One of the main locations near the city of Medellin that attracts tourists, local visitors, and real estate investors is Guatape, a quaint town that sits next to a huge freshwater lake. Located about twenty five miles from the center of Medellin, Guatape was founded by the Spaniards in the early 18th century. A large reservoir was built in the late 1960’s to provide hydroelectric power. In recent years the area has become a huge tourist attraction and prime location for Medellin real estate investing.
(2017 Update: We have have many great Medellin real estate listings – please click here. Also we have a Medellin real estate buyer’s agent too.)
Guatape, a typical small Colombian town with all the charms that go with it, offers other tourist attractions as well such as such as a zip-line and various water sport activities. Also, a major landmark for the area is a huge natural rock formation called Penon de Guatape that overlooks the lake. The rock is over 200 meters high with a viewing platform and restaurant at the top. For a small fee, visitors can climb a stairway that has over 644 steps to the top. The town, lake, and rock formation make for a huge tourist draw with both locals and foreigners.
In addition, this area has become popular with foreign investors who seek waterfront property while being in close proximity to the clean modern city of Medellin. This is the only real estate market near Medellin that offers this amenity. There is currently a number of residential, commercial, and hotel projects in under construction in addition to existing waterfront estates already for sale. This trend is really just getting started as foreign investors only comprise a very small percentage of the total real estate market and present huge growth potential. Along these lines, a water front estate has recently become available for sale with the details to follow:
Location: VILLA SUIZA, located between El Penol (the giant rock) and Guatape.
- 3,300 square meters of land: LOT NO. 5.
- 300 square meters of construction
- 75 meters of lake front
- 4 bedrooms, 3.5 baths
The luxury home is completely furnished and even comes with a game room and billiard table and a security system. For added peace of mind the property is located inside of a gated community on the main road between El Penol and Guatape with 24-hour security. The property is a one-hour drive from Medellin international airport.
Property tax is a low $600,000 Colombian Pesos (USD$337.00) per year.
Price for quick sale is $295,000
NOTE: If a buyer would prefer to purchase this property with US Dollars the seller is willing to offer a very generous exchange rate of $2,000 Colombian pesos to the dollar (Market rate has been hovering around $1,780).
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