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Welcome to our June 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
Our nahui onsite sales office is located on the beach at nahui, Playa Destiladeras. It is open Monday to Friday 10am to 5pm, Saturdays 10:00am to 2:00pm, and Sundays from 10:00am to 2:00pm. 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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June has always been a slower month (shoulder month) for visitors here in the Punta Mita area but we are expecting more activity as we head into the summer vacation season. With regard to real estate transactions, June for us has been a positive beginning to the summer months ahead, as we have several transactions in escrow with closings happening through the end of this month, as well as additional closings scheduled in July and August.
We are feeling the market strengthening, as evidenced by three of our most recent transactions – single family home sites within Punta Mita and a development parcel in the North Shore – indicating that the prospective purchaser is willing to start venturing outside of the finished product limitation.
New construction within Punta Mita is another signal that more confidence is beginning to return to our market, and is another indicator for us that the market is gaining momentum and confidence, albeit slowly.
We are clearly seeing that Canadian and Mexican buyers are more active, with U.S. investors still remaining on the sidelines for now. The strength of both of these economies is underlying the increase in interest and activity, coupled with the unique attractions this area holds for these markets.
In Canada, the economic recovery has fully taken hold, with first quarter 2010 GDP growth leading all G-7 countries at a rate of 6.1 percent. This is also the strongest increase in over ten years, and contributed to the increase in employment, erasing almost a third of the job losses experienced during the downturn, which bottomed in August 2009. Canada’s stable housing market and more conservative financial institutions contributed to the more rapid recovery, which also benefited from a strengthening in demand for some of Canada’s key commodities.
Canadians have traditionally been buyers in the Puerto Vallarta and Punta Mita markets, as they look for a winter beach escape—and air access here is readily available from key points in Canada. The exceptional prices available now are motivating buyers who hesitated when real estate prices were at historic highs. The recent price adjustment in many desirable properties is providing a terrific buying opportunity, and our Canadian buyers are taking advantage of these opportunities.
In Mexico, where GDP is expected to grow at close to 5% this year, the relative absence of financing helped protect home prices—especially in resort areas—from experiencing the same sort of free-fall price declines as were seen in Florida and other areas. As the Mexico economy recovers, the emerging middle class here has created a whole new market of resort homebuyers. In our area, interest is especially strong from the Guadalajara market—which is less than a 3-hour drive away, as well as from Mexico City and Monterrey. In addition to offering a resort home for enjoying holidays and weekends, the Mexican buyer also sees these as value-based investment properties, especially those on the beaches.
We are very sympathetic to the crisis of the oil spill in the Gulf of Mexico and the surrounding areas, and share in the frustrations of many over this ecological disaster. However, being realistic, we do believe that as oil comes ashore on the beaches of Florida, attention will turn to Mexico’s beaches, especially those in Pacific Mexico, as an alternative for both beach vacations and resort home ownership. Where clean beaches were once assumed as a “given”, more attention will be paid to policies and practices that could impact their continued health over time. Mexico has an active certification process to monitor and track the cleanliness of its beaches and waters, and there are no offshore drilling facilities which could impact the beaches in our area – which is another benefit of property ownership here.
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Featured Properties for Sale |
Hacienda de Mita PH-#7-2: Special upgraded unit!
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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: Hacienda de Mita PH 7-2.
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La Escollera - Village Development Parcel
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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: La Escollera.
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Lagos del Mar homesite #18
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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: Lagos del Mar homesite #18 .
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Las Palmas Villa #10
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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. View it now at: Las Palmas Villa #10.
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Las Palmas Villa #23: Upgraded villa, priced to sell
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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: Las Palmas Villa #23.
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Featured properties for rent |
Las Palmas Villas #2 and #14 – Summer Special!
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Book now, and enjoy a Summer Rental Special offer at the acclaimed community of Las Palmas Club & Villas Punta Mita, in two signature residences, Villa 2 (Villa Amor) and Villa 14. Riviera Partners Realty is offering a special discounted rate in these 3-bedroom private villas (offer valid through October 31, 2010). Las Palmas is located in the heart of the Punta Mita resort community, just a 5-minute golf cart ride away from the Residents’ Beach Club or Punta Mita Golf Club.  Just a short walk from either Villa 2 or Villa 14 and one arrives at two of Punta Mita’s most spectacular Pacific Ocean sandy beaches.
These three-bedroom villas feature over 3,800 square feet of expansive indoor/outdoor living areas, and embody the open-air lifestyle of Punta Mita. Both border the fourth fairway 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 single level, 3-bedroom, 3-bath 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, 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 third bedroom. Included is satellite TV and wireless Internet access.
These homes are ideal for those wanting to explore Punta Mita’s real estate opportunities, or for those wishing to visit Paradise for a well-deserved summer vacation. For additional details, or to reserve, please contact Nancy Bravo. To view these special rental residences, visit Las Palmas 2 and Las Palmas 14.
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Porta Fortuna Zen Casitas X3 and X4: Summer Special!
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Riviera Partners is pleased to announce special summer discounts for rental stays in the X3 and X4 Zen Casitas in the Punta Mita community of Porta Fortuna. 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.
The stylish, two-story Zen Casitas feature 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. Terraces feature a private plunge pool, grill and dramatic golf and ocean views. Other notable features of these homes are the large kitchens and Zen patio with a cascading water wall. The Master Suite and second bedroom are located on the upper level, both with direct access to an open sun- or stargazing terrace with Jacuzzi, while a third bedroom is located on the main level.
The unique architecture, comfortable design and chic furnishings of these townhomes make them 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! If you’re planning a visit to Punta Mita this summer, be sure to contact us to ask about this Summer Special! For additional details, please visit Zen Casita X3 and Zen Casita X4.
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Featured Resort News: Summer Sizzles at Four Seasons Punta Mita! |
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World Cup Soccer Mania!
Four Seasons invites Punta Mita residents to join in the spectator action for the 2010 FIFA World Cup with the following promotions, available to homeowners from June 11 through July 11, 2010.
- Two-for-one breakfast at Tail of the Whale
- Two-for-one drinks at Tail of the Whale for lunch only
- Private Cabanas at the Tamai Pool available for rental by residents for a daily rate of USD $120
- This special rate includes complimentary breakfast for two or lunch for two (lunch consists of two paninis and four national beers)
Sunset Cocktail Series!
Looking for a refreshing way to celebrate summer while taking in the famous Punta Mita sunsets? Enjoy a selection from the eclectic cocktail menu at Bahia Bar on Las Cuevas Beach, or take the recommendation of one of their skilled bartenders, such as the crowd-pleasing Lychee Martini mixed with Ketel One vodka and fresh juice. Or, you can’t go wrong with a Bahia Classic such as the Cactus Paddle Margarita. Finally, guests can show their patriotic spirit with the Mexican Beer of the Month, Estrella.
Visitor Season
‘Tis the season for summer travel. If you have a home full of houseguests, why not invite your friends and family to experience Punta Mita with Four Seasons’ Resort Credit promotion. The credit offers up to USD $1,200 in resort credit for a three-night stay. That’s some serious extra play money to experience what’s new, such as the Bahia golf course and the new Aramara restaurant concept featuring contemporary Asian cuisine and a chic new design. For more information, please visit the resort’s web site at fourseasons.com/puntamita.
One-stop Shopping at The Boutiques at Punta Mita
Shop till you drop without ever leaving the gates? One stop leads to four exclusive boutiques at the Four Seasons Resort. Skip that drive to Puerto Vallarta and use the extra time to enjoy a leisurely lunch at Ketsi by Richard Sandoval. Nawi, skin in the Huichol Indian dialect, carries luxury goods and jewelry from well-known Mexican designers, and also offers beautiful coffee table books. Neyao, Nakawe and Nomuchi, meaning man, woman and child respectively in Huichol, carry clothing for their namesakes.
For more information or resort reservations, visit fourseasons.com/puntamita.
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Community News: |
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It seems the planet has caught World Cup fever, and Punta Mita is no exception! Start your day off watching the live play of World Cup Soccer – South Africa 2010, at Plaza Ollin’s Boca Deli. Boca Deli has installed 4 televisions especially for the World Cup so enjoy the festivities in the area’s liveliest local café, with both indoor (A/C) and outdoor seating available. Boca Deli is featuring a daily-changing selection of breakfast specials during game time, as well as a menu of game-time snacks. Can you say “gooooooaaaaalll”?
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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: The sailing season is upon us, so let me know should you have any interest in joining us for a sail from time to time. 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!
 Fishing: Our friends at Punta Mita Expeditions tell us that Tunas are back in the area, about 40 miles offshore from the point, so big game fishing is on! They also tell us that there is great spear-fishing on the reef. June is the last month of cold water inshore with big pargos and amberjacks.
In addition to great fishing conditions, this is an ideal time for PADI Certifications. Summer diving conditions are few weeks away, with warm, clear water, making it the perfect time to get certified and enjoy the summer diving as a certified diver. Enjoy less crowded dive sites, as well as tropical night dives.
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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