A similar sized apartment a few blocks away, lacking a sea view, is priced around $800,000 pesos to $1.2 million pesos per month. Administration ranges from $300,000 pesos to $1 million pesos. Rent for a sea-facing 2 bedroom, 2-bathroom apartment in a 15-year old building starts at $1,3 million pesos per month and can reach up to $2,5 million pesos for a newer building. In recent years, several luxury high-rise apartment buildings have been constructed with more “coming soon” transforming Bellavista into one of the more exclusive residential areas. Aside from being the only neighborhood in Santa Marta with its own beach and close proximity to the Marina, historical center, restaurants and bars, good public transport routes also makes this barrio an attractive option. Bellavista, a quiet residential neighborhood lining Los Cocos beach is often considered to be one of the best areas to live. Monthly rent differs considerably depending on the age of the building, amenities and whether the apartment has a view of the sea. And if that isn’t enough to lure you here, how about kilometers of palm-strewn beaches at your doorstep? As is to be expected, daily expenses depend on priorities, lifestyle and, most importantly, location. Over the past decade, increased security has attracted a wave of foreign and local investment that is transforming this “Pearl of the Caribbean” into an appealing travel destination, as well as a place to call home.īut what does it cost to live in an historical enclave where the sun shines 2,800 hours every year and to have the Sierra Nevada de Santa Marta permanently in sight. Indigenous beliefs and a modern way of life co-exist side by side. As Colombia’s oldest city, founded in 1525 by conquistador Rodrigo de Bastidas, Santa Marta possesses a distinct allure, surrounded by immense natural landscapes, teeming in biodiversity and where the past is cemented in colonial architecture.
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