Malpaís Beachfront Development Opportunity - Malpaís, Santa Teresa, Alajuela Province

Set directly on the beach in Malpaís and just minutes from the center of Santa Teresa, this beachfront property offers a combination of coastal access, existing infrastructure, and future development potential. With open ocean views and direct access to the sand, the land is well positioned for a range of uses that balance lifestyle and investment considerations in one of the Nicoya Peninsula's established coastal areas. The property currently includes a purpose-built event space oriented toward the ocean, suitable for private gatherings and small-scale hosted experiences. A swimming pool complements the outdoor area, creating a functional and social focal point. A refurbished Airstream has been adapted into a fully equipped commercial kitchen, adding operational flexibility and supporting the site's current use. In addition to its existing configuration, the property benefits from approved permits to construct a residential home. This allows a future owner to develop a private beachfront residence, expand into a boutique hospitality concept, or combine personal use with income-generating activities. Residential zoning permits up to 40% site coverage with a maximum height of seven meters, offering design flexibility while maintaining a low-profile coastal presence. Malpaís is known for its quieter, more understated atmosphere compared to neighboring Santa Teresa, while still remaining closely connected to its dining, surf, and services. The area attracts a mix of long-term residents, surfers, and international visitors drawn to its natural setting, unpaved roads, and strong connection to the landscape. Together, Malpaís and Santa Teresa form one of Costa Rica's most established beach communities in the country. This offering presents a well-located beachfront asset with existing use, development rights, and long-term relevance in a coastal market where direct oceanfront properties are increasingly limited.