Nuevo Vallarta is a coastal town in the state of Nayarit, Mexico. The municipality has an area of 284 km2 and a population of approximately 43,000 people.
Nuevo Vallarta was founded more than 30 years ago as a planned resort complex destination for tourists from around the world to enjoy year-round sunshine and warm weather. It continues to be one of the most popular destinations in Latin America.
Nuevo Vallarta’s real estate market is extremely diverse with properties from condos to waterfront homes and commercial space, from hotels to golf courses. Nuevo Vallarta is an amazing place to retire or to invest and here I will put on the table the things you need to consider before buying in this beautiful neighborhood:
Marina Nuevo Vallarta
The Marina brings a lot of value to this area. It is a deep-water waterfront destination with more than 800 slips and a major attraction for tourists, locals, and boaters from all over the world.
Nuevo Vallarta is no longer an undiscovered Mexican gem - its popularity has been growing exponentially in recent years, attracting people from North America, Europe, and Asia. And many of them have chosen Nuevo Vallarta as their home.
Rental Market in Nuevo Vallarta
Today, the rental market is very important in Nuevo Vallarta and every year it gets even more competitive. There are many properties to choose from and also there are opportunities for both short-term and long-term rentals.
According to the website Airbtics.com, the Median Nightly Rate in Nuevo Vallarta is $224 USD.
There are many factors that affect what you can charge, such as the location (i.e., an ocean view), size of your rental, amenities included in the property itself, or if you offer additional services like transportation to and from the airport.
Cost of Property in Nuevo Vallarta
When it comes to prices, properties can go from $100k USD all the way up to millions of dollars. Of course, the highest price tags are for large beachfront homes with lots of amenities. However, if you are starting out with a smaller budget, there are options.
Nuevo Vallarta offers a great variety of condos and villas in many different price ranges. It also offers townhomes or even warehouses that can be turned into living spaces. And let’s not forget about the luxury high-rises near the Marina area
The prices for real estate in Nuevo Vallarta vary depending on the size, location, and amenities of the property. The average price for a condo in Nuevo Vallarta is $339,855 USD. The average price for a house in Nuevo Vallarta is $500,915 USD.
Services & Utilities
In terms of services and utilities, Nuevo Vallarta is very well equipped. The town has great access to electricity, water, sewage systems, public transportation, marine transport via boat or ferry, internet, cable TV, and phone.
One downside to keep in mind when considering Nuevo Vallarta is the fact that it high-end level in healthcare services. If you are planning to move in with your family or have a loved one with special needs, there are few medical facilities in the area, like Hospital San Javier y hospital La Joya.
You can find supermarkets in Bucerias and Puerto Vallarta (North area), in 20 min or less driving. For a full grocery store experience, you can head as far as Puerto Vallarta (Central area, about 35min driving) where you will find the Costco and La Comer.
Nuevo Vallarta is a popular destination for retirees and those looking to invest in property. It’s important to consider what you need from your property before purchasing, as the prices vary widely depending on location, amenities included with the home or condo, size of the property, etc.
If you are interested to invest in Nuevo Vallarta, we can help. We offer our real estate agents bilingual and bicultural experience, expertise and knowledge of the area, professionalism, and personalized service to make your home hunting as easy and fulfilling as possible.
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