The central‐peripheral hypothesis states that the demographic performance of a species decreases from the centre to the edge of its range. Peripheral populations are often smaller and tend to occur under different and suboptimal conditions from those of core populations. Peripheral populations can also coexist during part of their annual cycle with populations from the core of the species’ range. Studies on peripheral populations are thus valuable for broadly understanding ecological and evolutionary processes. The Two‐banded Plover (TWBP, Charadrius falklandicus, Charadriidae) is an endemic South American shorebird that breeds in Argentine and Chilean Patagonia and migrates northward during the Austral winter. There are breeding records, however, from Lagoa do Peixe National Park in southern Brazil. In this study, we (i) mapped TWBP nests, (ii) characterised their reproductive biology and nesting habitats, (iii) colour‐marked birds and evaluated their seasonal occurrence patterns and (iv) estimated the size of the Brazilian population by combining supervised habitat classification analyses and generalised additive models. We estimated that the Brazilian population has 55 (95% CI: 44.1–66.6) breeding pairs and found that the length of their breeding season was roughly 5 months, spanning the Austral spring and summer. The population’s nesting habitat differed, and their apparent reproductive success was lower than that of core populations. Unlike more southerly populations, the results of our mark‐resighting efforts demonstrate that the Brazilian population is sedentary. Taken together, these results indicate that the Brazilian TWBP population seems geographically isolated from the species’ southernmost core populations, resulting in a heteropatric distribution. Furthermore, differences in nesting habitat and year‐round residency indicate that this peripheral population is ecologically distinct. The marked behavioural and ecological differences combined with the small population at the northern edge of the TWBP distribution support the central‐peripheral hypothesis in a Neotropical system.