Condo In Condominium Sand Dollar

Property Description: Centrally Located Condo in Tamarindo

Sand Dollar Condo is a fully furnished condo located behind the Mercadito Restaurant Market, just a 100-meter walk to the beach of Tamarindo. This is a 2-story, 2-bedroom, 1-1/2-bath condo that is fully furnished. The condominium complex only has 7 units and provides gated security, night guard, gated parking, and an outdoor storage locker. The condo has all kitchen appliances, utensils, bedding, towels, and household accessories. The HOA fees are $405 per month, covering common areas, water, night guard, pool maintenance, gardener, common laundry, and septic services. Recent upgrades include a newly tiled floor, a covered back patio, upgraded electrical and plumbing, and handmade custom hardwood furniture.

The property is in a great location, and one of the condos in the condominium complex is listed on Airbnb, so assuming one can achieve similar or better results, with an investment of $25,000, one could achieve a daily rate of $160, and an occupancy of at least 65%, the estimated return is $44,000 in the first year, or between 6.5% and 7.5%, although with investment this would be expected to increase higher.