Costa Rica Real Estate Service Exclusive Property Listing
Palacio Tropical Exclusive Luxury Home Located on Rare Titled Beachfront Land in Costa Rica
We are pleased to introduce you to Palacio Tropical, an extremely rare opportunity to own a spectacular luxury home located on titled beachfront property in Costa Rica. Only 3% of beachfront property located in Costa Rica has a transferable title. The other 97% of property located inside of the “Maritime Zone” is “Concession Property” leased by the Costa Rican government usually on 20-year renewable terms. The fact that this home is located on a titled beachfront property means that you can own it for life, you do not have to renew the concession, and you can transfer ownership to your heirs. This alone makes Palacio Tropical a fantastic investment asset that stands out among most other properties in Costa Rica.
Palacio Tropical is what the Spanish name suggests! No expense was spared during the design, construction, and furnishing stages. One of Costa Rica’s finest architects, Omar Bonilla, was hired to maximize the advantages of the oceanfront location. After 6 months of design, construction began utilizing a crew of over 80 workers and craftsmen hired from all over Central America. After a full year of construction, an interior design firm from Hilton Head Island, South Carolina was given a budget of over $250,000 and tasked with furnishing the home. From the exotic hardwood tables to the high-end fixtures, the feeling inside Palacio Tropical is of pure quality and comfort.
Boasting an impressive 8,034 sq.ft. of construction, this property features a main home with seven (7) master bedrooms with seven (7) ensuite bathrooms, a 2 bed / 2 bath caretaker’s apartment with a full kitchen and a private entry, two (2) living areas, two 1/2 baths, a home theater, a spacious dining room with 14 person table, and a gourmet chef’s kitchen.
A Magnificently Crafted Home Designed for Large Special Events and Luxury Living on the Beach
Upon arriving at the front door, you are greeted by a dramatic teak bridge entry, accented with a waterfall fountain, surrounded by an array of vibrantly colored tropical plants including fruit-bearing papaya and banana trees. This flows into an impressive living room with an ocean view dining area and an outdoor balcony overlooking the pool and down towards the beach. With stucco walls, a tiled roof, and traditional furnishings, Palacio Tropical takes its inspiration from sophisticated Mediterranean villas. Wrought-iron chandeliers, a spiral staircase, and terracotta floors are an elegant backdrop for the living room’s inviting leather and fabric armchairs. The dining room’s brick ceiling and upholstered chairs are an ideal spot for formal family dinners, while island seating in the gourmet kitchen is ideal for a quick snack.
The gourmet kitchen was recently remodeled in 2021 with new granite countertops and custom-made wood cabinetry. Designed to accommodate the requirements of weddings, family reunions, and special events, the kitchen includes a spacious walk-in pantry with multiple refrigerators and ample storage. Located on the deck off of the kitchen is a gas stainless steel BBQ for outdoor grilling. To best serve guests lounging by the pool, there is a private stairway that leads from the back of the kitchen directly down to the pool deck – a perfect setup for hosting events and outdoor entertaining.
The home has a wonderful indoor/outdoor flow with multiple direct access points to the pool area from either of the two lower bedroom suites and a grand entertainment room. Each suite in the house includes a full bathroom with a whirlpool tub, TV, air conditioning, excellent Wi-Fi service, and large windows providing warm natural light and stunning whitewater ocean views. The upper suites feature ocean-view balconies with comfortable lounges. Vaulted ceilings with custom brick inlay complement the luxury finishings and feel of each suite.
The outdoor spaces at Palacio Tropical are centered around the pool with a focus on the ocean views. At all times you are listening to the waves crash on the beach. Multiple varieties of bougainvillea and other flowering plants surround the area providing a private setting with a tropical feel. Native beach almond trees growing at the edge of the pool deck are a favorite food source for the frequently passing Scarlet Macaws.
A pool bar and a large 14-person outdoor dining table allow for poolside dining and entertainment while the oversized cushioned lounge chairs are positioned around the pool and the lower ocean view deck providing comfort for ultimate relaxation. A private path from the pool deck provides direct access to a secluded beach that extends for over 2 miles.
A Premier Income-Producing Beachfront Investment Property in Costa Rica
Palacio Tropical was built like a fortress, designed to withstand the corrosion that can naturally occur in a salty oceanfront environment. Constructed of solid concrete, internal steel enforcement, and hardwood finishings, this home remains in excellent condition today. The current owner has also added new renovations to the original home:
- New Tiles on the entire roof 2021
- Kitchen Remodel 2021
- Stucco refinishing 2021-2022
The property is located at the tip of the Nicoya Peninsula, just outside the tranquil town of Tambor. The beach located in front of the home is spectacular and uncrowded. Beaches located closer to Tambor receive more visitors while this beach is left mainly for the private homeowners or vacationers renting in this quaint community. From the villa, it’s a 2-minute walk to the Tango Mar resort where guests will have access to tennis courts, a golf course, exercise facilities, a restaurant, and a grocery store. The Barcelo casino and resort is 7 miles from Palacio Tropical, and the town of Tambor and its local regional airport is only 10 minutes by car.
Living on-site is a local full-time caretaker who speaks English and helps guests in the coordination of meals cooked by the chef, adventure tours, and supplies from the supermarket. He can pick guests up from the airport, arrange car rentals, and is also known to make some delicious margaritas!
This is a spectacular offering listed at a very fair asking price. Given the home’s titled beachfront location, the resort-style amenities, and its proximity to local attractions, this property will serve as an excellent real estate investment that will maintain its value while producing a very solid rental income. Selling completely turnkey ready, Palacio Tropical is ready to produce for you right away.