Nine income-producing units on 5,639 m². One operator, four years of platform receipts, and a net yield that most of Guanacaste cannot print.
Most Guanacaste listings sell a lifestyle and hope the rental math works out. This one already has an operating history: nine units, multiple booking channels, and an owner who has run it as a business since 2014. Every figure below is labelled with where it comes from.
This is not a pro-forma. It is the payout total from the owner's Airbnb host account: money actually received, after Airbnb's fees, over roughly four years of operation.
An average of roughly $112,000 per year, collected while only four of the nine units were listed for most of the period. The fifth house was not a listing decision: it was still being built, and only completed twelve months ago.
A buyer is underwriting a fraction of the actual business. Here is exactly which part.
The property does not require one strategy. Below are the three the current owner has actually modelled, including the one he says he would choose himself.
Continue the existing Airbnb, Booking.com and direct-booking operation with the systems and staff already in place.
Owner-stated figures, rounded. Net is after income tax, management commissions and utilities.
The five Mar Blau houses running a complete twelve months together, a configuration that has only existed for one year so far.
The owner's own projection for the first full year with all five houses online.
The owner's stated preference if he were buying it today: put every house on an annual lease, drop operating costs sharply and stop managing turnovers.
"You earn less, but you forget about Airbnb and all that work." Rents quoted for the five two-bedroom houses only; the four one-bedroom units are on top and not yet priced.
Move the sliders. No appreciation, no leverage, no exit assumptions. Just what the asset returns in cash against what you pay for it.
Straight-line cash return on the figures you set. Excludes financing, closing costs, capital expenditure, currency effects and any change in occupancy. Scenario C is a gross figure and carries materially lower operating costs than A or B.
The property splits into two distinct rental products that sell to two different guests: private-pool houses for families and couples, and a boutique cluster for solo travellers and longer stays. Neither is ageing stock: the five houses were built new in phases between 2021 and 2025, and the four original units were fully renovated in 2022.
Five standalone homes, each with its own private pool, outdoor BBQ rancho, garden, air conditioning, WiFi and dedicated parking. Built new in phases: the first started five years ago, the last completed twelve months ago. These are the units carrying the Airbnb record, and the owner targets $30,000–$40,000 gross per house per year.
Four self-contained units arranged around a communal pool in a relaxed, boutique-style layout. The original 2014 construction, taken back to renovated condition in 2022. Largely absent from the Airbnb figures above, they have been used for long-term tenancies and other purposes, which is where a good part of the unpriced upside sits.
The compound reached its finished form twelve months ago. Every trailing income figure on this page was earned by an incomplete version of it.
Beachfront land in Guanacaste does not produce a 15% net yield. Matapalo does, because the land basis is low while the guest is still twelve minutes from Playa Grande and sits inside the Tamarindo–Flamingo demand corridor, with five separate beach towns all within a twenty-five minute drive.
Tropical gardens, resident wildlife and mountain views on 5,639 m²: the reason guests rebook, and the reason five separate private pools work on one title.
I'll show you the whole compound in person and put you directly with the owner, who has run it since 2014 and can take you through how the operation actually works.