Costa Rica's Famed Peninsula Papagayo Unveils Two New Luxury Ownership Opportunities At Its Exclusive 1,400-Acre Private Club & Resort Community
Following Strong Year-End Sales, Destination Announces Bahías, a Limited Collection of Private Family Compounds by Antoine Predock and Official Sales Launch for Andaz Costa Rica Residences
GUANACASTE, Costa Rica, April 8, 2021 /PRNewswire/ -- Peninsula Papagayo, Costa Rica's 1,400-acre premier resort and private club community, has announced the release of two new and exclusive luxury residential ownership opportunities amid a surge in buyer demand for homeownership across the peninsula. Bahías Peninsula Papagayo, is a rare collection of 13 private family compounds designed by renowned architect and AIA Gold Medalist, Antoine Predock. Situated atop one of the Peninsula's prized promontories, the Bahías Residences showcase spectacular design and offer the ultimate in seclusion, with prices starting in the low six-million-dollar range. The highly anticipated Andaz Costa Rica Residences at Peninsula Papagayo has officially launched sales for its enclave of 25 fully serviced residences adjacent to the existing Andaz Costa Rica Resort at Peninsula Papagayo. The Andaz Costa Rica Residences feature stunning views and private plunge pools in every home, with prices starting in the low one-million-dollar range.
The unveiling of these two new opportunities follows a season of unprecedented market demand at Peninsula Papagayo. Sales in the first two months of 2021 surpassed $90 million, following on the heels of another record year in 2020.
"Costa Rica, particularly Peninsula Papagayo, has reached a tipping point in demand, underpinned by a shift in lifestyle and priorities of the affluent second-home buyer," said Donald McGregor, head of development for Latin America at Gencom, developer and co-owner of Peninsula Papagayo. "Papagayo's club and resort community aligns perfectly with the growing trend of second home buyers seeking safe havens for their families in exotic destinations offering tailored eco-adventure experiences. These two new offerings are designed to meet this demand and unlock a connection to Costa Rica's natural wonder for a new generation of families."
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