|
 |
|
Welcome to our monthly newsletter, Reiviera Partners Realty, 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.
Please note—we’ve changed our website address! As part of our new name, Riviera Partners Realty, we have redirected our website to our new internet address, www.RivieraPartnersMx.com. 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 both our website, as well as our offices in Plaza Ollin.
|
|
|
|
|
 |
|
 Current Market Overview by Brock Squire
If last month was the beginning of the perfect storm, this month was the verification of it! The global economy, the start of the low season and the dreaded Swine Flu – who could have ever predicted this magical combination! If you’re property buyer, that is. The short term impact on tourism has been devastating – cruise ship-port cancellations until at least June 22, many large local hotels shut down, others at barely above 8% occupancy levels and tremendous local unemployment. Certainly all of this is temporary in nature but it does present a very unusual buying opportunity – perceived and real.
Over the past 30 days in Punta Mita we have seen three transactions take place in the Las Palmas Villas at very aggressive price levels considering last years’ prices. We are also seeing similar unique, discounted buying opportunities in most other communities in Punta Mita. At the same time, we have not seen quite the same percentage decrease in values for the Four Seasons Private Villas. Based upon current negotiations we are seeing those price points off 10 to 15% from their peak levels. One interesting note about the FSPV’s currently on the market – which I suppose indicates the strength of the selling group – is the availability of seller financing being offered in several of the properties listed for sale.
With some 35 different properties on our books comprising close to $100M in current resale inventory in a range of communities, we expect that selected discounting will likely take place until we see that current inventory worked down by about 20% to 25% - which is roughly the same drop in price levels we are generally seeing year over year. This is not to say that all sellers are willing to accept these reduced rates, however there are several that will, and more – which is of course where the real opportunities are found.
In the local PV market there has been a fair increase in activity and properties put under contract over the past 30 days as well. Price reductions – in selected areas - have also been in the 20% to 25% range, with average price points much lower.
The difference in the two markets seems to be that the Punta Mita property purchase is either investment and /or discretionary, where the Puerto Vallarta property purchase seems to be more a life-plan purchase – as in retirement property being purchased by boomers and zoomers.
One interesting common thread between the two markets is the resurgence of financing. Whereas up until quite recently financing comprised only about 10% of the market, we are now seeing that percentage move significantly up to about 30 to 35% of the market. Rates being offered are everywhere from .5% over prime up to 10% to 12% per annum, depending on the loan. This is not surprising given the inability for buyers to lever themselves with the once ubiquitous home equity loan! We are currently working with several lenders who have been performing very well for our customers to date.
How long will this phenomena last? I expect that it will certainly last well through this Summer - which has traditionally been the bargain hunter’s season over the years. Once we see the number of transactions begin to trend up in sympathy with overall volume, we will start to see the beginning of price recovery. Until that time begins to occur, can you hear the knocking? ITS OPPORTUNITY!!
|
|
|
|
|
|
|
|
|
 |
|
| |
|
Riviera Partners Realty, is proud to announce its exclusive representation of Four Seasons Private Villa, #14, located within the Punta Mita Resort Development. What makes Four Seasons Private Villa #14 special are its majestic views of the Pacific Ocean and Marietas Islands, as well as its full access to the services and amenities of the neighboring Four Seasons Resort.
Distinguished by a private infinity edge plunge pool, spacious covered terraces and patio areas, gourmet kitchen and an inviting design, Villa #14 radiates Four Seasons quality and detailing. Situated on a coveted hillside setting, Villa 14 is a single-level Verano-model Four Seasons Villa with four bedrooms and 4.5 bathrooms. Fully furnished in finest quality classic Mexican decor, Villa 14 features a private entry with hand-carved antique Mexican wooden doors into atrium, complimented by a striking water feature and firepit. The spacious living and dining rooms open up to the covered terrace, with pocket doors that fully retract into the wall, providing the sense of open-air living at its finest.
The ocean view Living Terrace has a full wet bar with under-sink, outdoor Viking grill, and infinity-edge heated plunge pool with Venetian tile.
Both the oversized Master Suite as well as the Secondary Master bedroom offer integrated sitting areas, spacious and elegantly appointed bathroom, walk-in closets and ocean views. The Master Suite also features an outdoor shower, and a Jacuzzi on its terrace.
Notable details include the high ceilings—including the two-story living area, fine flooring handmade from stone with fossilized shell or marble detailing, custom designed lighting, red cedar hardwood doors and window frames, Rocky Mountain door hardware, service quarters and bath, and 24-hour community security.
Ownership in FSPV#14 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 include full access to the neighboring Four Seasons Resort, including the Apuane Spa and Fitness Center, pool areas, Kids for All Seasons activities, and Four Seasons restaurants, bars and in-room dining. A five-minute stroll or short shuttle ride from Four Seasons Resort Punta Mita, Villa #14 provides owners convenient access to the resort and all its amenities.
Comprised of various enclaves that “stair step” down a hillside, the Four Seasons Private Villas community in Punta Mita occupies a lushly landscaped setting specifically selected to take advantage of the nearly panoramic views of the peninsula and the Pacific Ocean.
Price for this residence is $3,950,000 USD. For additional information, or to schedule a viewing, or for additional information about other available resale Four Seasons Private Villas, contact Riviera Partners Realty at: sales@rivierapartnersmx.com
*Available with Premier Membership in Club Punta Mita
|
|
| |
|
| |
 |
|
| |
 Riviera Partners Realty is pleased to announce availability for rental stays in Zen Casita X-6 in Porta Fortuna, Punta Mita’s newest residential community and home to the Playa Fortuna Beach Club and Sufi restaurant. Porta Fortuna is located near the St. Regis Resort and Club Punta Mita Golf Clubhouse. Views from the Porta Fortuna homes look across Banderas Bay to Puerto Vallarta, and across the Punta Mita peninsula to the Marietas Islands. Porta Fortuna is one of the foremost developments within Punta Mita.
This 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 has a private plunge pool, grill and dramatic golf and ocean views. Other notable features of this home are its large kitchen and Zen patio with a cascading water wall.
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.
The unique architecture, comfortable design and chic furnishings of this townhome make it ideal for those wanting to explore Punta Mita’s real estate opportunities, or for taking a break from the routine to spend some time in Paradise! Rental rates are $900 USD per night, for summer, $1,100 USD per night during winter, and $1,400 USD per night for 2009 Holiday season. For additional details, or to reserve, please contact Nancy Bravo, at:: nancy@rivierapartnersmx.com
|
|
| |
 |
|
| |
 Four Seasons Resort Punta Mita is making available to readers of the Riviera Partners Realty Newsletter a special travel package that makes it easier than ever for an extended family to enjoy Punta Mita’s acclaimed resort.
The “Kids & Couples Family” package offers an unbeatable combination of a value-priced stay with special amenities designed to keep kids entertained—as well as provide an opportunity for couples to reconnect.
- 50% discount on your second room for children, with the first room paid at published rates
- Complimentary meals for children age 12 and under from the Four Season’s Kid’s menu
- Four hours of nanny service one night during the stay
- 10% discount on Vallarta Adventures tours
- Complimentary Kids for All Seasons program for children under five
- Unlimited non-motorized water sports
The “Family” package is available with a minimum three-night stay, with the second room booked in the same room category and arrival date, and is subject to availability and certain restrictions. Taxes, service charges and gratuities are additional. The promotion is valid through December 20, 2009, with certain blackout dates. For complete details and reservations, contact your travel professional, visit fourseasons.com/puntamita, or call the resort directly at: 1 (866) 280-9490, or (+52) 329/291-6000. |
|
| |
 |
|
| |
 Ayia Punta Mita, a luxury boutique condonimium community located in the heart of Punta Mita www.ayiapuntamita.com is currently featuring a "Come To Punta Mita, Mexico" special rate of just $250 USD per night per unit, including taxes, for a stay in "best available unit" at time of booking, through October 31, 2009. This is discounted from Ayia’s normal rates of $350-$550 USD per night, depending upon unit location and view. To reserve this special, contact: rentals@rivierapartnersmx.com
Each of Ayia's luxury 2-BR, 2 1/2 bath condos features three expansive terraces or balcony, separate living room, dining room and open gourmet kitchen. Ayia is located within the gates of the private, gated, Punta Mita development. Guests enjoy access to the Punta Mita Golf Club, with its Jack Nicklaus Signature golf courses, and Residents' Beach Club. Pre-arrival Concierge services are also available, to pre-stock your refrigerator, or make any dining or activities reservations you would desire.
In addition to this spectacular rental offer, Ayia has one select Developer condominium now being offered for sale at a incentive /preferred price, offered only through June 30. With Ayia at the entry-level price-point within the gates of Punta Mita resort, this is a unique opportunity for anyone interested in investing in resort real estate in this landmark community. Contact us immediately if you have an interest in learning more. sales@rivierapartnersmx.com
|
|
| |
 |
|
| |
 Marina Riviera Nayarit News
Take advantage of the following entertaining and fun-filled activities offered by Marina Riviera Nayarit in La Cruz, designed to bring people together to enjoy the nautical life…or simply the view! Activities are open to the public.
The first Marina Riviera Nayarit Junior Fishing Tournament is set for Sunday, May 31st, from 8am to 12 noon. Organized to promote sport fishing among children, the tournament offers two categories: 3 to 6 years of age, and 7 to 12 years. With free admission, the event has been organized by the Bahia de Banderas Fishing Club and Marina Riviera Nayarit to benefit the Children of La Cruz de Huanacaxtle. Over 300 children are expected to enter the competition, accompanied by their parents, in a fun, action-packed day—and a great way to enjoy family time together!
Every Tuesday, at 7 pm, in the Etupa VIP Lounge – Dominos Night! 2-for-1 drinks, snacks, and dominos, in air-conditioned comfort.
Every Friday, at 8:45 pm, in the Xiriki open-air amphitheater – Movie Night – Popcorn, soft drinks, beer and more…this week’s feature is “Cinema Paradiso”.
During the month of June, the Marina will be hosting a wine tasting event, with a selection of internationally acclaimed wines, as well as pairings with selected menus. Check with the Marina for additional information of dates and details.
The Marina boasts over 350 slips, ranging in size from 31’ to 400’, with a complement of full services for every slip. As well, the Marina’s open-air restaurant, Ikuai, is open daily for breakfast, lunch, and dinner, from 8am to 9:30pm, and is open to the public. For more information on Marina Riviera Nayarit, visit www.marinarivieranayarit.com, or call them at: 329/295-5526.
Plaza Ollin Update!
Plaza Ollin, our villages’ newest and most architecturally pleasing commercial plaza is now fully open for business. It is located on Ave. de las Redes approximately just 100 meters from the second entrance into the Punta Mita community on the main street accessing the beach front. On the ground level (street level) we are pleased to announce that Mar de Sueños, offering La Perla, Eres and more, along with The Linen Club’s two boutiques, each offering high end linens and items for the home have been joined by the newly opened Boca Deli. The Boca deli will be open for breakfast and lunch throughout June and onwards through the coming summer months and will add a full menu beginning soon including, but not limited to paninis, sandwiches, salads, breakfasts and more. Currently, Boca Deli offers a delicious daily menu, served from 1pm until the food runs out, at just $80 pesos per person! Stop by the Plaza Ollin next time you are passing; one can now relax and enjoy the delicious food, and fresh juices made daily, and soon a variety of the finest Italian wines. Then when you are ready you can visit our high-end boutiques and take care of your shopping desires. A visit to the Plaza Ollin would not be complete without stopping by and visiting the Riviera Partners and their professional team for the most comprehensive, experienced and knowledgeable update on what is happening in the real estate market both within Punta Mita, throughout the northern Bay of Banderas and beyond to the north.
|
|
| |
 |
|
| |
 By Jonathon Smart
May of this year has been simply amazing and has offered sails full of wind on an almost daily basis, with the ocean warming and the thermal winds remaining strong through the end of the month. For sailors, windsurfers and kite surfers the northern Bay of Banderas has once again proven to uphold its honorable title as the ocean- (and wind-) lover’s Mecca! As we head through the month of June the wind historically begins to subside and become somewhat more unreliable (for those of us looking for 15mph wind!), at least on a daily basis. The wind changes direction and becomes more “hit-and-miss” than during the earlier months of the year, although there is still amazing sailing and some good windsurfing to be enjoyed throughout the coming summer months. Heading into the summer many kite surfers choose to pack away their gear until the more consistent winter winds return, although for those that have the time and desire, and who are able to move around the bay as the wind shifts one can still get out on the water from time to time.
June brings with it the start of the summer fishing season, and to start this season for the younger fishermen & families out there La Cruz Marina has an event planned to kick off the 2009 season (see Community section in this newsletter). Sardine runs tempting offshore and deep water marine life into the bay and up along the northern coast become more frequent. At this time of the year one can expect to be catching fish anywhere between 30 to 70 lbs. As one of the largest food sources in the tropical waters of the Pacific, sardines are followed by predatory game fish, gregarious pods of offshore dolphins, elusive Bryde whales, and more. One can bring home dinner from an inshore fishing excursion, enjoy marine life encounters on a relaxing sail of the bay, or a take a more romantic sunset sail. For the more adventurous, a marine snorkel safari may be more for your taste, which also offers a look at our local colorful reefs and nesting blue-footed boobies. For more information on ocean adventures such as the aforementioned contact Sebastian Melani: info@puntamitaexpeditions.com
For the surfers amongst us the summer swells will soon be here and where better to enjoy the waves as they arrive than at one of the various breaks that we have here around the northern bay, Punta de Mita, north to Sayulita and beyond. Summer surf tips will be featured in our upcoming July newsletter…
|
|
|
Plaza Ollin – 
Riviera Partners Realty
Mar de Sueños – 
The Linen Club – 
Boca Deli –