Country Article / Postcards

Brazil Beach Condo for $56,100

Date: 06/26/2009 Author: Ronan McMahon

I thought the beach condo I told you about two weeks ago would be my last quality beach pick in the $50,000 range for a long time. (And, as expected, the properties I told you about back then were gone within a day or two of my e-mail going out.)

But this part of Brazil is generous with these kinds of deals.

To the east of Fortaleza the beach and coastline is like nothing I have seen anywhere else. Red and white cliffs rise from flat beaches. This unique and beautiful stretch of coast has been a favorite with Brazilian tourists for many years, yet remains undiscovered by North Americans. I’ve driven this coast (using the beach as a road) several times--it won’t stay undiscovered for long.

Fresh water gushes from streams that fall from the cliff (perfect for a shower after a dip in the warm waters of the south Atlantic). The beach side bars grill fish taken straight from the boat. In the evening the colors are fantastic as the fishermen’s little jangadas come home fat with their catch.

The municipality of Beberibe attracted 800,000 Brazilian tourists last year. This area is packed during the major Brazilian holidays--Christmas, New Years, Carnival, and Easter--and includes the village at Fountains Beach.

Fifty minutes from Fortaleza International Airport, Fountains Beach (Praia das Fontes) is named for the fresh water fountains that flow from the cliffs. The village here is home to small pousadas, beach bars, two major hotels and a water park.

There's a real estate project here called The Fountains. It's almost sold out and halfway through building. I visited the site a few weeks ago, and construction is progressing at pace. The roofs are now up and delivery of units is expected in spring or early summer next year.

Perched on a small cliff over the beach, each unit will have sea views. The Fountains has direct access down to the beach. All but five units have sold and one-bed units start at $66,000.

With so few units left, the developer, Mike Colwill, is keen to sell them without cranking up a full-blown marketing campaign. This is a situation we can take advantage of. Mike will give IL readers a 15% discount on the five remaining units…so that $66,000 becomes $56,100.

The 15% discount applies to cash buyers. Financing (over three years) is available, but if you take up that option, then your discount drops to 5%.

As I said, when I told you about a similar Brazilian beach deal a couple of weeks ago, the four units sold within a day or two of my e-mail gong out. If you're interested now in one of these five units, you should contact Mike as soon as you can.

Ronan McMahon
Executive Director, Pathfinder Ltd.

P.S. The Fortaleza area is getting a massive $4.5 billion infrastructure overhaul for the 2014 soccer World Cup (Fortaleza is a host city) and this stretch of coast is due to benefit--the airport will be able to take more passengers, and a $50 million road improvement project will include upgrading roads within the village at Fountains Beach. Great news, of course. But it will make it harder to justify my beach driving.

P.P.S. I debriefed attendees at the recent International Real Estate Investment Forum about my Brazil scouting trip, and everything I said was recorded. If you're thinking of buying in this country, I recommend you first listen to my presentation. This recording is part of the Ultimate Brazil Audio Collection--which you can get free here.

To read more IL articles on Brazil Beaches, see:

Buy Your Dream Home on the Beach in Brazil for $63,000

I Can't Decide--Which of These Brazil Beach Houses Would You Choose?

Brazil Beach Condo For $55,800