http://www.ourrockypointrealtor.com
Soy tu mejor opcion en cuanto a compra, venta o renta de tu casa, condominio, terreno o local comercial en el Area de Puerto Penasco, Sonora, Mexico
Fresh and fun this Playa Dorado oceanfront home is turn key ready to be your paradise by the sea. 4 bedrooms, (2 master suites with pristine ocean views), 3 tiled baths, one with a unique clawfoot tub, hard to find fireplace in the upstairs master suite and 2nd fireplace in the cozy living room area, vaulted ceilings, fans, energizing colors throughout, custom kitchen decor, built in storage and a private screened in porch for your morning coffee... it's a must see. The covered patio and built in BBQ are perfect for beach side entertaining. For your viewing pleasure visit the link below.
This East beach home offers solitude, pride of ownership and a charming seaside atmosphere sure to exceed your expectations. The spectacular sunsets and sensational sunrises that define the East beach communities offer tranquil moments you'll want to experience again and again.
Contact Grant MacKenzie, Owner/Partner REMAX Legacy and home owner in the East Beach communities for over 30 years.
REMAX Legacy's foundations is built with integrity, excellence in service and trust. Grant and the MacKenie family value our clients and know YOU are our most valuable assets.
We're never too busy for your referrals. Thank you for the opportunity to serve YOU.
Located in one of the most beautiful areas of Rocky Point Mexico we have an outstanding beach front home in Sec 1 of the popular Las Conchas. This beach front home was remodeled in 2004 with a style and character that compliments the Sea of Cortez meeting the desert of Rocky Point. With 2 stories, 4 bedrooms, 4 ½ bathrooms, a huge living area with fireplace, dining area and large kitchen this home gives you amazing views plus comfort, luxury and style. Each Floor consists of a master suite with outstanding ocean views as well as two oversize guest rooms. This beach front home in Las Conchas comes fully furnished giving you the ability to enjoy now. With an oversized deep 2 car garage and barbeque area in the back nothing was left out in the remodeling of this great home. Call today for more information, for $895,000 with option of terms this won’t last.
Many People is a little scared about all the bad news we can find in almost all News TV Channels in USA, but what about reality??? At least here in Rocky Point, lets find out what people said.
Puerto Peñasco, also known as Rocky Point, has become a popular destination among American vacationers—especially Arizona residents—for its beautiful beaches and convenient proximity to the U.S. Yet in spite of its prime location, real estate prices in Puerto Peñasco are surprisingly affordable: beachfront condos in the complex Puerta Privada, for instance, are selling for less than $500,000, whereas a similar unit in Los Cabos easily costs more than twice that amount, according to Branden MacKenzie, real estate agent for RE/MAX Legacy, which is based in Puerto Peñasco .
“With prices being that of three, four, five years ago, this is a wonderful time to be looking at [Puerto Peñasco real estate],” he said.
Investors need to be aware, however, of market conditions that have resulted in downward pressure on prices; namely, a considerable slowdown in sales compounded by the large supply of condos that have entered the market in a relatively short period of time.
Nevertheless, local experts remain optimistic about Puerto Peñasco, pointing to advances such as the international airport and major coastal highway as factors that will promote growth and appreciation. A recovery in hard-hit U.S. real estate markets such as Phoenix is also expected to boost buyer activity in the area.
About Puerto Peñasco
Puerto Peñasco still has many stretches of pristine beach front along the Sea of Cortez
Puerto Peñasco is located in the Northwestern region of the Mexican state of Sonora, nestled on the shore of the Sea of Cortez. It has been called “the second-fastest growing city in the country of Mexico,” according to Bill Barvitski, a local realtor with RE/MAX legacy.
The municipality has certainly grown; what was once a small fishing village became a hotspot of almost 45,000 people, according to Mexico’s census data for 2005. Census numbers most likely underestimate the residential population, however, as a large constituency of vacationers—traditionally from nearby U.S. markets—take frequent trips to Puerto Peñasco .
The market’s prime advantages are its beaches, which offer a rich variety of sea life and coastline, and its proximity to the U.S., according to Jonni Francis, broker and owner of Coldwell Banker Rocky Point. Phoenix and Tucson are both within a four-hour drive of Puerto Peñasco, and visitors have made the journey from farther reaches such as Utah, New Mexico and California. The distance between Puerto Peñasco and the U.S.-Mexico border point at Lukeville is 66 miles.
Resort development in Puerto Peñasco has flourished, with three 18-hole golf courses, 60 three- to five-star hotels and a number of large condo projects that have added thousands of condo units to the market. Developments in local infrastructure, such as improvement of streets and expansion of utilities, has followed, “mirroring the growth and mirroring the needs of the city,” Francis said.
Recently, the center of public attention has been the forthcoming completion of two major projects—a new international airport and four-lane coastal highway—that are expected to promote tourism and “bring more people into the community,” according to Francis.
The new airport, which is scheduled to make its debut in 2009, will be big enough to accommodate jets and should open up the area to the presence of major commercial airlines. As it stands, Puerto Peñasco welcomes only three commercial flights a week from Los AngelesInternationalAirport on small turboprop planes, according to an article by the Los Angeles Times last February.
Puerto Peñasco in southeast of map on the coast of the Sea of Cortez
In addition, the 375-mile, four-lane coastal highway connecting Puerto Peñasco to the border at San Luis Rio Colorado will effectively shorten the driving distance from Southern California by approximately 100 miles and should generate new traffic to the area. The $200 million project began in 2005, according to the Arizona Daily Star, and should be completed by “the end of this calendar year,” Barvitski said.
In spite of the staggering growth that Puerto Peñasco has seen over recent years, a rich culture of hospitality and warmth has been preserved in the area.
“If you walk down the street today in the morning...you’d have a 50-50 chance to be invited to go out on boat to go fishing, for [no other reason than to] just have company on the boat,” Barvitski said. “It’s still that heart-to-heart, warm area. It doesn’t have the beat-you-on-the-forehead timeshare [feel] and I don’t think it’ll ever have that.”
The Puerto Peñasco real estate market
“There’s a saying that [when] the United States gets the flu, Mexico sneezes,” Barvitski said. “And that’s true of any place in Mexico.”
Puerto Peñasco , like many other real estate markets in Mexico, has felt the secondary impact of the U.S. housing crisis. American buyers, who have traditionally refinanced their homes in order to purchase property in Mexico, are now finding it difficult to access that money because of the lack of stability in the U.S. market, according to Francis.
“It’s definitely impacted our market and...overall I would say our business is down maybe...35 percent over the last couple of years,” she said.
Massive building has also contributed to the slowdown in the Puerto Peñasco market. When the market was strong, a number of large-scale developers all “came in at about the same time,” and it is now estimated that a four-year supply of condos is on the books, she said. But unlike the relentless pattern of building found in markets such as Panama City, building patterns in Puerto Peñasco have entered into “sleepy mode,” as local residents call it, in response to the lowered demand, according to Barvitski.
“As it sits right now, there are units that are on hold,” he said. “For example, Marriott came in and bought a large parcel of land, [but] they have not started scraping there yet....It’s senseless for them to do that at this moment, but in the spring of [2009] they’ll be out there in full [force].”
Overall, high supply and low demand have fueled a buyer’s market in Puerto Peñasco, and investors may take an interest in the “wonderful prices” and opportunities that are available, according to Francis. Furthermore, it appears that foreign investors from outside the U.S. have already begun to buy up property in large quantities, according to Barvitski.
“The surprising thing is [that] a lot of Europeans...[and] wealthy Mexicans are coming to this northern state and...[heavily] investing in huge acreage, just bare land, knowing that this is a golden opportunity,” he said.
Puerto Peñasco real estate prices are expected to stabilize by the end of the year
Although prices have clearly dropped, the real estate market is expected to stabilize by the end of the year, according to Francis. Furthermore, the completion of the new international airport and coastal highway, as well as a cyclical rebound in nearby U.S. real estate markets, should all contribute to a return to growth in the near future. There’s “just not a better time to be looking at Peñasco, [and] I don’t see another market like this for Peñasco ever again,” MacKenzie said.
Puerto Peñasco real estate also shows potential for long-term growth as an attractive destination for those who want to retire abroad. In addition to the lower cost of living, coastal landscape and proximity to the U.S., amenities such as more “sophisticated health centers” will appeal to retirees, who are a “target market” for Puerto Peñasco real estate, Francis said.
Investing in Puerto Peñasco
A wide variety of investment opportunities are available, but condo resales seem to present the most compelling properties on the market at this time, as previous buyers with dried-up second mortgages place units on the market at a considerable discount, according to Barvitski. A 1,200- to 1,400-square foot condo on the beach, for instance, can sell for less than $250,000 on the resale market, he said.
Investors may also be interested in purchasing raw land at relatively affordable prices. Beachfront lots, which have previously sold for $600,000 to $900,000 dollars, may now sell for less than $500,000, according to MacKenzie. Second-row lots can be priced anywhere from $89,000 to $150,000.
Raw land also offers the opportunity for investors to develop campgrounds or RV parks, which Puerto Peñasco lacks, according to Barvitski. In this way, investors can generate cash flow through the rental of space and have the option to re-purpose the property at a later time.
Investors who are interested in buying property in Puerto Peñasco should work with licensed real estate agents, who are not hard to find thanks to a government initiative that has begun in the state of Sonora.
“The growth [in some of the cities] in Sonora has been so fantastic in the last in the past three or four years, that the Mexican government has asked Sonora to be the leader on the...licensing of realtors and real estate agents,” Barvitski said. “And in July...based upon the results, they’re going to go ahead and spread this out to the other states of Mexico as well.”
Although Puerto Peñasco may be a safer place to buy property, it’s still “not 100 percent safe,” Barvitski said. A year and a half ago, for instance, a condo development began to sell units at pre-construction for a 20 percent discount; eight months later, the project went into foreclosure.
“The people who have bought those condos are shaking in their boots but … they bought directly from that developer,” he said. Thus, investors should find a licensed real estate agent to represent them and help evaluate the property, and they should also hire a Mexican attorney to review the contracts.
Covenants, conditions and restrictions are limitations and rules placed on a group of homes by a builder, developer, neighborhood association and / or homeowner association (here most named HOA's). All condos and townhomes have CC&Rs; however, so do most planned unit developments and established neighborhoods.
Some CC&R's involve restrictions that are against the law and unenforceable involving race. These often prohibited sales of property to people who were not Caucasian. They are still in the public records today but are not enforceable. There are social movements across the country to physically remove these documents and rewrite them, rather than leave them in place with the racist and offending verbiage blackened.
Some neighborhoods restrict the color you can paint your house, for example. A neighborhood in Huntington Beach, CA, has CC&Rs that demand every house be painted white. CC&Rs can place restrictions of almost any kind of nature, as along as the group writing them agree to it.
Always read CC&Rs before buying a home. Ask for a copy. You may find you cannot park your car in the drive for more than two hours or put a basketball hoop in the street. Conformity can be a good thing, but it's not for all people.
A condo hotel is a residential building that is used both as a condominium and a Hotel. Though Condo hotels are not a new concept, they are getting increasingly popular with each day. The reasons behind their popularity are not that hard to find. Hotel developers are finding it difficult to get finance for the hotel projects and development projects are increasing. In this scenario, it makes perfect sense for hotel developers to sell condo units of their hotels to individuals rather then fund the whole hotel with their own money or loans. For Condo unit owners, it gives them a chance to own a private residence in a Five star hotel with an option to earn money as rental. Condo Hotels in Mexico are an excellent risk free investment opportunity in today's low interest rate and volatile stock market scene. Condo Hotels generally feature star class amenities and are located near a popular vacation destination. Every big player in the hotel industry is now enterin in this highly popular and lucrative business. A condo units owner can stay there whenever he likes and for the rest of the period, he can place unit under Condo Hotel Management's rental program. Condo Hotels management markets individual investor's condo unit as a hotel, handles reservation, takes care of the front desk and maintenance. In exchange, the hotel management gets a part of the revenue from the rental. Many developers offer an array of hotel services available to condo hotel unit owners like valet, concierge, maid and spa services, restaurants etc.
The Condo Hotels available in Rocky Point (better known only by "Condos") are Sonoran Sun, Sonoran Spa, Sonoran Sea, Sonoran Sky, Las Palomas, Las Palmas, Casa Blanca, Bella Sirena ; Esmeralda. If you want to invest in One of them, Call me or go to my website and see the options. Now is the time for a good investment, because the people is selling at the best price ever!!!
Whats your planning for you vacation for this spring break? If you love to travel extensively and wish to enjoy natural beauty, then youll perhaps think of Puerto Penasco, commonly known as Rocky Point Mexico. This vacation destination has varieties of excitements and activities to offer.
Why People Long for Going There?
Puerto Penasco is such an awe-inspiring place that more and more travelers are craving to go there for lots of reasons. Rocky Point is one of the most well-known vacation rentals, which is one of the nearest beach areas in Arizona, Mexico. And most likely, for this reason, most of the Americans choose treading here and enjoy sand and the sun here.
Whats it that Urges You to Visit this Place?
Aside from the natural beauty in Rocky Point Mexico, it is the place where youll observe the clichs meeting and the cultures shining. Youve warm weather, clear sky to enjoy here. Walk down the clean beaches. Also you cannot miss the chance to enjoy the Mexican cuisine! If you really long for spending your best of your vacation times, you are recommended to visit this place.
Rocky Point House Rentals: Accommodation Facilities
Most people are fascinated so much by this destination that they wish to make it their second home. Here you will find wide options of Rocky Point Vacation rentals in Mexico and also make your own house here. You will really admire the fine accommodation services offered here.
There are luxurious Rocky Point Villas rentals facilities for you. This will let you to be close to the seashore and you can enjoy the sound of the waves all the time. If you wish to have fine condo near the seashore, you will find many! One of such exotic vacation rentals is El Fin Del Mundo, which offers all sorts of amenities you will love to have!
How is it Beneficial to Buy Property in Rocky Point?
Since Rocky Point is such a popular place for most of the travelers and traders, it is perfect place to invest. You can also buy property here or consider for beach homes for sale in Mexico.Condos in Rocky Point are very much in demand and most people have therefore converted their apartments and homes into luxurious condominiums. Ask me for prices here or visit my website www.ourrockypointrealtor.com .
Is it Easy to Get there?
The main thing for this place that makes it more convenient for traveling is you can easily get there. Because its only 60 miles south of the border, you can easily reach there from the US. Its just few hours drive from Tucson and Tempe. This destination is full of visitors in March who come to enjoy their Spring break.
What Are the Attractions that Will Grab Your Attention?
The attractions at Rocky Point are many. There is splendid sunshine one can enjoy, strikingly clean sandy beaches one can walk down, fresh and sparkling water and much more. There is colorful nightlife with many bars whereby you can enjoy yourself till the dawn. Those who are 18+ are legally permitted to buy and enjoy alcohol!
Hows the Climatic Condition?
The temperature is normally 80 degree F all the year. The climatic condition is normally clean here. There is approximately 2 inch of rainfall. It is therefore, a fine choice for having a sun-drenched vacation!
Do You Like Fishing? Participate in Fishing Tournaments!
If you like fishing, youve plenty of sport fishing occasions here at the seashores like Las Conchas and La Choya in Rocky Point. The varieties of fish youll see here for example dogfish, swordfish, flounder, marlin, sea bass, croaker etc. You will be happy to know that there is fishing tournaments arranged here you can partake!
Rocky Point, Mexico is full of cultures, excitements and recreational activities that are enough to make your spring break or vacation unforgettable. Enjoy to the fullest here and retrieve your lost-strength by being in the lap of the nature!
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