Beachfront development land 0-bed in Malpaís near Santa Teresa with ocean access, pool, event venue, and approved residential concession. $1.95M Costa Rica.

This direct beachfront property in Malpaís offers Pacific Ocean frontage with immediate access to the sand, presenting a rare development opportunity. Currently hosting an event venue complete with a pool and outdoor gathering spaces, the site is enhanced by an approved beachfront concession allowing residential development. Zoning permits up to 40 percent coverage and a maximum building height of seven meters, providing flexibility for a private residence or boutique hospitality project. Its location balances proximity to Santa Teresa with the quieter character of Malpaís.

Situated on a 2912 square meter lot, this property features no existing residential structures but benefits from approved permits for future construction. The existing event space includes a commercial kitchen adapted from a refurbished Airstream, supporting current operations and potential expansion. Malpaís is renowned for its understated coastal lifestyle, attracting residents and visitors seeking natural beauty and tranquility while remaining minutes from Santa Teresa’s amenities. MLS LXSL13994 The Agency Costa Rica