Andaz Residences Peninsula Papagayo
Costa Rica's Peninsula Papagayo Breaks Ground on Second Oceanfront Andaz Residences Neighborhood
Peninsula Papagayo, widely regarded as Costa Rica's most exclusive resort and residential community, today announced the groundbreaking of a second neighborhood of 35 oceanfront Andaz Residences on the North Pacific coast's Culebra Bay. The milestone marks the next step in the long-term vision of Mohari Hospitality, a global investor focused on the development of luxury hospitality assets, which acquired the remaining stake in Peninsula Papagayo earlier this year to become its sole owner.
Bordered by the protected forests of the Área de Conservación Guanacaste, the 35-acre oceanfront Andaz Residences set a new standard for luxury branded living in Costa Rica. Designed as a private residential neighborhood, the enclave sits adjacent to the Andaz hotel and offers seamless access to the full Peninsula Papagayo ecosystem that includes the Arnold Palmer Signature Ocean Course, the members-only Clubhouse at Prieta Beach, and Papagayo Park, a 20-acre sports and wellness hub.
The residences are designed for second home living, offering two-, three-, and four-bedroom floor plans, each with a private plunge pool and most with rooftop terraces framing sweeping views of Culebra Bay. At the heart of the community, the private owners' clubhouse overlooks the bay and sets the tone for the experience within, including a resort-style pool, fitness and wellness areas, terraces designed for gathering, a flexible lounge, and an upper-level café. Day-to-day life is managed by Andaz Peninsula Papagayo Resort, with a dedicated staff offering 24-hour concierge, valet parking, priority reservations, in-residence dining, housekeeping, and an optional rental program available through Andaz.
Designed by Predock, the acclaimed Albuquerque-based architecture and planning studio, the residences are shaped by their setting. Forms rise from the land's natural terraces, with cantilevers that echo the curve of the coastline. Materials are raw yet refined: textured stucco, matte glass, and wood-shake roofing, with passive design principles built in from the ground up so that sustainability is woven into the architecture rather than added as an afterthought.
As a private residential neighborhood, the Andaz Residences meet all Costa Rican government site coverage and density requirements, allowing construction to proceed without delay. Priced from under $4 million, the residences represent an exceptional opportunity for an oceanfront, fully serviced home at Costa Rica's most exclusive address.
To learn more or to schedule a private preview, visit peninsulapapagayo.com/luxury-real-estate/andaz-residences/ .