We Found 20 More Reasons to Wear Tank Tops and Walkaround in Flip-Flops.

Someone Went and Built a Bunch of Really Nice Houses in Coco

Okay, we have a confession to make. We may have found another place in Costa Rica where you could potentially spend the rest of your life wearing flip-flops.

Tank Tops Flip Flops Newsletter edition no. 253

Actually, scratch that. We found 20 of them.

They’re called La Caleta, they’re brand new, they’re inside Coco Bay Estates, and the two-bedroom versions start at $449,000.

And before you start thinking, “Yeah, yeah… another Costa Rica development with a bunch of pretty pictures and a swimming pool,” stick with us for a minute.

Because this one is pretty interesting.

First Things First: They’re Brand New or Can Be Built Brand New For You.

Ocean Views, Flip Flops & Cash Flow: Why Papagayo Ocean View Homes Keep Winning

If you have ever been to the Papagayo Region of Costa Rica, you understand that the ocean views along this stunning coastline are among the absolute best in the world. If you have been fortunate enough to stay in or own a home that enjoys one of these spectacular ocean views, then you already know what all the fuss is about. Just 20 to 30 minutes from touchdown at Guanacaste International Airport (LIR), you will find yourself in the exclusive beach communities of Playa Hermosa, Playas del Coco, Playa Panama, and Ocotal. Together, these beaches form the crown jewel of the Papagayo Region and offer those fortunate enough the opportunity to enjoy breathtaking ocean views from a select number of homes perched above the coastline.

Tank Tops Flip Flops Newsletter edition no. 250

Without a doubt, an ocean view home is the most desirable type of rental property in the Papagayo area. Ocean view homes are the most valuable assets along the coastline and are expected to continue appreciating in value while simultaneously generating excellent rental income. Few real estate investments in the region can match the long-term appreciation potential of a quality ocean view property. We are rapidly running out of unbuilt ocean view lots within the four-beach Papagayo area, and inventory of existing ocean view homes remains limited. As available properties become increasingly scarce, values are expected to continue rising while demand from vacation renters and luxury monthly tenants continues to grow. Further contributing to the rental supply shortage is the increasing trend of ocean view homeowners choosing not to rent their properties when not in residence, or electing to rent only a limited number of weeks each year at substantially higher rates, often packaging premium amenities and curated experiences with the rental.