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Saturday, August 24, 2013

For Sale: Chipipe Beach


There are three distinct beaches in the Salinas Ecuador area where you find the majority of ocean front condominium buildings: the Salinas Malecon, San Lorenzo, and Chipipe. In the next series of postings we will present typical condominiums for sale in each of the three areas.

Chipipe is by far our favorite of the three beaches. Its wide, soft sand beach stretches from the tip of the peninsula to the Salinas Yacht Club. The condos in Chipipe offer magnificent panoramic views of  beach and ocean.

The condominium buildings in Chipipe are older, averaging about 30+ years. However, the buildings are very well maintained. Despite there being fifteen ocean front buildings, condos for sale in Chipipe are few and far between. Rarely is a “Se Vende” sign posted on a Chipipe condo. The few that are for sale are mostly offered by Ecuadorian Realtors. Making it a little more difficult to inquire about but well worth the effort. This may change as more North Americans are expressing a high desire to purchase in Chipipe.

The following condo is typical of what you will find for sale in Chipipe.
Floor: 2nd
Sq. ft. Approx. 1700
Bedrooms: 3
Bathrooms: 3 ½
Overall Condition: Older remodel in kitchen and baths. Original woodwork and doors with obvious and extensive termite infestation.
Social Area: No pool only lobby gathering area.
Parking/Storage: One covered parking space with storage closet.
Price: $160,000 including all furniture.
Impression: Not currently a show place but, with a rehab of approximately $40,000 mostly spent on the kitchen and baths, this condo could be  impressive. Being on the second floor hurts this unit if you desire sweeping views. The furniture is older but looks good in the condo, definitely makes this one instantly a good unit to rent out. Some renters may be put-off by the older finishes. But would rent very well in the local market.

The building is very well maintained.

The living area has been extended past the original sliding doors. Look closely at the wall jetting out on the right and the change of the floor tile. This marks the original location of the sliders. This modification is popular in area beachfront condos but eliminates a true outdoor living area.


The kitchen has an older rehab. While not attractive, it is functional.


The master bedroom is in the front of the building offering ocean views from the window.


Typical bedroom on backside of building with no views.



  



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