El Faro

The lighthouse district at the head of the beach strip - the city's signature landmark and a premium coastal address.

Updated June 17, 202611 min read

About El Faro

El Faro takes its name from the El Faro Monumental lighthouse that crowns the northern head of Avenida del Mar - La Serena's defining symbol and the busiest, most photographed stretch of coast. Surrounded by beaches, restaurants and the seafront promenade, it is the social and tourist epicentre of the city's shoreline. For investors El Faro is the premium-coastal and short-let play. Apartments here command a landmark premium at roughly CLP 2.4-3.0 million/m² (USD 2,500-3,100), and the area's intense tourist footfall - amplified by the doubling summer population - drives top-of-range short-let occupancy and gross yields toward the city's 5%+ ceiling. As the most recognisable address on the coast, well-located El Faro stock combines strong rental income with the resale liquidity of an iconic location.

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Location

El Faro in La Serena, Coquimbo Region, Chile

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