Beachfront condo for $55K

UPDATE: So, about an hour after publishing this post (not exactly a trivial accomplishment with an active baby that is WAY too enthusiastic for opportunities to pound my keyboard and smudge my screen…), Tom tells me that this condo unit is rented by an American couple for the next two years. Anyways, probably a good investment strategy for the owner as beachfront prices are definitely on the rise and it makes sense to hold onto and rent out properties as they increase in value. One thought is that if you want a good buy and aren’t in a hurry to move in, you should lock in this price with the owner now.

 

If you are looking for a simple and affordable beachfront purchase, here is a really
good deal that’s currently available in Crucita: $55K for a 2BR/2BA beachfront condo.

View of the beach from the balcony

Here are the details:

  • Approximately 800 square feet enclosed
  • Located on the ground floor (no stair-climbing required…a good thing since this building has no elevator)
  • Balcony looking out onto the beach
  • Constructed in 2007. The owner is the architect who built the condo building as well as the new condos next door.
  • Basic appliances included (stove/refrigerator)
  • 24 hour security. On-site maintenance available
  • Parking
  • Access to the rooftop terrace for awesome sunset viewing
  • Access to common area of the new adjacent condo building which includes a swimming pool that overlooks the beach
  • Maintenance fees are $25/month
  • Note: this unit is currently NOT plumbed for hot water. The owner has one of those electrical “suicide” electrical heater units attached to the shower head. Those things do work; Tom and I have used plenty of them in our days in Latin America but one may nevertheless consider cutting in a hot water line and installing an on-demand gas powered water heater…

 

For more details and photos, go to: http://ecuadorbeachfrontproperty.com/Condos2.html

Condo price and sales update

Lynn and I took a moment recently to pause for Thanksgiving, visit with family, and get caught up on things. We’re in Texas now, after having made our way from Chicago to Mobile, AL on the inland waterway system! It felt great to head south toward warmer climes… but the cold weather lately has us missing Crucita!
We’ve had continued interest in the Crucita Condos and I’ve updated the Condos page. The prices have risen a bit as the construction continues and I suggest getting in soon. Three units are sold and two are reserved under contract as I write this on December 1, 2009.
I’m posting the floorplans for the Condos here so you can get an idea of just how much space is available. There is still time to work with the architect to customize these plans if you have a different layout in mind.
Eduardo has been doing a great job showing visitors our available lots and the condos. I also recently updated our Services page with info on staying with Eduardo and Paula while you’re in town at their condo. They offer full service dropoff and pickup transportation from the Manta Airport and are happy to show you around Crucita, Portoviejo, and Manta. Get in touch and plan a trip!


Condo update – one more floor poured and ready!

Progress continues at a rapid pace on the Crucita Condos we highlight on our website! Click here for the webpage.

Here is the fourth story being poured two days ago.

Here is the finished product the next day with workers already going on the columns for the fifth floor!

This is the view from the top of the freshly poured floor…

and one from the second story with the palm trees in the foreground.

Here are my parents enjoying the beach… we stayed in one of the finished condos for a month to get a feel for them. We had numerous breakfasts on the balcony overlooking the ocean and many walks up and down the beach. See a few posts back to get a feel for the beautiful undeveloped beaches to the south.
Check out the Condos page.