Very few properties in Santa Teresa offer immediate income in one of the town’s most desirable locations while still leaving significant room for growth, this is one of them.

Located just steps from the ocean in one of the most sought-after areas of central Santa Teresa, this fully operational property offers immediate cash flow with clear upside potential.

Set on a 370 m² lot, the property features seven fully equipped apartments, including a mix of one-bedroom units and studio apartments, each averaging approximately 35/40 m².

All units are beautifully designed, fully furnished, and equipped with air conditioning, making them immediately operational for short-term rentals.

The property has been operating successfully for over 10 years and has built strong market credibility with 500+ guest reviews, providing a valuable foundation for future owners.

A major advantage is the property’s hotel and commercial zoning, creating multiple paths for future optimization. A new owner could continue operating the apartments as hospitality rentals, introduce retail spaces, create a mixed-use concept, or further enhance the hospitality experience.

There is also available space to add a private pool, which could significantly increase nightly rates and overall property performance.

The property is located on a public road, fully legal, with all documentation in order, and includes a water reserve system already in place.

The current operation generates approximately $65K in net annual income, but the asset remains under-optimized from a marketing and revenue management perspective. With stronger branding, pricing strategy, and operational improvements, the property offers clear potential to reach significantly stronger returns.

In a location where walk-to-beach commercial hospitality assets rarely trade publicly, this represents a highly strategic investment opportunity with both immediate income and long-term upside.