Posts Tagged ‘Punta Mita Real Estate’

Special Opportunity: La Punta del Faro home sites

Monday, January 17th, 2011

Riviera Partners Realty is pleased to have just received the listing of this signature collection of landmark home sites, located within Punta Mita’s exclusive residential sub-division of La Punta Estates. Situated on the far point of the peninsula, these home sites  look directly out onto the Marietas Islands, and offer unobstructed sunset views over the ocean. Large in size, they are ideal for designing your own signature residence, yet each comes with its own preliminary plan for a residence designed by the master architect, Diego Villaseñor.

Working with the original owner/developer, we have priced these home sites to sell in these challenging times. We have just completed the  closing of the first of these home sites, La Punta Number 1. This further indicates and supports our belief that when a property is priced correctly, promoted and marketed as such even in these unstable times, that we will be successful in realizing more transactions. We are currently working diligently with two other prospective purchasers on making offers on these properties. These home sites offer amazing value for the price, and should you have an interest in living in this exclusive sub-division of Punta Mita then please contact us at your earliest convenience, we are waiting for your call!

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Market Update

Monday, January 10th, 2011

We have been experiencing a marked increase in activity from late November (U.S. Thanksgiving) through the first week of December 2010, resulting in 11 new transactions  signed and working towards closing, with 6 or 7 closings squeezed into the last two weeks of 2010. These transactions are spread throughout our 5 RPR offices in Punta Mita, nahui and Los Veneros, therefore embracing the entire Riviera North Shore. We also have another 3 transactions that are close to having pen meet paper so during the end of 2010 we have seen great things happening. This gives us added confidence for the new year ahead!

We are also starting to see some interest from large international ‘funds’ looking to acquire land for future development, as well as smaller developers looking to get back into the market by way of purchasing developments in unsettled waters and/or raw land yet undeveloped throughout the Riviera North Shore. This again indicates to us that confidence is now returning little by little and we expect this trend to continue into the New Year.

While we do not see much new interest from U.S. prospective purchasers we are noticing that the Canadian and Mexican prospects are here to stay and we are sure that in time, as the U.S. economy and other factors regain some form of balance and/or path to recovery, that we will see our U.S. neighbors returning to rediscover our magical piece of paradise.

We are working diligently on our outreach programs through local residents and partner high-end brokers in Aspen, Colorado USA, and Calgary, Alberta, Canada. We are also to be traveling and hosting a number of events to further promote our region in these locations, including the important FITUR  Expo in Madrid, Spain, in late January. These events are being supported by our local residents from these areas along with our partner brokers located in the same cities who understand our market. We continue to think dynamically and out of the box given the inherent challenges that we face with the economy and other uncontrollable factors. We are committed to continuing to expand our outreach and evolve as a company to ensure our continued growth through these challenging times.

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November 2010 Market Update

Tuesday, November 16th, 2010

The weather has cooled, many of our friends and neighbors are returning, and we are looking ahead to a great winter season in the Riviera Nayarit, Riviera North Shore and Punta Mita. Despite the fact that the summer is traditionally a very slow time, we are pleased to announce that Riviera Partners Realty has closed four transactions in the past month and we have other offers pending agreement today.

We are optimistic about this coming season, and we’re not the only ones. You may have read in the news lately that an upbeat report from the Mexico Ministry of Tourism is showing a nearly 20% jump in international tourist arrivals via air to Mexico this year. According to the report, from January to August of this year, the number of international tourists arriving in Mexico by air increased by 19.2%, compared with the same period last year, one of Mexico’s worst-ever tourism years, and was up 6% compared with 2008, one of Mexico’s strongest years on record. The U.S. continues to be the main market for travelers to Mexico. In the first eight months of 2010, 4.3 million Americans arrived in Mexico, a 15.7% increase over the same period in 2009 and a 1.9% jump over 2008.
Some 61% of international tourists to Mexico are Americans, the ministry said.

Both the New York Times and Los Angeles Times reported this news, noting the increase is in spite the widespread – and sensationalist – reporting in the media of narco-related violence in Mexico, as well as the August bankruptcy of Mexicana Airlines, which was an important contributor to international air flight lift. Further, the growth in tourism has been primarily experienced in the beach resort areas—such as Puerto Vallarta and the North Shore—which have not experienced the same incidents of violence. Mexico is warmly welcoming the return of tourism after such a challenging year in 2009, and there are still abundant vacation – and real estate – values available, including here in Punta Mita. Make your plans to visit us here in paradise again soon.

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Special Buying Opportunities

Tuesday, November 2nd, 2010

Riviera Partners Realty is pleased to feature this limited selection of very special purchase opportunities. In the past 60 days we have experienced a marked increase in interest and offers being extended, although the market is still very much in the hands of the purchaser, and those sellers who understand the current market conditions and are willing to work within its boundaries. As such, we believe the window of opportunity for obtaining undervalued properties or special purchase terms could potentially be beginning to draw to a close.

Among our extensive boutique inventory of select properties, we feel the following offer exceptional values, due to recent price reductions or special terms. We invite you to review the selection of properties below, and should you have an interest, please contact us for additional details.

Additional special opportunities are available in the Punta Mita, Punta de Mita, Los Veneros, nahui and other Costa Banderas communities. For additional details on any of these special opportunities, or to schedule a viewing, contact Riviera Partners Realty, at: sales@rivierapartnersmx.com.

  • El Encanto Flat #101: This single-story 3-bedroom, 4-bathroom condominium residence offers 4,374 square feet of indoor and outdoor living space, together with spectacular golf and partial ocean views, within the El Encanto community. Occupying a coveted setting overlooking the Bay of Banderas and offering a unique view of three fairways from both Jack Nicklaus Signature Golf courses, El Encanto is an extraordinary residential enclave of waterfront and golf view residences. This particular condominium residence is a preferred ground floor location, offering direct golf course to ocean views. Notable details include top grade red cedar hardwood paneled doors, a heated infinity-edge soaking pool on the large terrace, fine marble flooring with “pebble carpet” design in selected areas, and terraces off of every bedroom. The Master Suite features an ample sitting area, walk-in closet, burnt red travertine marble countertops, his & her sinks, and a soaking tub. You’re bound to gather on the large, partially covered terrace that joins the spacious living/dining and kitchen areas with the pool area. The residence is designed to encourage outdoor living. El Encanto Flat #301 has been recently reduced in price to $1,250,000. View it now at: http://www.rivierapartnersmx.com/condos/encanto101.html
  • Porta Fortuna Zen Casita X6: This Zen Casita is an exceptional value, offered at USD$1,450,000, reduced from $1,850,000 USD. It is located in the Punta Mita community of Porta Fortuna, home to the Playa Fortuna Beach Club and Sufi restaurant. Porta Fortuna is near the St. Regis Resort and Club Punta Mita Golf Clubhouse. Views look across Banderas Bay to Puerto Vallarta, and across the Punta Mita peninsula to the Marietas Islands. The stylish, two-story Zen Casita features over 3,800 square feet of indoor and outdoor living space including three bedrooms, 3 ½ baths, and spacious dining and living rooms that open onto a large terrace. The terrace features a private plunge pool, Viking® grill and dramatic golf and ocean views. Other notable features include the large kitchen, Zen patio with a cascading water wall, outdoor shower, marble floors, solid handmade wood doors and closets, tropical wood decks and pergolas, and double glass energy efficient PVC doors and windows with wood finish. The Master Suite and second bedroom (generally accepted as a second Master Bedroom) are located on the upper level, both with direct access to an open sun- or stargazing terrace with a private, handmade Jacuzzi, while a third bedroom is located on the main level. View it now at: http://www.rivierapartnersmx.com/homes/villas/portafortunax6.html
  • Hacienda de Mita #102: This beachfront, ground floor Hacienda de Mita condo #102 has recently had its offering price reduced from $1,795,000 US to $1,695,000 US. As the beachfront units in Hacienda de Mita are among the most popular residences and rental properties in Punta Mita, this surely will not stay on the market long, and represents an exceptional value. Featuring 3BR, 4½ bathrooms plus a “flex” room, this residence offers stunning ocean views from is ample terraces than look directly onto the Hacienda de Mita beachfront. Hacienda de Mita community amenities include an oceanfront Beach Club with pool, plus access as a resident member to Punta Mita amenities. View it now at: http://www.rivierapartnersmx.com/condos/hacienda102.html
  • Four Seasons Private Villa #26: Unique opportunity! Recently restructured to offer a 50% ownership interest in this Four Seasons Private Villa, the offering price of $1,650,000 US will enable shared ownership in Punta Mita’s premier residential community. This legacy home is among the favored residences within Punta Mita, offering a coveted hillside location overlooking the Pacific Ocean and the Bay of Banderas, complemented by renowned Four Seasons service, as well as access to the Four Seasons Resort amenities. Distinguished by a private infinity edge plunge pool, gourmet kitchen, spacious covered terrace and patio areas, and an inviting four-bedroom design, this villa radiates Four Seasons quality and detailing, with over 6.475 of indoor-outdoor living space. A five-minute stroll or short shuttle ride from Four Seasons Resort Punta Mita, Four Seasons Private Villas provides the owner with convenient access to the resort and all its amenities. As a Four Seasons Private Villas owner you’re invited to enjoy hospitality considerations traditionally reserved only for guests of Four Seasons, including the attentive services of Four Seasons staff and access to acclaimed amenities. View it now at: http://www.rivierapartnersmx.com/homes/villas/fourseasonspv26.html.

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Feature Property for Sale: New Listing: Las Palmas Villa #2-Villa Amor

Monday, October 11th, 2010

Villa Amor, Las Palmas 2 is one of the four Las Palmas villas situated closest to the sandy beaches and the warm Pacific Ocean, offering spectacular sunset views. With many upgrades and improvements this residence offers Las Palmas Punta Mita living at its very best.

Located at the front/western most point of the Las Palmas Club & Villas community, Villa Amor is one of the four villas with a premier direct ocean view. This home offers a large enclosed garden with additional plants, trees and landscape lighting to enhance the outdoor experience. The enlarged plunge pool and terrace offers substantial outside living areas. Large tile marble floors and an added air-conditioned pantry are just a few of the many upgraded features. The master bedroom is well appointed with an extremely private covered terrace and an enlarged master bathroom with marble floors and walls featuring three inside showers and an outside shower.

This is a unique property within Las Palmas by way of its location, large virtually private garden area, added landscaping/lighting, and the many upgrades throughout. Offered at $1,595,000 USD. View it now at: http://www.rivierapartnersmx.com/homes/villas/laspalmas2-villaamor.html

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August Market Perspective

Monday, August 23rd, 2010

At Riviera Partners, we are seeing an increase in activity from Mexican buyers – both individuals as well as developers – coming back into the market. They are actively looking to take positions in well-priced real estate, as they sense that this is the bottom of price adjustments in this region. With the Mexico economy strong, we believe Mexican buyers will lead the return to investment in the area, paving the way for their Canadian and U.S. counterparts.

Part of their leading the return to purchases is due to the relative strength of the Mexican economy. Their economy has show consistent signs of positive recovery and an increase in activity in both manufacturing orders and exports, two key contributors to Mexico’s GDP. The Mexican central bank has forecast for the end of the second semester an average growth of between 4.0 to 5.0%, as well as the creation of between 525,000 to 625,000 new private sector jobs by year-end. Notwithstanding some concerns and risks for the economic grow, the consensus of analysts are calling the end of this recession in Mexico. The Mexican Bolsa (stock market index) continues to move in positive territory, having registered consistent gains since September 2009.

Mexico did not experience the same financial meltdown as the U.S., but merely reacted to the problems of its northern neighbor. Mexico’s banks and insurance companies emerged largely unscathed from the global crisis thanks to proactive supervision by regulators and the strict regulations put in place following a severe domestic financial crisis in 1995 that saw many of the country’s banks fail or go into government receivership. To ensure its institutions’ continued strength, the Mexico government recently instituted the Financial Stability Council. It held its first meeting in early August, just two weeks after President Felipe Calderon issued the decree establishing the body, whose main task is to watch for systemic risks in the country’s already heavily regulated financial system.

Today, all major Mexican banks are well capitalized and profitable, although somewhat reluctant to lend even as the economy is forecast to grow between 4% and 5% this year. Bank profits rose 15% year-on-year to 37.28 billion pesos ($2.93 million) in the first half of 2010, after growing 11% to MXN62.06 billion last year.

Mexico boasts the 12th largest economy in the world and, according to the World Bank, and it has the highest Gross National Income per capita in Latin America. Goldman Sachs’ recent study of emerging economies predicted that by 2050 Mexico will hold one of the largest economies in the world, alongside China, United States, India, Japan and Brazil.

In a word, the Mexico market is resilient, with the Mexico economy strong. Although the northern news media is focusing their cameras on violence resulting from the Mexican government’s aggressive war against drug traffickers, there is another story to be told in Mexico. It’s a shame positive news isn’t nearly as attention-getting as sensational news. Which, according to Mexican buyers – is just fine for them. It gives them more time to take advantage of current opportunities before their northern neighbors realize the opportunities present here, and return to the game.

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Staging your Home to Maximize your Selling Price

Tuesday, August 3rd, 2010

By Kathy Nidermaier, KNDesigns

For anyone with a home on the market to sell, success may just be in the presentation.

Real estate professionals today are insisting that staging makes a big difference in how quickly a home sells, which can mean a higher sale price. Home staging is a growing practice, especially among luxury properties or within communities where numerous homes are available for sale. A warm and inviting presentation of your home to prospective buyers can be just what sets it apart from the competition, and more importantly – what brings in a desirable offer.

The staging process may involve a simple review of lighting, rearranging of furniture and the addition of props and flowers, or it could be as extensive as bringing in new furniture, painting the walls in more neutral colors and hanging new artwork. Staging is simply marketing – it is the act of preparing and showcasing a home for sale. Preparing involves cleaning, de-cluttering, updating and repairing, while showcasing is the process of arranging furniture, accessories, art and light.

Why is this important now? In the current market, there are so many more options for buyers to choose from—and buyers are tending to look at a greater number of properties. Staging allows you to differentiate your home, as well as add extra value. Also, buyers—especially in the Punta Mita area—are tending to be very move-in ready, so a properly set up home provides the sense they could be enjoying it tomorrow.

Statistics from the U.S.’s National Association of Realtors show that only 10 percent of buyers can see past what is in front of them. Consistently, studies show that buyers tend to purchase the best looking, or most presentable home, even despite other factors such as location or orientation. This is where emotions come into play – generally, a house that is set up properly sells faster.

Kathy Nidermaier Designs offers professional staging services in Punta Mita. For more information on staging, and KND services, visit: http://kndmexico.com/index.php/services-offered/residential-staging/ or email: mailto:requestinfo@kndmexico.com

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Market Update – July 26

Monday, July 26th, 2010

So far, this summer has been hot in Punta Mita, and we’re not just referring to the weather — our office has closed two property transactions in the first 15 days of July, with an additional two closings scheduled for the balance of the month. We continue to see increasing interest from potential buyers, as they sense that the best values are now on the table.

Riviera Partners is proud to have spearheaded the first-ever meeting of Developers active in the North Shore in late July, to discuss common issues such as infrastructure, services and the environment. Also participating in this meeting will be representatives of the Nayarit state government. We believe that bringing together these entities will result in more successful and positive growth in our North Shore to Punta Mita region, and are pleased to invest our time and expertise in fostering this exchange of ideas and action.

As we mentioned last month, we continue to see the Mexican buyer as among the most active in our market currently, and as the traditional summer vacation period moves into full swing this month, this should only increase. Despite the sensational reports about Mexico airing in US media, residents of Mexico better understand that this issue of violence is contained to specific geographic regions, and is limited to specific groups. On the contrary, Pacific Mexico—especially around the greater Puerto Vallarta/Banderas Bay region—is viewed as just that, “Pacific”, as well as stable and with a solid economy. Property prices here are viewed as excellent values.

And our market is not the only one experiencing recovery. Our realtor friends in a similar luxury community in Hawaii have shared with us that their 2010 year-to-date sales are just over $71M, compared with $19M for the same period in 2009. Historically, they have proven to be a leading indicator for our market, so this strengthens our belief that prices have now stabilized in our market, and our optimism that activity will continue to increase.

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Feature Properties for Sale – July 2010

Monday, July 19th, 2010

We are pleased to highlight the following properties this month, as among the best values in our portfolio of available real estate for sale:

Hacienda de Mita PH-#7-2: Special upgraded unit! This is a unique oceanfront condominium residence within Hacienda de Mita, one of Punta Mita’s most popular residential and rental communities. This Penthouse unit features a sleek, contemporary design, upgraded from the original developer design. Priced at USD$1,900,000.00, it offers spectacular views highlighted by the clean, modern interior design. The beautifully appointed single-level penthouse condo features approximately 3,536 square feet of indoor and outdoor living space. The large Master suite has a walk-in closet and Jacuzzi tub, plus there are an additional two bedrooms, flex room, and 4.5 bathrooms. The expansive kitchen/dining/living-area extends onto the balcony and offers magnificent views of Banderas Bay. View it now at: http://www.rivierapartnersmx.com/condos/haciendaph7-2.html.

La Escollera – Village Development Parcel – We are excited to be able to offer a singular opportunity within our community—a small oceanfront development parcel within the Punta de Mita Village, which is an ideal location for a restaurant, shops or potentially even a small condo development. This parcel is located on the beach, near to the fisherman’s co-op, meaning it has a natural traffic draw. With a size of 10,424 sq.ft., we believe it offers a great value, and is priced to sell at US$1,790,000.00. View it now at: http://www.rivierapartnersmx.com/homesites/laescollera.html

Lagos del Mar homesite #18 – Build your custom resort home in Lagos del Mar, a Punta Mita community comprised of a stunning collection of signature residences—and only a few remaining home sites. This particular home site, number 18, is the largest home site within the Lagos del Mar estate subdivision of Punta Mita, at approximately an acre in size. Located and the end of a cul de sac it features spectacular ocean views over the 9th fairway, and into Banderas Bay. Total size is 41,186.22 sq.ft; and Lot 18 is priced at US $1,995,000.00. See it now at: http://www.rivierapartnersmx.com/homesites/lagos18.html

Las Palmas Villa #10 Las Palmas Villa number 10, Ola model, has just been listed for sale, at a price of USD$1,250,000.00. This three-bedroom villa features 3,917 square feet of luxurious indoor/outdoor living areas, and borders the fairways of the Pacifico Jack Nicklaus Signature golf course at the Punta Mita Golf Club. The single level, 3-bedroom, 3-bath design features a combination living/dining room that opens onto a partially covered expansive terrace, with outdoor dining area and private plunge pool. The primary master suite offers a separate, private terrace, as well as a walk-in closet and large bath with outdoor shower and patio. The second bedroom, also with walk-in closet and private bath, opens up to the main terrace. Just off the large central patio, which showcases a stunning water feature, is a gourmet kitchen and laundry, as well as a guest bath and additional bedroom. Throughout the villas is fine stone flooring, and adjacent is an enclosed garage with space for a large luxury car, golf cart, and storage.

Las Palmas Villa #23: Upgraded villa, priced to sell. Extensive customized upgrades and an exceptional location within the Las Palmas community make Villa 23 a special residence, and when added to its limited-offer special pricing of $1,200,000, we believe it represents one of the best values for ownership within Punta Mita today. Bordered by the 2nd fairway of the Jack Nicklaus Signature Pacifico Golf Course, and just minutes from the Residents’ Beach Club, this oceanview residence is in the “heart” of all that Punta Mita offers. The single-story villa has 3,777 square-feet of indoor and outdoor living space, with three exquisitely designed bedroom suites, each with a spacious bathroom. Notable details of the home include its upgraded integrated zoned sound system, upgraded fine stone flooring, upgraded technology package, and additional landscaping surrounding the infinity-edged heated pool. The Master bath features an oversized Jacuzzi bathtub with flat-screen TV above tub, plus an outdoor shower. The residence is fully furnished with a special interior design package, or has the option of purchase without furnishings. Explore it now at: http://www.rivierapartnersmx.com/homes/villas/laspalmas23.html

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