LUXARA / Estates
Vista Bahia
Playas del Coco · Guanacaste, Costa Rica
Your family's place in Costa Rica. Operating since 2022. You arrive, the house is ready.
Playas del Coco, Guanacaste
Costa Rica runs two seasons. Both are worth the trip.
Guanacaste's dry season (December through April) brings clear skies and steady 30°C days. The green season (May through November) is lush, quieter, and remarkable in its own way. The ocean temperature barely changes between them.
Vista Bahia is in Playas del Coco, a town with real infrastructure: good restaurants, a marina, easy airport access from Liberia. Without the overdevelopment of the more tourist-heavy Pacific towns. It is a real place to bring your family.
We acquired Vista Bahia in 2022 and have operated it since. Three years of track record. Known costs. Known rental performance. Not a hypothesis.
The property
Your access
Use it, exchange it, or let it earn.
Each co-owner share comes with owner time you can book any season, including high season. As the Luxara portfolio grows, your access goes with you. Book into any future Luxara property on the same terms.
Priority rotates year over year. No owner is permanently locked out of peak December and January dates. The full points structure and booking schedule is in the investor package.
All rental income from the property runs through the LP and distributes quarterly to every unit holder, regardless of how much time you personally used. The asset works for you either way. Owning here should not feel like an obligation.
The numbers
Capital structure and returns.
Capital structure
What it returns
4 to 6% annually
Projected cash-on-cash from rental program
5 to 8% annually
Costa Rica high-end market appreciation trend (Guanacaste)
$450 to $850 USD/night
Actual ADR: $450 shoulder · $650 high season · $850 peak
Financial projections are forward-looking estimates and are not guaranteed. Past performance does not guarantee future results. Real estate is illiquid. This offering is limited to accredited investors. Consult your own legal, tax, and financial advisors.
Why co-ownership and not just renting?
It actually costs less
Renting a comparable villa every year costs more than co-owning one. And renting leaves you with nothing but the receipt. Co-ownership gives you the same access, plus appreciation, plus rental income from the weeks you are not there.
No management headaches
The property runs without you. Zindis manages everything: guest bookings, housekeeping, maintenance, taxes, utilities, local relationships, and owner concierge. You show up when you want to. You do not think about it when you do not.
Real equity, not points
This is deeded LP equity, not a timeshare or a membership. You own a fraction of the property. You benefit when the property appreciates. You can exit through the Luxara Unit Transfer Program - owner-initiated resale of your LP units to a qualified incoming accredited investor at the then-current fair-market value.
Common questions
Everything you should ask.
How much time do I actually get?
Each share comes with an annual owner-time points allocation, redeemable for stays at Vista Bahia or at any Luxara property through the Luxara Exchange. Specific point values and the per-night redemption rate for Vista Bahia are set by Luxara, may change over time (Luxara communicates them, and may adjust as the portfolio expands). The points-redemption waterfall - what happens to unused points - is documented in the Limited Partnership Agreement. Booking priority rotates year-over-year so no owner is locked out of peak season repeatedly.
What if I want more time than my points allow?
Two options. First, additional weeks during shoulder or summer season are often available as bonus time. Second, you can purchase a second share if you need more dedicated access. We have done this with previous configurations.
Do I have to use it? What if I just want the investment return?
You never have to use it. All rental income from the property flows through the LP and distributes quarterly to every unit holder pro-rata. Whether you use your owner time or not, the asset is working for you. Some owners use all their time. Some use none. Both work.
How does the rental program work?
The weeks not allocated to owner use run as a professionally managed rental through Airbnb, VRBO, and direct booking channels. Zindis handles all operations, guest services, housekeeping, and maintenance. Net rental income is distributed quarterly to LP unit holders pro-rata.
Who manages the property when I am not there?
Zindis, our local partner in Guanacaste. They have managed Vista Bahia since 2022, handling property operations, guest services, housekeeping, maintenance, marketing, pricing, and owner concierge. You do not manage anything.
What does it cost to own beyond the share price?
Annual operating expenses (property tax, insurance, maintenance, utilities, management) are paid from the rental program. Owners are not asked for capital calls in normal operations. If a major capital expenditure arises, owners contribute pro-rata per the LP agreement.
How do I exit?
Owner-initiated unit resale through the Luxara Unit Transfer Program. Luxara facilitates the introduction of your LP units to a qualified incoming accredited investor at the then-current fair-market value (4% facilitation fee). Each transfer is an individual private transaction between qualified parties. Estimated time from decision to exit through to closing: 2 to 6 months.
Is this available to non-Canadians?
The structure is a Canadian LP. Investors outside Canada are welcome to participate, but should consult their own tax advisors regarding cross-border implications. Costa Rica grants foreign owners the same property rights as citizens.
How to buy a share
Ownership is limited to eight co-owners.
01
Request the investor package
Submit the form. You will receive the investor deck, operating history, points structure, and LP agreement summary immediately.
02
Speak with the team
Every conversation is direct. No sales team. You ask your questions, we answer them.
03
Sign and fund
Subscription agreement, accredited investor verification, capital wired to escrow.