5 de Diciembre

A walkable, gentrifying neighbourhood just north of the Malecón, authentic PV living with limited land and rising demand.

Updated June 19, 202611 min read

About 5 de Diciembre

5 de Diciembre sits immediately north of Puerto Vallarta's Malecón and Centro, a traditional hillside-to-shore neighbourhood that has become one of the city's clearest gentrification stories. It combines authentic local life with walkability to the boardwalk, beach and Old Town, plus a growing crop of boutique condos. For investors, 5 de Diciembre offers mid-range entry with upside. It is one of the neighbourhoods outperforming the wider PV market thanks to walkability, an emerging dining scene and limited buildable land, and select interior blocks deliver gross yields in the 5-7% range. Furnished one- and two-beds rent for roughly MXN 20,000-40,000 a month. The case is walkable, gentrifying value a step off the beachfront; the trade-off is a still-transitioning streetscape. Peso/USD mixed.

Location

5 de Diciembre in Puerto Vallarta, Jalisco, Mexico

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