Saturday, August 23, 2014

There’s Something In The Air In Costa Rica’s Lake Region…

Lake Arenal
After researching Costa Rica in the pages of International Living and seeing the country featured in real estate TV shows, Victoria, 67, and Larry Torley, 65, were ready to check it out for themselves.
And it didn’t take long for them to find a new home.
“On that trip we checked out Jaco,” says Victoria, referring to a popular Central Pacific coast resort town. “But the beach areas are too hot and humid. So we drove up here to Arenal on a Saturday morning. By 5 p.m. we had made an offer on a house.”
Though the couple withdrew that original offer when they found a better deal later in the trip, they knew that the Arenal region, with its centerpiece 33-square-mile lake, was for them. Just three hours from the capital San Jose, this area is becoming increasingly popular with retirees and other expats for the same reasons that drew the Torleys.
“I’m so happy here. The green hills, the blue lake, the great climate—no AC needed…it really is perfect,” says Torley. “When we came here that was the end.”
The couple, from the northeastern United States, moved down in March 2012 and took up residence in their 11-acre property, complete with 20 chickens that provide fresh eggs and grazing cattle (their neighbor’s). Their house is 1,200 square feet. But they spend a lot of time enjoying the lake view and year-round, spring-like climate from their 700-square-foot outdoor space.
“Our furniture is made from trees we had on the property that had fallen down. It would have been three to four times more expensive to have pieces like these made in the U.S.,” says Victoria.
And they’ve saved in other ways. By shopping for fresh produce and avoiding imported American foods, they save on groceries. And medical and dental care has been high-quality and low-cost. An MRI at a private clinic in the large city of Liberia about two hours away was $180. And some upcoming dental work that would have cost $55,000 is going to be just $14,000 with their Costa Rican dentist.
Lake Arenal
The green hills, blue lake and ideal climate all add to the appeal of the Arenal region in Costa Rica.
They’ve also found a supportive and active expat community. Victoria founded the Arenal Gardeners soon after arriving.
“I’ve always gardened. But when I moved here I was totally ignorant about what to do. So I started a club. We gather and share information. We have over 100 people. If they all show up for a meeting…God help us,” says Victoria, laughing. “We have coffee, cacao, Surinam cherries, orchids—you can find them by the side of the road—passionflower vines, poinsettias, heliconias… With 11 acres you have room for anything you want to grow.
“Aside from the gardening club, the couple is active in the twice a week community breakfasts, book club, and other groups. And Larry is starting to sail on the lake, a favorite activity from childhood he’s taken up again.
“There’s something in the air in Arenal. The people who move here are inquisitive…more open…more vibrant,” explains Victoria. “I am more active here than I ever was in the U.S. I have a big circle of friends. And I don’t think it’s just because we’re retired.”

TERRENCE R. “TERRY” MORAN


TERRENCE R. “TERRY” MORAN
“Terry” of Lake Arenal, Costa Rica, died of cancer at Kathy’s Hospice in West Bend Wisconsin.
Terry attended Antilles School, Admiral Farragut Academy and Colegio San Justo. He was a life- long realtor and Appointed Commissioner of Real Estate, Government of the United States Virgin Islands,
National Director, National Association of Realtors
President, Virgin Islands Territorial Board of Realtors
President, St. Thomas – St. John Board of Realtors
Member, National Association of License Law Officials
Member, National Association of Farm and Land Brokers
Member, Institute of Real Estate Management
Member, International Real Estate Federation
Candidate for MAI, American Appraisal Institute
Senior Member, National Association of Independent Fee Appraisers
Designated Appraiser, Chase Manhattan Bank, Barclays Bank, Bank of America
Designated Appraiser, U.S. Government, Veterans Administration, Federal Housing
Member, National Association of Real Estate Appraisers
Member, Caribbean Real Estate Federation
Real Estate Instructor, University of the Virgin Islands
Terry established real estate companies in St. Thomas, St. John, St. Croix, the Dominican Republic, St. Barths and Costa Rica. He sold properties to many local Virgin Islanders and several major properties including: International Plaza, Palm Passage, Botany Bay, the land where Sugar Bay is located as well as the Cormorant Hotel, St. Croix and Gouverneur Bay in St. Barths.

List of Clients Served:
ROCKRESORTS HOTELS
LAUREN HUTTON
HOLIDAY INN HOTELS
CHRISTIE BRINKLEY
KRISH HOTELS
CHRISTY MCVEE
HARDROCK CAFÉ
MAUREEN OHARA
UNIVERSITY OF THE VIRGIN ISLANDS
MTV
ROYAL CARIBBEAN CRUISE LINES
THE ROLLING STONES
U.S. GOVERNMENT
JOHN LENNON
GOVERNMENT OF THE U.S. VIRGIN ISLANDS
ADNAN KHASHOGGI
U.S. NATIONAL PARK SERVICE
FERDINAND E MARCOS
PLANET HOLLYWOOD
NELSON A. ROCKEFELLER
STERNS JEWELERS
DOW CHEMICAL
AMSTERDAM SAUER JEWELERS
GOLDS GYM
COLOMBIAN EMERALDS JEWELERS
BANK OF AMERICA
NATURE CONSERVANCY
BARCLAYS BANK
GOVERNOR CYRIL KING
CHASE MANHATTAN BANK
CHRISTIES GREAT ESTATES
BANK OF NOVA SCOTIA
CONGRESSMAN RON DELUGO
CITIBANK
JOSE CUERVO TEQUILLA
MERRILL LYNCH
THE GOVERNMENT OF ANTIGUA
THE GOVERNMENT OF THE BRITISH VIRGIN ISLANDS
BARON BENJAMIN DE ROTHSCHILD
And Many More
Terry was a Certified Appraiser, Pilot, Builder, Developer, Broker, Former National Director of the National Association of Realtors, and former Real Estate Commissioner for the Government of the United States Virgin Islands.
Terry was a long time contributor to the Catholic Orphanage in Haiti and he donated many items to the museum in St. Barths.

His creation of Moran Real Estate on Lake Arenal was one of his greatest accomplishments and a realized dream.The lakeside office in Arenal will remain as the largest and most active real estate in the area, in his memory.

"Heaven is always and forever around us, and no soul remembered is ever really gone." - Mitch Albom