*PRICE REDUCED* Turn-Key Mixed-Use Property with Rental Income Potential in Olón
Olón, Manglaralto, Santa Elena, Santa Elena, Ecuador
Overview
This house with 4 bedrooms and 4 bathrooms is located in Olón, Santa Elena Ecuador, in the county of Santa Elena. This near the coast property with ocean view is situated in the coastal region of Ecuador. The land area of this house is 2,658.68 square feet (247.00 square meter), and it has a living space of 4,305.55 square feet (400.00 square meter). This house has split air conditioning. This house is available furnished. This property includes a dryer, a freezer, a grill, a microwave, a refrigerator, a stove and a washing machine. The property also features an in-ground pool.
- Price
- $259,900
- Listing ID
- RS2500210
- Property Type
- House
- Listing Type
- Residential Sale
- Status
- Active
- Images
- 28
- Beds/Baths
- 4/4
- Location Type
- Ocean-Vicinity
- View Type
- Ocean View
- Total Lot Size
- 2,658.68 sq ft (247.00 m²)
Description
This income-generating property in the heart of Olón offers a prime opportunity for investors or those seeking a home with rental potential. Just a short walk from the beach, this newly built (2023) mixed-use property features a commercial space on the ground floor, a spacious main residence on the second floor, and two rental apartments on the third floor—a studio and a one-bedroom unit.
With a total of 400 m² (4,305 sq ft) of construction on a 247 m² (2,658 sq ft) lot, this well-designed property includes four bedrooms, four full bathrooms, and four half-bathrooms across its multiple units. The layout allows for flexible use, whether you want to operate a business, live on-site, or maximize rental income.
The property comes fully equipped and turn-key, including two refrigerators, a beer system chest cooler with keg setup, and an electric range in the one-bedroom apartment. For added convenience, it also features a washer and dryer stack unit, seven air conditioning units throughout the property, a complete pool pump system, and a security camera system already installed.
Olón is a rapidly growing coastal town known for its beautiful wide beaches, thriving expat community, and relaxed atmosphere. The area attracts surfers, retirees, and digital nomads alike, offering a mix of local charm and modern conveniences. Restaurants, cafés, and small shops line the streets, and the nearby larger town of Montañita provides additional nightlife and entertainment options.
With its prime location, rental potential, commercial space, and high-quality amenities, this property is an excellent investment in one of Ecuador’s most sought-after beach towns.
Details
- Number of Bedrooms
- 4
- Number of Full Bathrooms
- 4
- Number of 1/2 Bathrooms
- 4
- Total Living Area
- 4,305.55 sq ft (400.00 m²)
- Total Lot Size
- 2,658.68 sq ft (247.00 m²)
- Number of Stories
- 3
- Roof Type
- Concrete Flat Roof
- Floor Covering
- Concrete
- Construction Type
- Concrete, Glass, Metal
- Construction Status
- Completed
- Year Built
- 2023
- Appliances Included
- Dryer, Freezer, Grill, Microwave, Refrigerator, Stove, Washing Machine, Other
- Appliances Included Comment
- Beer system chest cooler (Kegs)
- Air Condition Type
- Split Air Conditioner
- Furnished Type
- Fully
- Pool Type
- In-Ground Pool
- Jacuzzi
- No
- Parking Type
- Carport, Driveway
- Number of Parking Spaces
- 2
- Location
- Olón, Manglaralto, Santa Elena, Santa Elena, Ecuador
- Country
- Ecuador
- State
- Santa Elena
- County
- Santa Elena
- District
- Manglaralto
- City/Town
- Olón
- Location Type
- Ocean-Vicinity
- Geographic Type
- Coast
- View Type
- Ocean View
- Interior Features Included
- Bar, Eat in Kitchen, Game Room, Great Room, High Ceilings, Marble/Granite Countertop, Natural Wood Finishing, Recessed Lighting, Separate Dining Room, Sliding Glass Doors, Storage Room, Washer/Dryer Hookup, Water Heater
- Exterior Features Included
- Balcony, Covered Patio, Motion Detectors, Outside Seating-Area, Paved Driveway
- Security Features
- Monitored Alarm System, Perimeter Fencing, Security Lighting
- Street Access Type
- Paved Road
- Type of Water
- City Water
- Type of Electricity
- Public
- Type of Sewer
- Public
- Type of Internet
- Cable Internet
- Type of Television
- Cable Television
- Price per Air-Conditionable Living Area
- $649.75/m2 ($60.36/sqft)
- Price per Square Meter
- $1,052.23/m2 ($97.76/sqft)
- List Price
- $259,900
- Ownership Type
- Personal
- Association Fees
- No
Pictures
Map
Disclaimer
Information regarding this property has been provided by its owner and/or the owner's agent. Neither Propertyshelf nor MLS Ecuador will be held responsible for the information contained herein. For more information on ownership risk, please see the legal section. When purchasing property, clients are advised to consult with their own attorney.
