a cut of that.
Maybe a few hundred per year off that.

My main farm is just 5 minute walk away where I live.  So as far as management goes...
best to let the local farmer maintain the crops to keep things looking pretty and take a 25% cut of that.

Since I'm close I can send you pictures periodically and help keep an eye on things
if you are not around or help find someone to stay there to help up keep it.
Kinda like how things are working with it now.

Hold on to it for diversification and as a backup plan.
It's a great place to build a nice getaway cabin and be able to grow all your food so you're
taken care of when the system finally collapses  Smiley

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April 09, 2013, 04:57:39 AM
 #5

this is amazing
bcpokey
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April 09, 2013, 05:06:58 AM
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Awesome to see things like this going on in the bitcoin world. I was recently in Costa Rica, though I only zoomed through San Isidro on the way to Dominical. The place is quite lovely, and if it's up in the hills it is often cooler, which I for one quite prefer. The people I met were all very friendly and kind, though I don't know if that was just catering to the tourist gringos. Driving can be an interesting adventure, not for the easily rattled.

I'm curious, I recall electricity can be a bit of an issue in some places, is the current pretty steady there, and if say a bitcoiner were to go live there, would there be capacity to do their business?

Costa Rica property seems to be one of the hot new things these days. Good to see it making it into bitcoin, good on you Smiley
vleroybrown
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April 09, 2013, 08:03:31 AM
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The ability to create income and fair markets globally seems to have taken one giant leap with the proper implementation of a bitcoin property management application.   Would bitcoin be accessible to many there?
toffoo
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April 09, 2013, 08:34:40 AM
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Just curious:

Why are you selling it?

What kind of Internet connection can you get up there?

Can you post a Google Maps link to roughly where it is?

xenium (OP)
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April 09, 2013, 06:11:25 PM
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The place is quite lovely, and if it's up in the hills it is often cooler, which I for one quite prefer.

Yes, the property is up in the hills at 3500 feet or 1100 meters with nice views. Temp is rarely below
65F at night and 85F in the day.  Seems to always be nice and cool to me.  My kitchen and living room
are actually out on a balcony.  Average temp is in the 72-75F range. Moderate and mild.  I could not take beach living. Beach is great to visit.  45min on back roads but too out to live at.   I have a tsunami phobia as well.

Things are generally green all year round here unlike the norther part of Costa Rica which all turns brown in dry season.

The people I met were all very friendly and kind, though I don't know if that was just catering to the tourist gringos.

The people and extended expat community is what convinced me to move to the area.  Lots of  like minded folk leery of the state of the world and thinking it's better to live in a farming community, get sustainable  and collect metals.  Lots of talk of implementing a local currency

I'm curious, I recall electricity can be a bit of an issue in some places, is the current pretty steady there, and if say a bitcoiner were to go live there, would there be capacity to do their business?

Electricity is not as bad as I thought it would be.  It's out 1-3 times a month and just for a few minutes. Never a day without electricity that I can remember in 7 years.    What I do is put the most important stuff (computers, internet, phone on a solar panel and battery back up) system so I'm never outa touch.
Electricity is more expensive here so not a good place for a mining operation.

Wimax has just come to the area so 4Mb wimax is available.  I find the 2Mb service is fine for me at about $30/month.

Previously I paid for internet at an apartment in the town below in the valley and beamed it up with a 10km point to point antenna setup.  If you want to do that, 40Mb fiber is available if you get the right p2p antennas  Smiley
xenium (OP)
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April 09, 2013, 06:17:42 PM
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The ability to create income and fair markets globally seems to have taken one giant leap with the proper implementation of a bitcoin property management application.   Would bitcoin be accessible to many there?

Property management could actually be a HUGE business here.  Lots of foreigners buy here and build nice furnished houses but do not stay all year.  They do not have an option for property managment to keep the houses rented or watched. I thought about doing this.  If someone wanted to partner with such, I'd be willing to help put it together and market it locally as well as work out some logistics.

bitcoin accessible to many here?  I plan on making it so.  Lots in the expat community wanting to create a local currency. 

A bitcoin ATM could work... for locals that receive month from family working in the USA.
Only gouging companies like WU exists now... I'd consider partners to make this happen as well.
Anyone in NY or New Jersey area interested in setting up a bitcoin ATM in the area?  Reason is
that is where the largest Costa Rica working population exists outside of CR.  Lots send money back to CR from there.
xenium (OP)
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April 09, 2013, 06:24:27 PM
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Just curious:
Why are you selling it?

I bought it for one of my workers to live in, plus it's features were very attractive in case
I wanted to sell one day and to possibly hold for friends or family that may want it.
But they are slackers it seems Smiley

I have my own 50 acre farm just 5 mins away too and do not really need this property.
I'm looking to diversify my assets more since I don't need a farm and already have
enough projects and food on my larger farm.

What kind of Internet connection can you get up there?

Already mentioned but here again...

Wimax has just come to the area so 4Mb wimax is available.  I find the 2Mb service is fine for me at about $30/month.

Previously I paid for internet at an apartment in the town below in the valley and beamed it up with a 10km point to point antenna setup.  If you want to do that, 40Mb fiber is available if you get the right p2p antennas

Can you post a Google Maps link to roughly where it is?

PM me with your email and I'll send you a google earth screen shot.
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April 10, 2013, 01:48:56 AM
 #12

Would you rent it? Im interested in renting it for 350 Per month?

Why are you just staring at this? Just send it! 1MHZjADM41ttjbPUiTPYWGYGm45XLf8ZeS
xenium (OP)
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April 10, 2013, 07:56:42 PM
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Would you rent it? Im interested in renting it for 350 Per month?

What situation are you looking for exactly?  I may know of other options that may suite you more.
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January 24, 2014, 08:53:00 AM
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guys I am desperatly looking for help finding a place to live that ill accept Bitcoin for rent?  PLEASE HELP ME???  Sad
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October 13, 2014, 03:09:12 PM
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Quote
bitcoin accessible to many here?  I plan on making it so.
Any update on this?  I'm interested in Bitcoin developments in CR. Thanks.
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