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Quito Condo Opportunity

Here’s a post about a very large Quito condo for sale by a fellow Ecuador Living subscriber. It’s located just on the edge of the restaurant packed La Mariscal area right opposite the 5 star Swiss Hotel. Don Lowe is the seller and I’ll let him describe it in his own words.

Read on to the bottom to hear the offer Don is making exclusively to Ecuador Living readers.

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“This has to be one of the nicest properties in all of Quito – a huge penthouse apartment (11th floor), in Edificio Pallares on Avenida 12 de Octubre, across the street from the Swiss Hotel. It is about 310 square meters in size, (3,250 sq ft.) with beautiful views of the city and mountains in all four directions.

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It has 3 huge bedrooms (each with its own private bathroom), two other bathrooms, many living and dining areas, a large kitchen and maid’s quarters.

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I just spent $35,000 totally remodeling the apartment. All of the gorgeous hardwood floors, trim, and cabinetry in the apartment have been refinished, all bathrooms completely redone with upgraded tile, faucets, fixtures, etc., including a large jacuzzi tub in the master. The kitchen cabinets, flooring, and appliances have all been replaced, as well as all the pipes in the apartment (and in the entire building).

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It is a spectacular place, perfect for a diplomat or executive. The building offers 24-hour live security, a fitness center, and a private parking area (with 2 parking spaces that will sell with the apartment as well as a large storeroom). I have many photos available if you would like to see them.

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I have priced the apartment at $229,000, which is a very reasonable price for an apartment of this size and quality, especially in this location. I have a realtor in Quito who is handling the showings and sale for me in my absence (I am in Florida).

Her name is Angie Kabatznick, house phone (011593)22260264, cell (011593)99839204. I would consider all offers. (I have been offered wheat farms, eucalyptus farms, and other real estate in trade, but no reasonable cash offers to date).

I would VERY much appreciate any and all assistance or publicity you might be able to offer in my endeavor, and I am open to whatever suggestions that you might have.

Sincerely,

Don Lowe “

After a brief interchange of emails where we had asked Don for some benefit for EL readers in return for free publicity he wrote the following:-

“Hi Steve,
I’ll tell you what I will do….. after thinking about it, I will offer a discount on the price of my penthouse of $10,000, only to an Ecuador Living subscriber who signs a contract during the month of September. Fair enough?
Don Lowe

PS….. It sure would be great if we could get the apartment on the Quito real estate tour….. I know that the members of the tour group would love to see it!”

I can comment that condos this large and in such a prime location rarely come on the market. The street below is full of restaurants and a busy street but with the condo being so high up I suspect the noise is either non-existant or extremely minimal. It would be a 20 minute taxi ride to the airport during off-peak traffic.

See this property on our upcoming coastal/Quito tour or our tour in November if by some quirk the condo still hasn’t sold by then (unlikely).

Steve

September 17-20 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
http://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

Sept 28-29 Imbabura Real Estate Tour
http://www.garyascott.com/catalog/ecuador-real-estate

See discounts for attending more than one Sept. course
http://www.garyascott.com/catalog/ecuador-tours-savings

Oct 14-18 Ecuador Import Export Course
http://www.garyascott.com/catalog/ecuador-import-and-export-tour

Nov 7-9 International Investing and Business Made EZ Ecuador
http://www.garyascott.com/catalog/international-business-made-ez-ecuador

Nov 10-11 Imbabura Real Estate tour
http://www.garyascott.com/catalog/ecuador-real-estate

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
http://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour