LOOKOUT SUITES – OCEAN VIEW BOUTIQUE HOTEL WITH RESTAURANT IN PLAYAS DEL COCO COSTA RICA

Positioned above the Gulf of Papagayo, this ocean view boutique hotel with restaurant in Playas del Coco Costa Rica is a four-level 12-unit hospitality property designed for income generation and flexible operation. It sits on a 490.43 m² lot with approx. 557 m² (6,000 sq. ft.) of construction. The property includes accommodation units, a penthouse apartment, and a leased rooftop restaurant that generates consistent monthly income. Its elevated hillside position provides ocean views from all rooms and terraces.

Located in Playas del Coco, the property is approximately 5 minutes from the beach and 25 minutes from the international airport. It has direct access to services and infrastructure. This setup suits buyers interested in living in Playas del Coco Costa Rica while operating a multi-unit hospitality or rental business.

PROPERTY OVERVIEW

A fully built and remodeled ocean-view hospitality property designed for multi-unit accommodation and income generation. The layout spans four levels and supports independent operation.

• Property Type: Ocean-view boutique hospitality property
• Structure: 4-level building (rooms + penthouse + rooftop restaurant)
• Land Size: 490.43 m²
• Construction Size: approx. 557 m² (6,000 sq. ft.)
• Total Units: 12 (studios, suites, penthouse)
• Views: Gulf of Papagayo, Pacific Ocean, mountain backdrop
• Pool: Infinity-edge ocean-view pool
• Restaurant: Rooftop space leased (income-producing)
• Parking: On-site / street-front access
• Condition: Remodeled and updated (original build 2008)
• Utilities: Water, electricity, high-speed internet available
• Furnishings: Equipped for hospitality use
• Zoning/Use: Hospitality / commercial-ready layout

KEY FEATURES

• 4-level ocean-view building with optimized interior and terrace space
• 12 accommodation units (studios, suites, penthouse)
• Rooftop restaurant space with seating for approx. 60 guests
• Long-term restaurant lease (income-producing component)
• Infinity-edge pool overlooking the Pacific Ocean
• All units oriented toward ocean views
• Private bathrooms and AC in all rooms
• Kitchenettes in select suites and full kitchen in penthouse
• Multi-level terraces with panoramic sunset views
• On-site laundry facility
• Front-access parking
• Compact lot maximizing usable construction footprint

EXTERIOR & BUILDING LAYOUT

The property is a four-level ocean-view structure designed for multi-unit hospitality use. It maximizes interior space and elevated sightlines toward the Gulf of Papagayo. Originally built in 2008 and later remodeled, the building spans approx. 557 m² on a 490.43 m² lot. The footprint sits close to property boundaries to optimize usable interior and terrace areas.

The first and second floors are configured for guest accommodations. They include studio rooms and larger units with kitchenettes. Each unit has a private bathroom and air conditioning. All are oriented toward the Pacific to capture ocean views. A dedicated laundry area supports operations.

The third floor is a two-bedroom, two-bathroom penthouse apartment. It includes a full kitchen, living area, and private terraces. This level provides a self-contained residential space separate from guest accommodations.

The fourth level is an open-air rooftop restaurant space. It accommodates approximately 60 guests and captures panoramic sunset views. This level operates independently from the accommodation floors.

The layout supports conversion into a vacation rental business Playas del Coco. Multiple units are suitable for short-term rental platforms. The property is short-term rental ready for immediate or phased operation.

Additional features include an infinity-edge pool facing the ocean, multi-level terraces, and front-access parking. Each level can operate independently while maintaining overall efficiency.

INVESTMENT POTENTIAL

This income producing hotel Costa Rica includes a long-term rooftop restaurant lease. It generates consistent monthly income independent of accommodation operations. The property functions as an income-generating asset with infrastructure in place for multi-unit rentals.

With 12 accommodation units and a penthouse, the property supports diversified revenue streams. These include short-term rentals, extended stays, and mixed-use operation. Previous use as a hotel and vacation rental confirms operational flexibility.

Best for: boutique hotel operators, investors seeking rental income, buyers combining residence and income, and owners developing a short-term rental portfolio.

The efficient use of space increases revenue potential per square meter. The ocean-view position supports long-term value and rental demand. This also positions the property as an ocean view hospitality property Papagayo, within a high-demand tourism zone.

This configuration suits buyers seeking a boutique hotel for sale Guanacaste. It allows operation, repositioning, or expansion of the business model.

LOCATION & ACCESSIBILITY

This ocean view boutique hotel with restaurant in Playas del Coco Costa Rica is set on a hillside overlooking the Gulf of Papagayo. It is approximately 5 minutes from Coco Beach and about 25 minutes from Daniel Oduber Quirós International Airport. The property is accessible via paved public roads and sits within a region with steady demand for homes for sale in Guanacaste Costa Rica.

The property is located within Playas del Coco. It forms part of the broader Guanacaste Costa Rica real estate market. The area has strong infrastructure and international access. Surrounding zones include residential and hospitality developments within a short drive.

Playas del Coco provides supermarkets, banks, medical services, restaurants, and marine operators. The nearby Papagayo Peninsula supports ongoing demand in homes for sale in Playas del Coco Costa Rica and the wider Playas del Coco Costa Rica real estate market.

LIFESTYLE & MARKET INSIGHT

Playas del Coco and the Gulf of Papagayo attract buyers seeking an investment property in Guanacaste Costa Rica. The region combines accessibility, infrastructure, and tourism demand. It supports consistent visitor flow and rental activity.

Market demand remains strong for income-generating properties in coastal hubs. This aligns with Guanacaste Real Estate Investment: Why Savvy Buyers Are Focusing on This Booming Region, where tourism growth and infrastructure drive long-term value.

For buyers considering living in Guanacaste Costa Rica, the area supports both residential living and rental income strategies. Ocean-view, multi-unit properties remain in consistent demand.

CALL TO ACTION

For more information or to schedule a private or virtual showing of Lookout Suites, contact us anytime.

Costa Rica Real Estate CR
Gina Briguglio
Licensed Realtor in Costa Rica
CIPS Certified | Member of CRGAR & NAR
30+ Years of Real Estate Experience
 +506.8423.4370 | +312 399 2857
 info@costaricarealestatecr.com
 costaricarealestatecr.com