Dear International Living Reader,
While preparing a report for you on current coastal opportunities in Mexico (look for it soon), we discovered something we wanted to tell you about right away.
Puerto Vallarta is the tropical hideaway where Liz Taylor and Richard Burton fell in love. When they came here it wasn’t much more than a sleepy fishing village–a place where misty tropical mountains wrap arms around the crescent moon-shaped Banderas Bay. Today, it is one of the world’s top tourist destinations, with an international airport, pro-tourney golf courses, designer shopping, world-class restaurants…
And real estate prices well beyond the budget of the typical traveler or investor, right?
Nope.
We’ve just learned of a one-bedroom beachfront condo on offer in this town for $95,000, including security, telephone, parking, gym, on-site restaurants…and one of the world’s most romantic views.
Plus, this place has a proven rental market. You should conservatively expect a condo here to rent for 120 to 140 nights per year (high season) at $100 to $150/night and 55 to 75 nights (low season) for $60 to $100/night. That’s a minimum gross return of 16% per year assuming you buy with all cash.
For more information, e-mail Mexico@InternationalLiving.com.
Dan Prescher and Suzan Haskins
For International Living in Mexico
