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Sale PH in Gray. Resd. The Islands, Torre Islagua - Calle 57 Resd. Las Islas Ed. Islag, 4002 Maracaibo - 3 beds apartment for sale

$150,000

asking price

Price cut 21.5% Feb 21, 2026 - was $191,000

3 beds
4 baths
312 m² area

Description

Gray PH on El Milagro Avenue.
312 square meters on two levels with a 100-square-meter terrace, living room, dining room, kitchen, and service area with bedroom

Property Details

Property Type
Condo
Location
Maracaibo, Zulia, Venezuela
Bedrooms
3
Bathrooms
4
Area
312 m²

About the Area

Nestled in the heart of Maracaibo, Zulia's vibrant economic hub, this neighborhood offers convenient access to the iconic Rafael Urdaneta Bridge, Lake Maracaibo's scenic waterfront, and bustling commercial districts like the 5 de Julio area. Residents enjoy a dynamic urban lifestyle with proximity to top universities, modern malls such as Sambil Maracaibo, and a rich culinary scene featuring fresh seafood and arepas. Ideal for international buyers seeking growth potential in Venezuela's oil-rich northwest, it blends convenience, culture, and coastal charm.

Investment Analysis

6/10
Value Rating

At $480.77/sqm, this property is moderately above the city average derived from comparables, which range from approximately $500-$667/sqm for similar sizes but offer fewer bathrooms.

Highlights

  • Spacious 312sqm layout with premium 3bd/4ba configuration ideal for families or rentals
  • Positioned between lower-end comparables, offering better size-to-price ratio than smaller 3bd units
  • Strong potential in Maracaibo's growing condo market for value appreciation

Considerations

  • Higher price per sqm than some smaller comparables may limit short-term flip profitability
  • 4ba exceeds typical 3bd setups, potentially increasing maintenance costs
Listed 8 months ago

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