Costanera

The Costanera is Frutillar's lakeshore avenue, running along the water between Frutillar Bajo's historic core and the newer residential edges. It offers the town's best uninterrupted volcano-and-lake panoramas and is where most of the commune's modern low-rise apartment supply has been built, appealing to investors who want a turnkey unit rather than a heritage house. New and near-new apartments along the Costanera trade at USD 1,100-1,400 per m2, with lake-facing units at the upper end. Long-let gross yields sit near 4.2-4.8%, while furnished summer-season short lets aimed at festival and holiday visitors can lift effective returns. Continued scarcity of buildable lakefront, paired with around 5-6% annual UF appreciation, makes the Costanera a balanced pick for buyers wanting views, modern construction and rental flexibility.

Costanera in Frutillar, Los Lagos Region, Chile