Monday, December 28, 2009
You might think that owning your own slice of Pacific Beach is outside your budget…but with today’s discount of 8% on lots, the start price for your beach house on a beach like this one is $104,712
Dear Reader,
Today’s Twelve Days of Christmas giveaway makes an affordable beach home—well, affordable again.
You’ll remember I told you about Coco Beach in Ecuador, and how affordable a beach home was here—just over $100,000 for a 1300 square foot home on a quarter acre lot.
Since then, the most affordable lots were quickly snapped up at Coco Beach. The cost of construction rose, too. Both these factors pushed the cost of that $100,000 beach home up to $108,730 (still an amazing value for a quality home on the beach).
Today’s giveaway reduces that price though, back to $104,712. The developers of Coco Beach, brothers Larry and Gary Swenson, are offering an 8% discount on lots in Phase B of their development, to the first three cash buyers.
You can choose which lot in Phase B you want (all these lots average a quarter acre, and run from $50,230 to $62,650). The 8% discount for the first three cash buyers reduces those prices to $46,212 - $57,638. This cuts the start price of a 1300 square-foot beach home on a quarter acre lot to $104,712.
Don’t delay—only the first three cash buyers will get the 8% discount. Contact the Swensons here today for more details...or read my report on Coco Beach below.
Ronan McMahon
Dear Reader,
In most countries, it’s hard to find a beach house for $100,000. I should know—I spend about 40% of my time scouting real estate near coasts.
But in Ecuador, if you’ve got around $100,000 to spend on a beach home, you can get all the trimmings—a nice house, big beach lot, upscale community.
The cost of land here is low, construction quality is high, and construction costs are the lowest I’ve seen. This means that you can buy a big piece of beach and build your own home here for $104,712—with the 8% discount offered by Coco Beach.
Ecuador has 1,400 miles of coastline. The most under-developed section of coast lies between Atacames and San Vicente. Semi-dry forest covers the hills. The beaches extend ribbon-like along the seashore—pristine, empty, and beautiful.
Life here is simple, relaxed, and friendly. Swinging in hammocks is a popular way to pass the tropical afternoons. Beach towns Canoa and Jama are popular with surfers, who pick up the pace a little at weekends.
Four miles from Jama along a new road and just outside the village of El Matal, you’ll find Coco Beach Village. I know the developers, brothers Gary and Larry, behind this gated community. They didn’t like the way the local planning authority encouraged unsightly, ecologically unsound building practices. So, impressively, they spent the past three years getting the local government to change the rules.
Thanks to Gary’s and Larry’s determination, instead of a large group of small lots with busy streets…Coco Beach has a small group of large lots—just 66 subdivisions set amid 21 acres—with two quiet streets.
Instead of a big boardwalk separating the homes from the beach…you can step out your front door and wiggle your toes in the sand.
And because all the utilities are underground, the views over the virgin beach are uninterrupted.
Every building lot will have green areas, and a thousand coconut palms spread throughout the development. You can see one of the homes in the development being constructed below.
Even in a high-end project like this, with the 8% discount on those 3 lots, you can still get a beach house for just over $104,000.
Lot sizes are big in Coco Beach, just under a quarter-acre for $50,230. Construction costs run from $35 to $60 a square foot; $45 per square foot gets you a good standard of construction. This means that a $58,500 budget builds you a 1,300-square-foot beach home in this gated community. And if you buy that discounted lot at $46,212 your beach lot plus 1,300 square foot home costs $104,712.
While today this stretch of coast is the least developed, this is set to change. Access is set to improve dramatically. This area will become the closest beach area to Quito and its new international airport. Construction on a new highway that is being built from Quito to Pedernales is well advanced. It should be completed by January 2010.
This has been the least accessible stretch of Ecuador’s coast. Work is also progressing on schedule on the bridge from Bahia De Caraquez to San Vicente. Today it is 45% complete. It will be the longest bridge in Ecuador. According to Ecuador’s President, Rafael Correa, this project is second only to Quito’s new airport in importance for Ecuador’s tourism industry.
Ecuador’s Aerogal airline recently announced that it will reintroduce 737 flights to San Vicente/Bahia with a service four days per week.
Put simply: this stretch of coast will become accessible. These projects are elements of the overall infrastructure plan, which is to connect Manta with Quito via Bahia with a 4-lane highway.
This is good news for readers of The Pathfinder Alert who have bought at Coco Beach. The project is progressing. The third house is under construction in addition to the first spec house. This stretch of coast will become more accessible and desirable. Today, you can still buy a lot and build a house here for $104,712—but only if you’re one of the first three buyers. This situation won’t last long.