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Welcome to our monthly newsletter, designed to keep our clients and friends informed of news in the Punta Mita, Costa Banderas, and the general Northern Bay of Banderas region. Our objective is for this monthly 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 share our newsletter with your friends, family and colleagues.
Riviera Partners Realty (RPR): We have been working diligently through the summer months to expand our professional and comprehensive services within our growing company. Our website is now front and center on all of the major search engines which has been helping us to drive more traffic to our evolving internet presence. We are also expanding our professional services to offer a limited portfolio of high-end rental properties for our friends, neighbors, clients and future prospective clients. We will be adding our new rentals section to our current web site within the first 15 days of October and we are also just completed a redesign of our branding look and logo. We are here and available daily to assist with your real estate needs, should you wish to list, purchase, rent or get general or specific up to date market information.
The Riviera Partners Realty “Punta Mita Architectural Tours” are soon to become a reality, and are certain to be a popular activity, as several of our Punta Mita residences have been featured in Architectural Digest both here in Mexico and in the U.S. (this month of October, Casa El Destino is featured). We will begin giving these newly conceived “Punta Mita Architectural Tours” to our first group at the end of October 2009. We have within Punta Mita and the Costa Banderas area some of the most spectacular homes ever built within coastal Mexico so we feel that it is time that we let everyone know what amazing architects and builders we have available locally. For more information on our new “Punta Mita Architectural Tours” please contact us. Our offices are open in the Plaza Ollin 10:00 am to 6:00pm Monday to Friday, & Saturday 10:00 am to 2:00 pm – call us at: (+52)329-291-5442 / US&CAN: 1.323-521-3353 / 1-760-298-4413 – RPR web site: www.rivierapartnersmx.com
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 Market Perspective: by Jonathon Smart
Having just closed another property during the last week of September, and having received several new offers on listed properties as we prepare this newsletter, we are feeling a definite change and positively upward swing as we head into October. September and October have historically been known as two of the slowest months of the year for real estate activity, however it seems with the slight upturn and positive news in the financial markets that some level of confidence is beginning to return to the market at large. For us locally, the new offers and increased interest by new and existing prospective clientele gives us the perception that this coming high season may not be as challenging as we had thought 60 days ago.
While the economy and general confidence has a fair way to go before we see any major changes we are feeling on a local level that our market has certainly “bottomed out”. While we are unsure how long it will stay where it is currently, we are feeling a more proactive approach by those who have been waiting and watching our market over the past 6 to 18 months. We are seeing this new activity fueled by the Mexicans and Canadians who continue traveling to this area despite the news and rumors about Mexico that we are all bombarded with these days. The majority of the tours and inquiries that we are seeing continue to focus on properties that are offered at great values –thus, enticing the prospective client to make a purchase decision. The facts are that at this time within Punta Mita and throughout our entire area one can purchase in some developments at price points of 3 to 5 years ago, when we were selling the same properties at pre-construction price points. Inevitably this will not last but now and potentially through the coming months this will continue to be true.
The main topic of conversation with the clientele is related to the value proposition available with different properties and why some are perceived as a better purchase than others. The phrase of the year thus far has been “what are the deals out there today” and “just show me/us the best opportunities available”. We feel that this trend will continue through the beginning of the winter-spring season until such time as many or all of these opportunities are taken from the inventory that is currently available. Buyers today have many options when it comes to purchasing real estate, both here and in other locations and destinations. This is a great time for a prospective purchaser who did not get derailed in the craziness of the high markets to have a good opportunity to purchase an amazing property at a reduced value and price. It is the time to come down and look at these real estate opportunities while so many are dormantor sitting on the sidelines – the opportunities are here, they are real, and the only question is “how long will they last”?
We are quietly confident that 2010 will likely be more active than we had previously anticipated. Time will tell, however the good news for us all here in Punta Mita and the general Puerto Vallarta area is that the high season is fast approaching and any way one looks at it, this is Paradise and we have more to offer for less relatively speaking than our competitive markets out there. Tell your friends that Punta Mita and the Bay of Banderas continues to be Paradise!
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 Feature Properties for Sale:
There has never been a better time to purchase real estate in Punta Mita and the northern Bay of Banderas!
Among our extensive boutique inventory of select properties, we feel the following offer exceptional values. We invite you to review the highlights of properties below, and should you have an interest, please contact us for additional details.
Villa Amanecer, is a stunning oceanfront, 6-bedroom residence located in the Pontoquito community in Costa Banderas. What makes Villa Amanecer special are its spectacular vistas to the south west, including the Punta de Mita shoreline, Marietas Islands and the south of Banderas Bay. As well, with its oceanfront location, size and quality of construction and detailing, Villa Amanecer offers an unparalleled value in a coastal residence.
Built by Juan Pablo Stone and designed by Ruben Flores, the villa incorporates the design details that emphasize the indoor-outdoor lifestyle of Pacific Coastal Mexico, maximizing the ocean views throughout the residence. Five of the six bedrooms feature ocean views, and the pool, Jacuzzi and adjacent palapa seating area offer a dramatic seaside setting. With rooms surrounding a central courtyard patio with fountain, Villa Amanecer has over 19,000 square feet of construction, with over 8,000 square feet of air-conditioned living space. The finishing details are all of the finest quality and include marble floors, an Italian gourmet kitchen with top-line appliances, Intelligent surround-sound system and more. Villa Amanecer is one of Riviera Properties newest listings, and is offered for sale at $3,750,000. View it now here.
Faro de Mita #215– 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 well appointed and 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 to the Master bedroom suite. A 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 1,741 square-feet of air-conditioned space, the 2-bedroom El Faro #215 is priced at $350,000. View it now here.
Additional special opportunities are available in the Punta Mita, Punta de Mita, Los
Veneros and other beach front Costa Banderas communities. For additional details on either of these special opportunities, or to schedule a viewing, contact Riviera Partners Realty Punta Mita at: sales@rivierapartnersmx.com
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Feature Properties for Rent:
Ayia Punta Mita plus other selected properties are available through Riviera Partners Realty here in Plaza Ollin, Punta Mita.
Book now, and enjoy exceptional value in renting a Punta Mita property at Ayia Punta Mita, with their limited-time “Come to Punta Mita, Mexico” special. Book now, and pay just $350 USD per night, including taxes and service charge, for a stay in the best available unit at time of booking, in one of Ayia’s luxury 2-bedroom condominiums, accommodating up to four adult guests. Recently opened, Ayia Punta Mita is located within the gates of the Punta Mita resort community.
Uniting a spectacular resort setting with lifestyle enriching amenities, Ayia Punta Mita brings a sense of casual glamour to Mexico’s premier beach and golf resort community. Inspired design by renowned Mexican architect Jose “Pepe” de Yturbe is complemented by a sexy poolside area, and attentive onsite concierge services. Each two-bedroom condominium is approximately 2,600 square feet with expansive terraces or balconies from every room, and a generous use of glass showcasing Punta Mita’s lush natural beauty. Gourmet kitchens and eclectic furnishings are highlights, along with the community’s stunning 200-yard-long swimming pool.
These condos are ideal for those wanting to explore Punta Mita’s real estate opportunities, or for those wishing to visit Paradise for a well-deserved holiday. To reserve, please contact Nancy Bravo, at: nancy@rivierapartnersmx.com.
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Mexico Mortgage Financing Report,
by Meridian Capital Partners
Ultra Wealth, and Where it’s Going? The 13th annual Capgemini/Merrill Lynch World Wealth Report was recently released, and the results read as one may expect – if you’re superstitious about the number “thirteen”. Despite the expected bleak news, we found some interesting reading among its findings.
The report defines high net worth individuals, or “HNWIs”, as those with investible assets of more than $1 million. According to their findings, the global population of HNWIs declined 14.9% in 2008, while their total wealth dropped 19.5% to $32.8 trillion. Throughout the world, there are now 8.6 million high-net-worth investors - millionaires or better - the report concludes.
During 2008, the report states, as HNWIs reduced their exposure to equity markets across the globe and allocated more to fixed income investments, HNWIs also had more of their financial assets allocated to real estate holdings, which rose in 2008 to 18% of the total global HNWI portfolio from 14% in 2007.
The return to real estate reflected the preference of HNWIs for tangible assets, as well as a trend toward bargain hunting, as many opportunities arose. Luxury residential property values have dropped to levels last seen in 2003 and 2004, prompting some HNWIs to buy, particularly “once in a lifetime” properties, the report states.
Looking ahead, the report forecasts a recovery, stating that by 2013 global HNWI financial wealth should stand at $48.5 trillion, after advancing at a sustained annual rate of 8.1%. This growth, they predict, will be driven by the recovery in asset prices as the global economy and financial system right themselves.
You may download a copy of the report here.
If bargain-hunting currently the preferred sport of the HNWI, and the recovery of asset prices is already in process, then smart money would say now is an ideal time to act on the purchase of luxury residential real estate. If your interest is in Mexico resort property, Meridian Mexico is available to consult with you on how this investment would best be structured into your overall financial plan.Our clients are also contacting us to evaluate financing their existing property in Mexico, in order to pull cash out of this asset in their portfolio, while rates are so attractive.
Our view of financing encompasses not only the transaction itself, but also how this property acquisition fits into your overall strategic financial goals, such as current income requirements and estate planning. As you investigate real estate opportunities in Mexico, we encourage you to consult with Meridian, to evaluate the very best way to make this transaction work to your financial benefit. We invite you to visit our website and view our blog on Mexico financing at: http://www.MeridianMexico.com.
Contributed by Meridian Capital Partners LLC (MCP). MCP’s sole focus is to assist affluent individuals interested in financing a primary, second or investment home in Mexico.
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Feature Resort: Four Seasons Offers Thanksgiving Beach Escape! November 19-27, 2009
The Four Seasons Punta Mita is offering a new reason to give “thanks” – a resort credit of up to $1,500 USD for rooms booked over the U.S. Thanksgiving holiday! Enjoy this festive time, with ideal weather in Punta Mita, while enjoying the signature services and amenities of the Four Seasons Resort.
Receive a resort credit of $1,500 when you book a one-bedroom suite, or a $500 credit for a Casita room, valid on stays from November 19-27, 2009.
Nightly rates start at $570 for a Casita Gardenview room, with One Bedroom Suites available starting at $1,350 per night. Rates are per room, per night, and are subject to 18% tax and 10% resort charge.
The offer is based on published room rates, for single or double occupancy. The Credit is based on a minimum stay of four nights, and is applicable toward incidentals only. This very special offer is subject to availability, is not valid in conjunction with other offers, and other conditions and restrictions apply. 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.
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 Spotlight On: Mondrian Yacht Charters
Mondrian Yacht Charters is the premier yacht charter company in Riviera Nayarit, offering two world-class yachts for your day charter use. Choose from their luxurious flagship vessel, the 70' foot Mondrian, or their sexy sport coupe, the 40' foot Entourage. Charter either yacht for an unforgettable full-day yachting experience.
Explore the wonders of the Banderas Bay, including pristine South Bay coves and Las Marietas Islands, in ultimate comfort and style. Alternatively, treat your guests to a spectacular Punta Mita sunset aboard one of Mondrian Yacht Charter’s luxurious vessels as you bask in their 5-star, personal service. All yacht charters include gourmet food and beverage options, are fully-equipped with activity gear, and run by their experienced crew. Value-added packages and exclusive pricing for Punta Mita homeowners and frequent visitors to Riviera Nayarit are also available. Visit their website at www.mondrianyachtcharters.com
E-mail at charter@mondrianyc.com or call toll-free from the US at 800-566-1266 or from Mexico at 01 or 011-800-681-9533.
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.
- 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 VIP Lounge – Movie Night – Popcorn, soft drinks, beer and more.
Looking ahead, the Marina is proud to announce they will be the official venue for the “Copa Mexico”, which is part of the Mexican Independence Bicentennial celebration. Taking place next February and March 2010, this will include the “MEXORC (Mexican Ocean Race Circuit) race, featuring the largest American and Mexican sailboats racing in Banderas Bay, as well as a J24 class race, and Windsurfing & kitesurfing championship.
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.
Every Wednesday, Ladies enjoy two-for-one breakfasts!
For more information on Marina Riviera Nayarit, visit www.marinarivieranayarit.com, or call them at: 329/295-5526.
Plaza Ollin Update!
Plaza Ollin, Plaza Ollin along with our stores and businesses will be hosting the first Punta de Mita Foundation event of this coming high season. Mark your calendars for Wednesday, November 25th. Plaza Ollin is proud to host the first of these important events, we hope that you will be able to join us. There will be up to date information on the Foundation, Village project, and much more! The stores within the Plaza Ollin will be donating 10% of their revenues starting on Wednesday, November 25th through Sunday, November 29th to the Punta Mita Foundation to support our local foundation and most importantly our Village. November 25th will also serve as the Grand Opening Event for our Boca Deli.
Future Events: Plaza Ollin will be hosting monthly events & cocktails throughout the coming high season. Dates for these events will be posted within our November newsletter.
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. For more information of upcoming events in the Plaza Ollin contact Jonathon Smart – Jonathon@rivierapartnersmx.com or call us at (+52) 329-291-5442 / 329-291-5402 / US&CAN 323.521.3353 or 760.298.4413
Contact Information, Plaza Ollin:
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 By Jonathon Smart & Sebastian Melini
September has been a fun month on the ocean and October looks set to be much the same. As the last of the summer storms and swells pass by we should get some great days of surfing through mid to late October to look forward to in the coming weeks. The ocean is warm and will stay that way into the winter months so October, November and early December are great months to be learning to surf or generally having fun in the ocean. We have had some great mornings wake boarding and slalom skiing inside the Bay in front Of Hacienda de Mita, El Encanto, Porta Fortuna and the village, the morning light and the flat ocean make for a envigerating way to start the day!
Under the water the spear fishing has been good however due to the El Niño weather system the water temp is somewhat high so the tunas are coming up very slowly but things are looking great for the coming weeks. The conditions for scuba diving are really good still with octopus, lobster, lots of tropical fish! For your underwater and fishing desires and back on land if ATV’s are you thing contact Sebastian & Nico at Punta Mita Expeditions – www.puntamitaexpeditions.com
Punta Mita Sailing & Surfing Club
I am now starting to organize the Punta Mita Sailing and Surfing club. Should there be any home owners within Punta Mita and/or throughout the northern bay that have an interest in getting involved either in the organization of these two clubs and/or you have a general interest in staying up to date on what these clubs offer and what will be doing as these clubs get going please feel free to contact me at your convenience and I will be happy to keep you up to date: jonathon@rivierapartnersmx.com / +52.329.291.5442 – or come visit me at Plaza Ollin.
Punta Mita Tennis – Men’s night!
We are continuing to have a great time with our new “men’s tennis nights” every Tuesday evening from 7:00 to 9:00 pm. We have a nice group now and are waiting for more to join, all ability levels are welcome, we play singles and doubles matches, and we have every level from ex-national level junior and teen players to those who just love the game but are far from making the next grand slam! For more information please contact J.P Mahony at the Punta Mita Tennis club 329.291.6000 ext 3809 (ask for the tennis club) or feel free to contact me as I see J.P most days: / 329.291.5442 or come visit me at Plaza Ollin.
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