Monday, April 11, 2011
Dear Reader,
These guys have nailed the concept. Rich dark hardwood beams, doors and closets. Big windows and sliding doors that allow living areas and bedrooms to flow into the outside gardens. Generous marble counter tops, and splash backs that rise for feet not inches. Communal gardens right outside your front door and veranda, so rich and intricate that they would be a tourist attraction if they were in North America. Owners here can just lock their doors, and leave, without worrying about watering the flowers when they hop to the beach for a couple of days.
Today’s buyer is looking for million-dollar luxury, quality, setting and finishes without the price tag. Ecuador has the lowest real estate values of anywhere on my beat. Sometimes my scouting offers up a find that brings million-dollar finishes… with an Ecuador price tag.
With homes starting at $114,000 you get that here. Here’s a video I took of one of these little homes nearing completion. Look at the quality of, and the attention that is being paid to, the internal and external finishes:
Quito is close to this community. In fact, we are only 45 minutes from its high-end suburbs and the amenities (shopping and healthcare, etc.) that go with that. Quito’s historic old town, and the chic restaurants and entertainment areas, are about half an hour further away. It’s sunnier and warmer here in this valley than in Quito. The outdoor pool looks inviting…
This project is just getting ready to be released but it’s been decades in the making. This isn’t an accountant or a salesman trying to make a few bucks. This is one man’s labor of love. Originally Swiss, this is the home of a psychotherapist turned developer. Professionally he spent his days dealing with patients. “Stressful??? he explained to me. So he needed to create his own personal refuge.
That’s where these gardens came in. These gardens are his therapy. They will be handed over to the community and maintained in their current exceptional state. He has built a new home for himself that’s part of the project and his old home is being converted into a restaurant and clubhouse for the community.
This will be the restaurant and clubhouse for the project. The views look through the gardens and into the valley beyond the outdoor pool area:
Quito’s wealthy are buying weekend retreats here to get away from hustle and bustle of the city. They have high standards. And they will only buy from someone they know and trust. It says a lot when a project like this has the attention of the local high-end market.
Stay tuned. I’ll send you my full report once final permits for the project have been issued.
Ronan McMahon
Posted Under:
Want More?
Sign up here for your free Pathfinder Alert e-letter, and we’ll send you our $50,000 Report...showcasing seven real estate opportunities for $50,000.
