How much does real estate cost in Guanacaste?

Authored by the expert who managed and guided the team behind the Costa Rica Property Pack

Yes, the analysis of Guanacaste's property market is included in our pack

Who is the author of this content?

THE LATINVESTOR

A team specialized in real estate investing in LATAM countries

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Guanacaste. If you'd like to learn more about us, you can check our presentation page.

How this content was created 🔎📝

At The LatinVestor, we explore the Costa Rican real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in cities like Tamarindo, Nosara, and Sámara. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

What's the average price per square meter for residential property in Guanacaste?

Residential property prices in Guanacaste range from $1,530 to $2,896 per square meter as of September 2025.

Houses typically cost between $1,530 and $2,221 per square meter in mid-range areas. These properties are usually located away from the immediate coastline but still within reasonable distance to beaches and amenities.

Apartments and condominiums command higher prices at approximately $2,896 per square meter, particularly in premium coastal areas like Tamarindo and Nosara. The higher cost reflects better infrastructure, shared amenities like pools and security, and prime locations.

Location significantly impacts these prices, with properties closer to popular beaches and tourist areas commanding premium rates compared to inland residential developments.

It's something we develop in our Costa Rica property pack.

What's the average price per square meter for commercial property in Guanacaste?

Commercial properties in Guanacaste typically range from $2,000 to $3,500 per square meter in premium zones, with some prime retail and hospitality locations exceeding these ranges.

Prime beachfront commercial spaces and tourist-oriented retail locations command the highest prices, often reaching $3,500 per square meter or more. These properties benefit from high foot traffic and tourism exposure.

Urban commercial properties in towns like Liberia or Nicoya fall within the $2,000 to $3,000 per square meter range. These locations offer good access to local markets and transportation infrastructure.

Less desirable or inland commercial sites are significantly cheaper, sometimes dropping below $2,000 per square meter. These properties may require more investment in marketing and accessibility improvements.

Commercial property prices generally track residential prices in urban and beachfront areas, with additional premiums for high-visibility locations.

What's the typical total purchase price for a two-bedroom house in Guanacaste?

Two-bedroom houses in Guanacaste typically cost between $180,000 and $300,000 for mid-range properties, with beachfront or prime location homes reaching $500,000 or more.

Standard two-bedroom houses in inland or less touristy areas start around $180,000. These properties offer good value for families or investors looking for affordable entry points into the Guanacaste market.

Mid-range two-bedroom houses in desirable areas like Sámara or near popular beaches typically cost between $250,000 and $300,000. These properties often include modern amenities and are within walking distance or short drives to beaches.

Premium two-bedroom houses in prime beachfront locations or luxury developments can exceed $500,000. These properties feature high-end finishes, ocean views, and exclusive amenities.

The wide price range reflects the significant impact of location, with proximity to beaches and tourist infrastructure being the primary price drivers.

What's the typical total purchase price for a three-bedroom house in Guanacaste?

Three-bedroom houses in Guanacaste range from $250,000 to $450,000 for standard properties, with luxury or prime area homes starting at $500,000 and going much higher.

Location Type	Price Range	Typical Features
Inland/Rural	$250,000 - $350,000	Larger lots, basic finishes, local access
Town Centers	$300,000 - $400,000	Modern amenities, good infrastructure
Near Beach	$350,000 - $450,000	Walking distance to beach, tourist amenities
Beachfront	$500,000+	Ocean views, premium finishes, gated communities
Luxury Developments	$750,000+	High-end finishes, golf courses, exclusive amenities

What's the average price range for beachfront land per square meter in Guanacaste?

Beachfront land in Guanacaste costs between $2,500 and $5,000 per square meter, representing some of the most expensive real estate in Costa Rica.

Prime beachfront lots in popular areas like Tamarindo, Nosara, or Playa del Coco command prices toward the upper end of this range. These locations offer immediate beach access, established tourism infrastructure, and strong rental potential.

Less developed beachfront areas or beaches with limited access may fall toward the lower end of the range around $2,500 per square meter. These properties often require additional investment in access roads or utilities.

Beachfront land prices have remained stable and shown appreciation potential due to Costa Rica's environmental protection laws that limit new coastal development.

The high cost reflects both scarcity and strong demand from international buyers seeking vacation homes or investment properties with ocean access.

What's the average price range for inland land per square meter in Guanacaste?

Inland land in Guanacaste ranges from $200 to $800 per square meter, offering significantly more affordable options compared to beachfront properties.

Rural or less accessible inland parcels start around $200 per square meter. These properties may lack immediate access to utilities or paved roads but offer opportunities for agricultural use or future development.

Inland land with good road access and proximity to towns typically costs between $400 and $600 per square meter. These properties often have access to electricity and water infrastructure.

Premium inland locations near popular areas or with mountain views can reach $800 per square meter. These properties combine affordability with attractive features like privacy and natural settings.

The wide price variation reflects differences in accessibility, utilities, topography, and distance from population centers and tourist areas.

What are the average monthly rental prices for a furnished two-bedroom apartment in Guanacaste?

Furnished two-bedroom apartments in Guanacaste rent for $900 to $2,200 per month, with significant variation based on location and tourist appeal.

Tourist towns like Sámara and Playa del Coco typically fall on the lower end of this range, with furnished two-bedroom apartments renting for $900 to $1,400 per month. These areas offer good value for long-term renters.

Popular destinations like Tamarindo and Nosara command higher rents, typically $1,500 to $2,200 per month for furnished two-bedroom apartments. The premium reflects higher tourism demand and more extensive amenities.

Seasonal fluctuations significantly impact rental prices, with peak tourist seasons (December through April) commanding 20-30% higher rates than low season periods.

It's something we develop in our Costa Rica property pack.

What are the average monthly rental prices for a furnished three-bedroom house in Guanacaste?

Furnished three-bedroom houses in Guanacaste rent for $1,300 to $3,000 or more per month, with wide variation depending on location, luxury level, and beach proximity.

Standard three-bedroom houses in less touristy areas typically rent for $1,300 to $2,000 per month. These properties often feature basic furnishings and are located inland or in smaller communities.

Houses near popular beaches or in gated communities command $2,000 to $3,000 per month. These properties typically include modern amenities, quality furnishings, and access to shared facilities like pools or security.

Luxury three-bedroom houses with ocean views, premium furnishings, and exclusive locations can exceed $3,000 per month. These properties often target high-end vacation rental markets.

The rental market remains strong due to consistent demand from tourists, expats, and seasonal residents seeking comfortable accommodations.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Costa Rica versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

What's the typical cost to build per square meter in Guanacaste, including labor and materials?

Construction costs in Guanacaste range from $1,011 to $1,320 per square meter for standard builds, with luxury construction reaching $1,800 to $2,500 or more per square meter.

Construction Type	Cost per m²	Typical Features
Basic Construction	$1,011 - $1,150	Concrete block, basic finishes, standard fixtures
Standard Construction	$1,150 - $1,320	Quality materials, good finishes, modern systems
Premium Construction	$1,500 - $1,800	High-quality materials, designer finishes, energy efficiency
Luxury Construction	$1,800 - $2,500+	Premium materials, custom design, high-end fixtures
Ultra-Luxury	$2,500+	Import materials, custom everything, smart home systems

What's the average annual property tax cost for a home valued at $200,000 in Guanacaste?

A home valued at $200,000 in Guanacaste typically pays $500 per year in property taxes, based on the standard 0.25% tax rate.

Costa Rica's property tax system uses a flat rate of 0.25% of the declared or assessed property value for all standard residential properties. This rate applies consistently across Guanacaste and the rest of the country.

Property taxes are calculated based on the municipal assessed value, which may differ from market value. The assessment typically occurs when properties are first registered or when significant improvements are made.

Property owners can pay taxes annually or in quarterly installments. Prompt payment often qualifies for small discounts, while late payments incur interest and penalties.

The relatively low property tax rate compared to many countries makes Guanacaste attractive for international property owners seeking affordable ongoing costs.

What's the average annual property tax cost for a home valued at $500,000 in Guanacaste?

A home valued at $500,000 in Guanacaste faces annual property taxes of $1,250 to $2,500, depending on whether the luxury tax applies.

The base property tax rate of 0.25% results in $1,250 annually for a $500,000 home. However, properties valued above approximately $250,000 may be subject to an additional "solidarity" or luxury tax.

The luxury tax adds another 0.25% to the total tax rate, bringing the combined rate to 0.5% for qualifying properties. This would result in $2,500 annual property taxes for a $500,000 home.

The luxury tax threshold and rates are subject to periodic adjustments by the Costa Rican government. Property owners should verify current rates and thresholds with local tax authorities.

It's something we develop in our Costa Rica property pack.

What's the average closing cost percentage for a property purchase in Guanacaste?

Closing costs for property purchases in Guanacaste typically amount to approximately 4% of the purchase price, covering taxes, legal fees, and transaction costs.

1. Transfer tax (approximately 1.5% of property value)2. Legal fees (typically 1-1.5% of purchase price)3. Notary fees (usually 0.5-1% of property value)4. Registration fees (approximately 0.5% of purchase price)5. Title search and due diligence costs (flat fees varying by complexity)

Buyers and sellers often negotiate who pays specific closing costs, though buyers typically bear the majority of these expenses. Some sellers may agree to split costs or pay certain fees as part of purchase negotiations.

Additional costs may include survey fees, environmental assessments, and corporation setup costs if purchasing through a Costa Rican entity. These can add another 0.5-1% to total closing costs.

Working with experienced local attorneys helps ensure all costs are properly calculated and that buyers understand their total financial commitment beyond the purchase price.

The 4% closing cost estimate provides a reliable planning figure, though actual costs may vary slightly based on property value, complexity, and negotiated terms.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. The LatinVestor - Guanacaste Costa Rica Price Forecasts
2. The LatinVestor - Housing Market Costa Rica
3. The LatinVestor - Costa Rica Best Property Investment
4. The LatinVestor - Costa Rica Property Trends
5. The LatinVestor - Guanacaste Costa Rica Property
6. RE/MAX Costa Rica - Average Cost of a House
7. The LatinVestor - Buying Land Costa Rica
8. Architect Engineer CR - Building Costs
9. Blue Water Properties - Property Tax Guide
10. Living Costa Rica - Closing Costs Guide