Investment of 3+ Hectares in Growing Neighborhood
With panoramic views of the mountains and town of Malacatos below, this beautiful 3.36-hectare (8.3-acre) piece of land inside of a small development boasts an ideal opportunity to build your own countryside estate or subdivide to sell off lots!
Over 1 hectare of the land is flat and the remaining land slopes but is still usable as it is not too steep. This sloped area is currently covered with a natural forest of local trees. There is road access to the lower flat area and a lesser-used and rougher road going to the upper part of the land.
The area where this property is located, El Carmen, is very sought-after to build beautiful homes, so property values are continuing to rise making this land a great investment. This means after buying the land, you can subdivide and sell off lots to make a profit.
The property has access to nearly all basic utility services like potable water, electricity, fiber optic internet, cell signal. A sewage would need to be installed.
Location: Malacatos, Loja, Ecuador
Property Size: 3.36 hectares (8.3 acres)
Construction Size: 63.79 m2 (686 ft2)
Population: 7,114 inhabitants (Malacatos)
Altitude (town): 1,470 m. (4822 ft.)
Distance to Malacatos: 6 minutes by car
Distance to Vilcabamba: 20 minutes by car
Distance to Loja: 35 minutes by car
Distance to Airport (Catamayo): Approx. 1:30 hour by car
Annual precipitation (Malacatos): 764 mm (30 in)*
-Estimated Closing Costs: $5,115
* 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.
Although located just 35 minutes from Loja, the first thing you will notice upon your descent into Malacatos Valley is the change in temperature. Green, lush landscapes, affordable prices, and an average daily high of 77° F (25° C) make it the preferred second home and vacation destination of Loja. Read More >