Costa Rica Blog

FORECLOSURE - 5000 Sq Ft Luxury residence Lake Arenal on 6.2 acres FIRE SALE!Initially offered at $1.95 million, bank say sell $895k

Posted by Steve Linder on Tue, Mar, 01, 2016




Villa del Lago    SOLD                                                                                                                   February, 2018                                      

This spectacular estate home, development opportunity, corporate retreat or wellness center is situated on a beautifully maintained paradise of gardens and waterfalls with over 100 species of flowering plants, colorful native trees and a flowing stream. With its breathtaking architecture, spectacular views of Lake Arenal and close proximity to the town of Nuevo Arenal, this private oasis is considered the finest private estate home on Lake Arenal.  Read below for more details on this stunning property.



Custom construction at its finest






Villa del Lago is a remarkable confluence of architectural design and the natural outdoor beauty of Costa Rica. Newly constructed, the home offers four bedrooms, a media room or exercise room and a private second floor master suite with an adjoining office and a private balcony overlooking Lake Arenal. There is also a small staff bedroom with private bath and separate entrance. Villa del Lago was designed to accommodate either an extended family or large groups with the same grace and sense of purpose. Designed to perfection, the 5,000 square foot residence flows seamlessly. A large chef’s kitchen layout and great room with fireplace along with an adjoining living room flows out to a beautiful terrace overlooking Lake Arenal offering the opportunity to create a romantic dinner for two or entertaining on a grand scale. 

The property also offers over six acres of manicured gardens, terraced lawns, a large swimming pool, waterfall, natural stream and a variety of fruit trees including orange, grapefruit and lemon trees. The main terrace and the open-air balconies capture unobstructed views of Lake Arenal, as does the pool and gardens on the lower lawns. Private staff quarters and a helicopter-landing site are on the property. There is also a year round mountain stream flowing across the entire southern section of the property. 

Perhaps most noteworthy is the fact that the property consists of four different segregated parcels totaling 6.2 acres. This offers the next owner the opportunity to build up to three additional 5,000 square foot private homes or a multitude of guest houses or small villas on each of the remaining three parcels. The next owner also has the option to recoup part of their investment and sell off one, two or three of the adjoining parcels as the house itself only sits on one parcel. 

Lake Arenal is without question, one of the most beautiful areas in all of Central America. The lake is located in the north central region of Costa Rica in a mountain range named Cordillera de Tilaran, approximately one and one half hours from Liberia International Airport and two hours from the Pacific coast beaches. The house is also located three hours northwest of the capital city of San Jose.

Villa del Lago is perfectly situated overlooking Lake Arenal. The home is ten minutes from the resort town of Nuevo Arenal which offers numerous shops, banks, a gas station, a large supermarket, a pharmacy and a multitude of fine restaurants. There are also several highly rated inns and bed and breakfast accommodations, all within fifteen minutes of the home.

Lake Arenal is 22 miles long and one mile wide and is a crystal clear, pristine, freshwater lake at an elevation of 1,500 feet. The lake maintains a year round temperature of approximately 78F or 26C. Lake Arenal offers a myriad of outdoor activities including some of the best freshwater fishing in all of Costa Rica; the Rainbow bass, a fantastic eating fish, can reach 14 pounds. Waterskiing and sailing are popular pursuits on Lake Arenal and there is a local marina with docks just five minutes away from the house where you can rent a kayak or keep a boat.

Windsurfing and kite boarding are also popular pursuits and the area is renowned to be one of the top five windsurfing locations on earth. Not only a sport for professionals, this is a sport for beginners too with equipment rentals and lessons available right on the lakeshore. Additional popular outdoor pursuits one can enjoy in the area include mountain biking, hiking, tennis, horseback riding, yoga, nature walks, boating, kayaking and excursions to Arenal volcano. 

Villa del Lago, completed in 2013, is now offered for sale. Originally priced at $1,950,000, the house and four parcels had been reduced to $1,495,000 and are now offered through foreclosure by the lender at $895,000.  The title is clean and ready to transfer, the property is deeded and fee simple ownership.   

We can arrange for you to come see this property, in country transportation and lodging on the day of arrival, ask for details.  We are one of the largest brokers of Costa Rica real estate, with over 10 years experience exhibiting at shows like AARP, International Living and Ideal Living.  You can see us online by Googling Pacific Lots of Costa Rica.


This is a must see and great opportunity 


Tags: Property in Costa Rica, Costa Rica Bank Owned real estate, Costa Rica foreclosure