Rare Development Opportunity: Approved 4-Unit Horizontal Condo Project in G Section - Nosara Real Estate

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Rare Development Opportunity: Approved 4-Unit Horizontal Condo Project in G Section

Playa Guiones G Section Nosara Costa Rica

$1,495,000

750 m

2

4 Bed

3.5 Bath

2025 Year Built

This is a fully permitted and approved 4-home condominium project under Costa Rica’s horizontal property regime, with all condominium paperwork already in place. Located in the highly desirable G Section of Playa Guiones, the project offers a rare chance to complete a turnkey hospitality or residential investment with grandfathered water meters (no new meters are being issued in the area).

Current Status:One fully completed 3-bedroom, 2.5-bathroom luxury villa (plus lofted space) – move-in ready and generating immediate rental income.

80% completed 1BR/1BA structure currently serving as a welcome center and lobby – perfect for hospitality operations and easily convertible into a second 2-bedroom home.

Permits and space approved for two additional identical 3BR/2.5BA villas.

Two legal water meters already installed and active.

Bonus movable tiny house built on a trailer foundation (approximately $60,000 invested). Fully livable and currently producing income – can be kept for revenue or removed once the final two units are built.

The Completed Luxury Villa

This stunning 3BR/2.5BA home showcases high-end contemporary design with premium finishes throughout: Open-concept living, dining, and kitchen with sleek white quartz countertops, custom teak cabinetry, and stainless steel appliances.

Spacious primary suite with generous closets and modern en-suite bath.

Lofted sleeping area ideal for guests or additional living space.

Private swimming pool and expansive outdoor lounging areas surrounded by lush tropical landscaping.

High ceilings, polished concrete floors, designer lighting, and custom woodwork create a bright, airy, and luxurious feel.

Large sliding glass doors open directly to the pool deck and garden, blending indoor-outdoor living perfectly for Nosara’s tropical lifestyle.

The second structure (80% complete) functions as a professional welcome center/lobby and includes a 1BR/1BA unit, making it ideal for on-site management or short-term rental operations.

Investment Highlights & Projected Value

Once the two remaining 3BR villas are completed, the project will consist of:Three luxury 3BR/2.5BA villas → projected sale price $800,000 – $900,000 each

One smaller 1–2BR unit (former welcome center) → projected sale price ~$475,000

Total projected sell-out value: nearly $2.8 million USD.

All construction permits, horizontal condo approvals, and legal water meters are already secured — a massive advantage in Playa Guiones where new development is heavily restricted. This is a shovel-ready project for a developer or investor looking to finish and flip individual titled units or operate the entire complex as a boutique hospitality property.

Perfect for: Real estate developers

Boutique hotel / villa rental operators

Investors seeking high-return projects in one of Costa Rica’s most sought-after beach communities

Serious inquiries only. Contact us today for full details, financial projections, and a private tour of the completed villa and project site.

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Glenn Goodwin

Agent

(506) 8408-4860

View Bio

Glenn Goodwin is the co-owner and senior agent at The Nosara Real Estate Agency. Glenn’s story as a realtor began twenty years ago, when he sold his famous skateboard and snowboard shop in Canada and embarked upon a journey seeking out the world’s best surf and beach destinations. Along the way, Glenn settled in the Dominican Republic, Belize and elsewhere, all the while buying and selling real estate. But when Glenn landed in Nosara, he decided his search was over, as he had found a place dedicated to the perfect combination of surf, wellness, family and business. Glenn has been involved in every side of the real estate market - from buying property, to building condominiums and houses from scratch, to furnishing them, to selling them. With this vast experience, Glenn is an expert at finding great deals, closing them and conducting business in a razor sharp yet easy going way. And once the business day is done, you can find Glenn playing tennis on the red clay, driving his 1970 VW van to Playa Guiones for a surf or catching a sunset with his beautiful wife and dogs.

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