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Welcome to our monthly newsletter, Previews, designed to keep our clients and friends informed of news in the Punta Mita/Bay of Banderas region. Our objective is for this communication to be an anticipated tool for staying in contact with your resort home community, so please feel free to share with us any ideas for information you would like to receive.
And please note—we’ve changed our name! We are now proudly Riviera Partners, Coldwell Banker Previews. Due to our expanding collection of represented properties throughout the northern Banderas Bay region, we made this change to better identify us with the range of our expertise. We remain the same original partners of Wally Lopez, Jonathon Smart and Brock Squire, and look forward to welcoming you to our offices in Plaza Ollin.
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 Positive Economic Data Exposes Buying Opportunities
Media Drives Swine Flu Pandemic by Brock Squire
As international stock markets recovered from their March lows, real estate buyers seemed to take heed and after months of very little sales activity, the buyers started to come out of their caves and started looking at properties. Depending on the market and location in the Banderas / Riviera region, buying opportunities have been variable. Depending on sellers’ circumstances there have been reports of what could only be termed phenomenal opportunities from a historical perspective. As these ‘lookers’ have been turning into ‘buyers’, we have continued to see a pick-up in seasonal activity. Often, in the more normal markets in the past years, buyers look in the ‘high’ season and buy in the ‘low’ season. I expect that what we are now seeing is quite a bit of that – further enhanced by the perception that the economy may be nearing its low point and poised for a bit of an upswing. After seeing more properties go under contract over the past 30 days than we have likely seen for the past 6 months we are hopeful that we are clearly in a recovery phase where we will still see a clearing out of distressed properties at relatively opportunistic prices which we fully expect to last through to the end of the year.
At the same time, these difficult times are often when we see some of the more creative deals and opportunities that wouldn’t necessarily be needed in more buoyant economic climates. We are currently working on a limited offering of ownership interests via a legally constituted holding company allowing owners to enjoy full ownership rights to a branded flagship property in Punta Mita unlike any prior offering of its kind seen to date. This particular opportunity allows the owner a proportionate amount of co-ownership and use of a property that would be normally valued somewhere in the $4M ranges for less than $500K. This is not a standard ‘fractional’ offer but one that has been enhanced through innovation and opportunity.
We are also seeing the beginnings of a couple of new and major master-planned community resorts which are bringing the green approach to what might be considered a more low-key family activity environment which we feel that our customer is now looking for – without the huge overhead commitments that often come with these master-planned communities.
I would be remiss if I did not address the Swine Flu Panic – I mean Pandemic – that has somehow encompassed our beautiful country. Actually, somehow probably isn’t the correct word, nor is encompass – but of course that entirely depends on where you get your information from on a 24 hour basis! The reality is that there have been no reported cases of swine flu within 1,100 miles of the Bay of Banderas/Puerto Vallarta area. The symptoms of the cases that have been reported are apparently quite mild and of those that have succumbed to the virus in Mexico CITY we do not know anything about their prior physical condition. Compared to the death rates of other flu virus strains, it boggles the mind to understand the media hype that has been given to this situation. The appalling result is difficult to predict in economic terms, however with hotel occupancy rates hovering around 10% recently, layoffs occurring daily in the hospitality industry and airlift being curtailed drastically, the result is certainly not going to be positive. While we see this as a temporary situation economically and a non-event medically, it will have some effect on our real estate markets. Some buyers might even call it the perfect storm!
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Riviera Partners, Coldwell Banker Previews is proud to announce its exclusive representation of the majority of the available villas within the Las Palmas Club & Villas community, in the Punta Mita Resort Development. What makes Las Palmas special is its unparalleled location in the heart of Punta Mita: it’s less than a five-minute golf cart ride away from the Residents’ Beach Club, the Punta Mita Golf Clubhouse, and the stunning beachfront of the famed “Tail of the Whale” Signature Hole of the Punta Mita Pacifico Jack Nicklaus Signature golf course.
Our selection of three- or four- bedroom villas feature between 3,777 to 5,681 square feet of expansive indoor/outdoor living areas, each of which embodies the open-air lifestyle of Punta Mita. Several of the available homes border the fairways of the Pacifico Jack Nicklaus Signature golf course at the Punta Mita Golf Club, with views across to the famed “Tail of the Whale” island hole.
The homes feature a combination living/dining room that opens onto a partially covered expansive terrace, with outdoor dining area and private pool. The primary master suite offers a separate, private terrace or balcony, as well as a walk-in closet and large bath with outdoor shower and patio. Secondary bedrooms also feature walk-in closets and private bath, opening up to the main terrace. Just off the large central patio, which showcases a stunning water feature, a gourmet kitchen and laundry, as well as a guest bath and additional bedroom(s). Villas come fully wired for PBX telephone service, satellite TV and wireless Internet access, included in the monthly HOA maintenance fees.
Surely to be the center of activity at Las Palmas Club & Villas is the planned Clubhouse and Fitness Center. This community facility will ultimately feature a gymnasium, a series of swimming pools, children’s activity center, and entertainment areas. The first phase will feature a Fitness facility, for the exclusive enjoyment of owners in Las Palmas.
Ownership at Las Palmas includes membership in the private Club Punta Mita, with its Jack Nicklaus Signature golf courses, Tennis Club (managed by Four Seasons Resorts), and the private Residents’ Beach Club, as well as future planned community amenities*. Additional benefits of its Punta Mita location include high-end infrastructure, 24-hour dual gated security, and access to the resort hotels in Punta Mita for dining, with prior reservation.
Prices for the villas available in Las Palmas Club & Villas range from $1,295,000 to $2,045,000, based on location and villa model. For additional information regarding available Las Palmas Villas, or to schedule a viewing, contact your Riviera Partners Previews Sales Executive, at: sales@cbpuntamita.com
*Available with Premier Membership in Club Punta Mita
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 The St. Regis Punta Mita Resort is making available to readers of the Riviera Partners Previews Newsletter a unique opportunity to become acquainted with Punta Mita’s newest oceanfront resort through the “Taste of Luxury” package.
Opened in November 2008, the St. Regis has already surpassed guest expectations with its exclusive location, spectacular grounds, bespoke service, luxurious accommodations, exceptional spa, suburb dining and more. You are invited to discover the resort with the Taste of Luxury package, which includes the following:
- Full Breakfast for two
- St. Regis Signature Butler Service
- Access to Exercise Room
- Stay a minimum of 3 nights, and enjoy the 4th night free
Deluxe Garden View Room; available from $439 USD per night
Deluxe Ocean View Room; available from $675 USD per night
To reserve, contact the St. Regis toll free reservation number (877/787-3447) or the hotel reservations team (+52 329/291-5858), or via e-mail at punta.mita@stregis.com, requesting the rate code TASTE.
In addition, St. Regis Punta Mita is also making available a special Third Night Free offer, for a limited time.
Guests have the opportunity to book 2 nights and receive the 3rd night free in a Deluxe Ocean View category and above. Rates start at $585 USD per night, excluding 18% tax and 10% service charge. Reservations must be booked by June 30, 2009 and stays completed by August 31, 2009. For this offer daily breakfast and upgrade upon availability at time of arrival apply as well. Reserve at toll-free US: 877/787-3447, or through the hotel, (+52) 329/291-5858.
The rate includes all of the above inclusions; excludes 18% tax and 10% service charge per room, per night. The special is available upon request, and is valid for a minimum stay of three nights. Non- consumed package items are not reimbursable.
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 For anyone who has not yet had the chance to visit the recently opened Marina Riviera Nayarit, take advantage of the following schedule of activities, designed to bring people together to enjoy the nautical life…or simply the view! The Marina boasts over 350 slips, ranging in size from 31’ to 400’, with a complement of full services for every slip, plus a welcoming agenda of activities, open to the public. Enjoy the following:
Every Tuesday, at 7 pm, in the VIP Lounge – Dominos Night! 2-for-1 drinks, snacks, and dominos, in air-conditioned comfort.
Every Friday, at 8:45 pm, in the open-air amphitheater – Movie Night – Popcorn, soft drinks, beer and more…this week’s feature is “Pirates of the Carribbean”.
As well, the Marina’s open-air restaurant, Ikuai, is open daily for breakfast, lunch, and dinner, from 8am to 9:30pm. Enjoy dining with a view overlooking the yachts and sailboats in Marina Riviera Nayarit! For more information on Marina Riviera Nayarit, visit http://www.marinarivieranayarit.com, or call them at: 329/295-5526. |
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 By Jonathon Smart
May has begun with tremendous winds gracing the northern Bay of Banderas. The ocean is finally warming up and the winds have filled in allowing for more exhilarating and exciting sailing, kite surfing and windsurfing. As more people take to the water here in the Banderas Bay and beyond, so more schools of sailing, windsurfing and kite surfing are evolving. There is no excuse and there has never been a better time to get out on the warm Pacific Ocean here in Paradise.
As for windsurfing and kite surfing the Bucerias beach area is certainly one of the foremost locations with the greatest potential for consistent winds, especially during the months of April and May. Over the May 5th holiday weekend a regatta was organized on the beach by local windsurfers and kite surfers, just a block in front of the restaurant Mark´s Place. Over 60 kite surfers and windsurfers participated, making for a great weekend both for the participants and the many spectators that came to the beach to enjoy the action. As there are now so many windsurfers and kite surfers in the local area, with many more that come on the weekends from the surrounding cities, a group is now working diligently on the organization of a monthly regatta/racing circuit. This will surely facilitate strengthening this sporting community over the months and years to come. It is for participants of all levels, with the idea being to get out on the water and have fun!
Marina Riviera Nayarit at La Cruz now has an active sailing school and it is my understanding that over the coming month or two the intention is to have more planned sailing activities, so look for additional lessons and regattas becoming available very soon. For sailing lesson information at Marina Riviera Nayarit, please contact: Joaquin Bargallo 322.135.9791. On May 15th, 16th & 17th Marina Riviera Nayarit is hosting a Lassor and 420 regatta and is expecting national champions to be here competing, so should you be in the area it will be worth while stopping by the Marina Riviera Nayarit to enjoying the regattas. For more information in general on Marina Riviera Nayarit’s events and activities keep reading our monthly newsletters or alternatively contact the Harbor Master, Rafael Alcantara: harbormaster@marinarivieranayarit.com
The Surf is finally starting to shape up. While we are historically lucky here in this area in being much less effected by the summer storms that roll up this Pacific coast, the good news is that every time there is a storm out there in the Pacific along the Mexican coast we are blessed with great waves. The Punta Mita/Costa Banderas area is graced with several great surf breaks that are fast becoming known worldwide, so get out there soon before the crowds arrive! Around this immediate area we have the following surf breaks to enjoy, with all offering a combination of waves large enough to surf almost daily, especially through the summer months. Here are a few to get started: Monuments, The Cove, The Lighthouse, El Anclote, Stinky’s, La Lancha, Paradise Coves, Burro’s and several other breaks in between. There are also a couple of outer reefs that break during the summer, and having recently purchased tow-in boards and jet skis, we are ready for the summer action to begin!
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