Lookout Suites β Ocean-View Boutique Hotel in Playas del Coco
Playas del Coco
$2,350,000
Income ProducingBasic
Amenities
- Balcony
- Oceanview
- Terrace
- Air conditioning
- Appliances
- Furnished
- Ocean View
- Pool
- Close To Shops
- Close To Transport
- Investment Opportunity
- Luxury Estate
Features
- Ocean View Property
Description
π Lookout Suites β Ocean-View Boutique Hospitality Property in Playas del Coco
Set on the hillside with sweeping views of the Gulf of Papagayo, Lookout Suites is a four-level ocean-view hospitality property featuring a rooftop restaurant and panoramic sunset vistas from every room and terrace. ποΈ Just a 5-minute drive to Coco Beach and 25 minutes from Daniel Oduber QuirΓ³s International Airport (LIR), this property offers a rare combination of prime location, breathtaking views, and built-in restaurant income.
π’ Property Overview
- Year Built: 2008 (Remodeled & Updated) π οΈ
- Construction: Approx. 557 mΒ² (6,000 sq. ft.)
- Lot Size: 490.43 mΒ²
- Levels: 4 (Studios + Penthouse + Rooftop Restaurant)
- Maximized Layout: Built close to property lines to maximize interior & terrace space
π Layout by Floor
First Floor
β 4 studio rooms β private bath + AC π¬οΈ
β 1 laundry room π§Ί
β 1 larger room β kitchenette + private bath π΄
Second Floor
β 5 studio rooms β private bath + AC
β 1 larger room β kitchenette + private bath
Third Floor β Penthouse Apartment
β 2 bedrooms ποΈ
β 2 full bathrooms πΏ
β Kitchen & living area π³ποΈ
β Terraces with ocean views π
Fourth Floor β Rooftop Restaurant
β Open-air dining for approx. 60 guests π½οΈ
β Currently leased to The Lookout Restaurant β popular for sunsets & top reviews π
ποΈ Accommodation Summary
β
9 Studio Rooms β private bath, AC, ocean views
β
2 One-Bedroom Suites β kitchenette + living area
β
1 Two-Bedroom Penthouse Apartment
β
All rooms face the Pacific Ocean and surrounding mountains π΄
β
Independent AC, hot water, WiFi, TVs
β
Infinity-edge pool with ocean views πβοΈ
β
On-site laundry & parking π
π° Built-In Income β Restaurant Lease
The rooftop restaurant is under a long-term lease to The Lookout Restaurant, delivering consistent monthly income regardless of how the accommodation portion is managed.
π Flexibility for New Owners
The property is currently not operating, allowing a new owner to choose the direction:
β Boutique hotel π¨
β Vacation rental suites (Airbnb/VRBO) π΄
β Bed & breakfast concept π³
β Group retreats, diving/fishing trips, weddings, private events π
β Live in the penthouse while managing the rest
Previous ownership successfully operated it as both a hotel and vacation rental property, with remote management via synchronized booking software.
π΄ Location Advantages
β
Short drives to Coco, Ocotal, Hermosa, and PanamΓ‘ beaches ποΈ
β
Playas del Coco amenities β supermarkets, banks, medical services, restaurants, dive shops ποΈ
β
Papagayo region highlights β fishing, scuba diving, boating, outdoor activities π β΅
β
Volcanoes, hot springs, and ziplining within an hour π
This is a rare opportunity to acquire a view-driven hospitality property with existing income, flexible operating models, and one of the most iconic sunset rooftop locations in the area.
π·οΈ Key Details
- Land Size: 490.43 mΒ²
- Construction: Approx. 557 mΒ² (6,000 sq. ft.)
- Levels: 4 (Rooms + Penthouse + Rooftop Restaurant)
ποΈ Amenities
β Balcony & Terrace
β Ocean Views π
β Air Conditioning π¬οΈ
β Fully Furnished ποΈ
β Infinity Pool πβοΈ
π© Contact us today to schedule a visitβvirtual or in-personβand explore this incredible ocean-view investment property in Playas del Coco.