Investment Property for Sale Popoyo – Turnkey Compound

$1,200,000 USD

This investment property for sale in Popoyo is a rare opportunity to acquire a fully enclosed 2-manzana compound in the rapidly growing Limón 2 and Popoyo area. The property includes 4 completed turnkey homes, 1 unfinished home, 3 caretaker quarters, garage and storage facilities, 3 wells, and 3 septic systems. Furthermore, more than 8,500 m² of additional land remains available for future development. The 4 completed turnkey homes are projected to generate approximately $152,000 in annual gross rental income and approximately $120,000 in annual NOI, representing an estimated 10% net return at the $1,200,000 asking price. Existing property management, 24/7 security, and maintenance staff are already in place, allowing for immediate operation with minimal additional investment. As a result, a buyer can operate the property from day one as a vacation rental compound, surf lodge, boutique hotel, or retreat while preserving significant future upside from the remaining undeveloped land.

Mature trees and established landscaping create a private, park-like setting throughout the property. The entire 2-manzana parcel sits fully enclosed by a 3-meter perimeter wall and is supported by 3 wells, 3 septic systems, garage and storage facilities, and 3 caretaker quarters. Moreover, existing infrastructure, staff housing, and utility systems are already in place, significantly reducing future development costs and allowing for immediate operation or expansion. Combined with more than 8,500 m² of undeveloped land, the property offers substantial long-term value and would be difficult and expensive to recreate today.

Investment Property for Sale Popoyo: Property Overview

2 manzanas / 14,100 m² fully enclosed by a 3-meter perimeter wall
4 completed turnkey homes plus 1 unfinished home
3 caretaker quarters with kitchenettes and separate bathrooms, 77 m²
75 m² enclosed garage and storage building
3 water wells and 3 septic systems
Individual utility meters for every structure
Generator transfer switch on every structure
More than 8,500 m² of undeveloped land for future expansion
On-site property management in place
24/7 armed security in place
Gardening and maintenance crew in place
Asking price: $1,200,000
Projected annual gross income: approximately $152,000
Projected annual NOI: approximately $120,000
Projected cap rate: approximately 10%
Conservative annual gross income: approximately $125,000
Optimistic annual gross income: approximately $184,000
5 minutes to Playa Santana
10 minutes to Playa Popoyo
10 minutes to Rancho Santana
20 minutes to Hacienda Iguana

Prime Location and Accessibility

The compound sits strategically on Buena Onda Road just off the Carretera Costanera, aka the Coastal Highway, in one of the fastest-growing areas of the Popoyo and Rancho Santana market.

Playa Santana is just a 5-minute drive away, and Playa Popoyo is 10 minutes away. Rancho Santana is 10 minutes. Hacienda Iguana is 20 minutes. Furthermore, the property benefits from immediate access to beaches, surf breaks, restaurants, and the rapidly expanding infrastructure along the new coastal highway. Therefore, the location delivers both the lifestyle access of an active coastal community and the commercial visibility of one of the most recognized surf corridors in Central America.

The Four Homes and Projected Income

Each of the four completed homes operates independently with its own utility meter and generator transfer switch. Together they form the income engine of this investment property for sale in Popoyo.

Cozy Casita: 1 BR / 1 BA, 36 m²

The Cozy Casita is a comfortable and private one-bedroom, one-bathroom home that is fully furnished and move-in ready. Complementing the interior is a spacious 100 m² patio area, creating an inviting indoor-outdoor living space ideal for relaxing, dining, or entertaining. Projected annual gross income: approximately $23,900.

Vista House: 3 BR / 1.5 BA, 117 m²

Vista House is a bright and inviting two-story home with a 29.86 m² balcony and a 180 m² patio. The main level includes an open living and dining area, kitchen, and a convenient half bath. The upper level provides private bedroom space and a full bath. The kitchen features stainless steel appliances, teak wood cabinetry, and quartz marble countertops. The upstairs also includes a GE washer and dryer. Projected annual gross income: approximately $37,275.

Garden House: 3 BR + Den / 2 BA, 144 m²

The Garden House is a fully furnished turnkey home featuring 3 bedrooms, 2 full bathrooms, and a separate den. Large windows and an expansive balcony create a bright, airy feel ideal for enjoying the tropical climate and views over the property. The kitchen includes a large LG refrigerator, a built-in oven, a farmer sink, and a 6-burner gas range. Projected annual gross income: approximately $50,838.

Courtyard House: 3 BR / 1 BA, 100 m², Semi-Detached

The Courtyard House is a charming and fully furnished semi-detached residence offering 3 bedrooms and 1 full bathroom. The house features an open living and dining area, a kitchen, and easy access to the outdoor courtyard and surrounding gardens. Projected annual gross income: approximately $40,338.

Additionally, the unfinished Future House is an approximately 80 to 100 m² structure planned for 2 bedrooms and 1 bathroom. It can be completed as an additional guest house or connected to the Courtyard House to create a combined 6-bedroom, 3-bathroom residence of approximately 200 m².

Established Operational Structure

The property is being offered with an established operational structure already in place. An experienced property manager currently oversees the compound and is available to remain for a seamless transition. Furthermore, 24/7 armed security is already in place, providing peace of mind and making the property attractive for absentee owners and vacation rentals. The existing gardening and maintenance crew maintains the grounds, landscaping, wells, septic systems, and homes on an ongoing basis.

The turnkey management structure allows a new owner to begin using or renting the property immediately with minimal setup. Moreover, the existing staff infrastructure supports operation as a private estate, surf lodge, retreat center, or multi-home rental property. As a result, the combination of existing homes, undeveloped land, and trained staff creates a ready-to-operate investment opportunity that is genuinely rare in this market. Therefore, a new owner steps into a running operation rather than spending months building the infrastructure to start one.

Future Upside and Development Potential

More than 8,500 m² of relatively open land remains available for future development within the already-enclosed perimeter. Because the current homes, infrastructure, and caretaker facilities occupy only a portion of the 2-manzana parcel, a buyer can immediately operate the existing compound while preserving substantial land for future expansion. The remaining land could accommodate additional homes or casitas, a pool and clubhouse, surf lodge or retreat facilities, a yoga deck, a restaurant or event space, or additional rental units and future subdivision lots.

This flexible layout allows for a phased development strategy. Furthermore, a buyer can generate income from the existing homes today while creating significant additional value over time through expansion or future resale of the remaining land. Moreover, the existing infrastructure, staff, and perimeter wall are already in place to support that expansion without the costs and delays of starting from scratch. Consequently, the undeveloped land represents a genuine free option on future value for the investor who acquires this compound primarily for the existing 10% return.

Expansive Mature Gardens and Outdoor Spaces

The mature trees and established landscaping throughout the compound create a private, park-like setting that took years to develop and would be expensive to replicate. The gardens provide natural shade, genuine privacy between the homes, and an atmosphere that guests respond to immediately. Additionally, the 3-meter perimeter wall enclosing the entire parcel protects that setting and separates the compound from the surrounding community. As a result, whatever the owner builds or operates inside that wall benefits from a physical environment that most comparable properties in this corridor simply do not offer.

Investment and Pricing Summary

At the asking price of $1,200,000, this investment property for sale in Popoyo offers an estimated net operating return of approximately 10% before any future value created through development of the remaining 8,500 m² of land. Included in the sale are approximately 2 manzanas of land, 4 completed turnkey homes, 1 unfinished home, 3 caretaker quarters, a 75 m² garage and storage building, 3 wells, 3 septic systems, a 3-meter perimeter wall, and the existing staff and management structure.

Projected rental income scenarios are as follows. The conservative projection is approximately $125,000 per year. The likely projection is approximately $152,000 per year. The optimistic projection is approximately $184,000 per year. Furthermore, these projections are based on the four completed homes alone and do not include any income from the unfinished home or from future development of the remaining land. Therefore, the upside beyond the existing 10% return is real, documented, and directly within the new owner’s control.

Acquire This Investment Property for Sale in Popoyo

The math is clear. $1,200,000 asking price. $120,000 projected annual NOI. A 10% cap rate from day one. Professional management and 24/7 armed security already in place. Four turnkey homes are already generating income. More than 8,500 m² of undeveloped land inside a fully enclosed perimeter adding future value at no additional cost. Five minutes from Playa Santana. Ten minutes from Popoyo and Rancho Santana.

Immediate income. Existing management and security. Prime location near beaches. Significant development upside. Difficult and expensive to recreate today. This investment property for sale in Popoyo is fully operational and ready for a new owner from day one. We at Popoyo Realty can arrange a site visit, connect you directly with the property manager, and provide the full investment prospectus including detailed financials.