Imbassai, a charming and peaceful village located near Praia do Forte probably offers one of the best investment opportunities on the Coconut Coast. The rustic coastal village, which is about 65 miles from Salvador airport has many of the same advantages that Praia do Forte offers, except that it is more peaceful and prices are significantly lower.
Imbassai has another advantage in that the development is very carefully planned. Real estate for sale in Imbassai mainly offers apartments, houses, hotels and undeveloped land.
The area has a rainforest and ecotourism reserve, and a long lovely stretch of sandy beach. The carefully planned development and undervalued land prices mean that the place is likely to see significant appreciation in real estate prices in the next few years.
Overview Of The Real Estate For Sale In Imbassai
Imbassai offers both apartments and houses. Prices of apartments start from R$150,000 and can go up to R$550,000. An average apartment is likely to cost about R$370,000. Houses are priced between R$330,000 and R$1,220,000. The price of an average house will be about R$715,000.
Farmhouses and commercial real estate such as spaces for shops and outlets are also sometimes available. You will find hotels in different sizes priced between R$450,000 and R$3,500,000. The average price of a hotel will be about R$1,695,000.
At Imbassai, with the right budget you can easily buy land as there are many plots and tracts of land on offer. Leaving out the extremely high priced offerings, an average plot of land is likely to cost about R$475,000. The range starts from about R$150,000 and can go up to R$2,000,000. Land that is very large in size and suitable for large commercial applications is also available at much higher prices.
Apartments can be divided into three ranges. The lowest range priced below R$300,000 consists of one bedroom apartments with reserved parking in nice condos located in the village. The condo may offer a pool, garden and some other leisure facilities. Round the clock security is usually offered.
The middle range is priced from R$300,000 to R$375,000. In this range you will get better locations and larger two bedroom apartments with maybe one suite. You can expect about 80 to 120 sq. meters of built-up area. Condos are located close to the beach, close to the green line or near the sea. You can also expect security, swimming pool, garden, parking, gym, barbecue, laundry, etc. as part of the common facilities.
Apartments in luxury condos and upmarket gated communities near the ecological reserve or close to the beaches will cost above R$375,000. You can expect fully furnished apartments with three suites, air-conditioning, maid room, central heating and reserved parking. Other features like pool, garden, playground, employee quarters, club, concierge, ballroom, etc. will be available in most condos.
Buying A House In Imbassai
The houses in the lowest price range will cost up to R$500,000. These houses of 150 to 250 sq. meters are constructed on plots of about 1000 sq. meters. Depending on the price you can expect one to three bedrooms or suites. You will also get some additional features like a small garden, kennel, garage and a service area.
Mid-range houses costing between R$500,000 to R$1,000,000 are located in quiet areas of the village or in condos close to the beach. You will get three to four bedrooms or suites in these houses with 140 to 400 sq. meters of constructed area. You are also likely to get a pool, well-designed large garden and parking facility. Houses located in condos provide round the clock security and facilities like party area, employee quarters, barbecue area, lockers, open showers, tennis courts, gym, indoor games and sauna.
The upmarket houses are priced above R$1,000,000 and are usually located in luxury condos near the reserve or between the reserve and the village. You can expect fully furnished houses with four suites, premium pool, large landscaped garden, playground and even more features than what is available in the lower ranges. You will get about 280 to 550 sq. meters of constructed area on plots of up to 1250 sq. meters.
Investing In A Hotel In Imbassai
Imbassai is a village with great tourism potential. If you are looking to buy a hotel to cater to the tourist demand, you will find many choices here.
At prices below R$1,000,000, you can expect to buy small inns with up to ten furnished rooms or cottages and facilities like pool, reception, restaurant, etc. which are expected in hotels. You will get about 250 to 500 sq. meters of construction on plots of up to 2000 sq. meters. Larger hotels with up to 25 air-conditioned rooms or cottages and better features will cost between R$1,000,000 and R$2,000,000.
For prices above R$3,000,000, you will get bigger hotels with a large number of well-furnished suites and located in the best places close to the river or close to the beach. You will also get all sorts of leisure facilities that you would expect in a premium hotel.
Buying Land In Imbassai
If you are looking for a 1000 to 2000 sq. meter plot for construction of a house, you can easily get them in the village or near the reserve for prices below R$400,000.
Larger plots ranging from 4000 to 10,000 sq. meters in size are also available and these are more suited to construction of an apartment building or a gated community. You can expect nice locations with sea view and the price will range between R$400,000 and R$1,000,000.
For prices above R$1,000,000, land is available in various sizes from 1.5 to 80 hectares. This type of land is located in areas suitable for a large housing community, a resort or other similar large scale venture.
Other Types Of Real Estate
You may find commercial spaces for setting up shops or small restaurants in strategic locations in the village. A commercial space of about 50 sq. meters should cost you about R$160,000.
Farmhouses which could run into hundreds of hectares of land and with a wide variety of vegetation are also available. The prices depend on the size, location, level of construction and the features offered.
Imbassai is a quiet village very close to Praia do Forte and not far from Salvador. It is an upcoming area with high development and growth prospects. It offers long unspoilt beaches and the development is carefully planned and controlled. Currently, land is much cheaper than neighboring Praia do Forte. So if you are looking for an investment with good capital appreciation prospects, take a look at the real estate for sale in Imbassai.