Previous Newsletters
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Welcome to our July edition of the Riviera Partners Realty (RPR) monthly newsletter. It is our intention through our newsletter to bring you, our fellow Punta Mita and North Shore residents, friends, families and visitors up to date with the latest market information, trends, social events, clubs, and activities in our region.
RPR Plaza Ollin/Punta Mita offices are open Monday to Friday from 9:00am to 6:00pm & Saturday from 10:00am to 2:00pm. Call us at: +52-329-291-5442 / US&CAN: 1-323-521-3353 / 1-760-298-4413 – RPR web site: www.rivierapartnersmx.com. We’re excited to be relocating our offices to the street level of Plaza Ollin in the coming month, and will share the news of our new location with you as soon as we’re settled.
Our nahui onsite sales office is located on the beach at nahui, Playa Destiladeras. It is open Monday to Friday 10am to 5pm, Saturdays 10am to 2pm, and Sundays from 10am to 2pm. Come by and visit and learn more about this exciting new development in the Costa Norte. www.rivierapartnersmx.com / www.nahuivillage.com / +52.329.291.7010
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Market Perspective |
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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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Featured Properties for Sale |
Las Palmas 21 & 22: Special pricing for customized, side-by-side Villas
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Two gorgeous residences in Las Palmas Club & Villas are being offered for sale at a discount, by one of Punta Mita’s celebrity owners. The side-by-side 4-bedroom Villas 21 and 22 were upgraded and uniquely designed for Ray Wilson and his guest. They are the only Las Palmas Villas that have the kitchen, dining area, living room, master bedroom and the exercise and jet massage pool on the upper level, which offers a constant ocean breeze in the main living areas, as well as a tremendous views of palm trees, golf course and the ocean in the background. Included in Villa 21 is one of the best-equipped gyms in Mexico or the U.S.. Ray Wilson is the designer of the world famous Lifecycle exercise bike and the founder of Family Fitness Centers (later merged into 24 Hours Fitness). Mr. Wilson is considered a pioneer of the fitness center industry. Although Mr. Wilson intended to spend the main part of his later years in Punta Mita, now—at almost age 83 and due to some recent medical problems—he needs to live in his home in California to be nearer to his doctors. Mr. Wilson is offering his Villas at a discount, either purchased together or separately. He is willing to take 20% down and finance the remainder over ten years at 8% per annum interest. The price for Villa 22 is $1,095.000 and Villa 21 is $1,395,000. If purchased together, a $50,000 discount will apply. Explore these Villas now at: Villa 21 & Villa 22.
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Encanto Condo #301
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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 level location, offering direct golf course 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 is priced at $1,250,000. View it now at: El Encanto Condo 301.
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Four Seasons Private Villa #11 – newly reduced price!
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Recently reduced in price to $3 million, 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 two-level, four-bedroom design, this villa radiates Four Seasons quality and detailing, with over 6,475 SF 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 a: Four Seasons Private Villa #11.
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La Punta #19
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Located on the point of Punta Mita, La Punta has evolved into one of the great estate home communities in Mexico, known for unparalleled views that combine the best of ocean vistas with Jack Nicklaus Signature golf. All home sites sold rapidly upon their initial release, and few come back to the market. La Punta #19 is one of the finest in this community, located right on the point with a commanding view directly across to the Marietas Islands. The direct oceanfront lot is over 55,700 SF in size, and also is unique in that both neighboring homes have already been constructed. This allows you to design your estate residence taking this into consideration to maximize views and lot usage. Offered at $5,000,000 USD, La Punta #19 provides a singular opportunity for constructing your dream resort home. View it now at: La Punta #19.
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Guest Column: Staging your Home to Maximize your Selling Price |
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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, click here or email.
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Feature Rental News |
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Riviera Partners Realty offers an elite selection of rental properties ranging from 2-BR condominiums to 8-BR oceanfront estate homes. Rather than acquire a large inventory of rental options, we have carefully selected our collection of vacation residences, designed to meet the requirements of our discriminating clientele. A rental home or estate is the ideal way to accommodate a family retreat or getaway with friends, yet often, it is hard to evaluate a space in a limited selection of photos. We welcome your call to discuss your vacation rental “wish list” – then, match up the perfect place for it. Our highly personalized service starts with your phone call, and doesn’t end until you’ve returned home from your Punta Mita vacation. Currently, we have a few very special Summer Hot Deals, and still show limited availability for Holiday 2010. We invite you to call us today! 329.291.5442; rentals@RivieraPartnersMx.com.
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Featured Resort News: St. Regis Weekly Events; Spa Specials |
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It will soon be considered a tradition – The St. Regis Punta Mita Resort and weekly get-togethers are becoming “the” place to be in Punta Mita! Savvy owners are making this a part of their time in Punta Mita, joining in with other residents and making new friends.
Each week, St. Regis offers the following opportunities to revel in the oceanfront atmosphere of the Sea Breeze Bar and Restaurant.
- Latin Night: Live Latin music playing at Sea Breeze every Thursday night, with a ceviche platter tasting, featuring the freshest catches and flavors of the sea.
- Cuban Night: Each Friday, enjoy live Cuban music for dancing, along with a selection of flavorful mojitos and Cuban-style tapas.
- Steak, Wine and Jazz: Sea Breeze is the setting each Saturday evening for enjoying laid-back live jazz music, and a fix menu consisting of soup or salad, selected Black Angus cuts, and a glass of fine wine
And during the day, escape the summer heat, while you treat yourself to a pampering spa treatment at the St Regis Remède Spa. During the month of August, services will be discounted as follows:
- 25% discount on facials
- 30% discount on massages
During September, their signature “Mexican Hot Obsidian Massage” will be offered at a 30% discount.
*(Discounts do not combine with Residents’ discount)
For additional information, or to make reservations for the above activities, please contact The St. Regis Punta Mita Resort at tel.: (329) 291-5800, 5844, or visit stregis.com/puntamita.
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Community News: |
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Summer Fun as Stand Up Paddle Surfing Popularity Grows!
"Stand Up Paddle Surfing" (SUP) has risen from its ancient Peruvian past as the 21st centuries' ultimate lifestyle activity. The days of stationary bikes in sweaty gyms is a thing of the past, and Paddle Surfing is here to stay! Why not? It’s a healthy core workout that gets your heart pumping and body flexing like a yoga workout minus the full-length wall mirror. You are out in nature with the dolphins and sea turtles, standing up looking down into the depths of the ocean, and the wonderful thing is - pretty much anybody can do it!
Paddle Surfing has now arrived to Mexico – and, to Punta Mita, which offers ideal conditions for year-round enjoyment of this exploding sport. Pacific Paddle Surf offers lessons on flat water, in the surf, fitness paddles, and pleasure cruises. As well, it has the top-of-the-line "Starboard" Stand Up Paddle Boards to demo, rent, or purchase along with everything else you need to get started. For more information, contact them at: (322) 123-3034, and check out their new Paddle Surf Blog. The Punta Mita Surf Club is also arranging periodic Paddle Surf excursions, so if you’d like to be on the list for upcoming trips, contact Jonathon Smart.
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Active Pursuits |
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 Punta Mita Surf Club: We are meeting every Friday at 6:00pm at Plaza Ollin (Boca Deli) for our Punta Mita Surf Club. We then head over to the Residents’ Beach Club in Punta Mita to meet a panga that departs at 6:15pm (weather and waves permitting), and head out together to the best break for that day (there is no cost for the panga/surf adventure except to cooperate with a tip for our captain). Should the waves be too large at the Punta Mita Beach Club we will meet the panga in the village to facilitate our departure and arrival. Come join us one of these Fridays, no matter if you are a beginner (we do not currently have an instructor), intermediate, or advanced surfer. Our idea is to share in another spectacular sunset surf session and meet more people in our community that share the same passion for catching a few waves! For more information contact us directly: Office: 329.291.5442 / Cell: 322.105.0243 / Jonathon@rivierapartnersmx.com or wally@rivierapartnersmx.com.
Punta Mita Sailing Club: For those that would like to try their hand at entering a regatta and crewing on a boat please let me know and I will send you this year’s Regatta schedule. For more information contact me directly: 329.291.5442 / 322.105.0243 / Jonathon@rivierapartnersmx.com.
Punta Mita Tennis: Monday evenings at 4:30pm, Punta Mita residents and friends can enjoy an hour of fun play and tips from our resident pro Alex.
Tuesday evenings from 7:00 to 9:00pm offers another opportunity to enjoy fun games of singles and doubles with fellow tennis players. These Tuesday evenings are great fun and offer another opportunity to meet and get to know other tennis players in our local community, all ability levels are welcome!
 Punta Mita Expeditions: According to Sebastian, our friend and adventure guide extraordinaire, the highlight of this month so far is fishing mahi-mahis right outside of Punta Mita on light tackle, with live bait. From small kids up to the older members of the families, he says everyone is having a great time. As well, yellow-fin tunas have been running very solid 40 miles out for those who would prefer to have a more complete deep-sea fishing adventure.
For divers and snorkelers, the warmer water is very clear at the Marietas Islands, with many sightings of green sea turtles and spotted eagle rays near to the reefs. Sebastian tells us this is the best time of year to try out scuba diving, if you haven’t done so before, due to the preferable conditions of climate and clarity. And, coming soon, Punta Mita Expeditions will be hosting spearfishing clinics at the Punta Mita Residents’ beach Club, so stay tuned!
For more information on scuba diving, fishing and other tours contact Nicolas & Sebastian Melani at Punta Mita Expeditions www.puntamitaexpeditions.com / nicolas@puntamitaexpeditions.com / Sebastian@puntamitaexpeditions.com; 329-291-6649. Visit their new location just below the El Faro condominiums.
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Plaza Ollin |
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Plaza Ollin is located on Ave. de las Redes approximately just 100 meters from the second entrance (Village entrance) into the Punta Mita community, on the main street accessing the beach front restaurants and beach areas.
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