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Welcome to our May 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 located on the beach at nahui, Playa Destiladeras. It is open Monday to Friday 10am to 5pm, Saturdays 10am to 4pm, and Sundays from 11am to 4pm. 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
Special Announcement: Riviera Partners Realty named as Official Listing Agent of Hacienda de Mita development—offering a selection of specially priced units
Riviera Partners has been selected as the exclusive Listing Agent for Hacienda de Mita, representing available developer inventory. We are proud to be the official representative of this fully finished community within the gates of Punta Mita, as it has demonstrated the strongest track record in both vacation rentals as well as re-sales at increased price points.
As part of our relationship with the Hacienda de Mita developer, we have worked to re-price a selection of brand new units, to better reflect current market conditions. These condos are at very attractive prices, starting at $750,000 for a luxury 3-bedroom residence within Punta Mita. In addition, the developer is offering either discounted pricing for cash purchases or developer financing, with payment options of 1-, 3-, and 5-year terms.
Hacienda de Mita is Punta Mita’s only beachfront condo community, and features a private Beach Club, reserved exclusively for its owners and their guests, in addition to all of the other amenities available as members of Club Punta Mita. With more than 60 units sold, Hacienda de Mita is a vibrant, established residential community. We believe our limited selection of specially-priced units will sell quickly, so we encourage you to contact us today with your interest, and not to miss this singular opportunity.
Hacienda de Mita is the latest community to select Riviera Partners as their preferred and exclusive Real Estate Agency, joining our other developments of Paradise Coves, Pontoquito, nahui and Punta Raza. To view our available properties within these select developments, visit: rivierapartnersmx.com/developments.
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Market Perspective |
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The market is showing clear indications that a rebound in underway, with more offers being made on listings. Riviera Partners currently has 5 transactions in process, with closing expected in June, in addition to the six transactions closed earlier this year. The segment of the market that remains the most active is the USD$750,000.00 to USD$2,000,000.00, while we have started to see a marked increase in new interest in properties up to USD$3,000,000.00. This further indicates that the market is strengthening in the mid- to high end.
We are continually monitoring sales activity in comparable markets, and we are excited to be seeing renewed strength in communities that offer a similar lifestyle to Punta Mita/Northern Bay of Banderas. In Los Cabos, a number of sales between late 2009 and March 2010 demonstrate a revival of activity in this leading indicator market. Three homes were sold at prices in excess of $6 million dollars by one agency we are in contact with, showing that not only is interest returning to the million-dollar-plus condo market, but to ultra-residences as well.
Hualalai, a Hawaii resort community anchored by a Four Seasons resort and with characteristics similar to Punta Mita, has seen a notable resurgence of sales activity, with over $47.9M in closed sales for the first quarter 2010.
Sales to date in our area have been concentrated on our "trophy" properties, and those representing exceptional values and priced to sell. We are already seeing fewer and fewer of these special opportunities, so we encourage you to act now to take advantage of the remaining value-priced residences available in Punta Mita and the north shore region. With the market already turning around, we believe we have now hit the bottom of the cycle, and that the best deals will be moving quickly, so contact us to ensure you don't miss an opportunity.
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Feature Property For Sale: Faro de Mita #115 |
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For anyone looking for an entry-level priced residence along the north shore, this condo in El Faro de Mita is ideal. This 2-bedroom condominium is completely furnished, offering comfortable living with great views of the Bay of Banderas and the new main street in the Village of Nuevo Coral de Risco (El Anclote / Punta de Mita). A corner unit, this condo has extra windows along the side, which provide extra natural light. In addition, this unit is unique, as it has the largest private deck in the complex, which could be fitted with a trellis and Jacuzzi. It also features marble floors inside and out, as well as an upgraded kitchen. The spacious covered terrace provides an enjoyable space for enjoying the tropical nights, with the sound of the ocean audible at just a block away. The El Faro condos surround a central pool and garden area, with a palapa-covered social area. It also has a private gated entrance to access the street below and the beaches just in front. Offering 1,750 square-feet of air-conditioned space, the 2-bedroom El Faro #115 is priced at $390,000. View it now at: El Faro #115.
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Feature Property For Sale: Four Seasons Private Villa #25 - newly reduced price! |
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Recently reduced in price from $3.8 million to $3.3 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 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 at: Four Seasons Private Villa #25.
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Hacienda de Mita PH-#8-2: Recently reduced! |
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This is a unique value within Hacienda de Mita, one of Punta Mita’s most popular residential and rental communities. This Penthouse residence is priced to sell at USD$1,550,000.00, recently reduced from $1,750,000. The beautifully designed single-level penthouse condo features approximately 3,905 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 and the Punta Mita Jack Nicklaus Golf Course. View it now at: Hacienda de Mita PH-#8-2.
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Feature Property for Rent: Palmasola |
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Riviera Partners is pleased to announce availability for rental stays in the exquisite Palmasola, an oceanfront estate residence located in the most coveted location in Punta Mita, Signature Estates, overlooking the Pacific Ocean and the famed “Tail of the Whale” signature hole of the Pacifico Jack Nicklaus Signature golf course. Consider this more than a villa rental, but a private five-star hotel stay, as Palmasola comes complete with a 16-person staff to attend to every detail of your stay.  The residence offers nine exquisitely designed bedroom suites, each individually designed and with a spacious bathroom, ample closets and private garden terraces or balconies. It comfortably accommodates up to 18 adults in more than 25,000 square feet of indoor and outdoor living space. Palmasola features a 200-yard (heated) beachfront swimming pool and Jacuzzi, private beach area with direct ocean access, and beachfront Fire Pit for intimate evenings with friends and family. Generous living areas include the Grand Palapa with casual seating, a poolside Media and Game room, a private oceanfront dining room (as well as additional dining venues onsite). Notable extras included with your stay include the use of an Escalade and Suburban (with driver) as well as two golf carts; 2 professional chefs serving a four-course dinner every night complete with wine pairings based on your preferences, Concierge, butler and waiters. This exquisite estate residence includes both full access to the Four Seasons Resort (with signing privileges), as well as to the private Club Punta Mita with its two Jack Nicklaus Signature golf courses, 8-count Tennis Club (managed by Four Seasons Resorts), and the adjacent private Residents` Beach Club.
Rental rates start at $13,000 USD per night (plus 19% tax & service charge) for stays through November 2010. For additional details on this exquisite residence, please visit: Palmasola.
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Featured Resort News: |
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St. Regis News - Unique selection of St. Regis Aficionado Travel Packages!
A selection of newly announced special St. Regis Aficionado travel packages is now available. Discriminating guests may now enjoy singular St. Regis service, bespoke accommodations together with opportunities to indulge in surfing, golfing or art workshops. Additional information is available at: www.stregisaficionado.com.
Surf’s Up at the St. Regis with Pro Surfer and Eco-Warrior James Pribram
 Enjoy St. Regis hospitality while you explore the surf around Punta Mita in this captivating event, part of the St. Regis Aficionado program. Punta Mita is recognized as being home to a collection of Mexico’s top surf breaks, and during these special dates, your guide to this adventure will be pro surfer and eco-warrior, James Pribram.
This St. Regis Aficionado package is being offered May 27 to June 1, and July 7 to 11, 2010. The event package includes roundtrip Airport transfers, luxurious accommodations with daily breakfast and butler service, a special surf room amenity, and twice-daily option to surf with James Pribram, as well as a casual dinner with event participants at Sea Breeze.
Rates start at $549 USD in a Deluxe Room Garden View, including all of the elements mentioned above, excluding 19% tax and 10% service charge per room, per night. Surfboard rental can be arranged. A minimum stay of three nights is required, and unused package items are not reimbursable. To reserve, contact the St. Regis reservations department at (toll-free) 877-250-8871 or vía email at carolina.monsalvo@stregis.com using rate code SRSSA1.
Children’s Art for a Good Cause!
Savor summer days at St. Regis, participate in creative workshops led by recognized artists, and support a local children’s school through a charitable Art Auction event. Through this special Aficionado event, The St. Regis Punta Mita Resort supports the Costa Verde International School (CVIS) in Sayulita, a privately founded school and the first to be “green” (www.colegiocostaverde.com). Children with scholarships at the CVIS are also invited to participate in the workshops. One hundred percent of proceeds from the event’s Art Auction will be donated to the CVIS to support these scholarships.
This St. Regis Aficionado package is being offered July 1-5, and July 22-26, 2010. The event package includes roundtrip Airport transfers, luxurious accommodations with daily breakfast and butler service, two art classes held by renown artists Diego & Sofia Martinez Negrete, special children’s room amenity, and a $100 USD resort credit. Also included is an evening Art Auction for the parents, including cocktails at the Cultural Center of the resort, where Diego & Sofia’s artwork is exhibited.
Rates start at $440 USD in a Deluxe Room Garden View, including all of the elements mentioned above, excluding 19% tax and 10% service charge per room, per night. Children will be accommodated in existing bedding or extra bed according to room or suite. A minimum stay of three nights is required, and unused package items are not reimbursable. Please contact the St. Regis reservations department at (toll free) number 877-250-8871 or vía email at carolina.monsalvo@stregis.com using rate code SRALA2.
The 1st St. Regis Punta Mita Resort Golf Invitational, October 21-24, 2010
From October 21 - 25, 2010, you are invited to tee up and join in an exclusive golf tournament to take place on the two signature Jack Nicklaus courses of Club Punta Mita, Bahia & Pacifico,  recognized as Riviera Nayarit’s premier golf address.
This St. Regis Aficionado package includes roundtrip Airport transfers, luxurious accommodations with daily breakfast and butler service, a Welcome cocktail reception with all participants, special golf room amenity, as well as a practice round plus two days of tournament play (including lunch boxes). Capping it all off will be an Awards ceremony with lunch buffet. The tournament days are October 22 and 23; a minimum handicap of 28 is required; tournament will be better ball - 2 players - high/low - net.
Rates start at $769 USD in a Deluxe Room Garden View, including all of the elements mentioned above; excluding 19% tax and 10% service charge per room, per night. A minimum stay of three nights is required, and unused package items are not reimbursable. To reserve, contact the St. Regis reservations department at (toll free) 877-250-8871 or vía email at carolina.monsalvo@stregis.com using rate code SRSSA3.
For additional information on The St. Regis Punta Mita Resort, visit http://www.stregis.com/puntamita .
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Community News: |
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Punta Mita Foundation Update:
The Punta de Mita Foundation has announced that its 2009 Annual Report is now available. An important principle for the Foundation has been accountability to donors and supporters and to the communities served. As this organization stated at the beginning of last year, all of their projects must follow the strategic priorities outlined by the Foundation’s Smart Growth Report, which is an in-depth analysis on the Punta de Mita region prepared by a professor of sustainable tourism development at the University of Guadalajara. With a vision of achieving sustainable development in the area, where actions taken can reduce social imbalances and the unequal relationship between wealthy and disadvantaged sectors, the Foundation focused its time and resources to fund projects under the following four main streams:
- Employment and economic development
- Education
- Health
- Environmental and Ecological Issues
Download the Foundation’s 2009 Annual Report, by clicking the link below, for a detailed explanation of the type of work done in each area. Some are projects developed directly by the Punta de Mita Foundation, while others are programs from local NPOs that the Foundation supports, not only with funding but also with oversight of the implementation to ensure accountability and adequate stewardship of the resources: http://www.puntademitafoundation.org/puntademita/news/annual-report-2009.shtml .
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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 5:15pm (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: For more information on whale watching, scuba, fishing and other tours contact Nicolas & Sebastian Melani at Punta Mita Expeditions www.puntamitaexpeditions.com / nicolas@puntamitaexpeditions.com / Sebastian@puntamitaexpeditions.com; 329-291-6649.
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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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