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.

Why Kaepa Hills | Boutique Villas in Malpais, Costa Rica

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

Quick Answer

What is Kaepa Hills?

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

Location: Malpais, Puntarenas, Costa Rica — near Santa Teresa
Property type: Boutique private villas
Bedrooms: 1–3 bedrooms depending on villa configuration
Private amenities: Private pool, parking and storage where applicable
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

Boutique scale

Kaepa Hills is a small collection of villas rather than a large master-planned resort. That means fewer neighbours, a quieter residential environment and a shorter, more direct line to the people actually building the project. It also means inventory is genuinely limited: when a villa is sold, it is no longer available, and we do not create artificial deadlines around that.

Malpais hillside location

The project sits in Malpais, the quieter side of the Malpais–Santa Teresa coastal strip. Buyers who want privacy, elevation and views, while still being close to the restaurants, surf schools and services concentrated in Santa Teresa, tend to look here rather than directly on the main street.

Modern tropical architecture

The villas use a modern tropical language: natural materials, open living space, cross-ventilation, generous outdoor areas and a private pool for each home. Views are ocean or jungle depending on the individual villa and its position on the hillside — we tell you exactly which, per unit, rather than implying every home has the same outlook.

Built homes you can actually visit

Some villas are already built, which lets buyers walk a finished home instead of judging a development from renderings alone. Other villas are under construction or offered in presale. Published progress is documented on the construction updates page.

International buyer orientation

Most enquiries come from outside Costa Rica, so the process is set up for remote buyers: information in English and Spanish, video walkthroughs, direct WhatsApp contact with the project, and a purchase process that expects you to appoint your own independent Costa Rican attorney and use escrow. We do not act as your legal adviser.

What we do not claim

•We do not publish guaranteed or projected returns. Rental performance depends on purchase price, occupancy, nightly rate, operating costs and management.
•We do not publish appreciation forecasts for the Santa Teresa or Malpais market.
•We do not publish exact driving times, which vary with road conditions and season. Ask us and we will describe access honestly.
•We do not publish testimonials that have not been given and verified by a real buyer.

Prices, availability, specifications and timelines are subject to change and to confirmation in writing. Nothing on this page is legal, tax or investment advice.