21 January 2015 .
This week I closed on my newest Ecuador property.
Four 330m2(3552ft2) lots, together, with an oceanview a short walk from the beach in Puerto Cayo. The lots are flat and have road access, water, internet and electricity nearby (which matters!).
…build a townhouse on each and resell. I’ll send updates on how it goes.
But for now, why’d I choose Puerto Cayo?
Just like I liked Manglaralto (a small town near Montanita) when I bought a property there 2 years ago, and then watched it explode with development, foreign investment and a subsequent surge in prices… I like Puerto Cayo entering 2015.
It’s got one of the most spectacular oceanviews of nearby cliffs and offshore islands of the whole coast of Ecuador. And rare for Ecuador, the ocean on a clear day can have a turquoise color due to the multi-color rocks beneath.
The beach has surfing, an activity that attracts foreign interest and gives people something to do. It´s something Manglaralto doesn’t have, but nearby Montanita does.
I like the proximity to the city of Manta (population about 200,000) which is about an hour away, with decent shopping, big box stores and the nearest airport.
I like that its in the Manabi province on the central part of the coast, compared to Santa Elena, the province on the southernmost part of the coast, where the locals have a serious litter problem.
I love the seafood options people have in the oceanfront cabanas near town, and that the town is relatively safe, I know folks who live there that sometimes leave their doors unlocked.
I like the fact it is a sleepy town instead of a party town like Montanita or Crucita.
I also like that there are already a good amount of foreigners and foreign investment in the area, but that you can still find cheap land if you know how to look, like I explain in my full guide.
Foreigners attract more foreigners.
In short, I think the place could explode in the short term.
What do I NOT like about Puerto Cayo?
Most would still consider Puerto Cayo a bit remote.
It still lacks a lot of things like things to do, shopping, etc.
Also, there’s not many taxis in this town for some reason, and the distances can be far to walk.
Basic services can be iffy. Not all lots have easy access to the city water system and the Internet, meaning you should inquire first!
In this area, beachfront land prices have already jumped in the last couple years due to foreign investment, the cheapest I found in my search was around $60-80 per meter. 3-4 years ago the prices started around $20-30 per meter in this area for beachfront.
But you can still find inexpensive oceanview lots a short walk from the beach for around the price I found mine at. Thats the opportunity. Foreigners love a view and Puerto Cayo has it, and at a good value for now. But the place is poised for some serious possible appreciation in the short-term (1-3 years).
So get in while you can.
NEW! OCEANVIEW HOUSE FOR SALE FROM $145k
Enjoy the best oceanview of the whole Ecuador coastline right from your porch of the islands off Puerto Cayo!
The house is a short 3 minute walk from the beach and a short walk to the center of a sleepy, safe fishing village with AMAZING seafood!
Rise in the morning and slide open your sliding glass doors and bask in the 180 degree oceanview from your porch.
Also, enjoy the safety and comfort of a small gated subdivide without all the politics of a large one.
Entertain your loved ones during a BBQ from your deck as you whale watch and entertain your closest friends and family. This beach house, built to North American standards is the place for you, all for under $1000 per square meter which is much less than the new construction residences in nearby Manta!
Year built: New! 2015
View: 180 degree oceanview
Lot size: 337.5 m2 (33750ft2)
Roof: Spanish-colonial style clay tiles
Availability: 1 finished house available only, 3 pre-construction
Construction size: one story 190m2 (1900ft2)
Distance to beach: 500 meters
Patio/deck: covered (27m2 or 270ft2)
Garage: covered, one car.
Property type: Stand alone home in small (4-5 units) gated community.
Landscaping: Desert landscaping
Master bath: His and hers sink, bath-tub. (9m2 or 99ft2)
Bedrooms: Finished wide closets with extra large windows with screens. (22m2 or 240ft2)
Water pressure: House comes with installed pump and pressure tank, plug and play.
City water: yes!
City electric: yes!
Open kitchen with island, air extractor, and granite countertops.
Spanish tile roofs
Screens for windows
Very desirable area for rentals… great possible return on investment! Duplexes in nearby vacinity are going for over $250,000 with no oceanview.
Finished! Move-in ready. Only 1 finished house available, could go quick!
For the finished house asking $159,000. For $145,000 get the same house on adjacent lot if you buy pre-construction!
For more details or a showing call 0988899774(Ecuador) or write us below and we will respond within 1 business day:
Now, how to find the best-priced properties in Ecuador? For that and more subscribe to my weekly Ecuador Insiders Newsletter below, you can unsubscribe at any time: