Following Election – Interest in Moving/Investing in Ecuador Peaks

The following article has been re-posted with permission of Tom Saunders.

https://www.linkedin.com/pulse/following-election-interest-movinginvesting-ecuador-thomas-saunders

CEO at Ecuador Beachfront Property

Following Election – Interest in Moving/Investing in Ecuador Peaks

Change multiplies uncertainty. Now, as greater uncertainty comes into play, US Citizens and International Investors seek ways to hedge existing bets on the direction and volatility of the US and World economy.

The labyrinth of unknowns instantly created by the results of the latest election cycle have brought “thoughtful pause” to many of us looking for a safe, solid ROI and a high quality of life today and through our retirement years. After being blindsided by bubbles and bailouts, we seek presently-undervalued real assets that will maintain or increase their value despite, or as a result of, the ups and downs around us.

Ecuador has been described as Costa Rica with real estate prices 40 years behind the curve. Ecuador recently received a HUGE upgrade in terms of infrastructure (new roads, new hydro plants, new refinery, new airport) and international recognition as the world’s highest-value retirement destination by CNBC, Forbes, International Living Magazine and the New York Times. The official currency of Ecuador is the US Dollar and its two main cities are a short (4 hour), direct flight from Miami or Ft. Lauderdale (via Jetblue). Ecuador’s time zone coincides with either EST and CST depending on daylight savings time in the US, making it a viable base for the digitally mobile worker.

Despite all the recent attention and upgrades, Ecuador still has many undeveloped beachfront destinations. You can still have large undeveloped beachfront lots at prices ranging from $35-100K. Investors can still find 75 acre parcels with beachfront at very low prices such as this property we will soon be announcing near the surf town of Canoa:

This gorgeous property has a brand-new concrete road designed and built complete with a bike-lane by a national government focused on developing tourism along its coastline. Here is a look at the road and the property to the east and west:

For those looking to move down soon or buy now and rent until retirement, beachfront condos can provide exceptional value and appreciation. New condo projects are just beginning to become available for the forward thinking retirees and investors along the beaches just outside of the busy cities. One example is our Ensenada del Pacifico project located in San Clemente, Manabi that is now nearing completion. Demand for the first phase of the project was strong and only two units are available as resales at only $154,000. The majority of the project was sold prior to completion.

Click here for the listing

With the ups and downs of the US and World Economy, purchasing tangible assets in Ecuador in the form of land, investment, or an income-producing vacation property that is presently well undervalued in the global market might be just the right move for you.

If you are looking for more information about Ecuador for retirement, investment, or both – enter your email by following the link below so we can send you our “Know Before You Go” guide that reviews each town on the Central Coast and provides vital tips for the foreign traveler planning a visit:

“Know Before You Go” Guide

Also, please take a look at our Frequently Asked Questions page for answers to questions like, “Can foreigners own clear title to property in Ecuador?”:

Frequently Asked Questions

Please see

http://www.ecuadorbeachfrontproperty.com/listings/index.php/browse-properties/all-for-sale/houses/cozy-garden-home-90

for the listing of our home.

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Joe just Loves this Chocolate

Do you like unsweetened dark chocolate? Joe does. When we were staying in Manta Joe found this unsweetened chocolate in Super Maxi. I think in the states it’s just called cacao – no sugar OR milk solids/fats added.

img_3206 He would buy several bags and each evening he would sit and have just one of the disks.  It is not for me, unsweetened chocolate – can you say WHAT? That is for making brownies or hot chocolate but eating it straight from the bag?  Not for me!!  But Joe may have something here. All the news you hear about superfoods, chocolate is supposed to lower blood pressure, lower “bad” LDL cholesterol and lower the risk of heart disease. Another reason that dark chocolate is especially heart-healthy it has inflammation fighting properties, which reduce cardiovascular risk.  We do not know if that is true or not but Joe loves it and it really helps him from having other snacks after dinner.

img_3208While in Manta last week at the SuperMaxi I found a shelf full, I think I picked up 10 packages.  Joe will just love it and of course he will think I am the greatest for picking it up for him.

Hurricanes and Living in South Florida

Joe and I moved from the snow and sleet of NE PA to South Miami, Florida back in 1976. We had never heard of a hurricane and boy were we surprised when one actually was headed towards our home.  This was many years after our moving out of our first apartment at Kings Creek Village to our first home in Cindy’s Place in South Miami.  It was Sept. 1979 and the hurricane was David.

We thought what good fun and planned a hurricane party. We got together with friends at their home on a golf course. Well things got a bit dicey when the palm trees in front of their house were bowed almost to the ground. We were not partying any longer, it became nail-biting time. As we sat watching the weather reports on TV we became even more nervous. We were lucky it passed us by with only 70 MPH winds.  We never took a hurricanes approach lightly again.

So as I watched folks walking on the beach in Florida yesterday I say, “How Stupid”.

57f678ac790e9-imageHow could you take the chance that this Category 4 storm with somewhere between 120 and 140 MPH winds would not turn inland and strike with the force of Andrew that hit Florida or Katrina that hit Louisiana with such destruction. It is insane to stay on the coast when history has shown that these powerful storms cause destruction beyond anything you can imagine. History does repeat itself.

Never again would Joe or I take a natural disaster for granted.  With a hurricane you have many days notice and you should secure your property and evacuate. Your property will be their when you return, but the loss of your life would be an unreasonable risk for safeguarding a few of your precious THINGS…

Laughter is Great Medicine

Our friends Leigh and Rick took me into Manta with them yesterday.  We told stories, laughed having a great time. We had breakfast at a local restaurant with Angie and Raphael, the restaurant served Llapingachos – but not with potato – with yuca, they have a different name which I failed to catch. They also serve the traditional Ecuadorian breakfast meals from Chicken and Rice to Encebollado which is a soup of Albacore Tuna with onions as well as over-easy eggs.  My kind of place. I love encebollado but had to have the over-easy eggs with the llapingachos and a café con leche.

Of course we had to take a few of the llapingachos to go. They are now in the freezer waiting for the perfect day to bring them out for another feast.

img_3193 We then went to the mall and SuperMaxi for some shopping while Rick took his truck in to get detailed -you cannot call it washed as it looked like a new truck when he came to pick us up.

We then went out to lunch, fish ceviche, excellent.

It was a laughter filled busy day, thanks Leigh and Rick for such a fun day.

Beach Home for Sale, San Clemente, Manabi, Ecuador – Completely Furnished $85,000

img_3180This updated and comfortable single family home on one floor has a total of 1,076 sf (100 square meters) under roof, lot size of 2,260 sf (210 square meters). The property is completely walled, private and secure. It comes completely furnished.

img_3116 img_3115img_3078 img_3107 The 3 bedroom, 2 bath home is light filled and airy. The well laid out kitchen has new custom cabinets and shelving with plenty of counter space. Included is a four (4) burner gas stove/oven with top broiler, a sizable refrigerator, blender, coffee maker etc.

Kitchen and Living Room:

img_3187 img_3186 img_3185img_3188The living area has a full wall built-in custom shelving unit at one end, couch, coffee table and Sony flat screen TV.  img_3184 img_3183 img_3182img_3153A spacious master bedroom measuring 10′ x 17′ has a sitting area and en suite bathroom. It comes with a queen sized bed, side tables, a large free-standing closet as well as a 12,000 BTU split unit air conditioner. The second bedroom includes a double bed and side table. The third bedroom can be used as an office or formal dining room. The second full bathroom is at this end of the house.

Master Bedroom and en suite Bathroom:

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img_3133Second Bedroom:

img_3122 img_3071Third Bedroom Currently being used as Office:

img_3139Guest Bathroom:

img_3151The 10′ x 27′ covered porch faces west to the garden. It has a storage / laundry room with American style heavy-duty washer with clothes drying rack. Electric and plumbing have been completely redone including main outside breakers, inside breaker box, 3 outlets in each room, water pump and pressure tank.  Ceiling fans with light fixture in all rooms and the porch plus extraction fans at the roof peaks. Tile flooring throughout. Many other extras.

img_3160img_3168img_3170Entrance is through a new large wood gate with an easy access door. This gate has security bolts and locks.  The newly repaved granito driveway sits between the covered porch and the garden. This can be used for parking your vehicle or for extra outdoor living space. There is an outdoor shower for the beach bum in all of us.

img_3117img_3107The garden has several producing fruit trees including lemon, fig, star fruit, pomegranate and a large guava tree that shades a tile and granito 11′ x 22′ patio.  There are two 5-year-old coconut palms on the property that have not started to produce fruit yet. Mature Bougainvillea hang over the front wall from the garden, providing a bright splash of color.

img_3043img_3104 img_3103 img_3098 img_3094Lemon:img_3089Star Fruit in Flower:

img_3034Guava:img_3030Pomegranate: img_3025The home is located in the beautiful Punta Bikini area, also called Barrio Norte, of San Clemente in the province of Manabi, Ecuador. This quiet fishing village is within 45 minutes of Bahia de Caraquez and 1 hour from Portoviejo and Manta. It is a very peaceful stretch of flat beach great for swimming, sunbathing, walking, surfing and fishing.

End of the Street looking North towards the Bluffs:

12-21-3san-clemente-2-13-2013-001-2End of the Street Looking South towards Downtown:12-21-4 san-clemente-2-13-2013-003-2Our comfortable, fully equipped home is in the less busy, northern part of San Clemente walkable to downtown with a variety of small stores, restaurants, drug stores and other basic shopping.  Vendors pass the house daily selling everything from raw fresh milk to fruits and vegetables to fresh eggs and butter and toilet paper. Live lobster is available across the street and jumbo shrimp, fresh off the boat, can be purchased 2 blocks away.

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This is the third house from the beach, about 150 feet from the front gate to the sand, with refreshing ocean breezes. Our Ecuadorian neighbors are welcoming and helpful. It is a very safe and friendly neighborhood, mostly year round lifelong residents who will help you out if you need anything. Several Expats live nearby. There is a small grocery store at the ocean end of the block.

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Internet and land line telephone are available through CNT and electric service from CNEL. Cable TV and Direct TV are available.

Property taxes last year: $21.00, Internet and Land line telephone: $35.63 per month, Electric: $30 to $40 per month, water $12 to $30 per month and gas for the stove/oven $2.50 a quarter.

We are moving due to “itchy feet”. We have loved our 7 years in Ecuador, as we did our almost 4 years in Panama before this.

img_2735All papers are in order and ready for the buyer.  Contact our realtor with any questions.

email: tom@ecuadorbeachfrontproperty.com        telephone: 099 635 9373

Fully furnished at $85,000