Key Highlights
- Proximate communities of Zapallar, Cachagua and Maitencillo all face Pacific Ocean in Chile’s Valparaiso region
- Valpariso region is 111-square mile area two hours northwest of Santiago, Chile’s capital city
- White sand beaches are main draw of all three towns
The three neighboring towns of Zapallar, Cachagua and Maitencillo sitting on the Pacific Ocean in the Valpariso region of Chile is “…the most exclusive spa area in Chile, and little by little, it has been transformed into a mandatory stop for foreign tourists,” said Patricio Saavedra, an agent for the Gerente Regional IV-V Region of Chile Sotheby’s International Realty.
These three white-sand beach towns running on Chile’s western ocean coast are 13 miles apart in the midst of the 111-square mile area of Valparaiso. All are just two hours northwest of Chile’s capital city, Santiago. Zapallar, the most northern of the three, sits between steep hills and a horseshoe-shaped bay. Cachagua features Isla Cachagua (Pelican Island), a private and well-protected wildlife and wild bird sanctuary. Maitencillo, the southernmost of the trio, offers great fishing in a quiet cove.
Saavedra summarized a wide price range expressed in US dollars to appeal to international buyers for single-family homes from $350,000 – $1.5M in Maitencillo, $500,000 – $4M in Cachagua and $500,000 – $10M in Zapallar based on location, beach proximity, views and construction quality. Each town also has a variety of condominiums that are connected to either the beach and/or golf courses or sports centers that typically sell for approximately $700,000.
Real estate developers as well as wealthy Chilean families, primarily from Santiago, are drawn to this trio of communities. Saavedra noted that the residential composition of these beach communities is made up of “…people who have lived here all their lives and who have been developing commercial activities around the tourism that the area has generated; people over 50 who have grown children and who desire a calm and enjoyable lifestyle; and young people looking for another lifestyle that’s more linked to nature and the outdoor.”
As in most beautiful locations throughout the world, demand outranks supply, particularly in light of the COVID pandemic. People want to live in less densely populated areas outside of Santiago.
Thanks to MansionGlobal.
Also read: College Dorms Repurposed as Furnished Apartments for Young Professionals, Post-COVID Housing Market – Part I – Real Estate Transactions Go Virtual, eXp Planning Record Growth in 2021
