Two Adjacent Canal Lots, Bargain Price!

Robert:

We have just taken an interesting listing. Lot 161 and 160, adjacent canal lots in Section II of Nuevo Vallarta.  Each lot is approximately 20 meters by 38 meters, 771 sq meters (8,295 sq ft) each, for a total of 1,542 sq meters (16,592 sq ft).

Each lot has 20 linear meters of canal frontage, so a total of 40 linear meters on the canal (131 ft).

Lot 160

 This is on the best section of Jacarandas Street, on a good, navigable section of secondary canal, with clean homes all around. The price for both lots is just $395,000 USD. Finding two adjacent lots on a good street and good section of canal is extremely rare.

HOWEVER, there is a very large home, 8 (yes, eight!) bedrooms and 3 baths, on lot 161. Conceivably, the home could be extensively repaired and remodeled. But, I think most people would consider it a tear down. It is in seriously bad condition.



In my opinion, this should be viewed as an opportunity to own two spacious lots, haul away the rubble of the old house, and build something extraordinary.

We have 161 newly listed in both MLS systems here, with a side note that 160 is also for sale, pending some paperwork issues being resolved (they can and will be).

Looking at back of house (on 161)  from back of lot 160

However, if someone wanted to make an offer on just one lot, the owner says she would consider that, although her ultimate goal is to sell them both, preferably as a package.