Real Estate Development Guide 2003-2004
By Marla Hoover
summer-fall/2003

For the past five years, Vallarta’s real estate market has been driven forward by developers who continue to produce a wide array of products for an increasingly more sophisticated buyer. These developers range from small, single-family homebuilders who produce one or two homes a year to “mega” developments that actually are almost self-sufficient communities offering a wide-range of real estate opportunities, not to mention amenities such as golf, tennis and boating.
Development in the past was mostly done by local contractors and builders; however, most of the new projects underway today are being done by outside companies, from either Guadalajara or Mexico City, or the United States. For the first time, Vallarta is seeing “Resort Specialists” entering the market, marketing groups with years of expertise in other resort communities. They are helping to “raise the bar” regarding quality and options available not just for themselves but for every developer around the bay. The outcome can only mean better product and services for Vallarta in general and for those interested in having a home here.

This special advertising section features nearly every real estate developer presently building homes or condominiums around Banderas Bay. It’s a very handy guide to what’s available and at what price. For further information, you can contact the developments directly or go through your real estate broker, who is welcome at all these projects.

Bel Air Estates

Central Vallarta
Bel Air Estates is located in the heart of the city, on a hill overlooking the South Side and popular Los Muertos beach. This exclusive, gated 40-lot community consists of three- and four-bedroom custom-made villas, each with private pool and landscaped tropical gardens. All homes offer unobstructed views of the mountains, city, sunsets over the ocean and the lights of the city and beyond at night. Additional amenities include upscale fireplaces, air conditioning, Jacuzzis, enclosed garages with remote control, and purchasers may choose their own types of interior finishings. Pre-construction prices start at $460,000 USD and include all appliances in the gourmet kitchen and laundry room. Construction is due to begin in October 2003. The developer is Vallarta Homes, directed by Lorraine Sosa with engineer Carlos Oviedo Patterson overseeing the project, info@belair-vallarta.com, 222-1193.

El Faro Real

Punta de Mita
El Faro Real is located on the North Shore on Playa Punta Mita, just steps away from the small village of El Anclote. Surrounding the village and El Faro Real is Punta Mita, a planned luxury resort and residential community covering more than 1,500 acres.

This deluxe condominium development consists of two buildings, each with just six two-bedroom units, one unit per floor, with direct access from the elevator into each unit. With a total approximate surface of 202.5 sq. meters (2,177 sq. ft.), each unit also will have an individual parking garage with remote control opener and a large storage area of approximately 7.5 sq. meters (80 sq. ft.). Other standard features include ceramic flooring throughout, large private terraces with sliding PVC doors, granite kitchen countertops in a choice of six colors, top brand refrigerator, stove, garbage disposal and washer/dryer, large closets with mirrored doors and satellite/cable TV hookups. Common areas will include a swimming pool, terraces, abundant landscaping and a palapa. Prices range from $346, 500 to $420,000 USD. Represented by La Punta Realty, info@puntarealty.com, (329) 291-6420.

Flamingos Club Residencial

Flamingos
Flamingos Club Residencial is an urban development that combines residential and commercial areas with modern services, such as a private club and regional shopping center. The concept of the development divides the property into two areas: a single-family gated area with controlled access and a multi-use residential area. Both areas will have complete facilities for water treatment, sewage and drainage, as well as electrical and security systems. The Hacienda Flamingos Social and Sports Club will be constructed on a 50,000-square meter (approximately 500,000-sq. ft) lot and will have 10 tennis courts, recreational swimming pool, semi-Olympic swimming pool, diving pool suitable for tournaments and football and soccer fields. The club also will contain a gym, a spa and a members-only restaurant. Lot sizes range from 300 to 800 square meters (approximately 3000 to 8000 sq. ft) for residential lots. Condominium project lots average 5,000 square meters (approximately 50,000 sq. ft.) for either horizontal or vertical structures. Prices for lots in the central gated area with green and common areas begin at $1,700 pesos (approximately $170 USD) per square meter, less a 10% discount for presale purchase. Prices for other residential lots begin at $1,500 pesos (approximately $150 USD) per square meter. For more information, contact relpublicas@flamingosnet.com or 221-0747.


Green Bay Condominiums

Nuevo Vallarta
Part of the Paradise Village Golf and Country Club in Nuevo Vallarta is the new Green Bay Golf, Tennis and Beach Club. Sixty condominium homes comprise the development that will feature one-, two- and three-bedroom residences located inside the golf course at “El Tigre.” Ownership provides access to the El Tigre beach and sports clubs, which include restaurants, tennis courts, swimming pool, gym and spa, as well as the marina and the El Tigre clubhouse and shopping areas. Several benefit packages are available for club privileges. Condominium homes range in square footage from 1,345 to 2,745 square feet. Currently 14 units have been sold, with more on hold. Amenities include Formica counter tops, General Electric refrigerator, Mabe or similar range and oven, garbage disposals, air conditioning, satellite TV system, pre-wired phone lines, two parking spaces per unit and optional upgrades. Prices range from $168,000 to $365,000 USD. Limited financing and title insurance are available. For more information, contact puertovallarta@greenbaypv.com or 297-2200.

La Cima I, II & III

Las Amapas
Located in the Amapas area, these luxurious condominium projects offer all the amenities for a perfect vacation or full-time residence. La Cima I, which features 14 spacious three- and four-bedroom residences from 3,000 to 5,500 square feet, has been described as the most attractive condominium building in the area. La Cima II consists of only two fabulous 5,500-square-foot penthouses with unsurpassed town and bay views, as well as private infinity pools and wrap-around sun decks. Located above the popular Playa Los Muertos area, La Cima lll will feature all the luxury, unique craftsmanship and spectacular views of La Cima l in 22 exclusive terraced residences plus two incredible penthouses, built amid tropical palm tree gardens, fountains and cascades. For all three, the nightlife of the lively Olas Altas area is just steps away. Prices range from $360,000 to $795,000 USD. Represented by Tropicasa Realty, sales@tropicasa.com, 222-6505.

La Playa Estates

Costa Banderas
The La Playa Estates development consists of seven beachfront estate homes and 19 well-appointed ocean view homes set along a two-mile stretch of sandy beach. The beachfront homes feature their own private pools, unique floor plans and excellence in construction, finishings and services, all with panoramic views and direct beach access. The ocean view homes are built on two elevated terraces that offer unobstructed views of the bay. Standard amenities include, but are not limited to, Subzero refrigerator, Dacor oven and stove, Bosh dishwasher, granite counter tops, covered two-car garage, marble flooring, Primavera wood carpentry and PVC and aluminum windows Exclusive for 26 owners, the beach clubhouse and spa area features a meandering infinity pool with built-in sun lounges, swim-up bar and facilities for entertaining large groups. There are also tennis and paddleball courts on the premises. La Playa Estates is located near Estiladeras Beach at Km 8.3 on the highway to Punta de Mita. Unit prices range from $650,000 to $1,200,000 USD. Title insurance is available. For more information, contact laplayarealty@hotmail.com or (329) 291-7062.

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