The “New Real Estate Hotspots” in Costa Rica: Affordable and Promising Areas You Shouldn’t Overlook
Introduction
Costa Rica’s real estate market has become a magnet for international buyers seeking natural beauty, a tropical lifestyle, political stability, and high quality of life. While destinations like Tamarindo, Santa Teresa, and Escazú have made headlines for years, their popularity has also driven prices significantly higher. For savvy investors and prospective homeowners, the good news is that several “new hotspots” are emerging — areas that are still affordable yet show strong potential for growth and appreciation.
These up-and-coming regions offer a winning combination of lower property prices, growing infrastructure, lifestyle perks, and promising returns. From quiet beach towns still under the radar, to revitalized mountain communities, or urban neighborhoods on the rise, these locations are beginning to attract attention from both Costa Ricans and foreign buyers. Some are seeing early stages of tourism development, others are being revitalized through infrastructure upgrades or expat-driven projects.
This article will guide you through five of Costa Rica’s most promising and still-affordable real estate areas. Each section includes a deep dive into the local lifestyle, current property prices, investment opportunities, and strategic tips to make a smart purchase. Whether you’re looking for a full-time residence, vacation home, or profitable rental property, these areas could be your next big opportunity.
Get ready to discover a side of Costa Rica that remains authentic and full of potential — before the rest of the world catches on.
1. Puerto Viejo de Talamanca: The Awakening of the Caribbean Coast
Nestled on Costa Rica’s lesser-known Caribbean coast, Puerto Viejo de Talamanca is gaining traction among real estate investors seeking a truly unique, laid-back, and still-affordable destination. Unlike the heavily developed Pacific side, Puerto Viejo offers a more relaxed pace, deeply rooted Afro-Caribbean culture, and untouched natural beauty.
With palm-fringed beaches, lush jungle surroundings, and close access to protected areas like Cahuita National Park and Gandoca-Manzanillo Reserve, the area is perfect for nature lovers and ecotourism. Tourists seeking off-the-beaten-path experiences are flocking here, and many end up becoming long-term residents. Digital nomads, retirees, and eco-conscious investors are all increasingly drawn to the region.
Real estate remains relatively affordable compared to the Pacific coast. You can still find buildable land starting at $50,000, and charming wooden homes or vacation-ready bungalows starting around $120,000. Whether you’re looking for a sustainable living project, a boutique rental property, or a private retreat, the options are diverse and promising.
Local authorities are working to improve the region’s infrastructure — including better road access, reliable electricity, waste management, and fiber-optic internet. These developments, combined with growing demand, suggest the value of property in Puerto Viejo is only going to rise.
The community is another key draw. Puerto Viejo boasts a vibrant international mix of residents and a strong sense of local identity. The demand for long- and short-term rentals is climbing, making it an attractive place for investors seeking cash flow.
For those who want to invest in Costa Rica while preserving its natural and cultural heritage, Puerto Viejo offers the perfect balance between lifestyle and financial opportunity. It may not stay under the radar for long, so early movers will reap the biggest rewards.
2. San Ramón and the Central Valley: A Return to Authentic Costa Rica
Just an hour west of San José, the town of San Ramón is emerging as a prime alternative to both the capital and the coast. Located in Costa Rica’s verdant Central Valley, San Ramón offers a tranquil, temperate environment, close proximity to key infrastructure, and still-reasonable real estate prices.
Known as “the city of poets,” San Ramón blends rich cultural heritage with a warm small-town atmosphere. The surrounding hills are dotted with coffee plantations, forested reserves, and scenic mountain views that rival more expensive destinations. The moderate year-round climate appeals to both Costa Rican families and expats, especially retirees and remote workers.
The real estate market in San Ramón is one of the best-kept secrets in the country. Spacious homes can still be found for under $200,000, and you’ll find everything from traditional fincas to new residential developments. The average cost per square meter is around $500 — far more affordable than areas like Escazú or Nosara.
A growing North American expat population has created a multicultural, inclusive atmosphere, fueling long-term rental demand and contributing to local entrepreneurship. The area also boasts reliable public services, private healthcare, universities, shopping centers, and restaurants.
One of San Ramón’s biggest advantages is its location — close to both the Pacific coast and San José International Airport (SJO), allowing for flexibility and convenient travel. This makes it ideal for those who want the comforts of the city without the traffic, noise, or inflated prices.
Sustainability is a key focus here. Local initiatives support green architecture, community gardens, and circular economies, aligning with the values of today’s conscious buyers. Municipal policies are also committed to preserving the town’s character and preventing overdevelopment.
San Ramón offers a rare mix: authentic culture, accessibility, and a healthy real estate market with room to grow. If you’re seeking a long-term investment with quality of life at its core, this Central Valley gem may be your perfect match.
3. Playa Naranjo and the Gulf of Nicoya: The Peninsula’s Next Big Thing
Playa Naranjo and the surrounding Gulf of Nicoya area are quickly gaining recognition as Costa Rica’s next real estate frontier. Tucked into the northern part of the Nicoya Peninsula, this quiet coastal region is rich in natural beauty, offers easy ferry access from Puntarenas, and remains significantly more affordable than better-known beach towns.
Playa Naranjo in particular boasts long stretches of untouched shoreline, forested hills, and a peaceful fishing village ambiance. While the region is still largely undeveloped, early signs of growth are visible: residential developments are springing up, roads are being upgraded, and small eco-resorts are starting to appear. The government has also announced plans to further enhance regional connectivity — a move that will likely accelerate land appreciation in the years ahead.
Real estate here is still a bargain. Ocean-view lots and multi-acre parcels can be found for under $100,000 — a fraction of what similar land would cost in Santa Teresa or Nosara. Current buyers are mostly Costa Ricans, but international developers are beginning to take notice, especially those interested in sustainable tourism and off-grid living projects.
One of the region’s key advantages is proximity to economic hubs. The ferry to Puntarenas connects Naranjo to San José and the Central Valley, making the area ideal for people who want a beach lifestyle without sacrificing connectivity to cities or services.
Crespo Agency, a well-regarded real estate firm in Costa Rica, has been closely monitoring Playa Naranjo’s development. Their team supports foreign buyers in identifying emerging areas like this, offering guidance, legal support, and market intelligence to ensure secure and strategic investments.
With unbeatable prices, breathtaking scenery, and early-stage development, Playa Naranjo is a golden opportunity for investors ready to get ahead of the curve. It’s not just a place to buy property — it’s a place to build a future.
4. Bijagua and Tenorio: A Green Paradise in the North
Bijagua is one of Costa Rica’s most enchanting and yet under-the-radar destinations. Nestled between the Tenorio Volcano and its namesake national park, this quiet village offers lush rainforest surroundings, rich biodiversity, and proximity to the famous turquoise waters of Río Celeste.
Unlike other tourist areas, Bijagua retains an authentic, rural vibe. Yet its popularity is quietly growing, particularly among nature-based travelers, eco-entrepreneurs, and expats looking for a slower pace of life. The region offers ample opportunities for eco-lodges, farms, and sustainable homesteads.
Property prices remain extremely attractive. Buildable lots with volcano views can still be purchased for around $30,000. Comfortable homes range from $80,000 to $120,000, and land for agricultural or eco-development use is readily available. This is an ideal environment for those with a vision to create something unique, whether it’s a retreat center, B&B, or self-sufficient home.
Bijagua is also strategically located between Liberia (with an international airport) and the Arenal region, making it more accessible than its remote feel might suggest. Basic services, schools, and small businesses are already in place, with room for thoughtful expansion.
Government policy in the area actively supports green initiatives, offering incentives and technical support for eco-construction and low-impact tourism. This creates fertile ground for long-term, responsible investment.
The local community is warm, welcoming, and increasingly international. A growing demand for alternative accommodations and immersive experiences is also making the rental market here more attractive — especially among nature tourists and digital nomads.
For those seeking a truly Costa Rican lifestyle — one rooted in nature, community, and sustainability — Bijagua offers unmatched value and long-term promise. It’s a place where dreams and smart investments can grow hand in hand.
5. Jacó in Transition: The Reinvention of a Beach Town
Jacó, once known primarily as Costa Rica’s party town, is undergoing a quiet but powerful transformation. While nightlife still exists, the town now caters to a much broader demographic: families, digital nomads, wellness travelers, and real estate investors looking for urban beach life without the chaos.
Its location is one of its biggest draws — only 1.5 hours from San José on a modern highway, making it the most accessible beach town from the capital. Jacó offers everything: international schools, hospitals, supermarkets, high-speed internet, and vibrant community spaces.
Real estate here is versatile. You’ll find ocean-view condos starting at $150,000, gated communities, boutique hotels, and even commercial buildings. After a period of stagnation, prices are climbing again, with renewed interest from foreign investors and local developers alike.
Jacó’s municipality has made a clear push for more sustainable development. Efforts to regulate building practices, clean up rundown areas, and promote eco-friendly projects are starting to show. New mixed-use developments now appeal to both families and retirees, with more thoughtful urban design and green spaces.
For investors, Jacó offers excellent short-term rental potential (Airbnb, vacation rentals) thanks to its year-round tourist traffic. It’s also becoming more attractive for long-term tenants, especially remote workers and young families moving out of San José.
Jacó’s renaissance is one of the most exciting developments on the Central Pacific coast. The town is proving that reinvention is not only possible but profitable — especially for those who recognize its new identity early on.
Conclusion
Costa Rica continues to offer extraordinary real estate opportunities — if you know where to look. While some areas have already peaked in price, emerging hotspots like Puerto Viejo, San Ramón, Playa Naranjo, Bijagua, and Jacó still offer affordable entry points, stunning environments, and significant appreciation potential.
These “new” destinations allow you to invest in a lifestyle, not just a property. You can enjoy the benefits of nature, tranquility, and cultural authenticity while also positioning yourself for long-term gains. Whether your goal is passive income, retirement, remote work, or a second home, these regions offer value you simply won’t find in more saturated markets.
Choosing the right location is only part of the equation — partnering with a trusted local expert like Crespo Agency ensures you make the most informed, strategic decisions. With guidance from professionals on the ground, you’ll avoid common pitfalls and gain access to listings and insights you can’t find online.
Investing in Costa Rica is about more than real estate — it’s about aligning with a future of sustainability, community, and natural beauty. And if you move now, you can be part of building that future from the ground up.