Ideal Development Property

Description:

Rare Multi-Family Investment Opportunity with Development Water Rights – Walk to Tamarindo Beach Located just a short stroll from world-renowned Tamarindo Beach, this income-generating tropical compound stands out as one of the few properties in the area with a rare multi-family water letter—a powerful development asset in today’s tightly constrained market. With buildable land in Tamarindo increasingly limited, this property presents a strategic advantage for investors or developers seeking scalability and long-term upside. Set on a spacious 685 m² lot and bordered on one side by a protected green zone, the property not only ensures privacy and natural beauty, but also offers the security of no future development encroaching on that side—preserving views and tranquility. Currently operating as a thriving rental business, the compound features seven fully equipped apartments, each with a private bedroom, bathroom, and screened indoor-outdoor kitchen/living area. A lush, tropical garden surrounds the structures, creating a peaceful, resort-like setting that appeals to both short-term visitors and mid-term tenants. The existing income model is well-balanced: * Four units generate high daily rates through popular vacation rental platforms * Three units are rented on a mid-term basis, providing consistent monthly cash flow With proven occupancy and excellent reviews, the property is turnkey and performing—but that’s just the beginning. Thanks to the multi-family water letter, investors have the unique ability to expand—add a swimming pool, construct additional units, or reconfigure the layout for a boutique hotel or luxury villa project. In a market where many development dreams are stalled by water restrictions, this letter unlocks rare potential. This is more than a tropical hideaway—it’s a strategic acquisition in a high-demand, low-supply environment. Highlights: * Rare multi-family water letter – unlocks significant development potential * Steps from Tamarindo Beach – prime tourist and rental location * Backs up to protected green zone – added privacy and natural beauty * Proven rental income – diversified short- and mid-term strategy * Room to expand – ideal for boutique development or private estate conversion Prime Location. Scarce Development Rights. High-Yield Potential. Properties like this are seldom available—and even rarer with the legal foundation to expand. Don\'t miss your opportunity to secure one of the most versatile, investor-friendly parcels in Tamarindo. Contact us today to schedule a private viewing.