Set within the private gated community of Tun Tun in the Tamarindo area, Guanacaste, this expansive 1.88-acre property offers an unusual combination of immediate usability and substantial development potential. Its elevated setting provides sweeping views of the Pacific Ocean, surrounding valleys, and Guanacaste’s mountain landscape. The property already includes a two-bedroom residence, allowing the next owner to live on-site, create a private vacation retreat, or begin generating rental income while planning future construction. Additional features include a covered parking and storage area and a private basketball court. Two additional building terraces have already been cleared and prepared, with water and electricity installed at each site. Positioned to benefit from the property’s natural elevation and panoramic views, these areas could accommodate additional residences, guest villas, or income-producing rental units, subject to the appropriate permits and approvals. Rather than beginning with undeveloped land, a future owner benefits from an existing home, installed utilities, prepared construction areas, and gated privacy. Live comfortably in the current residence while designing a larger primary home, build a private family compound, or develop a residential investment concept tailored to the growing demand for real estate in Guanacaste. With approximately 7,602 square meters—81,827 square feet—of land, this Tun Tun property presents a compelling opportunity for buyers seeking ocean-view land near Tamarindo with an existing residence and room to expand. It is a flexible foundation for creating a permanent home, Costa Rica vacation property, or long-term real estate investment on the country’s Pacific coast.