The city of Salta is the best-preserved Spanish colonial city in Argentina
During my travels in Northwestern Argentina, I looked at two planned communities that really caught my attention. The one I’m going to tell you about today is a small project—the most affordable I’ve seen—sited alongside a river, and offering very affordable lots.
The La Pedrera project is located just outside of Salta, the provincial capital. The project is on a small river—more of a creek—with towering eucalyptus trees on its banks.
You can see the video I took of La Pedrera here.
The major attraction of the property, aside from the river, is the view of the Andean peaks that line the valley here…a view that you’ll see from each lot. They’re offering 82 lots, which vary in size from 800 to 1,400 square meters (about a quarter-acre to one-third-acres).
To get here you’ve got to pass through an unattractive industrial park, but the last two miles of the trip is quite pleasant, along a peaceful country road, through quiet pastures and farmlands.
The project has about five acres of green park space, and comes with underground electricity and water. Otherwise, it’s what I call “amenity-free”…which means negligible maintenance fees. This is a situation I like if I’m not living there full time.
But the real shock was the price. Lots at La Pedrera cost between $11,000 and $14,000 (they’re priced by the square meter) and there’s no premium for riverside lots. They will even finance 50% of the cost…so you’re in the door for less than $6,000. This is unbeatable.
The developer is a husband/wife team, and I think this is their first development. They’re not promising much in the way of infrastructure…just underground water and electricity. And those were almost finished when I was there. Three homes are already under construction.
I liked this project because it’s just two miles from Salta, where you can enjoy the best of the region’s culture, shopping, restaurants and conveniences. Yet it’s in a pastoral country setting. My idea was to buy two or more lots, and just hold them…possibly for resale once the development’s done, or maybe to build on one day.
You can get more information from the developer—Patricia Vélez—by writing to normandozuniga@yahoo.com.ar. You can write in English…but your chances of getting a quick response will be far better if you write in Spanish.
Editor’s Note: Another video you should check out today is Ronan’s briefing on “off market” real estate. You won’t get a chance to see this again for a while.
