Friday, Nov. 28, 2008
Salinas, Ecuador
I’ve just returned from a scouting trip to Ecuador where I took a look at the real estate opportunities in and around Salinas. I focused mainly on an early-in beachfront deal in a popular beach resort.
Less than a two-hour drive from the international airport in Guayaquil, Salinas is at the southern end of La Ruta del Sol, an area with a string of fishing and beach towns stretching up Ecuador’s Southern Pacific Coast. Its crescent-shaped, 9.5 miles of wide sandy beach have made it Ecuador’s “in” playground for sunbathing, boating, surfing, sport-fishing, and just about any other water or beach activity you can think of.
The beachfront is lined with upscale high-rise apartments, hotels, excellent restaurants, shops, and discos…giving Salinas a stylish, Miami-Beach ambience–sun-worshiping and water sports during the day, and fine dining and a vibrant nightlife scene once the sun goes down.
The project is Spondylus II, a new condominium community being built at the edge of a tranquil, semi-private beach a few miles north of the malecón (boardwalk) in the Costa del Oro area of Salinas. It’s located near the Puerto Lucia Yacht Club, a popular destination for international sailors and an embarkation point for world-class deep-sea fishing charters.
Construction at Spondylus II began in March of this year, and the developer is offering 28 Phase I units at special pre-completion prices of between $102,000 and $150,000.
That’s for a spacious (1,248-square-feet), three-bedroom, two-and-a-half-bath condo with luxurious touches such as porcelain tile floors, imported granite countertops, ceramic tile baths…and a view of the Pacific Ocean from your private balcony.
You do need to be aware that these prices are Ecuadorian-style, which means that appliances, air-conditioning, and hot water heaters are not included in the price–most Ecuadorians prefer to buy at a lower price and install the appliances themselves.
However, the developer has told me that he can provide pricing to have those items builder-installed, if you wish. He is also working with a local furniture retailer to get a special offer for a furniture package.
The real beauty of this early-in deal, though, is that just over $100,000, you’re locking down a piece of prime beachfront real estate in a market that is just now emerging on the offshore market. And with the way beachfront property is grabbed up once word gets about a new “discovery”…a couple of years from now you may look back on this opportunity as a real steal.
Spondylus II is just minutes from grocery stores, a shopping mall, a country club, yacht clubs, restaurants, medical clinics, and the many other amenities of Salinas.
Plans for the condo community include 24-hour security, an oceanfront social area for exclusive use by unit owners and their guests, a gym, pool, Jacuzzi, sauna, and a secured parking area.
And, of course, you’ll have direct access to the inviting sand and surf…just steps from your front door.
If you’re interested in snapping up a unit at Spondylus II for as little as $102,000, I encourage you to click here now. With the huge demand for prime oceanfront property these days, I won’t be surprised if these initial 28 units sell out quickly.
Margaret Summerfield
Director, Pathfinder Ltd.
Editor’s Note: If you would like to check out what’s happening in Ecuador for yourself why not join us in Quito for our Ultimate Event in March and take advantage of Pathfinder’s post-conference real estate tours of Salinas, Manta, Cotacachi, Quito, Cuenca and Vilcabamba. This will give you a real taster to see if living or investing in Ecuador is for you. Sign up here today.
Note: Please note that Spondylus II is a client of Pathfinder. To learn what that could mean for you, read this disclosure policy.
Further Resources:
Ecuador is one of our favorite countries to retire to. The main reason it scored so highly in our 2008 Global Retirement Index is it’s excellent climate–it is often referred to as the “Land of Eternal Spring.” Find out more here: http://www.internationalliving.com/index.php/Countries/Ecuador/Country-Archive/09-17-08-climate
Ecuador is certainly a good choice of place to buy a second home but if you would like to see where else in Latin America you can get excellent value property right on the beach we have the essential read for you: http://www.web-purchases.com/120SYSHS/E120JBY5/
Read Suzan Haskins article on how Ecuador has seen some very positive changes over the last five years, here: http://www.internationalliving.com/Countries/Ecuador/Country-Archive/Spotlight-on (FOR INTERNATIONAL LIVING MAGAZINE READERS ONLY)
