1 / 15This premier oceanfront estate in the Garabito canton represents a rare, high-yielding acquisition opportunity in the heart of Jacó. Positioned directly on the sand where the Pacific waves meet the shore, this landmark property spans 1,619.87 square meters of highly coveted beachfront land. The expansive estate features 1,550 square meters of high-tech construction, thoughtfully distributed across multiple structures to maximize guest privacy and operational efficiency. The main four-story building houses 47 fully furnished guest accommodations, which are categorized into six luxurious suites, three spacious apartments, sixteen superior rooms, twenty standard rooms, and two economy units.
Guests can transition seamlessly from the beach to the oceanfront swimming pool, or dine at the acclaimed on-site restaurant, Vista Mar, which serves specialized Peruvian cuisine to both residents and the public. A dedicated two-story building contains the restaurant, a pool-side lounge, and a 250-square-meter event hall equipped with expansive windows overlooking the ocean, a private bar, and a viewing balcony. Offered at USD 8,000,000, this fully operational hospitality asset includes an administrative office building and $100,000 in high-end furniture, equipment, and IT systems. The property can be maintained as a high-occupancy resort or easily reimagined as a private boutique estate, offering an unparalleled footprint in Costa Rica's most vibrant coastal market.
This prime beachfront commercial property in the Garabito canton spans a land size of 1619.87 m² and features 1550 m² of high-quality construction. Built using advanced structural technology, the estate is configured as a multi-building hospitality complex. The four-story main building houses the guest accommodations, which comprise 47 bedrooms divided into suites, apartments, superior rooms, and standard quarters. A dedicated administrative building handles operations, while a separate two-story structure contains the oceanfront restaurant and an expansive event hall.
The interior highlights include the Vista Mar Restaurant, which features a fully equipped commercial kitchen specializing in Peruvian cuisine. The event hall spans approximately 250 m² and is designed with large windows facing the beach, a private bar, a balcony, and two double bathrooms. Outdoor amenities center around a beachfront swimming pool and terrace area directly facing the sand and surf of Jacó Beach.
Offered at USD 8000000, this real estate acquisition is subject to standard Costa Rican transaction fees. Buyers should budget for the property transfer stamp tax, which generally equals about 1.5% of the declared value. The complete closing bundle—encompassing notary fees, registry charges, stamps, and legal services—typically ranges between 2% and 4% of the final purchase price. Additionally, ownership is subject to an annual municipal property tax calculated directly from the registered cadastral value of the estate.
This beachfront property is situated in the vibrant coastal hub of Jacó, a prominent destination within the canton of Garabito, Puntarenas, Costa Rica. For North American buyers looking to buy property in Costa Rica, this location offers an exceptional balance of active coastal living and established infrastructure. Positioned directly on the sand, the estate provides immediate access to the Pacific Ocean, while remaining steps away from the central commercial strip of Jacó, which features a diverse selection of restaurants, shops, and evening entertainment. This micro-location is highly accessible for those seeking Costa Rica real estate for Americans and Costa Rica homes for Canadians, as Garabito is one of the closest beach destinations to the capital city of San José and Juan Santamaría International Airport, making travel straightforward for international visitors and remote investors alike.
As a premier destination for expat real estate Costa Rica, the local community supports a thriving tourism economy and a diverse international population. The region is characterized by a warm, tropical climate that attracts visitors year-round, sustaining a robust market for vacation rentals, corporate retreats, and private events. Beyond the local appeal of Garabito, Puntarenas, Costa Rica, purchasing this type of commercial asset fits into the broader legal framework of the country. Foreign buyers enjoy the security of fee simple ownership rights, which are identical to those of Costa Rican citizens, though specialized maritime zone regulations apply to beachfront concessions. When acquiring this property, buyers should account for standard transaction costs, which include a property transfer stamp tax of approximately 1.5% of the declared transaction value, alongside a comprehensive closing bundle covering notary, registry, and legal fees that typically totals between 2% and 4% of the purchase price. Additionally, owners are subject to an annual property tax calculated on the registered cadastral value of the estate. This established legal structure, combined with the high-density zoning of central Jacó, makes the property an ideal vehicle for those looking to secure a significant footprint in the competitive Costa Rican hospitality market.
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This institutional-grade hospitality asset presents a calculated entry point into the Central Pacific tourism corridor, priced at $8,000,000. With 47 existing guest keys and 1,550 square meters of construction on a 1,619.87-square-meter parcel, the acquisition cost reflects prime beachfront real estate in a high-density zone. The property operates at a 56% average occupancy rate, leaving clear operational upside to increase occupancy by up to 50% through targeted management or by transitioning the property into a boutique hotel concept. Immediate cash flow is supported by established relationships with over 50 travel agencies, including 10 long-term national and international partners, alongside an active vacation installment plan that has already secured $500,000 in realized sales.
The ideal buyer is an institutional investor or a hospitality group looking to leverage the existing infrastructure, which includes the Vista Mar Restaurant, a 250-square-meter event hall, and $100,000 in furniture, equipment, and IT systems. Buyers should note that the property carries an active $2,430,000 mortgage with Banco Nacional de Costa Rica, with the remaining balance required in cash. Transaction costs include a property transfer stamp tax of approximately 1.5% of the declared value, with the total closing bundle—covering notary, registry, legal fees, and stamps—typically ranging between 2% and 4% of the purchase price. Ongoing ownership incurs an annual municipal property tax calculated on the registered cadastral value. This transaction offers foreign buyers fee-simple ownership rights, providing a secure exit strategy in a highly liquid secondary market for coastal commercial assets.
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Acquiring this premier beachfront hotel in Jacó involves a straightforward legal process, as Costa Rican law grants foreign buyers the same fee-simple ownership rights as local citizens for registered real estate. Because this is a high-rise beachfront property, ownership structure details regarding the maritime zone are handled through standard legal transfers, often utilizing a corporate entity structure.
Purchasing this eight-million-dollar commercial asset easily qualifies the buyer to apply for Costa Rican residency under the country's investor program, which welcomes significant capital investments. During the transaction, buyers should anticipate total closing costs—encompassing notary fees, property registry charges, legal services, and government stamps—to range between two and four percent of the final purchase price. Additionally, the property transfer stamp tax typically accounts for about one and a half percent of the declared transaction value. Ongoing ownership carries a modest annual municipal property tax calculated directly from the registered cadastral value of the land and its three thousand square meters of construction.
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For the visionary investor, acquiring a premier oceanfront asset in Garabito, Puntarenas, represents the ultimate realization of tropical lifestyle aspirations and commercial prestige. Situated in the heart of Jacó, this location captures the energetic essence of Costa Rica’s most accessible coastal playground, where the lush rainforest meets the dramatic tides of the Pacific. Buyers seeking a high-yielding legacy property are drawn to this unique stretch of coastline, where the daily rhythm is defined by world-class surfing, golden sunsets, and a sophisticated, multicultural community. Operating a prominent hotel here means embedding yourself in a thriving tourism ecosystem that attracts affluent North American travelers, international surf enthusiasts, and weekend visitors from the capital. The lifestyle is one of effortless transition between high-stakes hospitality management and laid-back beachside luxury, where you can step directly from your executive office onto the warm sand. Owning a landmark multi-story resort in downtown Jacó elevates an investor’s portfolio, signaling a commanding presence in Central America’s most resilient hospitality market. This destination seamlessly blends the raw, natural beauty of Puntarenas with modern urban conveniences, offering a vibrant nightlife, boutique shopping, and gourmet dining right at your doorstep. For the discerning buyer, this is more than an acquisition; it is an entry into an elite circle of coastal developers and hoteliers who shape the tourism landscape of Costa Rica, capitalizing on the region's consistent year-round demand while enjoying the incomparable personal reward of owning a front-row seat to the Pacific Ocean.
Garabito, Puntarenas
Principal broker
In Costa Rica since 2004
