Like Playa del Carmen and various other locations throughout Mexico, Puerto Vallarta real estate offers a healthy market with fairly stable property value growth; for this reason when large price reductions turn up from owners in a rush to sell, they are truly excellent opportunities for investors to buy a property with a much higher potential resale value.
This home is an excellent example. Originally priced at $625,000 USD – a standard price for this kind of home in its location within Puerto Vallarta – has recently been reduced to $399,000 USD, making it the best price for a large home in town. This is a price reduction of $226,000 USD or 36%!
This Mexico home for sale holds very high appeal, being located right in the heart of downtown Puerto Vallarta, and only a few blocks away from the beachfront. Some of the most important features of the home include:
Location – It is located just outside of Gringo Gulch, the original expat community in Puerto Vallarta, on the edge of El Cerro, an up-and-coming community. Demand for this neighborhood is increasing, and there is a good probability of rising values, even on the original price.
Size & Layout – The home includes 4 bedrooms, 3 full bathrooms, and one half bathroom, 292 sq. mt. (3143 sq. ft.) of construction, and 192 sq. mt. (2067 sq. ft) of land. The home offers a distinct advantage of having the possibility of using the two upper floors as the main home, and the lower floor as a separate apartment. This means owners can enjoy the home as a permanent home, while renting out the lower level. Or they can use one part as a vacation home, still renting out the other part at the same time, and both sections when they're not using it.
The main home includes an open-concept kitchen, living room and dining area,opening to the large terrace, with wide views of Puerto Vallarta's Bay of Banderas, as well as the old town. The swimming pool, part of the terrace, is located to receive sun all day. The main floor has a guest bathroom. The master bedroom suite makes up most of the upper floor, with a large walk-in closet, an en-suite bathroom, a dressing room, and another large terrace. The master bedroom likewise offers excellent views.
The second bedroom is located above the pool area, separate from the master bedroom, offering privacy, so it can be used as a guest room. It has a separate bathroom.
The lower unit has two bedrooms, a full kitchen, and 1 bathroom. It has a private entrance, making it easy to separate as an individual unit. It has recently been renovated, maintaining the original colonial style. It can also easily be integrated into the main home.
Design – The home is colonial and is very well maintained. It combines complete modern comfort with the charm of old Mexican tradition, and the wonderful views. The open design offer refreshing ocean breezes.
Extra Features - Some of the other features in the home include beamed ceilings, air conditioning in all bedrooms, and parking for one car (off the street.)
This home is unique, well located, comfortable, and very low priced, while offering high potential both for lifestyle and for investment purposes.
For similar price reductions, see our Mexico real estate deals page.
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