Commercial property for sale in Cabo Velas, Santa Cruz

Key facts

Features & amenities

About this property

Situated in Matapalo, just a short 10-minute drive from Playa Grande, this notable 9-unit rental property presents a unique chance to acquire a high-income hospitality asset in one of Guanacaste's sought-after coastal areas. The property is strategically located near Playa Grande, Tamarindo, Conchal, Brasilito, and Flamingo, making it appealing to guests looking for beach access, nature, privacy, and a tranquil Costa Rican getaway, while still being close to restaurants, surfing, tours, and popular attractions. The property is divided into two rental sections: Mar Blau and Villa Monos. Mar Blau consists of five fully equipped 2-bedroom homes that are designed for comfort and short-term rental appeal. Each unit features a private pool, outdoor BBQ rancho, garden area, air conditioning, WiFi, parking, and functional living spaces. These homes cater to families, couples, remote workers, and travelers seeking a private villa-style experience near the beach. Villa Monos comprises four 1-bedroom rental units that are centered around a communal pool, fostering a relaxed boutique-style atmosphere that is ideal for couples, solo travelers, digital nomads, and nature-focused guests. Together, the 9 units create a versatile rental operation with multiple income streams. The property can accommodate vacation rentals, long-term stays, retreats, corporate rentals, or a boutique hospitality concept. The mix of private pool homes and smaller villa units attracts a diverse range of guests and budgets. Surrounded by tropical gardens and Costa Rican wildlife, guests can enjoy a serene environment with howler monkeys, iguanas, and nature all around, while remaining close to Playa Grande and nearby coastal towns. For investors, this property represents a standout opportunity in the Playa Grande and Matapalo area. Properties featuring 9 existing rental units, private pools, established guest appeal, and proximity to the beach are becoming increasingly rare. Financial Snapshot: Asking Price: $999,500 USD Gross Annual Revenue: ~$169,000 USD Net Annual Income: ~$135,000 USD Estimated ROI: ~13.5% Revenue Channels: Airbnb, Booking.com, direct reservations, and social media. The property offers an estimated 13.5% return on investment based on current net income, providing strong cash flow and potential for future growth. The layout allows an owner to continue operating the property as a vacation rental business, reside on-site while renting out the remaining units, or reposition the property as a branded boutique rental compound.

Description rewritten by costaricarealtor.com from the public listing. See the original source for full details and photos.

Property details

Location

Cabo Velas, Santa Cruz, Guanacaste · approximate location