Santa Marta Real Estate for Sale - Properties in Santa Marta, Colombia

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Real Estate for Sale in Santa Marta, Colombia

Santa Marta real estate has a lot to offer retirees, vacationers and investors who could appreciate the beauty of an oceanfront condominium in a historic and tourist-friendly location. Local developers have recently invested in the commercial real estate market, bringing more shopping to the city’s center, but the residential real estate market has not been expanding as quickly as other areas of the coast. However, oceanfront condominium complexes are available for retirees or real estate buyers looking for a vacation home. These would also serve well as vacation rentals because this is a very popular destination for Colombians to visit with their families. Demand is high, as many hotels book up six months to a year in advance.

Luxury home construction is also underway in the desirable neighborhoods of Buenavista and El Jardin. Beachfront condominium construction would be a welcome addition to the community and would likely garner enormous returns for the real estate investor. The most suitable areas for development are in the southern and northern outskirts of Santa Marta, away from the noise and congestion of the city’s center.