A $50,000 Beach Condo…For 4 Readers Only

Tuesday, March 03, 2009

Dear Reader,

A $50,000 beach condo sounds too good to be true. Usually when things sound too good to be true, they are. Not this time.

Guayaquil is Ecuador’s most populous city and is home to an international airport. Salinas is less than two hours north, located at the southern end of La Ruta del Sol. Its 9.5 miles of wide sandy beach has made it Ecuador’s “in??? playground…perfect for sunbathing, boating, surfing, sport-fishing, and, of course, posing.

The beachfront is lined with upscale high-rise apartments, hotels, restaurants, shops, and discos. Salinas has a stylish Miami-Beach type ambience. Residents and visitors enjoy the sun and water sports during the day. The evening is for fine dining and the vibrant nightlife.

A new condominium community is being built at the edge of a tranquil, semi-private beach a few miles north of the malecón (boardwalk) in the Costa del Oro area of Salinas. It’s located near the Puerto Lucia Yacht Club, a popular destination for international sailors and an embarkation point for world-class deep-sea fishing charters.

The $50,000 condo I’m talking about is here, in the development called Spondylus II.

Despite the price tag you won’t sacrifice location or construction quality. Luxurious touches such as porcelain tile floors, imported granite countertops, and ceramic tile baths come as standard, as does a view of the Pacific Ocean in some units.

At 55 square meters, the $50,000 condo is small by North American standards. Clever design however means that these are perfect little beach condos. Anyway, the action is outdoors.

Spondylus II is just minutes from grocery stores, a shopping mall, a country club, yacht clubs, restaurants, medical clinics, and the many other amenities of Salinas. Plans for the condo community include 24-hour security, an oceanfront social area for exclusive use by unit owners and guests, a gym, pool, Jacuzzi, sauna, and secure parking. Just steps from your front door you’ll find its biggest amenity: The Beach.

I have visited 15 countries in the past year alone, scouting real estate opportunities. Ecuador is home to the least expensive and best value real estate I have seen in five years. Spondylus II is the cream of the crop both in terms of quality and price. As an added bonus, Ecuador has the lowest cost of living of any country I have visited. Expats live comfortably here on $600 per month. If you thought you couldn’t afford to quit the day job and live on the beach you may need to reconsider.

But…there is a catch. There’s only six of these $50,000 (give or take a few bucks depending on unit size) condos. They won’t last. The folks in Spondylus will allocate units on a first-come-first-served basis. If you’re interested, contact them here.

Ronan McMahon

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Posted Under:

ecuador, beachfront, emerging market

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