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Boutique hotelin Santa Teresa

Twelve rooms of about 30 m² with their bathrooms, a reception, a small restaurant and a pool, on a gently sloping lot a few minutes from the beach. The estimate comes to US$2,051,000 to US$2,935,000, likely US$2,488,000, with design, permits, VAT and a reserve.

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Where
What you are building
Built area

Storeys
Finish level
Lot
Pool
Terraces and decks

Extras
Show in

(Estimate)

Likely
Construction
Fees, permits, VAT
All in, a m² built
(The volume)

(From a budget)

What a budget builds here, with the choices above. Pick one to use it.

    (Construction, by part)

      (Design, permits and taxes)

        (What the estimate covers)

        Included

        • Construction, with the builder's profit and administration
        • Studies, design, drawings, cost estimate and technical direction, at the CFIA minimum
        • Municipal permit, CFIA charges and the INS work insurance
        • VAT at 13%
        • A reserve of 5 to 10%
        • The pool, terraces, solar, landscaping and furniture you pick, and condominium design reviews

        Not included

        • The land unless you tick it, and its legal and transfer costs
        • The water letter, a long water line or a well
        • A power line to the lot
        • Access roads and long driveways
        • A septic tank or a treatment plant
        • Condominium review fees and deposits

        Rates updated 7 October 2026, at ₡457.80 to the dollar. They price houses designed by an architect; a typical local house (Hacienda types VC01 to VC04) runs about US$640 to 1,050 a m².

        (Schedule)

        DesignPermitsConstructionDry season

        (To keep in mind)

          Send it to the studio on WhatsApp Book a free call about it

          (The project)

          • A small hotel
          • 600 m² over 2 storeys
          • High finish
          • Gentle slope
          • A 50 m² pool
          • 150 m² of terraces and decks
          • Solar panels
          • Landscaping
          • Furniture, ready to rent

          A hotel goes through the Health and Fire review in the CFIA's APC and must meet the accessibility law, and over 1,000 m² it needs SETENA's environmental viability. Santa Teresa is a long road from suppliers, which is why building here costs about 15% more than the national figures.

          (What moves the number)

          • A standard finish−US$260,000
          • A luxury finish+US$388,000
          • Without the pool−US$76,000
          • On a steep lot+US$231,000
          • 20% less area−US$457,000
          • Without furniture−US$165,000

          The likely figure, with one thing changed and the rest as above.

          (Questions)

          How much does it cost to build a boutique hotel in Santa Teresa, Costa Rica?

          About US$2,051,000 to US$2,935,000, likely US$2,488,000, with design, permits, VAT and a reserve: construction at about US$2,236 a m², and about US$4,146 a m² with everything in.

          How long does it take to build the hotel?

          About 7 months of design, 4 of permits and 27 of works, which start once the permits are in and run straight through the rains. From the first meeting to moving in, plan on 3 years or a little more.

          What makes it cost more or less?

          A standard finish: −US$260,000; A luxury finish: +US$388,000; Without the pool: −US$76,000; On a steep lot: +US$231,000; 20% less area: −US$457,000; Without furniture: −US$165,000.

          Does the estimate include the land?

          No. Titled lots of 300 to 5,000 m² listed in Santa Teresa ask a median of US$130 a m²; tick "The land" in the estimator above to add it.

          (Our work at this size)

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          3. Single-storey house with a timber facade and a long low roof behind a dry garden with a young tree Casa Alcaraván200 m² · Playa Grande
          4. Pavilion house with a timber deck and a reflecting pool among trees at dusk Tragaluz Retreat680 m² · Playa Negra
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          6. Two-storey timber and glass building with lit interiors at dusk Negra Mixed Use450 m² · Playa Negra
          7. Stepped two-storey house on a dry hillside with a plunge pool and deck S3 Houses550 m² · Playa Langosta
          8. Timber cabin cantilevered over a forested hillside at sunset Tree House75 m² · Las Ventanas
          9. Double-height living room with a stair, a timber kitchen and courtyard light Amacor House320 m² · House
          10. Café counter with a pastry case and rattan pendant lamps Dawn Patrol Bakery160 m² · Tamarindo
          11. Collage of the master plan over an aerial of the land: houses with pools along a road that ends in a turning circle, the shared buildings among the trees and the boundary as a dashed line La Perla7,120 m² · Matapalo

          An estimate to start a budget, not a quote: a builder prices drawings. Reopen and change it at

          Studio CAVA · hola@cava.design · +506 7173 7336 · cava.design

          (Start a project)

          Tell us about your property and what you want to build. We answer within a working day.

          WhatsApp +506 7173 7336 Book a free call hola@cava.design

          Where the numbers come from

          Construction starts from the Ministry of Finance's official values for each type of building, the table every municipality uses to value buildings 1. They are priced at March 2023; we bring them to today the way Hacienda updates its own manual, with INEC's construction price index and the minimum wage, which adds 0.7% for houses 2,3. Hacienda's values leave out the builder's profit and administration, so we add the 12% that detailed Costa Rican budgets carry 5, and convert at the Central Bank's selling rate of ₡457.80 per dollar on 7 October 2026 4.

          Each finish level spans Hacienda's own types: standard runs from VC05 to VC07, high from VC07 to VC08 and luxury from VC08 to VC09 (VC10, the most expensive house in the table, sits above it at about US$4,500 a m²). A hotel uses the hotel types, HT01 to HT05, and every other type, from a glamping tent to a warehouse, reads its own types in the manual from cheap to dear: standard the lower part, high the middle, luxury the top. For a house, these are houses designed by an architect, the kind built on the coast for owners and rentals; a typical local house, VC01 to VC04, comes to about US$640 to 1,050 a m² with the same method 1, which is why figures for building in Costa Rica vary so much from one source to the next.

          Prices are not the same everywhere. A builder publishes prices for four towns 6, and we scale the official values to match them: Tamarindo by 1.08, Nosara by 1.25, Santa Teresa by 1.15 and Uvita by 0.93. The rest of Guanacaste takes Tamarindo's factor, the south Pacific takes Uvita's and the south of the Nicoya peninsula takes Santa Teresa's. Where nobody publishes prices we keep the national values, which also fits the Central Valley, where materials and labour cost less than in Guanacaste 7.

          A sloped lot costs 20 to 30% more to build on, mostly in foundations, retaining walls and drainage 8; it shows as its own line. The split by part follows Hacienda's weights for one-storey and two-storey houses 1. Pools are priced as Hacienda prices them, by square metre of shell, from quartz plaster to natural stone; a 32 m² pool with tile comes to about US$35,000, inside the US$15,000 to 40,000 builders quote 1,15.

          Design and site supervision start at the CFIA's minimum fees: 6% for the four design services every project must hire (preliminary studies, anteproyecto, construction drawings and a cost estimate) and 5% for technical direction, minimums the Constitutional Court made binding again in 2024 9,10,20; many studios charge more, and fees in all run 9 to 15% 6. Permits add 1% for the municipality, 0.265% for the CFIA and about 1.3% for the INS work insurance 11,12. Construction and professional services pay 13% VAT since 1 September 2023 13; builders' published prices rarely say whether they include it, so it has its own line. In a condominium, two design reviews by its committee cost US$250 to 2,000 each 7; in Península Papagayo, three at US$2,000 plus a US$25,000 water connection 17. A reserve of 5 to 10% covers what the drawings cannot see 16.

          Solar is sized at 1 kWp per 30 m² of house and priced at ₡750,000 to ₡900,000 per kW installed 14; the yield is the town's own, from the Global Solar Atlas 18. Landscaping and furniture are priced as quoted 6,15. The schedule follows the published ranges for permits and works 6,16, and starts the works as soon as the permits are in: building goes on through the rains, and the note only flags earthworks that would fall in wet months, counting days with 10 mm of rain or more 19.

          The estimate leaves out the land, its legal and transfer costs, roads and long utility runs to the lot, and the condominium's own fees and deposits. It is a starting point for a budget, not a quote: a builder prices drawings, and the drawings decide most of the number.

          1. Manual de Valores Base Unitarios por Tipología Constructiva 2023. Ministerio de Hacienda, Órgano de Normalización Técnica (La Gaceta, Alcance 187), 28 September 2023.
          2. Índices de precios de la construcción, agosto 2026. INEC, 11 September 2026.
          3. Consejo Nacional de Salarios acuerda aumento de 2,37% en salarios mínimos. Ministerio de Trabajo y Seguridad Social, October 2024.
          4. Tipo de cambio de referencia. Banco Central de Costa Rica, 7 October 2026.
          5. Herramienta para actualizar los costos de las tipologías de viviendas de concreto más comunes en Costa Rica. Fabián Cerdas Quesada, Tecnológico de Costa Rica, 2023.
          6. Cost to build in Nosara, Tamarindo, Santa Teresa and Uvita. Build Tropical, 31 May 2026.
          7. How much does it cost to build in Costa Rica? A complete guide. CJ-ARQ, 24 September 2026.
          8. Building on sloped land in Costa Rica: a practical guide. Ticonstru, 9 April 2026.
          9. Arancel de servicios profesionales de consultoría para edificaciones (Decreto 18636-MOPT). CFIA, 1988.
          10. Sala IV anula decreto de Rodrigo Chaves sobre honorarios de CFIA. La Nación, 29 September 2024.
          11. ¿Cuánto cuesta construir una casa en Costa Rica 2024?. LAK Arquitectos, 28 March 2024.
          12. Rubros de pago CFIA. CFIA, centro de ayuda, 17 February 2026.
          13. ¿Cuál es la gradualidad que establece el Transitorio V Bis a la Ley 9635?. CFIA, centro de ayuda, 2021.
          14. Precio de paneles solares en Costa Rica. Sunshine, 2025.
          15. Cost to build in Costa Rica 2025. Real Estate Grupo, 2025.
          16. Cost of building in Costa Rica. Studio Octava, 3 February 2025.
          17. Península Papagayo Master Design Guidelines. Península Papagayo, November 2023.
          18. Global Solar Atlas. World Bank Group, Solargis, CC BY 4.0.
          19. NASA POWER daily precipitation, 2001 to 2020. NASA Langley Research Center, MERRA-2.
          20. Reglamento para la contratación de servicios de consultoría en ingeniería y arquitectura (art. 8). CFIA, in force since 3 February 2020.
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