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Costa Rica's Famed Peninsula Papagayo Unveils Two New Luxury Ownership Opportunities

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Published
05/01/2021 by

Peninsula Papagayo, Costa Rica's 1,400-acre premier resort and private club community, has announced the release of two new and exclusive luxury residential ownership opportunities amid a surge in buyer demand for homeownership across the peninsula. Bahías Peninsula Papagayo, is a rare collection of 13 private family compounds designed by renowned architect and AIA Gold Medalist, Antoine Predock.  Situated atop one of the Peninsula's prized promontories, the Bahías Residences showcase spectacular design and offer the ultimate in seclusion, with prices starting in the low six-million-dollar range. The highly anticipated Andaz Costa Rica Residences at Peninsula Papagayo has officially launched sales for its enclave of 25 fully serviced residences adjacent to the existing Andaz Costa Rica Resort at Peninsula Papagayo. The Andaz Costa Rica Residences feature stunning views and private plunge pools in every home, with prices starting in the low one-million-dollar range.

The unveiling of these two new opportunities follows a season of unprecedented market demand at Peninsula Papagayo. Sales in the first two months of 2021 surpassed $90 million, following on the heels of another record year in 2020.

"Costa Rica, particularly Peninsula Papagayo, has reached a tipping point in demand, underpinned by a shift in lifestyle and priorities of the affluent second-home buyer," said Donald McGregor, head of development for Latin America at Gencom, developer and co-owner of Peninsula Papagayo. "Papagayo's club and resort community aligns perfectly with the growing trend of second home buyers seeking safe havens for their families in exotic destinations offering tailored eco-adventure experiences. These two new offerings are designed to meet this demand and unlock a connection to Costa Rica's natural wonder for a new generation of families."  

Introducing Bahías Peninsula Papagayo by Antoine Predock
Situated on 17 acres overlooking islands and back-to-back bays, Bahías is set apart by its elevated design. Meticulously constructed to blend seamlessly into the landscape, each residence thoughtfully emerges from the bluffs suspended in the forest canopy 250 feet above the Pacific Ocean. Each unique residence sits on a lot of up to two acres with 8,500 to 10,500 square feet of combined indoor and outdoor living. The homes offer two or three levels and feature private infinity-edge pools, spas, "glamping rooms", private garages and more. Owners will have the opportunity to personalize their homes with custom furnishings and decor.

"In Costa Rica, nature is a dominating force," said Predock, Founder and Principal of Antoine Predock Architect. "When you come to Papagayo, you are not merely looking at nature, you are in it. We wanted to create a fully immersive experience that would honor the cultural landscape – not to bring something predetermined, but to derive our design out of the place itself."

Andaz Costa Rica Residences at Peninsula Papagayo Now Selling
Situated adjacent to the existing Andaz Costa Rica Resort at Peninsula Papagayo, the collection of Andaz Costa Rica Residences at Peninsula Papagayo offers 25 fully turnkey, wholly owned two- and three-bedroom residences designed with the quintessential Andaz touch. Designed by Costa Rican architect Ronald Zürcher, the residences range in size from 2,400 to 3,400 square feet of combined indoor and outdoor living, including spacious private outdoor living spaces and private plunge pools. Integrated pedestrian paths will link the resort and residences providing convenient access to an expanded fitness center and spa, outdoor workout station, multiple beaches, pools, restaurants, and nearby Marina Papagayo. Fully managed by Hyatt, future owners will enjoy in-residence dining, daily housekeeping, valet, dry cleaning, laundry, grocery provisioning and off-site transportation and optional rental program.

One of the many benefits of ownership at Bahías and Andaz will include a membership in the Club at Peninsula Papagayo. The club features exceptional beach, golf, tennis, swimming, and social facilities for the whole family, together with a rich calendar of curated classes and special events. Owners will also enjoy an array of only-here experiences offered by Papagayo Explorers, the peninsula's program of exclusive land, ocean, aerial and cultural immersion adventures led by a team of expert guides, naturalists, and translators. Through Papagayo Explorers, owners and their families play, connect and explore in nature through adventure and exploration-driven experiences celebrating local culture and Costa Rica's natural world.

 

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