Can foreigners buy property in Costa Rica?

Yes. Foreigners have the same property rights as Costa Rican citizens. You can own land and property under your name or through a corporation with full legal protection.

Does Kaepa Hills publish expected rental returns?

Kaepa Hills does not publish guaranteed or projected returns. Actual vacation-rental performance depends on purchase price, nightly rate, occupancy, operating costs and management. We can share the assumptions behind an illustrative scenario so you can model it with your own advisors.

How does the purchase process work?

After reserving your villa with a deposit, our legal team guides you through due diligence, title transfer, and closing. The entire process is transparent and typically takes 30-60 days.

Are there financing options available?

Payment schedules during construction are agreed per unit and per buyer. Local bank mortgages for non-residents are limited in Costa Rica, so most international buyers purchase with cash, developer payment schedules or financing arranged in their home country.

When will the villas be completed?

Construction is actively underway. Depending on the unit, estimated completion ranges from 6-12 months. Contact us for the latest timeline on available units.

What are the ongoing costs of ownership?

Recurring costs typically include annual municipal property tax of about 0.25% of registered value, a possible luxury-home tax on higher-value homes, HOA or community fees for roads, security and common areas, utilities, insurance, maintenance and pool care, plus property management if you rent. We provide a written breakdown per unit.

Kaepa Hills

Luxury Villas For Sale

Mal País · Costa Rica

Villas for Sale in Malpais,
Near Santa Teresa, Costa Rica

Name: Kaepa Hills Luxury Villa
Brand: Kaepa Hills
Price: 320000 USD
Availability: InStock

Kaepa Hills is a boutique collection of modern tropical villas in Malpais, minutes from Santa Teresa on Costa Rica's Nicoya Peninsula. From approximately $320,000, subject to current availability.

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At a glance

Kaepa Hills at a Glance

Kaepa Hills is a boutique villa development in Malpais, Puntarenas, Costa Rica, near Santa Teresa on the Nicoya Peninsula. The development offers modern tropical villas designed for residential, vacation-home and investment use. The project is currently under construction, with some villas built and additional limited inventory available depending on current sales status.

Location: Malpais, Puntarenas, Costa Rica
Near: Santa Teresa, Nicoya Peninsula
Property type: Boutique private villas
Bedrooms: 1–3 bedrooms depending on villa configuration
Private amenities: Private pool, parking and storage where applicable
Views: Ocean or jungle views depending on the individual villa
Project status: Under construction
Availability: Limited built and presale inventory
Starting price: From approximately US$320,000, subject to current inventory and availability
Buyer profile: International and Costa Rican buyers, investors, vacation-home buyers and full-time residents

About the Project

Living Within
Tropical Nature

Kaepa Hills is located in Mal País on the Nicoya Peninsula in Costa Rica, a few minutes' drive from Santa Teresa and close to the ocean. The project is a boutique collection of two-story villas in a modern tropical style, blending natural materials with contemporary design.

Each villa has been planned to open toward the Pacific Ocean and the surrounding jungle, with ocean or jungle views depending on the villa's position on the hillside.

Malpais

Near Santa Teresa

1-3

1-3 Bedrooms

∞

Ocean Views

Pura Vida

Costa Rican Lifestyle

The Villas

Kaepa Hills Boutique Villas

Located in Mal País / Santa Teresa, Costa Rica — one of the most sought‑after destinations today for high‑end tourism, surfing, and lifestyle‑driven real estate investment.

"Situated on a private hill with its own dedicated access bridge, offering open, unobstructed views from every villa and a unique blend of privacy and proximity to the area's famous beaches, restaurants, and surf spots."

Project Overview

Kaepa Hills consists of boutique villas designed in a modern tropical style, where every detail has been carefully selected to meet the highest construction standards. From premium imported fixtures and fittings to handpicked natural materials — each element reflects an uncompromising commitment to luxury and durability.

Exclusive by Design

Every villa is built to exacting international standards with meticulous attention to detail. We source only the finest materials — from Italian-grade ceramic finishes and tempered glass railings to marine-grade stainless steel hardware and premium hardwood accents. The result is a residence that feels both timeless and distinctly modern.

What Every Villa Includes

Private Pool

Each villa features its own private infinity-edge pool with panoramic ocean views.

Private Parking

Dedicated covered parking for each residence with direct villa access.

Storage Room

Generous built-in storage space for surfboards, equipment, and personal belongings.

Open Living Spaces

Expansive open-plan living areas with soaring high ceilings and floor-to-ceiling windows.

1–3 Bedrooms

Flexible layouts ranging from intimate one-bedroom retreats to spacious three-bedroom family villas.

2 Full Bathrooms

Luxuriously appointed bathrooms with premium fixtures, rain showers, and natural stone finishes.

Why Invest

Why Invest in Santa Teresa

Costa Rica's Pacific coast attracts international buyers looking for coastal property with lifestyle and rental use in mind.

Strong ROI Potential

Vacation-rental performance in the Santa Teresa area varies significantly with acquisition price, occupancy, nightly rate, operating expenses and management. We publish no guaranteed return — ask us for an illustrative rental scenario for a specific villa.

Booming Tourism Growth

Costa Rica has a long-established international tourism economy, and the Santa Teresa area draws surfers, wellness travellers, remote workers and families. Official visitor statistics are published by the Instituto Costarricense de Turismo (ICT).

Scarce Inventory

Coastal development regulations strictly limit new construction. Hilltop ocean-view lots like Kaepa Hills are extremely rare and increasingly valuable.

Prime Location Value

A short drive from the beach, on a private hillside with ocean and jungle views depending on the villa. The Nicoya Peninsula is widely described as one of the world's Blue Zones.

Built by Experienced Developers

Our team brings decades of international luxury construction experience. Every villa is built to the highest standards using premium materials, with full legal compliance and transparent processes.

Current Availability