Rio Condor 30, Rancho del Oro

This grandiose 23,028 m2 property is nestled in Rancho del Oro, one of Ajijic’s most prestigious locations. Surrounded by million-dollar properties, it sits at the highest buildable point in the Ajijic mountains, offering unrivaled views and top-notch security.

Main House Features

The main house, though aging, is solidly built and provides:

Master bedroom with walk-in closet, full bathroom, and lake views.
A guest room on the opposite end of the master features built-in closets and a shared bathroom.
A large office with panoramic views of Lake Chapala, a secret doorway to a vault, and a full bathroom.
An elongated kitchen with an eating area, large pantry, laundry room, and office access.
Spacious living room with a fireplace and lake views.
A 17-meter covered terrace with panoramic views of Lake Chapala.
Two large, separate garages, detached from the main house.
A studio with a bath, cooking area, and stunning views of the mountainside and Lake Chapala.
Solar water and a solar pool heater, and the property use solar energy for electricity.
Casita 1 Features
Recently remodeled, Casita 1 is a two-story with two bedrooms and bathrooms upstairs. Its features include:

A connected kitchen and living room with a half bath.
A covered front terrace.
In-unit washer, dryer, stove/oven, refrigerator, and solar water heater.
A newly installed septic system.
Casita 2 Features
Casita 2 requires extensive renovation but offers independence, spaciousness, and spectacular views of the mountains and lake.

Property Features

The property is equipped with:

Self-generated solar energy and its own CFE-certified transformer.
Connection to municipal water with a new cistern, pump, and tubing at the entry point.
Concrete stake fencing.
A paved private road from the main entry gate to the main house and casitas.
A large storage shed for gardening equipment.
Security cameras, automatic gate openers, phone lines, and high-speed internet.

Important Information
The property, totaling 23,028 m2, is sold as a unit and has three titles.

Deed one: Urban, 4,661 m2, covers the main house and all structures except Casita 2.
Deed two: Urban, 7,184 m2, includes Casita 2.
Deed three: Rustic, 11,183 m2, covers the uppermost portion of the property.

Investment Opportunities

This property offers considerable investment potential:

Instant equity due to selling below market value.
Potential for use as a rental property.
Opportunity to remodel and upgrade for significant value increase.
Potential for subdivision and additional home sales.
Zoning allows for the construction of at least 6 additional homes on deeds 1 and 2.

Current Expenses
Monthly expenses total around $12,500 pesos or less than $625 USD, including property taxes, water, and caretaker costs.

The Rio Condor 30 property in Rancho del Oro, Ajijic is an exceptional investment opportunity for discerning buyers seeking a premium location, stunning views, and promising investment potential.