Puerto Vallarta Real Estate Analytics

ALERO

Puerto Vallarta > Centro North > 5 de Diciembre

Data Current As Of: July 12, 2026

Puerto Vallarta > Centro North > 5 de Diciembre > ALERO
Condos | Houses | Resale | Pre-Construction

Active Listings

12

By Bedroom
Studio 51BR 22BR 53BR+ 0

Pending Listings

0

By Bedroom
Studio 01BR 02BR 03BR+ 0

Closed Sales - 12 Mo

13

By Bedroom
Studio 11BR 32BR 93BR+ 0

Sold Price

$322,191

By Bedroom
Studio $243,1891BR $302,9382BR $322,3733BR+ -

Price / Measure

$406

By Bedroom
Studio $4311BR $4192BR $3993BR+ -

Months Inventory

11.1

By Bedroom
Studio 601BR 82BR 6.73BR+ -

Market Summary

For all market properties in ALERO, there are currently 12 active listings, 0 pending listings, and 13 closed sales over the past 12 months. The median sold price is $322,191, with average sold pricing around $406 per square foot. Current months of inventory is 11.1.

SearchPV Market Insight

Current Market Read

Alero is important to track because it represents boutique new-development inventory in 5 de Diciembre, a neighborhood where newer condominium options compete with older buildings, hillside homes, and central resale inventory. Buyers should not evaluate Alero only by asking price. Unit-specific details matter. Floor level, orientation, layout, terrace space, view, parking, HOA costs, rental permissions, noise exposure, finish quality, and overall condition can all materially affect value. Because 5 de Diciembre includes many different property types, buyers should compare Alero against similar newer boutique developments rather than relying only on broad Centro North averages.

About ALERO

Development profile and building context

Overview

Alero is a boutique condominium development in 5 de Diciembre, within Puerto Vallarta's Centro North area. It is best understood as a smaller urban project for buyers who want newer construction, central location, walkability, and access to the everyday life of one of Puerto Vallarta's most established neighborhoods. The development appeals to buyers who want to be near the beach, Malecón, cafés, markets, restaurants, and central Puerto Vallarta services without choosing a large resort tower or gated suburban-style project. Alero's scale gives it a different feel from larger Hotel Zone, Marina Vallarta, or South Shore developments. Alero is especially relevant for buyers comparing newer boutique inventory in 5 de Diciembre against older resale condos, hillside properties, and larger central developments. Unit selection matters. Floor level, orientation, terrace usability, view corridor, parking, HOA costs, rental rules, finish quality, and furnishing package can all materially affect value.

Building Facts

DevelopmentAlero
Community5 de Diciembre
AreaCentro North
AddressHonduras 234, 5 de Diciembre, Puerto Vallarta, Jalisco
Neighborhood5 de Diciembre / Centro North
Property TypeCondominium
ViewsBay, city, mountain, and neighborhood views may vary by floor, orientation, and unit position.
ParkingVerify assigned or deeded parking before purchase.
Pet PolicyVerify current building and HOA pet rules before purchase.
Rental PolicyVerify current building, HOA, and short-term rental rules before purchase.

Building Facts

Public sources describe Alero as a boutique six-level condominium development in 5 de Diciembre with 26 condos. Public materials reference studio, one-bedroom, and two-bedroom layouts, private terraces, rooftop infinity pool, gym, grill or BBQ area, lobby, interior garden, and panoramic views of the bay, city, and mountains. Public sources should be treated as marketing references rather than final condominium documentation. Buyers should verify final residence count, parking, storage, HOA budget, delivery status, rental rules, pet rules, amenity access, and operating costs against current condominium documents, HOA records, or administrator information before purchase.

Amenities

PoolRooftopGymBBQLobby

Location

Alero is located in 5 de Diciembre, one of Puerto Vallarta's most established central neighborhoods. This area sits just north of Centro and offers access to local restaurants, cafés, markets, services, the Malecón corridor, and beach-oriented activity. The location is more urban and local-feeling than Marina Vallarta or many Hotel Zone developments. It can appeal to buyers who want central Puerto Vallarta access without being directly in the busiest streets of Zona Romántica. Buyers should expect an active neighborhood environment. Some daily needs and central destinations may be practical on foot, while airport trips, large shopping runs, and travel outside central Puerto Vallarta may still require a vehicle, taxi, rideshare, or bus.

Lifestyle

The Alero lifestyle is urban, compact, and neighborhood-oriented. Buyers are typically drawn to the development because they want a smaller new-building environment with rooftop amenities and close access to the beach, Malecón, cafés, markets, restaurants, and local services. This can work well for seasonal owners, full-time residents, remote workers, vacation-home buyers, and investors who want a central Puerto Vallarta base with a more local feel than the Hotel Zone or Marina Vallarta. The trade-off is that 5 de Diciembre is an active urban neighborhood. Buyers should evaluate street exposure, floor level, terrace orientation, parking, noise, and how comfortable they are with a lively central setting.

Buyer Notes

Alero may be a good fit for buyers who want a boutique new-construction condominium in 5 de Diciembre with central access, rooftop amenities, and a neighborhood feel. It may be especially relevant for buyers who value walkability, proximity to the beach and Malecón, smaller building scale, and central Puerto Vallarta lifestyle. It may be less suitable for buyers who require direct beachfront positioning, large resort-style grounds, extensive amenities, or a quiet suburban setting.

Investor Notes

Investors should evaluate Alero based on unit layout, furnishing quality, HOA rules, rental permissions, management quality, seasonality, operating costs, and competition from other central Puerto Vallarta developments. The 5 de Diciembre location can appeal to visitors who want a central local experience near the beach and Malecón, but rental performance will depend heavily on presentation, access, view, terrace usability, and management.

Website

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Nearby

Around ALERO

Daily convenience, lifestyle access, and nearby amenities.

Walkability
80Very Good

Walkability

Most daily errands can likely be completed on foot. In this location, beach access is approximately 264 m away, the nearest grocery option is about 86 m away, the nearest pharmacy is about 157 m away.

The immediate area offers multiple cafés, some nearby bars, walkable grocery options, nearby pharmacy access.

5
Restaurants
5
Cafés
5
Bars
5
Grocery
3
Pharmacies
2
Parks

Closest Highlights

🏖️
Beach
Playa Camarones
264 m • 3 min walk
Beach access
🛒
Grocery
Oxxo
86 m • 1 min walk
Daily convenience
💊
Pharmacy
AVM
157 m • 2 min walk
Everyday necessity
🍽️
Restaurant
Taqueria La Doña
4 m • 1 min walk
Dining
Café
LA BODEGUITA DEL CAFE
117 m • 1 min walk
Daily lifestyle
🍸
Bar
La Casa Del Bloody Mary
17 m • 1 min walk
Nightlife
🌳
Park
Parque Hidalgo
444 m • 6 min walk
Outdoor space

Nearby place data © OpenStreetMap contributors.