Kolaboro / Projects / Costa Rica
Acquarello Residences: reviews and facts
What is published about Acquarello Residences in Playa Flamingo / Playa Potrero, Guanacaste, Costa Rica, what official registers and other sources say, and what changed over time. Facts only, each with its source.
- Developer
- not named in the sources we read
- Location
- Playa Flamingo / Playa Potrero, Guanacaste, Costa Rica
- Stage
- under construction · active coldwellbankercr.com
- Handover on record
- Q4 2027 coldwellbankercr.com
- Permit or licence number
- not published
- Deposit protection
- not researched yet
- Page we read
- coldwellbankercr.com coldwellbankercr.com
- Last checked
- 5 Nov 2026
- Open data record
- CRI-002
In short
- Acquarello Residences is listed as under construction in Playa Flamingo / Playa Potrero, Guanacaste, Costa Rica. coldwellbankercr.com
- The handover date on record is Q4 2027. coldwellbankercr.com
- No permit or licence number is published in the sources we read. grupo-zen.cr
- Of 12 developer claims we checked, 0 are confirmed by a register or an independent source, 11 are not yet verified and 1 are contradicted by another source. Open data record
What is promised
As published by the developer or on listing pages, in the wording of the source.
- Price from: USD 405,000 - 505,000 coldwellbankercr.com
- Units: 150 coldwellbankercr.com
- Unit sizes: 110 - 155 m² coldwellbankercr.com
- Unit types: 2BR house, 3BR house coldwellbankercr.com
- Service charge: HOA USD 395/month (unit F05, agent listing) coldwellbankercr.com
- Brand or operator: Acquarello (Grupo Zen brand) coldwellbankercr.com
- Permit authority: Municipality of Santa Cruz (construction permit) after SETENA environmental viability coldwellbankercr.com
- Construction start: 2025 coldwellbankercr.com
- Handover promised: Q4 2027 coldwellbankercr.com
- Original handover date: 2027-H1 (agent) coldwellbankercr.com
- developer (Grupo Zen) quarterly construction videos, Q1 2026 (published Apr 2026) grupo-zen.cr
- 2BR 120 m2 from USD 405,000 and 3BR 155 m2 from USD 505,000 (developer market study, Apr 2026) grupo-zen.cr
- agent listing unit F05 3BR 154 m2 USD 450,000, HOA USD 395/month grupo-zen.cr
- completion Q4 2027 (agent) / first deliveries mid-2027 (sales club) grupo-zen.cr
- projected gross yields 12.4% to 24.5% (developer market study, 'not a guarantee') grupo-zen.cr
- 150 homes on a 6-hectare site, 100 m from Playa Potrero (agent) grupo-zen.cr
Delivery and delay record
Every dated promise we found, how it changed and whether the date has passed. Status rules: promise tracker.
- Handover or completion: Q4 2027 date still ahead
developer or listing page, copy of 5 Nov 2026 (SHA-256 c202462773828a48) coldwellbankercr.com - Permit or approval obtained: H1 2025 date passed, no evidence either way
our research record of 1 Nov 2026 coldwellbankercr.com
Permits and licences
- No permit or licence number is published in the sources we read.
- Grupo Zen marketing manager said in Oct 2024 that SETENA environmental viability was approved and the final construction permit was expected in H1 2025; an agent page now says 'construction permits approved'. No number published grupo-zen.cr
Live check in the official registers
Queries the official registers we can reach for this country now and shows what each returns. Each answer is hashed (SHA-256); nothing is invented, a register with no data says so.
The six buyer checks
Public means the information is published. The level says who confirms it. Method: how we score.
| Check | Public | Who confirms it | What we found |
|---|---|---|---|
| Permit or licence number | no | stated only by the developer | Grupo Zen marketing manager said in Oct 2024 that SETENA environmental viability was approved and the final construction permit was expected in H1 2025; an agent page now says 'construction permits approved'. No number published grupo-zen.cr |
| Deposit protection | no | not published | No escrow, trust or bank guarantee mentioned by the developer or agents grupo-zen.cr |
| Construction progress | yes | stated only by the developer | Grupo Zen news page with Q1 2026 site videos (Apr 2026) and a statement that owners get monthly photo reports; a sales club update (May 2026) says framework complete on most homes and windows being fitted grupo-zen.cr |
| Floor or site plans | no | not published | Only unit sizes (2BR 110-120 m2, 3BR 142-155 m2) and renders; no floor plans seen grupo-zen.cr |
| Developer track record | yes | stated only by the developer | Developer site claims two decades, 'thousands of residences' and US$140M sales, with brands Urbano, Acquarello and Nerea, but no named completed project with units delivered grupo-zen.cr |
| No guaranteed returns | yes | not published | Developer market study (Apr 2026) projects gross yields of 12.4% to 24.5% based on AirDNA and states it is not a guarantee of returns grupo-zen.cr |
Developer claims we tested
| Claim (source wording) | Result | Checked against | Source |
|---|---|---|---|
| Developer is Grupo Zen, construction by MCI Ingenieria | not verified yet | grupo-zen.cr | |
| About 150 homes on a 6-hectare site | not verified yet | estebanestates.com | |
| SETENA environmental viability approved | not verified yet | es.linkedin.com | |
| Construction permits approved | not verified yet | estebanestates.com | |
| Concrete framework complete on most homes (May 2026) | not verified yet | smartmoneyhomes.com | |
| Completion date: Q4 2027 (agent) vs first deliveries mid-2027 / H1 2027 (sales club and agent) | not verified yet | dominicalrealty.com | |
| Unit F05 size: 154 m2 in description vs 17,843 sq ft in listing field | contradicted | dominicalrealty.com | |
| Prices USD 405,000 (2BR) and 505,000 (3BR); early buyers paid 286,800 and 386,800 | not verified yet | smartmoneyhomes.com | |
| Only nine homes left for sale (May 2026) | not verified yet | smartmoneyhomes.com | |
| Projected gross yields 12.4% to 24.5% | not verified yet | acquarello-market-study.pages.dev | |
| Buyer deposits protected by escrow | not verified yet | dominicalrealty.com | |
| Grupo Zen has delivered thousands of residences over two decades | not verified yet | grupo-zen.cr |
What changed, with dates
- No dated change recorded yet.
- Fingerprint of the developer page text on 5 Nov 2026: SHA-256
c202462773828a48.... Anyone can check it on kolaboro.com/verify. kolaboro.com/verify
Public reports
What public sources report, with the link. We list reports; we do not judge the developer.
- No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read.
About the developer
The developer is not named in the sources we read, so there is no developer page.
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Market context: Costa Rica
- We track 9 projects in Costa Rica. 0% publish a permit or licence number and 11% state deposit protection. kolaboro.com/m
Buyer reviews
There are no verified buyer reviews of Acquarello Residences yet. We publish a review only from a buyer who proves the purchase (fingerprint of the contract or receipt, signed with a passkey) and only after a moderator has read it.
Reviews waiting for moderation are not shown.
Right of reply
Are you the developer? Send documents and we add your reply to this page. Found a wrong fact? Tell us and we correct it with a dated note.
Reply as the developer Report a correction Questions to ask the developer
Before you pay
Paste the project link for a free live check of what official registers say. For a full desk review and a site visit by a local agent, order the pre-purchase check.
Questions buyers ask
Is Acquarello Residences legit?
Kolaboro does not label projects or developers. What the public record shows: No permit or licence number is published in the sources we read. Of 12 developer claims we checked, 0 are confirmed by a register or an independent source, 11 are not yet verified and 1 are contradicted by another source. The handover date on record is Q4 2027. No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read. Check the sources on this page and ask the developer for documents before paying.
When will Acquarello Residences be delivered?
The handover date on record is Q4 2027.
Who is the developer of Acquarello Residences?
The developer is not named in the sources we read.
Does Acquarello Residences have a permit or licence?
No permit or licence number is published in the sources we read.
Are there reviews of Acquarello Residences?
There are no verified buyer reviews yet. Buyers who prove their purchase can submit one; it is published after moderation.
Sources
Every fact on this page links to its source. Pages we read are fingerprinted and kept by date.
- coldwellbankercr.com https://www.coldwellbankercr.com/property/3-bed-condo-for-sale-in-playa-flamingo/23995
- grupo-zen.cr https://www.grupo-zen.cr/en/news/avance-obra-acquarello-playa-q1-2026
- acquarello-market-study.pages.dev https://acquarello-market-study.pages.dev/
- es.linkedin.com https://es.linkedin.com/posts/grupo-zen_progreso-tangible-en-flamingo-la-costa-dorada-acti...
- smartmoneyhomes.com https://smartmoneyhomes.com/acquarello-flamingo-may-2026-construction-update/
- dominicalrealty.com https://www.dominicalrealty.com/property/3-bed-condo-for-sale-in-playa-flamingo/18318
- estebanestates.com https://www.estebanestates.com/acquarello-flamingo
- grupo-zen.cr https://www.grupo-zen.cr/
- holprop.com https://www.holprop.com/s/sale/cr62295588/
- potrerobeach.com https://www.potrerobeach.com/news/41-acquarello-flamingo-project
Last checked 5 Nov 2026. How we collect data: data policy. Facts quoted from sources are shown in the language of the source.