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Land with building on Francisco Esteban Gómez Avenue. Margarita Island - Avenida Francisco Esteban Gómez Terreno con Proyecto en A, 6316 Porlamar - Plot of land for sale

$1,400,000

asking price

21 baths
11 m² area
Land with building on Francisco Esteban Gómez Avenue. Margarita Island - Avenida Francisco Esteban Gómez Terreno con Proyecto en A, 6316 Porlamar - Plot of land for sale
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Description

Commercial and residential development on Margarita Island.

This is a 11,205 m² plot of land strategically located on Avenida Francisco Esteban Gómez, Genové

Property Details

Property Type
Apartment
Location
Porlamar, Nueva Esparta, Venezuela
Bathrooms
21
Area
11 m²

About the Area

Porlamar, the vibrant heart of Isla Margarita in Nueva Esparta, offers international buyers a dynamic coastal lifestyle with pristine beaches like Playa El Agua just minutes away, bustling markets, and world-class dining. This thriving commercial hub features modern amenities, luxury resorts, and easy access to Simón Bolívar International Airport, blending tropical paradise with urban convenience at unbeatable value. Secure your slice of Caribbean serenity in one of Venezuela's most sought-after destinations.

Investment Analysis

2/10
Value Rating

This property is drastically overpriced at $124,888/sqm compared to the city average of around $1,000-$1,200/sqm from comparables.

Highlights

  • Exceptional number of bathrooms (21) potentially for luxury or rental conversion
  • Prime location in Porlamar, a tourist hub in Nueva Esparta

Considerations

  • Absurdly high price per sqm, 100x+ above comparable sales
  • Tiny 11.21sqm size raises doubts on usability and legitimacy
Listed 6 months ago

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