Investment opportunity · For sale by owner
A stabilized 4-unit income property with development upside and land appreciation potential — Los Almendros, Playa Grande, Guanacaste, Costa Rica.
Executive summary
An opportunity to acquire a newly constructed 4-unit multifamily property within the gated community of Los Almendros in Playa Grande, Guanacaste, Costa Rica.
Construction commenced in February 2023 and was completed in December 2024, allowing the property sufficient time to mature operationally while still benefiting from modern construction standards and infrastructure. The asset consists of four independent residences on a 5,240 sqm lot and is currently operated as a long-term rental property with established tenants and strong demand fundamentals.
The property combines privacy, security, accessibility, income generation, and future development potential in one of Costa Rica's most desirable coastal markets.
The property
Additional photography of each unit is available on request.
Property summary
Los Almendros
Los Almendros is a private residential community of 56 lots connected by registered rights-of-way, with paved roads, communal waste collection, fiber optic internet, and controlled gate access.
The community operates through voluntary participation rather than a legally established condominium association — there are no mandatory HOA fees or legal obligations to contribute. Owners nevertheless collaborate to fund road maintenance, vegetation management, security, and the entrance gate.
The area attracts international homeowners, retirees, entrepreneurs, and families seeking a secure, nature-oriented lifestyle, and continues to benefit from tourism growth, foreign investment, and a persistent shortage of quality housing.
Unit breakdown
4 bed · 2 bath · 221 sqm (2,378 sqft)
Spacious open-concept residence featuring four king-sized bedrooms, gourmet teak kitchen, tropical garden showers, and extensive indoor-outdoor living areas.
Used by owners — available for lease or owner occupancy
2 bed · 2 bath · 133 sqm (1,431 sqft)
Well-appointed residence with vaulted teak ceilings, ensuite bedrooms, dedicated workspace, outdoor shower, and covered patio.
Leased through April 2027
2 bed · 2 bath · 80 sqm (861 sqft)
Comfortable and functional residence ideal for long-term rental, guest accommodations, or caretaker housing.
Leased through September 2026
2 bed · 1 bath · 64 sqm (688 sqft)
Compact and efficient residence suitable for singles, couples, or small families. Teak cabinetry, outdoor shower, private outdoor living space.
Leased through April 2027
Investment summary
Monthly rental revenue
~$10,000 USD
Annual rental revenue
$114,000+ USD
Projected — short-term rental strategy
Switching to short-term vacation rentals is projected to increase profits by approximately 20%, based on the property's prior 5-star Airbnb operating history.
Replacement cost comparison
A neighboring lot of the same size is currently offered at $350,000. At roughly $2,000 per sqm, replicating the 632 sqm of built area would cost approximately $1,264,000 — a total of $1,614,000 before any income, landscaping, or lead time.
Location
Southbound: Tamarindo (20 min), Langosta, Avellanas, Playa Negra, and Nosara (80 min). Northbound: Península del Papagayo (1 hour).
Minutes from restaurants, schools, and essential services. The area continues to benefit from infrastructure investment, tourism growth, and a persistent shortage of quality housing for both long-term and vacation rental markets.
Detailed rent roll, operating expenses, and title documentation are shared directly with qualified buyers and investors.
Obtain price & financials