It is hard to find a lot under $100,000 dollars these days, but here is your chance. It sits on a cult de sac with nothing in front of the lot except common area giving you a lot more usable land than the 227 M2. It can be single level living but you would need to build down or put some columns down as it slopes off from the street downward. In the US many people want lots with potential walk out basement, well this is it! You will also have good views to the ocean around a home in front of you, which is smaller in nature. And if you put on a roof top terrace your views will be very nice.
The mountains behind also are very nice and peaceful to look at.
This section of Plaza del Mar was left for the trash, but a few new investments in it have improved the area tremendously and it continues to improve, which adds value to your property. We live in here full time and like it a lot. And have sold many people their properties in here. It is a very good choice if you want a place without the problems and cost of an HOA telling you what you can and cannot do. It is one of the few choices you have.