Real EstateCosta RicaPlayas del CocoLuxury

Rent or Buy Las Terrazas Costa Rica, Peninsula Papagayo

Found along the golden coast in the province of Guanacaste, the luxury condos of Las Terrazas are sought after due to their high rentability. The private Prieta Beach Club is also a great draw, as is the Four Seasons golf club. Playa Nacascolo, which was voted one of Travel Leisure’s most beautiful beaches is also very close by.

Why Las Terrazas

Las Terrazas was designed as a vibrant community by renowned Costa Rican architect, Ronald Zürcher. The development area consists of 17 properties embedded in natural beauty on a total of 19.5 acres of Papagayo Peninsula land. Many also have an elevated position that provides scenic island and ocean views. A lovely nature center is also located nearby.

The Terrazas location is conveniently found near the Four Seasons Papagayo Resort, and their famous 18-hole, Arnold Palmer Signature golf course. Owners and renters are allowed to the Prieta Beach Club, along with utilizing all the amenities that Four Seasons guests enjoy, including their restaurants, pools, spa, fitness center, and golf clubhouse.

The community common areas include twin infinity pools with ocean views overlooking Bahia Culebra and the Four Seasons Papagayo Golf Course. Playa Nacascolo is a short walk away. Living here also provides the convenience of being within one hour of Liberia International Airport (LIR) and some of the best medical care facilities in all of Costa Rica.


Most properties within the Las Terrazas development area condominiums offer lifestyle living in the Costa Rican Pacific Northwest. For those looking to rent rather than buy, typically rental reservations are generally accepted within 3 months of arrival, and wait-listing is sometimes available for more advance dates.

Vista de Oro

Master Bedroom with Ocean View at Las Terrazas #12
Master Bedroom with Ocean View at Las Terrazas #12

This renovated 2800 sqft luxury condominium found on lot Las Terrazas 12, consists of three bedrooms and 3 1/2 baths. All the rooms are covered in beige/gold/brown including texture-accented walls, counters, backsplashes, and furniture.

Each bedroom features benches at the foot of the bed, a walkout balcony, and a private bathroom. One of the bedrooms has a king canopy bed alongside a curvy wooden dresser and mirrors. An armchair with an ottoman and a desk that looks towards the ocean. Another bedroom with wraparound ocean and forest views contains a king bed, a wooden dresser, and an armchair. The last room contains two queen beds, a wooden nightstand, and a dresser. Unfortunately, one of the window views from this room only shows the neighbor’s condos.

The living room has a large fabric sectional couch and two armchairs with two cube-rectangle tables in the middle. The kitchen has an electric stove top, a built-in oven and microwave, wine storage, and a two-door fridge with a freezer bottom.

The expansive terrace has a big barbeque grill and a good-sized flatscreen TV hanging above it. Two patio wicker sets sit outside, one that has a large sectional and chair, the other with a round table with a lazy Susan accompanied by 6 chairs. Mere steps from the property are the infinity pool and rancho providing sweeping ocean views and sunrise vistas.

This property can be booked through Papagayo Luxury from $1,750 per night, with a minimum 3-night stay plus a $250 cleaning fee and $1500 refundable security deposit.

Recent Listing Price: $2,200,000.

Las Terrazas 13

Master Balcony with Ocean View at Las Terrazas #13
Master Balcony with Ocean View at Las Terrazas #13

This lovely condo is 2,799 sqft that includes three bedrooms and 3.5 baths in an open-style floorplan. Each bedroom has a private walkout balcony with ocean views. The Master Suite has a king bed, an armchair with an ottoman, closets, and a private bathroom with a jacuzzi tub. The next bedroom has a king bed, armchair, generously sized walk-in closet, and ensuite bathroom. The last bedroom has two queen beds, a closet, and a bathroom.

The living room provides comfort for eight people with two triple-seat white couches and two grey chairs. There is a round wooden coffee table in the center and two matching smaller tables, one located by each chair. The dining room has a dark wood table with seating for eight. The kitchen has a black granite top with light wood cupboards, stainless steel appliances, a microwave, a double-door fridge, a black dishwasher, and a standard electric stove and oven.

The expansive terrace has a large BBQ and two wooden patio sets. One can seat eight people and the other has a round table with four chairs.

Recent Listing Price: $1,600,000

Terraza Bonita

Inspired by wide ocean views and the surrounding tropical forest, the musician homeowner, utilizes their vacation home when composing new tracks. Their luxury condo is 2,800 sqft and is the one closest to the community infinity pool.

Each of the three large bedrooms features ocean views and walkout balconies containing at least 7 sun loungers. With a total of 3.5 baths, all bedrooms have their own private bathroom, along with one near the living area.

The master suite features a king bed, leather chair, and recording studio/console, while the master bathroom has both a shower and jetted tub. The junior master suite provides a king bed, wooden dressers, and two walls of sliding windows with a wraparound corner ocean view. The junior bathroom only has a stand-up shower. The guest suite has two full beds, a wooden armoire with drawers, and an ensuite bathroom with a tub/shower combo.

The kitchen has stainless steel appliances, including a standard-sized electric stove with oven, large microwave, dishwasher, and fridge with a freezer bottom. The living room is perfect for socializing with family and friends with a three-person couch, a love seat, and two armchairs. On the balcony, there is a decent size BBQ and a small wash sink. There are two wicker patio sets, one that sits six people with a long rectangular table and another with a small round table and four chairs.

Terraza Bonita can be booked through Papagayo Luxury from $1,300 per night, with a minimum 5-night stay plus a $1,500 refundable security deposit.

Las Terrazas 5

This luxurious condo is 2,799 sqft. The open floor plan includes 3 bedrooms and 3.5 baths. Each bedroom has a king or queen bed, walkouts to its own balcony, and a private bathroom with his-and-her sinks, shower, and tub.

The living room has two white full couches and two orange-reddish armchairs. The dining room has three huge ceiling-to-floor wooden-framed mirrors against the wall. A long wooden table with two wooden benches sits on one side, along with six leather dining chairs.

The balcony has a BBQ and sitting area with a round wooden table with six wicker chairs. These are in addition to a sectional wicker couch with a rectangular wooden table. There is a two-car garage for parking vehicles.

Recent Listing Price: $1,400,000.

Las Terrazas 11

This modern-styled luxury living condo is 2,799 sqft. The open floor plan includes three bedrooms and three and a half baths. There are three king-sized bedrooms with walkouts to their own balcony and private bathroom.

The living room has ample space for socializing with family and friends. It includes a large black leather sectional couch and two white leather chairs with a wooden coffee table in the center. The dining room has a long wooden table and nine chairs with wooden backs and blue cushions. Interesting art hangs from the walls.

The kitchen features white and black finishes alongside black appliances, such as a dishwasher, electric stove with oven, and microwave. The expansive terrace has a multi-burner BBQ. The sitting area has a wooden round table and six matching chairs overlooking the bay. A 2-car garage is found on the property.

Recent Listing Price: $1,495,000.

Lots and Land

Lots 1 to 6 have large land sizes between 1.3 and 3 acres. The surrounding woods provide a perfect buffer from your neighbors. Lots 8 to 17 are made for smaller, cozy house designs, but are in close walking distance to the beach.