Andaz Peninsula Papagayo Residences
Thirty-five homes on a Guanacaste peninsula, designed by Predock, serviced by the Andaz resort that stands on the same land, and priced in bands the developer leaves open at the top.
- Price
- Under USD 4 million
- Stage
- Selling
- Bedrooms
- 2 to 4
- Design
- Predock (residences); Workshop/APD (interiors)
We tell you what is available and arrange the introduction.
The property
Peninsula Papagayo sits on the Pacific coast of Guanacaste, and the Andaz resort has stood on it long enough for this property to be a second act rather than a first. The initial phase of Andaz Residences opened in 2023. What is selling now is a separate oceanfront neighbourhood of 35 homes, announced in February 2026 and described by the developer in March as a second, gated neighbourhood on the same peninsula. Predock designed the residences; Workshop/APD did the interiors.
Read the full picture
The homes come in two forms, and the developer names both. Flats run to two- and three-bedroom layouts at 2,081 to 2,572 sq ft air-conditioned, or 2,782 to 3,408 sq ft of total floor area, each with a private plunge pool and single-level living. Townhomes run to two, three and four bedrooms at 2,238 to 4,020 sq ft air-conditioned, or 4,259 to 6,077 sq ft total, arranged over one, two or three levels with rooftop terraces and plunge pools above. The developer marks every one of those dimensions approximate and subject to change, and that caveat travels with the figures here.
Pricing is set as two floors. Flats start from under USD 4 million and townhomes from the mid-USD 4 millions. Entry points rather than ceilings. There is no top-of-range figure for either type, so no closed range and no price per square foot can honestly be quoted; the current price list is to be confirmed.
The service arrangement is the substance of the brand here. Andaz Peninsula Papagayo services and manages each residence, with Hyatt's team handling maintenance, care and oversight year-round. Residential privileges run to 24-hour concierge, valet parking, bell service, pre-arrival planning, transportation, enhanced security and priority reservations, with in-residence dining, housekeeping and provisioning offered as optional extras. Separately, and in the small print, an affiliate of Hyatt Hotels Corporation has licensed the developer to offer and sell under the Andaz name; Hyatt holds no ownership interest in the project and makes no warranty about its development, marketing, sale or operation.
Several things are to be confirmed. The completion date is given as both 2028 and 2029, and this is to be confirmed. The legal ownership vehicle is set out in the purchase documents rather than on a page. A planned 2027 expansion is to bring new beachfront experiences for Andaz owners and guests, and work is under way on an expansion of Casa de Playa, but neither is delivered. The developer also notes that its material is neither an offer to sell nor a solicitation to buy where registration requirements have not been met.
- Residences
- 35 homes in two configurations, flats and townhomes, arranged across 20 buildings
- Design
- Residences designed by Predock; interiors by Workshop/APD
- Developer
- Mohari Hospitality and Gencom, with Ecodesarrollo Papagayo, Limitada as the Costa Rican company responsible for development, marketing and sale
- Management
- Andaz Peninsula Papagayo services and manages each residence, with maintenance, care and oversight handled year-round by Hyatt's team
- Completion
- Given as both 2029 and 2028; to be confirmed
- Release
- A limited release and a second oceanfront neighbourhood, following the first phase that opened in 2023
- Brand relationship
- A Hyatt affiliate has licensed the developer to offer and sell using the Andaz name and trademarks; Hyatt has no ownership interest in the project
- Setting
- Peninsula Papagayo, Guanacaste, on Costa Rica's Pacific coast. The peninsula also carries Four Seasons Resort Peninsula Papagayo and Nekajui, a Ritz-Carlton Reserve
The homes
Named exactly as the developer or the seller's agent names them. Sizes appear only where they are published.
Flats
2-3 bedrooms bed · 2,081-2,572 sq ft air-conditioned; 2,782-3,408 sq ft total floor area
Single-level living with indoor-outdoor flow, and a private plunge pool. Dimensions are the developer's own and marked approximate and subject to change.
Townhomes
2-4 bedrooms bed · 2,238-4,020 sq ft air-conditioned; 4,259-6,077 sq ft total floor area
Single-, two- and three-level layouts, with rooftop terraces and plunge pools. Dimensions are the developer's own and marked approximate and subject to change.
Owning it
How title works here, what is on the market, what it costs to run and what happens when you are away. Open the one that is your question.
How ownership works here
The legal ownership vehicle is set out in the purchase documents rather than on a page. The brand relationship is clear: an affiliate of Hyatt Hotels Corporation has licensed the developer to offer and sell the residences using the Andaz name and trademarks, and neither Hyatt nor its affiliates holds any ownership interest in the project or makes any representation about its development, marketing, sale or operation. Costa Rican counsel should confirm the title structure before any reservation.
Leasehold or freehold: which is better?
Each has its advantages, and we would not steer a buyer to one over the other in the abstract. Freehold is title in perpetuity: the home is yours outright, it passes to your heirs without a clock on it, and it is the simpler asset to finance and to sell to the widest pool of buyers. Leasehold is normally structured to 90 years, as a 30-year registered term with two further 30-year terms written into the contract in Thailand, or as a 99-year term in markets such as Singapore, and it is the route to a villa on its own land where the law keeps freehold land in local hands. On resale a lease is assigned rather than a title transferred, which in Thailand means a fraction of the transfer fees and taxes a freehold sale attracts, and a well-run branded estate keeps its resale value on the strength of the operator and the address rather than the tenure. What matters is the specific home: the years left on the term, how the renewals are secured, and what the purchase pack says about assignment. We put those three questions to the developer or the seller's side before any offer, and we tell you what comes back.
What is available now
Selling from the developer as a limited release, the second oceanfront neighbourhood after the phase that opened in 2023. How many of the 35 homes are sold or remain is to be confirmed. The developer notes that its material is neither an offer to sell nor a solicitation to buy in jurisdictions where registration requirements have not been met.
What it costs to run
The HOA, service charge and maintenance figures are to be confirmed. Homes are fully managed by Hyatt's team, with professional maintenance, care and oversight handled year-round, and in-residence dining, housekeeping and provisioning are optional services; the cost of the standing management and of the optional services is to be confirmed.
Letting it when you are away
Owners may opt into a rental programme framed as a way to offset ownership costs through access to Hyatt's global audience. Opting in is paired with a club membership that opens The Clubhouse at Prieta Beach, the Arnold Palmer Signature golf course and Papagayo Park, a sports and wellness hub of more than 20 acres. The split, fee, minimum stay and blackout terms are to be confirmed, and we give no figures for the programme.
Who is behind it
Developer
Mohari Hospitality and Gencom (development sponsors). Ecodesarrollo Papagayo, Limitada, a Costa Rican company, is named as solely responsible for the development, marketing and sale of the residences.
Architecture and interiors
Predock (residences); Workshop/APD (interiors)
The hotel on site
Andaz Peninsula Papagayo Resort, which services and manages each residence. Two other houses sit on the same peninsula, Four Seasons Resort Peninsula Papagayo and Nekajui, a Ritz-Carlton Reserve.
Completion
The dates given do not agree. 2029 in one place, 2028 in others, with construction starting mid-2026. Most point to 2028; this is to be confirmed.
Where it is
Peninsula Papagayo, Costa Rica.
Ask about Andaz Peninsula Papagayo Residences
Three short steps. We come back with what is available and arrange the introduction.
How this works
Via Privata is a travel advisory. We do not sell property and we are not the developer, the seller, or a licensed real-estate broker in any of the markets on these pages. What we do is introduce a buyer to the developer or to the agent selling a home, and stay alongside for the parts we are useful for. The sale is concluded directly between you and them.
Where an introduction leads to a purchase we may be paid a fee by the developer or its appointed agent, and we do not act for both sides of the same transaction.
Every price on these pages was verified by us against a live published asking price on the date shown. Asking prices and availability in this market move constantly, so treat every figure as indicative and as of its stated date, and expect it to be re-confirmed before anything is agreed. Where a figure is not published anywhere, we say so rather than estimate it. Ask us and we will tell you what is available today and arrange the introduction.
In the United Arab Emirates, introductions run through a licensed local brokerage. Dubai requires a Trakheesi permit, issued per advertisement to the brokerage holding the listing, so a UAE property carries an asking price here only where that brokerage's permit number is shown on its page. Where no permit covers a page, the page reports the property and quotes nothing.
Where a residence has a rental programme we describe how it works and nothing more. We publish no yield, no projected return and no occupancy figure, for any property, anywhere.
None of this is investment, tax, immigration or legal advice. Buying across a border has consequences that depend entirely on your own position; take independent local counsel and your own valuation before you commit to anything.