Notice from the Owners

These are our homes. Coyol does not get to keep selling them.

Two privately owned homes at Condominio Mar Azul, Nosara, Guanacaste, were displayed in Coyol Real Estate's marketing as part of its portfolio. Those listings came down after formal demands and abuse reports. On 11 August 2026 the same homes returned to Coyol's "Available Homesites" page, offered for sale under lot numbers and specifications that are not ours. The homes are not for sale, and we are not a success case for Coyol to hold up to the next buyer. Neither owner agreed to any of this.

Location · Nosara, Guanacaste, Costa Rica
Lots · 20 & 32, Condominio Mar Azul
Notice issued · 11 August 2026

The homes Coyol is offering

The homes shown in Coyol's marketing — as they are being presented today.

On 11 August 2026, the two homes below reappeared on Coyol Real Estate's "Available Homesites" page under the names "Coyol XL" and "Modern Barn," with new lot numbers and specifications that are not ours. These are our homes — Lot 20 and Lot 32. They are private residences. They are not for sale.

Not for sale Lot 20 — frame from Coyol's opening video, captured 2 August 2026
Lot 20 — frame from Coyol's opening video, captured 2 August 2026. The home is shown beneath Coyol's own overlay: "View Homesites · Homesites from $180K · Turnkey homes from $1.2M."
Image used by Coyol Real Estate for the 'Coyol XL' listing (Lot 9) Coyol Real Estate · Available Homesites
Listed by Coyol as

"Coyol XL" — Lot 9

Actually — Lot 20, Condominio Mar Azul

Owner
Rancho Verde Riabov S.R.L.
Status
Private residence
Coyol's label
"Lot 9" · 380 m² interior
Marketing
Removed 31 Jul · re-listed 11 Aug
Opening video
Still live
Permission
None — ever

The home is not for sale. No agreement authorizes Coyol Real Estate to display, name, photograph or offer this property.

Not for sale Lot 32 — frame from the same video, captured 2 August 2026
Lot 32 — frame from the same video, captured 2 August 2026. Displayed with the identical sales overlay, two days after the removal deadline expired.
Image used by Coyol Real Estate for the 'Modern Barn' listing (Lot 23) Coyol Real Estate · Available Homesites
Listed by Coyol as

"Modern Barn" — Lot 23

Actually — Lot 32, Condominio Mar Azul

Owner
Rancho Azul Guzeman Ltda.
Status
Private residence
Coyol's label
"Lot 23" · 320 m² interior
Marketing
Removed 31 Jul · re-listed 11 Aug
Opening video
Still live
Permission
None — ever

The home is not for sale. No agreement authorizes Coyol Real Estate to display, name, photograph or offer this property.

Both homes were displayed in the "Sold & Built" section of the Coyol Real Estate websites under names, photographs and specifications the company assigned to them. On 31 July 2026 — twenty-seven days after the first formal demand, and only after abuse reports were filed with the sites' registrar — those listings were removed. On 11 August 2026, the same homes reappeared on the "Available Homesites" page, now presented as available homes for sale — relabeled "Lot 9" and "Lot 23," with specifications that do not correspond to the homes shown.

The facts, from the owners

What is true — stated by the people who own the homes.

What we have asked, and where it stands

Formal demands were made. Deadlines passed. The homes reappeared.

Each owner has sent Coyol Real Estate a formal written demand — first on 4 July 2026, and a final demand thereafter — requiring the removal of every reference to, image of, name assigned to, video footage of, and portfolio display of Lot 20 and Lot 32 from its websites and all other marketing materials, and written confirmation that our properties, their images and their existence will not be used again to market Coyol's business without our express written consent.

The deadlines set in those demands passed with no response. On 31 July 2026 — twenty-seven days after the first notice, and the same day formal abuse reports were filed with the sites' registrar — the "Sold & Built" listings were removed. On 11 August 2026, the homes were returned to the "Available Homesites" page as homes for sale, under altered lot numbers and specifications. The opening video also remains live. No response has been received at any point.

The owners' demands and filings continue, including the regulatory proceeding before the Ministry of Economy, Industry and Commerce (MEIC) concerning the advertising — to which this reappearance is being reported — the abuse reports filed with the sites' registrar, notices to the video and social-media platforms carrying the material, and delivery of the documented record to the competent authorities. The removal and subsequent reappearance do not affect the claims already accrued.

Mar Azul in the press

Independent coverage — listed for reference.

Costa Rican outlets have reported on Mar Azul. The reports below are listed so they can be read at source. This notice does not restate, adopt or endorse their contents; each publication is responsible for its own reporting.

Two of the pieces listed are opinion columns written by Alonso López Jiménez, the public-law attorney representing four owner families in this matter, including the owners issuing this notice. They are opinion, not independent reporting, and are identified as such below.

Two further pieces, marked Statement-based, were published from information supplied on behalf of the owner families rather than independently reported, and are identified as such below.

18 August 2026Statement-basedaDiarioCR

Familias de Mar Azul en Nosara escalan acciones legales

Report on four owner families escalating to the Tribunal Contencioso Administrativo after approximately a year of administrative filings, covering amparos de legalidad against the ICE, ARESEP, AyA, the ASADA Santa Marta and the Municipality of Nicoya. Quotes Alonso López Jiménez, counsel to the owner families. Published in the outlet's "Colaboración" section, which carries the outlet's standing notice that contributed pieces are the sole responsibility of their authors.

Read at aDiarioCR →
25 July 2026NewsLa Esquina 506

Juzgado ordena a administración de Mar Azul cumplir medida cautelar sin excepciones

Report on the order of the Civil and Labour Court of the Second Judicial Circuit of Guanacaste requiring the condominium administration to comply with the precautionary measure suspending the resolutions of the 25 February 2025 owners' assembly, and warning that non-compliance could amount to disobedience to authority. Quotes Alonso López Jiménez, counsel to the owner families.

Read at La Esquina 506 →