RICO REALTY
Our team at Rico Realty has a combined 80-years of experience in the real estate business at Lake Arenal. Founded in 1995, we were the first real estate company in the area: specializing in mountain and Lake Arenal properties. We’ve lived here fulltime for over 30 years. Jim, Rene and Elisabeth take pride in exceeding the expectations of their customers. We strive to provide you with unparalleled service.
Whether considering an investment property, buying a vacation home, or contemplating a move to Costa Rica, the Rico Realty team will serve as your insightful advisors and advocates. We’ll help you make the right and safe real estate decisions to ensure a positive transition to Costa Rica and a Pura Vida experience. Because we’re selling dreams and lifestyles…not just properties!
GARDEN OF EDEN: Lake View Home and private Gym (potential Income producer)

- Price
- $280,000
- Status
- Active
- Listing Type
- Residential Sale
- Images
- 31
- Property Type
- House
- Beds/Baths
- 3/2
- Location
- San Luis, Tilarán, Tilarán, Guanacaste, Costa Rica
- Location Type
- Countryside
- View Type
- Eastern View, Garden View, Lake View, Mountain View, Northern View, Western View, Wooded View
- Total Lot Size
- 2,140.19 m² (23,036.72 sq ft)
- Total Living Area
- 100.00 m² (1,076.39 sq ft)
53 properties available
Lake And Volcano Arenal Parcel With Self Sustainable Potentail: For Those Who Want To Be Off The Grid

- Price
- $745,000
- Status
- Active
- Listing Type
- Land Listing
- Images
- 9
- Property Type
- 50% Potrero 50% Montana
- Location
- Rio Chiquita, Tronadora, Tilarán, Guanacaste, Costa Rica
- Location Type
- Mountain
- View Type
- Lake View, Other
- Total Lot Size
- 76.53 ha (189.11 acre)
The property has over 26 natural springs and 7 waterfalls within the site boundaries.Located on the south side of Lake Arenal, west of the volcano. Although several smaller towns are adjacent to the site, Tilarán is the regional governing city and is west of the property about 30 minutes away by car. Fortuna is a large city located at the base of the volcano and is about forty-five minutes away. The property is home to hundreds of species of flowers and plants including orchids, wild raspberries, water apple trees, avocados, and many more.
FIVE CORNERS WITH A VIEW - Multiple use property: Private estate, Fairground, Eventcenter, Expo, Open-Air restaurant. Put your ideas to work.

- Price
- $269,000
- Status
- Active
- Listing Type
- Commercial Sale
- Images
- 23
- Property Type
- Mixed Use Building
- Beds/Baths
- 1/1
- Beds
- 1
- Baths
- 1
- Location
- San Luis, Tilarán, Tilarán, Guanacaste, Costa Rica
- Location Type
- Countryside
- View Type
- Greenbelt View, Lake View, Mountain View, Northern View
- Total Lot Size
- 0.53 ha (1.31 acre)
- Total Interior Area
- 60.00 m² (645.83 sq ft)
Reduced from $329,000.-- This well maintained US Standard home comes completely furnished and features an expansive deck with an awesome view of Lake Arenal, a large living room with panoramic windows, sectional sofa, large RCA Smart TV, twin bed, a spacious bedroom with queen bed, armoire, and desk. The kitchen has a center island with four barstools, new refrigerator, stove, microwave, two large metal pantries, open shelving, and a stackable washer/dryer. In the bath you will find a lovely new glass corner shower with an on-demand water heater. This adorable home features air conditioning, ceiling fans, high ceilings, and WiFi, with easily maintained ceramic tile floors.Additional amenities include a beautiful covered patio, carport, an off-site monitored alarm system with outside security cameras, a lighted observation tower with a spectacular view of the Arenal Volcano, and for the passionate artisan bread- and pizza bakers there is a custom built outside woodfire oven. In addition, there is a large 50’ x 60’ commercial building with a new roof, new metal siding, two lockable storerooms, two bathrooms, lighting, fans, and a brand new wooden stage and dance floor. This building could be used for a myriad of purposes such as a retail store, event center, plant nursery, school, or for industrial purposes with a large grassy parking area. It could be rented out separately for additional income. This 1.3 acre property is completely fenced and beautifully landscaped with tropical plants, grass, and native trees. The property is located at one of the most beautiful spots in the Guanacaste area of Costa Rica with a fabulous view of Lake and Volcano Arenal. It is perfect for those who love to enjoy fabulous sunrises and sunsets, and the surrounding trees teeming with tropical birds including toucans and parrots. Located on the southwest corner of the lake, this property is very private, with an electronic gate driveway entrance, but easy access to the lake road Route 142 which connects the area with the Panamerican Highway. It is a two minute walk to the bus stop with multiple daily embarkments to Nuevo Arenal, Tronadora, and Tilaran, and only a few minutes drive from the latter. Tilaran is a quaint little town that is considered one of the best small communities in the country with many amenities including grocery stores, banks, hardware stores, restaurants, bakeries, medical facilities and other necessities. It is also only a little over an hour drive to the fast growing capital city of Guanacaste Province, Liberia and its International Airport. Another 30 minutes drive takes you to the Pacific Beach of Playa Coco and many other wonderful beach choices up and down the Nicoya Peninsula. Our advantages on Lake Arenal are the cool breezes, fresh air through the forests and the purest drinking water in the country. The earth is so rich here,that everything grows quickly.
Vistas del Aguacate: 12+ Acres lake and volcano view parcel, subdividable

- Price
- $639,000
- Status
- Active
- Listing Type
- Land Listing
- Images
- 7
- Property Type
- Agricultural Land
- Location
- Nuevo Arenal, Arenal, Tilarán, Guanacaste, Costa Rica
- Location Type
- Countryside
- View Type
- Eastern View, Lake View, Mountain View, Southern View, Wooded View
- Total Lot Size
- 4.92 ha (12.16 acre)
Large size property with a basic farm house and outstanding views of Lake and Volcano Arenal, accessible through the paved lake road. Suitable for residential subdivision (subdividable into 5 or 6 lots), hobby farm/private estate or commercial use. No buildings can block the lake view as the land between this parcel and the lake is owned by ICE (government). The property is only a 15 Minutes drive away from Nuevo Arenal.
Jungle Retreat Luxury Home-2, Cabins and Rancho on 4 Acres

- Price
- $685,000
- Status
- Active
- Listing Type
- Residential Sale
- Images
- 25
- Property Type
- 2 Cabinas
- Beds/Baths
- 5/4
- Beds
- 5
- Baths
- 4
- Location
- Tilarán, Tilarán, Guanacaste, Costa Rica
- Location Type
- Mountain
- View Type
- Lake View, Other
- Total Lot Size
- 1.69 ha (4.18 acre)
- Total Living Area
- 350.00 m² (3,767.35 sq ft)
This unique property has all of what Costa Rica has to offer. Luxury Home with 3 bedrooms, 2 baths, large living area with spacious kitchen and dining area. Abundance of storage with full size garage/laundry area. A shop for your favorite hobby! Manicured gardens with a tilapia pond outside the main house. 2 cabins for family or B&B travelers with separate rancho for entertainment and BBQ. The best of all worlds as far as location, feels like a jungle retreat with the river below yet only 5 minutes from the Municipal "hub" of the Arenal area Tilaran.
Amazing Lake View Property: VILLA DI LAGO - Potential B&B - Price Is FIRM

- Price
- $349,000
- Status
- Active
- Listing Type
- Residential Sale
- Images
- 46
- Property Type
- House
- Beds/Baths
- 4/2
- Beds
- 4
- Baths
- 2
- Location
- Nuevo Tronadora, Tronadora, Tilarán, Guanacaste, Costa Rica
- Location Type
- Countryside
- View Type
- Bay View, Lake View, Mountain View
- Total Lot Size
- 2,000.00 m² (21,527.74 sq ft)
- Total Living Area
- 200.00 m² (2,152.77 sq ft)
This modern home is situated on a half acre lot (2000 m/2) in one of the most desirable areas and upscale neighborhood of Tronadora/Lake Arenal, with a unique view over the lake, the sunset, the island of Santa Elena, the surrounding mountains, and Tenorio and Miravalles volcanoes. . The two-story home was built in 2015 and completely remodeled, upgraded and significantly enlarged in 2020. The main floor includes a large open living room with a dining area, gourmet kitchen, and access to a large balcony. Two bedrooms with walk-in closets and a large bathroom. The lower level consists of a spacious living room with a kitchenette, two bedrooms and a large bathroom. The two levels are connected by a covered external staircase, allowing this property to be used as a family home, or as 2 separate units. Perfect for AirBnB. Live in one unit and generate income with the other unit. Some of the details are brand new PVC coated windows and sliding doors. German sewer, electric gate at the entrance to the property. New tile floors, granite counter tops, all new appliances including a wi-fi controlled electric range and oven. The house is being sold furnished with, among other things, an elegant Italian leather sofa and handmade furniture. The beautiful gardens are planted with numerous ornamental plants and fruit trees, such as papaya, lemon, tangerine, mango. Lake Access can be reached in 1 minute by car or 5 minutes walking. The town center of Tronadora is 2 driving minutes away. The drive to Tilaran takes 10 minutes, Liberia (intl. airport, Walmart etc) 1 hour, the nearest beaches 90 Minutes.
CASA VIENTO: Heaven on Earth - potential B&B or vacation rental

- Price
- $800,000
- Status
- Active
- Listing Type
- Residential Sale
- Images
- 23
- Property Type
- Multi family compound, B&B, Vacation rental.
- Beds/Baths
- 8/6
- Beds
- 8
- Baths
- 6
- Location
- El Aguacate, Tierras Morenas, Tilarán, Guanacaste, Costa Rica
- Location Type
- Countryside, Lakefront, Mountain
- View Type
- Eastern View, Lake View, Mountain View, Southern View, Other
- Total Lot Size
- 3,998.47 m² (43,039.00 sq ft)
- Total Living Area
- 400.00 m² (4,305.55 sq ft)
The stunning 180 degree view of Arenal Lake, Volcano and Sunsets is only 1 of many features of this property. On beautifully landscaped grounds we find 3 homes (2 story with balcony each), 1 common building with kitchen and a large storage building including the laundry area. The property is suitable for large families or groups of friends to spend weekends and holidays at the lake, or use it for additional income as a B&B or vacation rental. The property is almost 1 acre of size with large parking areas and plenty of additional space for additional buildings, a pool and / or organic garden to grow healthy food. The property is located on the north-west side of Lake Arenal and only a few minutes from the main road surrounding the lake. The drive to the nearest larger town Tilaran takes less than 30 Minutes and a trip to Liberia (intl. airport, Walmart), or the nearest beach can be accomplished in less than 2 hours.
Tim´s automotive shop: Well established mechanical and body shop

- Price
- $450,000
- Status
- Active
- Listing Type
- Commercial Sale
- Images
- 4
- Property Type
- Mechanical repair and body shop
- Beds/Baths
- -/2
- Baths
- 2
- Location
- Tilarán, Tilarán, Tilarán, Guanacaste, Costa Rica
- Location Type
- Urban
- View Type
- City View
- Total Lot Size
- 763.00 m² (8,212.83 sq ft)
- Total Interior Area
- 700.00 m² (7,534.71 sq ft)
DISTRESS SALE: This well established mechanical car and body shop has been in business for over 30 years. The owners are now ready to retire and open to offers. Excellent location ! Great value ! All business licenses up to date ! The building is currently used as car repair shop but there are more options for future usage (Gym, Grocery store, hotel etc.) Gut etablierte Autowerkstatt (Mechaniker und Karosserie) ist seit über 30 Jahren im Geschäft und die Besitzer haben beschlossen dass es an der Zeit ist in Rente zu gehen. Sie sind daher für Angebote offen. Erstklassige Lage, guter Preis. Die Immobilie hat alle Lizenzen die für eine Autowerkstatt notwendig sind, sie kann aber auch für andere Zwecke umgebaut werden (Fitnesszenter, Supermarkt, Restaurant, Hotel etc)
BOUGAINVILLEA MANSION: Custom designed Villa, Guest house and Vehicle

- Price
- $495,000
- Status
- Active
- Listing Type
- Residential Sale
- Images
- 51
- Property Type
- House
- Beds/Baths
- 5/3
- Beds
- 5
- Baths
- 3
- Location
- Nuevo Tronadora, Tronadora, Tilarán, Guanacaste, Costa Rica
- Location Type
- Countryside
- View Type
- Garden View, Greenbelt View, Lake View, Mountain View, Northern View, Wooded View
- Total Lot Size
- 1.13 ha (2.79 acre)
- Total Living Area
- 280.00 m² (3,013.88 sq ft)
In the heart of almost 3 acres of lovingly landscaped and well maintained tropical garden, we find this sun-filled, professionally designed and tastefully furnished home of over 2700 square feet of construction, as well as an 810 square feet guest- or caretakers home. The main residence includes a large 2 car garage with a 1999 Ford pick up extend-cab ,V8, gas, The main residence has a large open living-dining-kitchen area with balcony, lake and garden view, the Master-bedroom with balcony, private bath and walk-in closet on one side of the living area, and 2 bedrooms with shared bath and laundry room on the other side. One of the guest bedrooms has a small balcony, and all 3 bedrooms have lake view. The home includes all furniture and is move-in ready. Some of the features are quality ceramic tile on floors and bath walls, flagstone on outside walls, granite counter tops, tropical high quality wood furniture and trims (termite and mold resistant), modern appliances, arched aluminum windows with screens, balcony glass railings, driveway and patio area covered with concrete paver, security gates and bars, designer furniture, large selection of household items. The second small home offers 2 bedrooms and 1 bath, an open living-dining-kitchen area, front terrace and the laundry room. Located at the outskirts of Tronadora and walking distance to lake access, a drive to Tilaran takes approximately 15 Minutes, Liberia 90 Minutes (Intl. airport, Walmart etc) and 2 hours to the nearest Pacific beaches. A trip to San Jose takes around 3 hours.
Privacy & Tranquility: Get Away Bungalow

- Price
- $150,000
- Status
- Active
- Listing Type
- Residential Sale
- Images
- 9
- Property Type
- House
- Beds/Baths
- 1/2
- Beds
- 1
- Baths
- 2
- Location
- Río Piedras, Tierras Morenas, Tilarán, Guanacaste, Costa Rica
- Location Type
- Mountain
- View Type
- Eastern View, Lake View, Wooded View
- Total Lot Size
- 2,691.36 m² (28,969.44 sq ft)
- Total Living Area
- 80.00 m² (861.11 sq ft)
True Costa Rica living with some US comforts. Rustic lake view bungalow with spectacular views of Lake Arenal and the magic Sunset. The home is divided into 2 sections which are united by a small garden, still under the same roof, with a large veranda in front and a yacuzzi tub. Section 1 has a large open concept living/dining/kitchen with a bathroom that could be converted into a laundry room. Section 2 consists of a huge bedroom, closet and full bath. Tropical hardwood walls, floors and ceilings, large panorama windows and sliding doors, built in kitchen cabinets are some of the many features of this home. The property is in a short distance to the popular windsurfing/kitesurfing site Tico Wind with public lake access. A 30 Minutes drive takes you either to the municipal hub, or to Nuevo Arenal in the other direction. In 90 Minutes you reach the next large town Liberia with its International Airport LIR, numerous shopping opportunities and several first class private hospitals. Enjoy a day trip to the Tabacon hot springs and La Fortuna, to Monteverde cloud forest, or the many outdoor activities available in the area, such as watersports, hiking, biking, horseback riding etc. This home is priced to sell at $150,000.-- FIRM
Lake Arenal Hotel & Resort: Well established Hotel overlooking Lake Arenal

- Price
- $2,000,000
- Status
- Active
- Listing Type
- Commercial Sale
- Images
- 14
- Property Type
- Hotel/Resort/Hostel
- Beds/Baths
- 21/21
- Beds
- 21
- Baths
- 21
- Location
- La Tejona, Santa Rosa, Tilarán, Guanacaste, Costa Rica
- Location Type
- Countryside
- View Type
- Eastern View, Garden View, Greenbelt View, Lake View, Mountain View, Northern View, Wooded View
- Total Lot Size
- 4.45 ha (11.00 acre)
- Total Interior Area
- 3,000.00 m² (32,291.60 sq ft)
Outstanding business opportunity. Hotel / Resort / Restaurant / Brewery, successfully operating since 1992. The Hotel has 21 rooms with private bathrooms, some with a fireplace and/or kitchenette. Large swimming pool, large jacuzzi, tennis court, large laundry area. Excellent road access, professionally landscaped gardens and green zones. Dairy and pigs on the farm for a great family attraction! Most of the electricity comes from renewable sources (solar, biogas) which keeps the utility bills to a minimum. The bar is rented to a third party and pays a free and clear 25% of total income on a per month basis just as is the restaurant kitchen that pays 15% of plate sales per month, both year round. Note all related expenses including electricity, employees and all purchases generating sales and taxes are paid by the bar-restaurant tenants. The local Chef and his partner are trained in international cuisine, both are dedicated to the restaurant and the client's experience! Great food, great ambiance, and musical events on a regular basis. The on-site 3.5 barrel Regional Brewery pays $2,000 rent per month on 100m2 space and serves as the main attraction for the bar-restaurant. The brewery produces six types of beer, selling them not only at the bar/restaurant but also at La Fortuna Pub and the Monteverde Beer House with additional sales in the capital city ( San Jose), Jaco, and Coco beach among others! The off-premises sales generate traffic to the bar restaurant, quite unusual for a hotel to be known for great and reasonably priced food here in Costa Rica. Appraised at $2,600,000.-- the hotel is offered for sale at $2,000,000.-- or a 51% ownership at $1,326,000.--