Villa Margarita
6-bedroom beachfront estate in Playa Flamingo, Guanacaste
About This Property
Villa Margarita is a hacienda-style beachfront estate set directly on the white sands of Playa Flamingo, with 72 meters (236 feet) of titled beach frontage on a 1.2-acre parcel. It offers six bedrooms and five bathrooms in about 3,200 sq ft. With less than 3% of Costa Rica's coastline titled for private ownership, the frontage is a rare asset.
Built in the 1970s, the house has authentic Costa Rican character, with clay tile floors, exposed wood beams, white stucco arches and generous verandas that frame the Pacific from every angle.
The main residence has four bedrooms and four bathrooms, with the primary suite on the first floor and two further master suites upstairs. A separate carriage house with two bedrooms and one bathroom suits guests or a caretaker.
The estate is fully furnished and offers a private pool, an outdoor kitchen and gated security, along with deep-water marina access and exclusive Flamingo Beach access.
Few properties offer such a combination of private frontage, character and setting, which makes Villa Margarita a legacy home on Costa Rica's Gold Coast.
Key Features
- 72m Titled Beach Frontage
- Fully Furnished
- Private Pool
- Outdoor Kitchen
- Deep-Water Marina Access
- Gated & Secure
The Neighborhood
Villa Margarita occupies one of Playa Flamingo's most coveted stretches of white sand, where the drama of the crescent bay unfolds before private terraces and infinity pools. This is beachfront living at its most intimate—the legendary pink-hued sunsets that give Flamingo its name are yours alone to witness from your oceanfront sanctuary. The neighborhood blends the quiet grace of established luxury residences with the vibrant energy of the newly developed Marina Flamingo just down the coast, creating an exclusive community where a-list travelers and discerning expats have long called home. Walkability here means strolling your own beach; nearby boutique restaurants and the full-service marina are accessible by a short, scenic drive or boat ride. The lifestyle is unhurried, the ocean constant, the sense of privilege palpable.
Investment Potential
Beachfront properties in Playa Flamingo represent some of the most resilient luxury real estate on Costa Rica's Gold Coast, with homes in prime positions achieving 3–6% annual appreciation and commanding premium vacation rental yields of 5–9%. Villa Margarita's direct oceanfront positioning—a rarity given limited beachfront inventory—places it in the top tier of investment assets. The new Marina Flamingo development has catalyzed renewed demand for gateway properties like this one, with comparable beachfront estates seeing valuations increase 15–20% in the past 18 months. For investors seeking trophy assets that balance personal enjoyment with strong financial returns, beachfront Flamingo villas offer the rare combination of lifestyle prestige, high occupancy rates (85–95% during peak season), and long-term capital appreciation in a market that has normalized after recent corrections.
Nearby Amenities
- Playa Flamingo Beach — pristine white-sand crescent bay directly accessible from property
- Marina Flamingo — full-service marina with 24/7 security, fuel docks, concierge yacht services
- Hazel's Steak & Seafood — upscale fine dining at Flamingo Marina with fresh seafood, prime steaks, and ocean views
- Surfbox — popular marina restaurant known for the best breakfast in Costa Rica, plus lunch and dinner with marina views
- Oceana — waterfront dining at Flamingo Marina
- Angelina's Restaurant — upscale beachfront fine dining specializing in steaks and fresh seafood
- Coco Loco — iconic beachfront casual restaurant with panoramic bay views
- Brasilito Beach — charming fishing village with authentic Costa Rican character, 10-minute drive
- Playa Conchal — stunning shell-sand beach ideal for snorkeling, 15-minute drive
- Potrero Bay — 4km sheltered beach perfect for families and water sports
- Hacienda Pinilla Golf Club — 18-hole championship course with ocean-view fairways
- Super Massai Grocery — upscale market with quality produce, imported goods, bakery, deli
- Liberia International Airport (LIR) — major international hub, about 1 hour 5 minutes by car
- Playa Flamingo Clinics — 24-hour emergency medical services and consultations nearby
- Tamarindo — bustling beach town with dining, nightlife, shops, 35 minutes south









