Vista Bahia Resort and Beachfront Land in Gulf of Papagayo -Expandable 152 Units

Playa Panama, Sardinal, Guanacaste

  • US$ 15,000,000 For Sale
  • US$ 15,000,000 For Sale
  • 32 bathrooms
  • 72,000 m² Lot Size


  • Type: Commercial
  • ID: EB-QM8593
  • Age: 2013
  • Bathrooms: 32
  • Agent: Palm RE Sales


Punta Vista Bahia in the Gulf of Papagayo offers an exceptional investment opportunity in one of Costa Rica’s prime locations. This beachfront property is nestled in the southern peak of Playa Panamá, providing unmatched access to nature and luxury.

Beach Frontage:
Approximately 148 meters of private beach access, with a secluded beach known as Playa Chorotega, accessible only through the property or by boat. The property also has access to Playa Panamá, where 5-star El Mangroove Marriott Autograph Collection Hotel is located. Scenic roads lead to this oceanfront paradise, boasting one of the calmest bays in the Papagayo Gulf region, perfect for aquatic activities. The beach is just 15 minutes from Playas del Coco and provides easy access to many popular attractions in the region.

Total Area: 72,000m² (17.80 acres)
Current Development: 32 resort hotel units, each 645 sq. ft.
Approved Master Plan: Expansion for a total of 152 units, including 100 additional units and 20 commercial spaces
Total INVU Approved Construction Units Area: 163,821 sq. ft.
Sales and Design Flexibility: The property allows for the sale and merging of units, with high-end design options. Purchasers can access a beach club and luxury amenities.

Key Features:
Pier and Marina Potential: An additional 25,000m² (6.18 acres) of land and numerous acres of water are available. The boat docks can accommodate 49 small boats (5-15 meters). Environmental studies by ICT and CIMAT have confirmed the absence of coral. This location offers a rare opportunity to build a significant pier and small craft marina, integrated with the resort and public beaches of the Playa Panamá community. Preliminary approval has been received, with final approval pending a marine survey and formal report to government tourist authorities.

Casino Approval: The casino was approved by ICT many years ago and is included in the Phase II development plans. All documentation is available in the administrative files.

Prime Location:
Just a 25-minute drive from Daniel Oduber Quirós International Airport in Guanacaste (LIR), Playa Panamá is widely recognized among international and local residents. The Papagayo area hosts prestigious resorts such as the Four Seasons, Ritz Carlton, Andaz, Mangroove Marriott, Occidental Grand Papagayo, and the new Waldorf Astoria resort scheduled to open at the end of 2024, as well as numerous luxury homes and properties.

Family-Friendly Beach Town:
Playa Panamá is a vibrant, family-friendly beach town, perfect for land and sea adventures, offering calm waters for kayaking, snorkeling, or scuba diving.

Prime Vacation and Retirement Destination:
Costa Rica is consistently recognized as a top vacation destination and a premier location for retirement. The Guanacaste area dominates the tourism industry due to its breathtaking beaches, striking mountain landscapes, and strategic proximity. The country is also known for its eco-tourism and medical tourism, attracting visitors seeking sustainable travel experiences and high-quality healthcare services. The Papagayo area continues to expand, offering lucrative business opportunities for investors, developers, and hotel operators.

Inquire for the INVU approved master plan and additional information, or to schedule a visit. This is a rare and exclusive opportunity for high-end developments, discerning investors, and hotel chains in the flourishing Papagayo area.

The seller is open to cooperation with any developer, investor, or hotel chain, and ample material is available to support the development of this property.


  • Beachfront
  • Oceanview


Playa Panama, Sardinal, Guanacaste