Centro — Downtown & the Malecón, Puerto Vallarta real estate: properties for sale
269 properties for sale · median US$480,000 · US$89,900–US$2,950,000 · Updated 3 Oct 2026
Centro — Downtown & the Malecón (MLS: Centro North) is the Puerto Vallarta district north of the Río Cuale, from the downtown core to the cobblestone hills above. It joins 5 de Diciembre, El Cerro, Gringo Gulch, Olímpica and Lázaro Cárdenas.
MLS area: Centro North
Also known as: Downtown Puerto Vallarta, El Centro, Malecón, 5 de Diciembre, Gringo Gulch, Centro.
Updated 3 Oct 2026
Full facts table
- Median asking price
- US$480,000 · MX$8,400,000
- Range
- US$89,900 – US$2,950,000
- Median price per m²
- US$4,623
- Pre-construction
- 155 / 244 (64%)
- Median days on market
- 310 days
Inside Centro — Downtown & the Malecón
Communities in Centro — Downtown & the Malecón
- 5 de Diciembre 160
- El Centro 31
- El Cerro 44
- Gringo Gulch 5
- Lazaro Cardenas 11
- Olimpica 15
Developments in Centro — Downtown & the Malecón
Newest listings
US$480,200
NEWLand · 465 m² lot
Lazaro Cardenas, Centro North
MLS 45446
US$549,000
NEWBuiltCondo · 1 bed · 1 bath · 72 m²
Playa Camarones, 5 de Diciembre, Centro North
MLS 45216
US$475,000
NEWBuiltHouse · 9 bed · 6 bath · 4 half bath · 521 m² · 168 m² lot
El Centro, Centro North
MLS 45130
US$449,000
PendingBuiltCondo · 3 bed · 3 bath · 218 m²
Las Vistas, 5 de Diciembre, Centro North
MLS 45103
US$668,890
NEWPre-constructionCondo · 2 bed · 1 bath · 115 m²
El Centro, Centro North
MLS 45087
Showing 60 of 269 listings
US$2,950,000
BuiltHouse · 9 bed · 9 bath · 2 half bath · 409 m² · 320 m² lot
5 de Diciembre, Centro North
MLS 41484
US$2,699,000
BuiltHouse · 9 bed · 8 bath · 2 half bath · 862 m² · 462 m² lot
5 de Diciembre, Centro North
MLS 43670
US$2,650,000
BuiltHouse · 5 bed · 5 bath · 3 half bath · 737 m² · 686 m² lot
Gringo Gulch, Centro North
MLS 43702
US$1,905,000
BuiltHouse · 12 bed · 15 bath · 874 m² · 275 m² lot
5 de Diciembre, Centro North
MLS 41737
US$1,832,000
NEWMulti-family · 229 m² lot
5 de Diciembre, Centro North
MLS 44526
US$1,559,846
NEWPre-constructionCondo · 3 bed · 3 bath · 1 half bath · 254 m²
5 de Diciembre, Centro North
MLS 45435
US$1,499,000
Pre-constructionCondo · 3 bed · 3 bath · 1 half bath · 287 m²
5 de Diciembre, Centro North
MLS 38844
US$1,495,000
Pre-constructionCondo · 3 bed · 3 bath · 1 half bath · 291 m²
5 de Diciembre, Centro North
MLS 38790
US$1,375,000
PendingBuiltHouse · 5 bed · 6 bath · 1 half bath · 640 m² · 204 m² lot
El Cerro, Centro North
MLS 23425
US$1,249,000
Pre-constructionCondo · 3 bed · 3 bath · 1 half bath · 240 m²
5 de Diciembre, Centro North
MLS 38846
US$1,235,000
Pre-constructionCondo · 3 bed · 3 bath · 1 half bath · 240 m²
5 de Diciembre, Centro North
MLS 38843
US$1,200,000
BuiltHouse · 3 bed · 3 bath · 250 m² · 429 m² lot
Gringo Gulch, Centro North
MLS 40831
US$1,200,000
BuiltHouse · 9 bed · 12 bath · 2 half bath · 380 m² · 196 m² lot
El Centro, Centro North
MLS 43287
US$1,200,000
BuiltHouse · 6 bed · 4 bath · 354 m² · 150 m² lot
El Centro, Centro North
MLS 44129
US$1,190,000
Multi-family · 309 m² lot
El Cerro, Centro North
MLS 40711
US$1,159,000
BuiltHouse · 4 bed · 4 bath · 1 half bath · 357 m² · 136 m² lot
Gringo Gulch, Centro North
MLS 37831
US$1,148,792
Multi-family · 105 m² lot
5 de Diciembre, Centro North
MLS 41054
US$1,125,000
BuiltCondo · 3 bed · 3 bath · 357 m²
El Centro, Centro North
MLS 42426
US$1,008,206
NEWPre-constructionCondo · 2 bed · 1 bath · 145 m²
El Centro, Centro North
MLS 45209
US$1,000,000
Land · 783 m² lot
5 de Diciembre, Centro North
MLS 42810
US$999,000
BACK ON MARKETMulti-family · 272 m² lot
El Cerro, Centro North
MLS 40405
US$995,809
BuiltHouse · 5 bed · 4 bath · 2 half bath · 300 m² · 90 m² lot
5 de Diciembre, Centro North
MLS 44405
US$995,000
BuiltCondo · 3 bed · 3 bath · 1 half bath · 384 m²
5 de Diciembre, Centro North
MLS 41604
US$978,220
NEWPre-constructionCondo · 2 bed · 1 bath · 141 m²
El Centro, Centro North
MLS 45208
US$970,000
Pre-constructionCondo · 2 bed · 2 bath · 1 half bath · 191 m²
5 de Diciembre, Centro North
MLS 38791
US$953,000
Pre-constructionCondo · 2 bed · 2 bath · 1 half bath · 191 m²
5 de Diciembre, Centro North
MLS 38788
US$950,000
Multi-family · 258 m² lot
5 de Diciembre, Centro North
MLS 41136
US$923,000
PendingPre-constructionCondo · 3 bed · 3 bath · 189 m²
5 de Diciembre, Centro North
MLS 38783
US$915,337
NEWPre-constructionCondo · 2 bed · 2 bath · 187 m²
5 de Diciembre, Centro North
MLS 45155
US$914,000
Pre-constructionCondo · 3 bed · 3 bath · 189 m²
5 de Diciembre, Centro North
MLS 38781
US$900,090
BuiltHouse · 5 bed · 4 bath · 435 m² · 100 m² lot
Gringo Gulch, Centro North
MLS 41207
US$900,000
Pre-constructionCondo · 3 bed · 3 bath · 189 m²
5 de Diciembre, Centro North
MLS 38778
US$879,000
Pre-constructionCondo · 2 bed · 2 bath · 1 half bath · 169 m²
5 de Diciembre, Centro North
MLS 38789
US$854,000
Pre-constructionCondo · 2 bed · 2 bath · 1 half bath · 169 m²
5 de Diciembre, Centro North
MLS 38787
US$850,000
Land · 688 m² lot
Lazaro Cardenas, Centro North
MLS 39058
US$849,000
BuiltHouse · 3 bed · 2 bath · 1 half bath · 279 m² · 164 m² lot
El Cerro, Centro North
MLS 42384
US$835,416
NEWPre-constructionCondo · 2 bed · 2 bath · 154 m²
5 de Diciembre, Centro North
MLS 44904
US$813,000
Pre-constructionCondo · 2 bed · 2 bath · 156 m²
5 de Diciembre, Centro North
MLS 38842
US$800,000
Pre-constructionCondo · 2 bed · 2 bath · 156 m²
5 de Diciembre, Centro North
MLS 38839
US$799,000
Pre-constructionCondo · 2 bed · 2 bath · 156 m²
5 de Diciembre, Centro North
MLS 38833
US$799,000
BuiltHouse · 3 bed · 4 bath · 200 m² · 168 m² lot
El Centro, Centro North
MLS 41758
US$792,537
NEWPre-constructionCondo · 1 bed · 1 bath · 111 m²
El Centro, Centro North
MLS 45207
US$778,000
Pre-constructionCondo · 2 bed · 2 bath · 156 m²
5 de Diciembre, Centro North
MLS 38828
US$776,703
NEWPre-constructionCondo · 2 bed · 2 bath · 159 m²
5 de Diciembre, Centro North
MLS 45431
US$773,000
Pre-constructionCondo · 2 bed · 2 bath · 154 m²
5 de Diciembre, Centro North
MLS 38837
US$771,000
Pre-constructionCondo · 2 bed · 2 bath · 154 m²
5 de Diciembre, Centro North
MLS 38832
US$767,000
Pre-constructionCondo · 2 bed · 2 bath · 152 m²
5 de Diciembre, Centro North
MLS 38834
US$764,000
Pre-constructionCondo · 2 bed · 2 bath · 156 m²
5 de Diciembre, Centro North
MLS 38823
US$754,999
BuiltHouse · 4 bed · 4 bath · 1 half bath · 205 m² · 40 m² lot
5 de Diciembre, Centro North
MLS 43584
US$754,000
Pre-constructionCondo · 2 bed · 2 bath · 154 m²
5 de Diciembre, Centro North
MLS 38827
US$753,000
Pre-constructionCondo · 2 bed · 2 bath · 152 m²
5 de Diciembre, Centro North
MLS 38829
US$750,000
Pre-constructionCondo · 2 bed · 2 bath · 156 m²
5 de Diciembre, Centro North
MLS 38813
US$746,000
Pre-constructionCondo · 2 bed · 2 bath · 154 m²
5 de Diciembre, Centro North
MLS 38822
US$745,000
Pre-constructionCondo · 2 bed · 2 bath · 152 m²
5 de Diciembre, Centro North
MLS 38824
US$742,000
Pre-constructionCondo · 2 bed · 2 bath · 156 m²
5 de Diciembre, Centro North
MLS 38808
US$738,000
Pre-constructionCondo · 2 bed · 2 bath · 152 m²
5 de Diciembre, Centro North
MLS 38786
US$737,000
Pre-constructionCondo · 2 bed · 2 bath · 152 m²
5 de Diciembre, Centro North
MLS 38819
US$735,000
Pre-constructionCondo · 2 bed · 2 bath · 154 m²
5 de Diciembre, Centro North
MLS 38812
US$730,000
Pre-constructionCondo · 2 bed · 2 bath · 152 m²
5 de Diciembre, Centro North
MLS 38785
US$729,000
Pre-constructionCondo · 2 bed · 2 bath · 152 m²
5 de Diciembre, Centro North
MLS 38809
Named places here
Río Cuale
Isla Cuale, the cultural center and artisan market
Prices at a glance
| homes | condos | lots | other | Total | |
|---|---|---|---|---|---|
| Under US$250,000 | 0 | 26 | 7 | 0 | 33 |
| US$250,000–US$500,000 | 9 | 100 | 6 | 1 | 116 |
| US$500,000–US$1,000,000 | 9 | 84 | 5 | 2 | 100 |
| US$1,000,000–US$2,000,000 | 6 | 7 | 1 | 3 | 17 |
| US$2,000,000+ | 3 | 0 | 0 | 0 | 3 |
| Total | 27 | 217 | 19 | 6 | 269 |
| Community | Properties | Median US$ | Lowest–highest US$ |
|---|---|---|---|
| 5 de Diciembre | 160 | US$545,540 | US$160,000–US$2,950,000 |
| El Cerro | 44 | US$405,649 | US$65,000–US$1,375,000 |
| El Centro | 31 | US$389,000 | US$223,456–US$1,200,000 |
| Olimpica | 15 | US$337,600 | US$187,200–US$420,800 |
| Lazaro Cardenas | 11 | US$429,000 | US$89,900–US$850,000 |
| Gringo Gulch | 5 | US$1,159,000 | US$579,000–US$2,650,000 |
What these properties report
| Feature | Count | Share |
|---|---|---|
| Pool | 193 | 72% |
| Gated / entry gate | 140 | 52% |
| 24-hour security | 129 | 48% |
| Gym | 128 | 48% |
| Elevator | 204 | 76% |
| Beach access | 2 | 1% |
| Pets allowed | 236 | 88% |
| Furnished | 45 | 17% |
| Ocean view | 100 | 37% |
| Parking reported | 135 | 50% |
Listed each year
Listed each year
| Year | Listed | Median asking price | Median asking US$/m² |
|---|---|---|---|
| 2015 | 113 | US$242,500 | US$1,588 |
| 2016 | 107 | US$310,000 | US$1,256 |
| 2017 | 101 | US$260,000 | US$1,605 |
| 2018 | 116 | US$230,000 | US$1,788 |
| 2019 | 143 | US$335,000 | US$2,604 |
| 2020 | 86 | US$210,250 | US$2,383 |
| 2021 | 134 | US$324,360 | US$2,766 |
| 2022 | 141 | US$343,850 | US$2,347 |
| 2023 | 357 | US$432,897 | US$3,844 |
| 2024 | 351 | US$470,278 | US$4,223 |
| 2025 | 406 | US$495,000 | US$4,325 |
| 2026 | 81 | US$460,619 | US$3,543 |
Asking prices at listing, not sale prices. Source: AMPI Vallarta Nayarit MLS history (MLS-truth), through Sep 2026.
About Centro — Downtown & the Malecón
Centro — Downtown & the Malecón (the MLS calls it Centro North) is everything north of the Río Cuale through downtown and the cobblestone hills above it. Buyers say Centro, Downtown, Old Vallarta, or the colonia. El Centro is the historic heart: the Malecón and its sculptures, the Parroquia de Guadalupe and its crown, the plazas, galleries and nightlife, dense, mixed-use and pedestrian. 5 de Diciembre, with two thirds of the area's listings, is the flat grid and hillside just north of it centred on Playa Camarones: traditional Mexican houses, small condo buildings, hillside renovations, a growing café scene and most of the new construction. El Cerro is the hill above the centre, cobblestone lanes climbing to the Mirador de la Cruz. Gringo Gulch is the tiny historic pocket on the river's north bank above the church where Taylor and Burton lived. Olímpica and Lázaro Cárdenas are the flat, asphalt residential colonias east of the Hotel Zone boulevard, quieter and mostly Mexican.
The downtown core and the flat colonias are as walkable as anywhere in Mexico; El Cerro, upper 5 de Diciembre and Gringo Gulch are steep. Buyers are people who want to live on foot in the middle of the city, including many who rent their place out when they are away.
Practical points. The airport is about nine kilometres, ten to fifteen minutes off peak up Medina Ascencio and twenty in traffic. Hospital CMQ has a 24-hour bilingual centre on Basilio Badillo. Cobblestone streets mean scarce parking; a space is worth paying for. In pre-construction ask for the escrow terms, delivery date and registration in writing, and on the hillsides ask about slope drainage and retaining walls rather than flooding. Every purchase is inside the restricted zone and goes through a fideicomiso.
— John Forget, Mexico Life Realty
Quick answers
How many properties are for sale in Centro — Downtown & the Malecón?
As of 3 Oct 2026, 269 properties are for sale in Centro — Downtown & the Malecón: 217 condos, 27 houses, 19 lots and 6 multi-family.
What is the median asking price in Centro — Downtown & the Malecón?
As of 3 Oct 2026, The median asking price is US$480,000 (MX$8,400,000); asking prices run from US$89,900 to US$2,950,000.
How much of Centro — Downtown & the Malecón is pre-construction?
As of 3 Oct 2026, 64% of the properties for sale (155 of 244) are pre-construction.
Which communities are in Centro — Downtown & the Malecón?
As of 3 Oct 2026, Centro — Downtown & the Malecón has 6 communities: 5 de Diciembre (160), El Centro (31), El Cerro (44), Gringo Gulch (5), Lazaro Cardenas (11) and Olimpica (15).
Where is Centro — Downtown & the Malecón?
As of 3 Oct 2026, Centro — Downtown & the Malecón is in Puerto Vallarta, Mexico.
More questions
How many properties under US$250,000 are for sale in Centro — Downtown & the Malecón?
As of 3 Oct 2026, 33 properties under US$250,000 are for sale in Centro — Downtown & the Malecón.
How many properties under US$500,000 are for sale in Centro — Downtown & the Malecón?
As of 3 Oct 2026, 149 properties under US$500,000 are for sale in Centro — Downtown & the Malecón.
How many properties were listed in Centro — Downtown & the Malecón in 2025?
As of 28 Sep 2026, 406 properties were listed in Centro — Downtown & the Malecón in 2025, based on MLS history (asking prices at listing, not sale prices).