NEIGHBORHOOD & INVESTMENT GUIDE
Why is 5 de Diciembre one of Puerto Vallarta's hottest neighborhoods?
Colonia 5 de Diciembre sits just north of the famous Malecon, and it has become one of Puerto Vallarta's most desirable places to buy because it combines three things that rarely come together: authentic Mexican charm, genuine walkability, and long-term investment potential. Whether you are looking for a vacation home, a retirement property, or an investment condo, this neighborhood offers a balance of lifestyle and value that is becoming increasingly difficult to find.
Key takeaway: 5 de Diciembre gives you beach and downtown access on foot, real neighborhood character, and a rising market before available land runs short.
A walkable lifestyle just steps from the beach
One of the biggest reasons buyers are drawn to 5 de Diciembre is its exceptional walkability. From most of the neighborhood you can reach:
- The beach, just minutes from home
- The Malecon and downtown Puerto Vallarta
- Local cafes and restaurants
- Farmers markets and neighborhood shops
- Grocery stores and everyday conveniences
For many buyers, the ability to leave the car behind and enjoy everything on foot is one of the neighborhood's greatest attractions, and it is a quality that supports both daily livability and rental appeal.
A neighborhood on the rise
Over the past several years, 5 de Diciembre has seen significant investment through boutique condominium developments, home renovations, and new businesses opening throughout the area. Unlike some parts of Puerto Vallarta dominated by large high-rise projects, 5 de Diciembre has kept its character while continuing to attract both local and international buyers.
As demand keeps growing and available land becomes more limited, many buyers see the neighborhood as an attractive opportunity for long-term appreciation.
Why buyers are choosing boutique developments
One trend shaping the market is the growing popularity of low-density developments. Many buyers prefer communities with fewer residences, which tend to offer greater privacy, quieter surroundings, and a stronger sense of community than larger condominium projects.
One development generating considerable interest is Higuera. Located just one block from the beach, Higuera will feature only 24 residences, making it one of the few boutique projects in the neighborhood.
Inside Higuera: a boutique project one block from the beach
Higuera is designed around privacy, light, and a limited number of homes. Available floor plans include:
| Residence type | What it offers |
|---|---|
| 1-bedroom loft | An efficient open-plan layout that works well as a lock-and-leave or a rental |
| 2-bedroom residence | More room for full-time living or hosting family and guests |
| Garden home | Private outdoor space with a jacuzzi |
| Penthouse | Spacious top-floor living with the widest views in the building |
Residents will also enjoy premium amenities, including:
- Rooftop infinity pool
- Fitness center with bay views
- Coffee parlor
- BBQ area
- Zen-inspired green spaces
- Controlled access and elevator
Early buyers are already taking advantage
Interest in Higuera has been strong since its launch. Several residences have already been reserved, and the initial 30 percent pre-construction pricing incentive has sold out. A limited number of residences remain available with a 25 percent pre-construction discount, giving buyers an opportunity to secure pricing before construction progresses.
For many investors, buying during pre-construction offers the potential to benefit from future appreciation while selecting from the best available floor plans.
Key takeaway: pre-construction pricing rewards early buyers, and at 24 residences, Higuera has limited inventory to go around.
Is 5 de Diciembre right for you?
If you are looking for a neighborhood that combines walkability, beach access, authentic Puerto Vallarta charm, strong rental appeal, and long-term investment potential, then Colonia 5 de Diciembre should be at the top of your list.
You can browse current listings on our Puerto Vallarta homes for sale page, explore new construction in Banderas Bay, and if you are buying from abroad, start with our guide to how to buy real estate in Mexico.
Learn more about Higuera
If you would like current pricing, floor plans, availability, or a private presentation of Higuera, I am happy to help. Reach out any time.
Gerardo Flores, Coldwell Banker La Costa
Phone: +52 322-182-5616
Email: gerardo.flores@cblacosta.com
Frequently asked questions
Is 5 de Diciembre a good neighborhood for real estate investment?
Yes. Its walkable location, proximity to the beach and the Malecon, and ongoing redevelopment have made it one of Puerto Vallarta's most sought-after neighborhoods for both lifestyle buyers and investors.
How far is Higuera from the beach?
Higuera is located approximately one block from the beach, so residents enjoy easy access to the coastline while staying close to downtown Puerto Vallarta.
What types of residences are available at Higuera?
Higuera offers 1-bedroom lofts, 2-bedroom residences, garden homes with private terraces and jacuzzis, and penthouses with expansive living spaces.
Is Higuera currently in pre-construction?
Yes. A limited number of residences are still available with 25 percent pre-construction pricing, following strong early buyer demand.
Coldwell Banker La Costa Realty fully supports the principles of the Equal Opportunity Act and the Fair Housing Act. Each office is independently owned and operated. This article is informational and not legal, tax, or financial advice. Development details, availability, and pricing incentives are subject to change.