Ocean View Development Opportunity In Hacienda Del Mar
Located within Hacienda Del Mar, this 6,500 m² ocean view lot near Papagayo, Costa Rica presents a rare opportunity to acquire development-ready land in one of Guanacaste’s most desirable coastal regions. Positioned in Playa Panamá with elevated views and exceptional accessibility, Lot 8 combines premium location, existing infrastructure, and multiple development paths.

Directly in front of the Peninsula Restaurant & Sunset Club, the property offers immediate access to one of the area’s most celebrated sunset and dining experiences while remaining minutes from beaches, golf, and the amenities that continue to drive demand throughout the Papagayo region.

What makes this opportunity especially compelling is the inclusion of 10 existing water concession letters, allowing for the development of a condominium project, a boutique residential community, or subdivision into premium ocean view homesites.

Ocean view development opportunities with secured water availability and proximity to Papagayo are becoming increasingly limited, making Lot 8 a compelling option for investors and developers seeking long-term value in Costa Rica.
👉 To learn more about real estate in Bahia Papagayo (Playa Panama area) check out our community guide page. 

Build For Investment, Build For Lifestyle
What makes Lot 8 especially compelling is its flexibility and readiness for development.

The property includes 10 existing water concession letters, creating the opportunity to develop:

A 10-unit condominium project
 A boutique residential community
 Or subdivide into 3 ocean-view residential lots for luxury single-family homes

This level of infrastructure readiness and development potential is becoming increasingly difficult to find in premium coastal communities across Guanacaste.

Whether your vision is to create a luxury residential offering, hold a long-term investment asset, or build your own private retreat overlooking the bay, Lot 8 provides a strong foundation.

Enjoy The Best Of Playa Panamá
Owners enjoy access to the lifestyle and amenities that make Hacienda Del Mar one of the region’s most desirable addresses.

Within the community:

Peninsula Restaurant & Sunset Club
 Tennis courts
 Secure gated access
 Underground infrastructure

Nearby:

Hacienda Del Mar Beach Club
 Calm waters of Playa Panamá
 Fishing, snorkeling, jet skiing & water activities
 World-class golf courses
 Shopping, healthcare & everyday conveniences
 Approximately 20 minutes to La Paz Tempisque Campus
 Approximately 45 minutes to Liberia International Airport

Contact Terra Azul Real Estate
Gonzalo Huarcaya | Owner & Broker

Gonzalo Huarcaya | Owner & Broker
Toll Free: +1 (877) 508-7720 | Office: + 506 8650-2390
WhatsApp: +(506) 8973-7290
Email: [email protected] 
At Terra Azul Real Estate, we’re proud to offer premier Costa Rica Real Estate. Our portfolio includes beachfront condos, luxury homes, development land, and investment properties along the Gold Coast.

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