Foreign Real Estate

Jan. 21, 2011:

WHERE: Puerto Vallarta, Mexico, above Los Muertos Beach

WHAT: "Gaviota," a one-bedroom condo in the Villa Blanca building

FOR SALE BY: Owner, a fellow Live and Invest Overseas reader, willing to discuss creative financing terms

PRICE: US$165,000 (This is a special price for Live and Invest Overseas readers only. When the property is listed with an agency, the price will be US$175,000.)

"Gaviota" is a colorful, cheery condo in the 12-unit Villa Blanca complex affectionately known locally as the "Piano Building" (because of its unique, funky shape). The unit is being offered completely turn-key, fully furnished and equipped, with rental and property management in place.

The location is one of the property's biggest assets. It is situated one street up from Los Muertos Beach, on Calle Amapas. A flight of stairs takes you right down on to the beach.

The current owner has been renting actively for the past five years, netting more than 10% per year after all expenses and fees.

If you'd like to try before you buy, owner will credit your rent toward your purchase.

For more information, get in touch here.

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