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MargaritaBiz

Monkey Business Listings

Playa el Agua Condo (SOLD)

The owner is asking only: $65,000

Monkey Business has received our first property listing and it is an amazing deal for a fully furnished 2BR, 2BA, ocean view condo. This condo is located in La Mira, in the Playa el Agua resort area of Margarita Island. This fully furnished turn key unit has a pool, wi—fy internet, washing machine, air conditioning, reserved parking, 24 hour security and an on—site concierge who lives in the 10 unit complex. Bedroom one is fair sized and the second bedroom is modest and both have private bathrooms. Contact Monkey Business through this website or you can call 0412 795- 3556 to get additional information.

Before you purchase property on Margarita Island, Monkey Business recommends that you spend plenty of time here. Each area of the Island has its own personality and its own unique set of challenges. First, let me assure you that ownership of property by foreign nationals is guaranteed in the Venezuelan Constitution, and President Chavez has reassured residential property owners that their property is safe; large unproductive farms and foreign owned companies are another matter.

I purchased my property on Margarita before spending much time here and I learned later that my home is in one of the less glamorous areas. This fact is of no consequence to me, I live across the street from the beach and have the best view of the ocean I have seen anywhere and I paid less than $90K for my two bedroom, two bath beach front condo. We love living in this little fishing village, but it would not suit everyone's tastes. If you like, I can find a nice beach front property in the area. If you are interested you can contact me on this website. If you buy a property, it is critical that you have confidence in your real estate agent and it is also beneficial to obtain the services of a lawyer to represent your interests. I used a lawyer but did not go through an agent. There is no escrow here, so buying property will require that you transfer your funds into the account of the seller or his agent's firm before the sales document is signed, an act of faith that made me more than a little nervous.

Investment Process

Buying a home on Margarita Island