Playa Flamingo · Guanacaste
23E : Phase Two Senderos Homesite - Tamarindo, CR
Lots · 1,541 m² lot
$440,000
View broker listing ↗via Flamingo Beach Realty · land asking
Land · build scenario
Hidden gem — quiet ask vs nearby proven STR earners. 4 superstar rentals within 600 m at ~$202k median · 77% below neighbor-implied value.
We're not perfect — we're working to make these numbers as accurate as possible. Spot an error, or have an idea? Let us know.
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Strong build yield with ~21% equity vs buying finished.
At $1,132,000 all-in (4BR premium) it clears our 10% benchmark.
Low, weighted, and high are adjusted comparable rentals — not probability forecasts.
Walk-to-beach lot — headline uses walk/beach-access comps (apple-to-apple).
Our pick · 4BR premium · ~13% gross · $1.1M all-in · Walk to the beach · Pool · Air conditioning
Stress-test →Hide
Walk-to-beach lot — headline uses walk/beach-access comps (apple-to-apple).
Land ~$286/m² — premium finish floor at this land basis.
Premium build · ~300 m² villa (75 m²/bd) · residential lot → 75% max coverage → buildable up to ~1,156 m² (about 15 BR at this tier/floors). This 4BR footprint fits.
All-in cost to build
≈ $3,773/m² all-in (incl. land).
Edit assumptions (plug in real contractor quotes)
Feasibility scenario — not a contractor quote
- •Construction uses our in-house team's ~$1,600/m² premium rate (shell + finishes; pool/landscaping & permits are added separately). Typical local quotes run $1,200–2,400/m². Final cost still depends on the confirmed scope.
- •Assumes a ~14-month build with no rental income during construction; excludes land-carry, financing and price escalation.
- •Flamingo beachfront includes ZMT concession land — verify the folio real.
- •Few or scattered nearby comps behind the revenue estimate — lower confidence.
- •Water availability (ASADA letter) and utilities can make or break a build — verify before you buy the lot.
Story
Is it for you?
Patient capital building equity — design-build or JV, not move-in cashflow.
Move on if you need rental income on day one.
Good to know
- Few or scattered nearby rentals behind this build scenario — lower confidence.
- Recipe gaps vs local winners: Gym / fitness.
- Build scenarios use market-level revenue anchors — re-run at the lot pin on the report.
Check before you offer
- Confirm registered fee-simple title (folio real), free of liens.
- Confirm a legal water supply (AyA or ASADA letter / carta de agua) — no water letter, no deal.
- If anything is already built on the lot, confirm permisos de construcción cover it — unpermitted work can block closing.
- Verify buildable footprint, coverage rules, access, and ZMT status with the municipality.
- Get real contractor quotes before trusting any yield-on-cost figure.
Go deeper: Comps & math · Live & rent · Photos · Check before you offer · Site & legal. Automated check — verify list price, title, water, and building permits before an offer. More like this on the map →
Next steps
Automated screen — open Check before you offer for what still needs a human double-check before you wire. Want me in the loop? Deal Desk builds a shortlist around homes like this.