Price. The current price for Units 3-5 is $319,000.00 (U.S. Dollars) per unit. This is approximately $103/square foot, or about $1,030/square meter. Similar units with poor access, no views and average quality in congested areas sell for $1,100/square meter or more.

The current price for Unit 6 is $359,000.00 (U.S. Dollars). This is about $95/square foot, or $950/square meter. Unit 6 is more private than the other units and has a great view of the central Valley. But it is slightly lower than the other units, so its view, while still excellent, is not as good as the other units.

All prices listed are NOT considered offers to buy or sell, and are subject to change.

Quality and Location. Monticello Condominiums were designed and built to the highest possible standards. Only the finest materials and professionals were used in all aspects of its design and construction. Very few other projects in Costa Rica can match Monticello's design and construction quality.

Monticello is located in one of the most desirable and valuable areas in Costa Rica (between Santa Ana and Ciudad Colon). Yet, it is in the middle of a quiet, bucolic area with commanding views of the central Valley, and very close to San Jose.

Monticello is in the path of major development. Procter & Gamble, Microsoft, KPMG, and many other large companies have located their offices within a few kilometers of Monticello. The new highway to the Pacific Coast will be about 1 mile from Monticello. This will allow access to some of Costa Rica's best beaches in less than an hour!

Major shopping centers, grocery stores, the best hospital in Costa Rica, many international restaurants, and Costa Rica's top business center (Forum) are all only a few minutes from Monticello. All of these factors virtually guarantee the rising value of your investment.

Free and Clear Title. Free and clear title in Fee Simple is guaranteed. Buyers will purchase their unit by purchasing 100% of the shares of a valid Costa Rican corporation, which holds the actual title to the unit. All fees and taxes have already been paid to establish the corporations. We do not charge extra for this.

This is perfectly legal and very common in Costa Rica because:

1. Ease of Transfer. In Costa Rica, it is far easier and cheaper to buy and sell shares of corporations than it is to transfer title of properties. Transferring title of properties can be very time-consuming, due to the extremely inefficient bureaucracy of the National Registry.

2. Liability. If a third party is ever injured in your unit, you would be protected by the corporate shield.

3. Flexibility. If you want to establish a business in Costa Rica, you could use your corporation for that purpose. If you don't, it doesn't cost you anything. If you want to sell your unit but keep the corporation, you can.

Financing. Buyers will be responsible for any and all aspects of financing the purchase of their units. Propiedades Monticello, S.A. will not carry the financing of any units.

Interest rates are currently very low by historical standards. Many high-quality and safe banks are found in Costa Rica. Loans for varying lengths at attractive rates can be arranged. Although better rates and terms might be found in the U.S. and Canada.

Homeowner's Association. Monticello will have a homeowner's association. Monthly dues are currently projected to be approximately $250/month, including:

24-hour security;
All common area maintenance & repairs;
Maintenance of certain exterior components of each unit;
Water & Sewer;
Liability Insurance for certain potential damages and claims;

Each unit shall have an equal vote in the Homeowner's Association. Maintenance, building and repair covenants will be agreed on and enforced by the Association.

Investment Value. Real Estate prices in Costa Rica have risen dramatically in the last 10 years. We are confident your investment in Monticello will continue to grow because:

1. Costa Rica. Costa Rica is a safe, friendly, democratic country with a long history of peace and stability. Many individuals and corporations recognize that, and continue to invest in Costa Rica. Costa Rica has a large and growing middle class, and reasonable government policies that encourage foreign investment.

2. Unobstructed Views. Because Monticello has plenty of common areas below the units, its superlative views are virtually guaranteed for many years to come. Spectacular views that will never disappear will add and retain value to your unit.

3. Design and Construction Quality. Elegant architecture, master craftsmanship, a magnificent pool, lush gardens, massive foundations and walls, top-quality materials, and careful supervision of the construction virtually ensure added value to your investment.

4. Location. Monticello is located in a quiet neighborhood, away from the noise and congestion of San Jose, but close to all the amenities you need and want. It is one of the best locations in Costa Rica!