Lookout Suites | Ocean-View Boutique Hotel with Rooftop Restaurant in Playas del Coco

Lookout Suites | Ocean-View Boutique Hotel with Rooftop Restaurant in Gulf of Papagayo

Positioned on a scenic hillside overlooking the breathtaking Gulf of Papagayo, Lookout Suites is a four-level ocean-view hospitality property offering panoramic sunset views from every room and terrace. Located just minutes from Playas del Coco and approximately 25 minutes from Daniel Oduber Quirós International Airport (LIR), this property combines a prime location with built-in income potential.

Originally constructed in 2008 and thoughtfully renovated over time, the property offers approximately 550–557 m² (around 6,000 sq. ft.) of construction on a 490 m² lot. The design maximizes interior space and ocean-facing terraces across four levels, ensuring uninterrupted views of the Pacific Ocean and surrounding mountains.

The layout is highly functional and versatile. The first level features multiple studio-style accommodations, each with private bathrooms and air conditioning, along with a laundry area and a larger unit with kitchenette. The second level continues with additional studio rooms and another suite-style unit, ideal for extended stays. On the third level, a spacious penthouse apartment includes two bedrooms, two full bathrooms, a full kitchen, living area, and private terraces—perfect for an owner’s residence or premium rental offering.

At the top, the fourth-floor rooftop hosts an open-air dining venue currently leased to The Lookout Restaurant, a well-known sunset destination with strong reviews and a solid local following. 🌅 This long-term lease provides consistent monthly income, adding immediate value and stability for the property owner.

The accommodations include 9 studio rooms, 2 one-bedroom-style suites with kitchenettes, and a 2-bedroom penthouse, all oriented toward the ocean. Guests enjoy modern comforts such as air conditioning, hot water, WiFi, and televisions, along with shared amenities including an infinity-edge pool overlooking the coastline, on-site laundry, and convenient parking.

This property offers exceptional flexibility for a new owner. It can be operated as a boutique hotel, vacation rental business (Airbnb or VRBO-style), bed and breakfast, or a retreat venue for events, fishing and diving groups, or wellness experiences. There is also the option to reside in the penthouse while managing the rental units below.

The location places you within easy reach of some of Guanacaste’s most popular beaches, including Coco, Ocotal, Hermosa, and Panamá, while the surrounding region is known for world-class fishing, scuba diving, boating, and eco-adventures. 🏝️ From volcanoes and hot springs to ziplining and national parks, everything is within an hour’s drive.

✔️ Ocean-view hospitality property with 4 levels 🌊
✔️ Rooftop restaurant with established lease income 🍽️
✔️ 9 studios + 2 suites + 2BR penthouse 🏡
✔️ Infinity pool with panoramic views 🏊♂️
✔️ Fully furnished with modern amenities ✨
✔️ Prime location near beaches, town, and airport 📍

This is a rare opportunity to own a view-focused income property in one of Costa Rica’s most desirable coastal regions, combining lifestyle, business potential, and long-term value.