Beachfront development land 0-bed in Malpaís near Santa Teresa with ocean frontage, pool, event venue, approved residential concession, $1.95M Costa Rica.

This direct beachfront property in Malpaís offers immediate access to the Pacific Ocean and features an existing event venue complete with a swimming pool and outdoor gathering spaces. The site holds an approved beachfront concession with residential development rights, allowing up to 40 percent coverage and a maximum building height of seven meters. Positioned just minutes from the vibrant center of Santa Teresa, the property maintains the quieter, more serene character that distinguishes Malpaís, making it a unique opportunity for those seeking both lifestyle and investment potential.

Spanning 2912 square meters, the land is currently configured to support private events with a purpose-built venue and a refurbished Airstream converted into a fully equipped commercial kitchen. The residential zoning permits flexible design options while preserving the coastal environment’s integrity. Malpaís is valued for its understated charm and close proximity to Santa Teresa’s amenities, surf culture, and dining options. This property represents a rare beachfront development opportunity in one of Costa Rica’s most established coastal communities. MLS LXSL13994 The Agency Costa Rica