Beachfront Development Opportunity

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Property Description

This is a wonderful opportunity to buy prime oceanfront land that you can take to the next level and develop as a beach resort! This property has some of the most beautiful beachfront land in Ecuador!   7800 square meters (2 acres) of land that was formerly a multi-building resort with a large hotel building. There are existing buildings on the land, some of which are fully functional and others that need restoration.

 

Included in the sale are the preliminary project plans for building two 30-unit condominium towers in a resort-type setting, complete with tri-circle pool, a tennis court, and a beach bar & grill. This project is a fabulous investment opportunity as you can either sell or rent out the future condominiums. 

 

Its location is perfect with the stunning beach right there, and there is also convenient access to a new paved highway that leads to the town of Puerto Cayo, a quiet village just 5 kilometers north of the property. IT is an ideal spot for relaxing beachfront vacation condominiums. 

The owner is also willing to sell half of the property and share a 50/50 partnership with the land and the project. 

 

Price: $450,000

Ref. PuertoCayo2

Property Data

 

$450,000

Location: Puerto Cayo, Manabi- Ecuador.

Property Size: 7800 m2 (2 acres)

Status: Former 51 rooms (Multiple Buildings)

Population: 3,642

Altitude (Town): 30m  ( 98ft ) 

Distance to Puerto Lopez: 40 minutes by car.

Distance to Airport: 2: 50 minutes by car.

*Much of Southern Ecuador experiences a rainy and a dry season. The dry season is approximately June through September, while the rainy season is approximately October through May.