Chile Forum

Please see http://pichiproperty.blogspot.com/

+ 5,000 square meters

+ Overlooking the resort town of Pichilemu on the central coast of Chile

+ Flat meadow land with about 30 pine trees at the top of the exclusive Cerro La Cruz promontory

+ Municipal water and electricity hook-up are easily arranged

+ Whitewater views of world-class surfing breaks Punta de Lobos, La Puntilla and Infiernillo

+ 30 minutes drive to world-class wineries in the Colchagua Valley

+ Asking $80,000 US Dollars

$56K USD per acre? Is that a typical land price near the coast in central Chile?

Sorry, but I cannot speak to typical land prices. When I bought the property over two years ago, it was after much consideration and review of other real estate opportunities. This land is located at the very top of a well known promontory called Cerro La Cruz and is a true estate-quality property. The exceptional view overlooks a resort town and is close to a major municipal water supply.

For more information including photos and map, please review the blog referenced in the initial post and contact me directly at the email listed on the blog.

Brgds,
Greg

That is not just any coastal property in Chile, so it is not such a crazy price. It is a very popular resort with both foreigners and Chileans. It is within driving distance to Santiago. That is mas o menos 35 million pesos.

I can not speak to the exact location he is referring to, but I think I have an idea of the general area. If it is truly the prime location in that area, then I could see a price near that being totally possible. Perhaps to move it any time soon, you might consider lowering it. There are cheaper properties in the area, but not much cheaper.

Let me put it this way, just agricultural property in that part of Chile goes for around 10 million to as much as 20 million per hectare. No view, no utilities, just some of the best grape / corn grown land in the World. So the market in the area is not completely dependent on tourism / second home type properties. Directly along the coast yes, but even that is influenced by being so close to the high demand growing area of Santa Cruz. The vineyards have been progressively buying larger tracks of land closer to the coast, and that has added some price pressure that most resorts do not normally experience.

Now, I am sure things are not what they where 2 years ago; but, if there is an area that has held up well in the central coast it will be that part.

Sr. Admin, thank you for the thoughtful input to the question about the asking price of the property. I just added another photo to the blog that is pointed to on the first post. You can now see the southerly view as well as the northerly view. Will provide panoramic photos of the plot on request.