Building Details

Year built 2020

Listing Agency: Engel & Volkers Samara · Engel & Völkers s***@engelvoelkers.com Show Phone

Listed By: Pablo Fernandez

Added: Sep 22 Changed: Sep 23 Last Checked: Oct 7 at 1:06AM

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MLS# AM-5501254

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,691-square-foot short-term rental property comprises a boutique collection of furnished villas completed in 2020. The accommodations include eight bedrooms, air-conditioning, full kitchens, and private outdoor areas. Shared improvements include a swimming pool, lounge spaces, landscaped gardens, hammocks, BBQ facilities, and secure parking.

The property is located in Cabuya, Costa Rica, approximately a 5-minute walk from the beach. Montezuma, Santa Teresa, and Cabo Blanco National Park are identified as nearby destinations, with restaurants, nature reserves, surf areas, and other coastal amenities in the surrounding area. The villas are presented as suitable for vacation rentals, a second home, relocation, or personal use.

Key Highlights

• 2,691‑square‑foot villa property completed in 2020
• Eight‑bedroom configuration across a boutique villa collection
• Approximately a 5‑minute walk from the beach

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,429

Cap Rate

2.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$448,580 $448.6K

Cap Rate 7%

$320,414 $320.4K

Cap Rate 9%

$249,211 $249.2K

Market Conditions

NOI Build-Up for 2,691 SF

Gross rent

$42.3K $15.72/SF

− Vacancy

−$1.5K −$0.57/SF

EGI

$40.8K $15.15/SF

− OpEx

−$18.4K −$6.82/SF

NOI

$22.4K $8.33/SF

Area

Des Moines, IA

Vacancy

3.60%

Lease Rate

$15.72 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$448,580

Cap Rate 7%

$320,414

Cap Rate 9%

$249,211

Alternative Uses

Best Use

Apartment 5plus

$320.4K

$280.4K – $373.8K (±1% cap)

NOI $22,429 @ 7.0% cap · market cap 2.81%

Second Best

Hotel Hospitality

$289.2K

$253.1K – $337.5K (±1% cap)

NOI $20,247 @ 7.0% cap · market cap 2.53%

Theoretical Best

Office A

$662.7K

$579.9K – $773.2K (±1% cap)

NOI $46,392 @ 7.0% cap · market cap 5.81%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Short term rental ...

Location Intelligence

Trade Area within ½ mile

2,104

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in the U.S.

7.1% 2022

8.3% 2023

9.3% 2024

9.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this short term rental properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Short term rental property - Eight-bedroom villa collection with shared amenities, private outdoor areas, and furnished interiors near Costa Rica’s Pacific coast.

Where is this short term rental property located?

The property is located at Villas Cabuya Des Moines.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 2,691‑square‑foot villa property completed in 2020; Eight‑bedroom configuration across a boutique villa collection; Approximately a 5‑minute walk from the beach