238-Acre Ocean View Development Land with Private Waterfall in Portalon

This expansive 963,151 m² estate in the Dominical region represents a rare acreage acquisition in the Portalon area, priced at USD 1295000. The property features a five-bedroom caretaker home already established on-site, serving as initial infrastructure while you develop the main estate. The land is characterized by large, naturally rolling ridges that provide optimal building sites for a primary residence and multiple guest casitas.

Natural water features define the landscape, highlighted by a large waterfall with a deep swimming hole, several smaller cascades, and a year-round stream running along the border. A natural spring originates at the highest elevation of the farm, providing a reliable gravity-fed water source. The property is rich in mature fruit trees and borders a dense virgin forest that attracts local wildlife, including the white-faced capuchin monkey and the scarlet macaw.

Infrastructure is highly accessible, with public road frontage providing end-of-the-road privacy, and electrical service located nearby. From a legal standpoint, buyers benefit from fee simple ownership rights. Annual property taxes are calculated based on the registered cadastral value of the land, while the standard closing bundle—including notary, registry, and legal fees—typically ranges from 2% to 4% of the purchase price, with transfer stamp taxes averaging around 1.5%.

Positioned in the Portalon area within the highly desirable Costa Ballena region, this massive 238-acre parcel offers a rare combination of absolute privacy and convenient accessibility. The property sits near Dominical, Puntarenas, Costa Rica, a laid-back surf village where the dense rainforest meets the Pacific Ocean, prized by buyers seeking authenticity over crowds. From this strategic location, residents can easily access the regional hub of Quepos, which hosts a national airport for quick domestic flights and a key regional hospital. The pristine, sandy shores of Matapalo and Playa Linda are just a short drive away, while the world-famous Manuel Antonio National Park is within easy reach for day trips. This unique microclimate features cool mountain breezes descending from the virgin forest canopy, creating a comfortable environment for those looking to buy property in Costa Rica.

The expansive acreage allows for a versatile lifestyle, whether you intend to establish a private family compound with multiple homes, develop an eco-resort, or cultivate a sustainable farm. The land features a caretaker home, several mature fruit trees, and borders a strong, year-round stream that rushes with the volume of a river. Nature lovers will appreciate the regular presence of local wildlife, including the white-faced capuchin monkey and the vibrant scarlet macaw, both of which thrive in this undisturbed biological corridor. Investors exploring real estate Dominical Costa Rica or searching for premium property Uvita options will find that this end-of-the-road acreage provides an unmatched canvas for development.

For international buyers acquiring Costa Ballena homes, Costa Rican law permits full fee-simple ownership for foreigners. When purchasing this property, buyers should anticipate a property transfer stamp tax of approximately 1.5 percent of the declared transaction value, with total closing fees—encompassing notary, registry, and legal stamps—typically ranging between 2 and 4 percent of the purchase price. Additionally, the ongoing annual property tax is calculated based on the registered cadastral value of the land rather than the market purchase price, making the holding costs for this expansive estate highly manageable over the long term.

Acquiring this 963,151-square-meter parcel in Portalon presents a rare institutional-scale land play at an entry point of just $1.34 per square meter ($1,295,000 total). This valuation sits well below the regional average for ocean-view acreage in the Dominical-Uvita corridor, offering a highly competitive basis for a developer or a private syndicate. The expansive acreage is ideal for a low-density master plan, a wellness resort, or a multi-villa family compound. Under Costa Rican law, foreign buyers enjoy secure, fee-simple ownership rights identical to those of local citizens, making this an excellent vehicle for capital preservation.

The transaction costs are highly predictable: buyers should budget between 2% and 4% of the purchase price to cover the complete closing bundle, which encompasses notary fees, registry filings, legal services, and the standard property transfer stamp tax of approximately 1.5%. Ongoing ownership costs remain exceptionally low, as annual property taxes are calculated directly from the registered cadastral value of the land rather than the market purchase price. With the infrastructure of Quepos—including a hospital and a national airport—just a short drive away, this end-of-the-road property represents a timely land-banking opportunity in a rapidly appreciating market. A buyer can secure residency-by-investment status through this purchase, while holding a highly liquid asset with multiple exit strategies, from parceling out individual ocean-view estates to executing a single-buyer conservation sale.

Acquiring this expansive 238-acre estate in Portalon provides North American buyers with the highest level of real estate security available in Costa Rica. The property is held under fee simple title, granting foreign investors the exact same constitutional ownership rights as local citizens. Because the purchase price comfortably exceeds the national investment threshold, securing this land establishes a direct pathway to legal residency for you and your family.

During the acquisition process, buyers should anticipate standard closing costs, which typically encompass notary fees, registration stamps, and legal transfers totaling between two and four percent of the purchase price. Once ownership is secured, the ongoing carrying costs are remarkably low. The annual property tax is calculated using a highly favorable system based on the registered cadastral value of the land, rather than the market purchase price, ensuring long-term financial sustainability for your private compound or eco-development.

Embracing the lifestyle of this coastal region means immersing yourself in a world where the rugged beauty of the rainforest meets the endless expanse of the Pacific. This unique corner of Costa Rica, stretching from the vibrant community of Dominical down through the scenic corridor of Portalon, attracts a specific caliber of visionary buyer. Here, the daily rhythm is dictated by the rising sun, the calls of exotic birds, and the soothing murmur of nearby waters. It is a place designed for those who seek to disconnect from the frantic pace of modern metropolitan life without sacrificing access to essential comforts. Living in this pristine environment allows you to cultivate a deep connection to the earth, whether you spend your mornings hiking through your private stands of virgin forest, harvesting fresh fruit from your own trees, or simply watching the changing colors of the ocean from a custom-designed overlook.

For the aspiring investor or family seeking to establish a multi-generational legacy, this location represents the ultimate blank canvas. The sheer scale of the acreage invites grand aspirations, whether that means designing a private eco-luxury sanctuary, a wellness retreat centered around the property's natural springs and waterfalls, or a sustainable family compound where multiple homesites coexist harmoniously with the native flora and fauna. This is an opportunity to secure a substantial foothold in one of the world's premier green frontiers, where the luxury of absolute privacy is matched only by the convenience of being a short drive from regional hubs, pristine sandy beaches, and protected national parks. Owning this land is not just an acquisition of real estate; it is a conscious decision to adopt a lifestyle of wellness, freedom, and unparalleled natural beauty.