Fruit Haven 4Page last updated: 23 February 2020
Fruit Haven 4 is a 23.5-hectare property along the Rio Zamora, adjacent to Fruit Haven 2.
It is currently in Stage 1 of planning, which means we are looking for seed investors to purchase the property from its current owner, so that we can carry out a group land buy.
The property is accessible via a bridge across the Rio Zamora near Chuchumbleza, between Gualaquiza and El Pangui. The bridge is accessible to foot traffic, bicycle, and motorcycle, though it is not wide enough for cars. The government has plans to widen the bridge so cars and pickup trucks can pass. See the area map below.
It is about a 20-minute walk (or short motorcycle ride) out to the main road (E-45) where one can easily catch a bus or drive north to Gualaquiza (40 minutes) or south to El Pangui (15 minutes). You can also get a taxi direct from the bridge. Once the bridge is widened (we expect this to happen in 2-3 years) there will be direct road access to the property.
Electric is not installed but there is a powerline nearby. We will connect the community area to the powerline. Individual homestead lot owners can hook up to the powerline if they want (installation cost is their own responsibility) or use off-grid options. Internet can be installed at this location all throughout the property. We will install a community water system that will allow all owners to hook up and receive gravity-powered pressurized water from the stream up in the mountain.
Property features and geography
The property starts at the river, with about 16 hectares of pasture. The terrain is a mix of rolling hills, flat areas, plateaus, and gentle slopes. After the pasture, it is forested all the way to the back (east) side of the property. At the very back it is very steep steep; this part will not be used for homestead lots. The property is about 525 meters wide (north to south) along the river and 950 meters long, though the eastern part has a peninsula shape. It will be divided into ~0.8 hectare lots and an ~0.8 hectare community area, and those lots can be combined into larger lots for the larger shareholders. Remaining land is either taken up by driveways, or is the forest reserve at the far east side.
Property development budget
When we do a group buy, the price of each share includes a contribution to the property development fund. This allows for basic maintenance of the property, construction and maintenance of the community area, and other important elements (driveway, electric, internet, water system, etc.)
This fund should be sufficient for the 4-5 years after the initial closing. After this fund is exhausted, FH4 owners should expect to pay about $300/year per 5% share to cover maintenance of the driveways, community area, property boundary, etc. However, this amount may be reduced via renting rooms in the community house.
Click here to view photos of the property.
Click here to see some video clips.
Horizontal Property Contract
When we do a group buy, owners must sign a contract (via power of attorney) specifying land use, lot assignment, and other general rules. A sample of this contract can be found on the main Group Land Buys page.
The closing costs will depend on the number of seed investors, so this will be announced once we have enough people to purchase the property.
This covers all government fees, sales taxes, registration, as well as the agent's fee for carrying out the sale. There are two things it does not cover: (1) Your signing, sending, or possible translation of the power of attorney document, as these costs can vary depending on your situation. (2) Any money transfer fees you may incur in sending the closing costs or property purchase funds. Note that the seller will be responsible for any possible intermediary bank fees or foreign exchange fees.
Map of Area
This map shows the proximity to the other Fruit Haven properties.
Example Lot Map
This map is an example of what the lot map might look like after we do the topography work.