'Real Estate News' Category


3rd Annual Mexico Resort Development Conference to Be Held December 3-5 in San Diego

Wednesday, August 15th, 2007

The strength of the Mexican market and economy – per capita GDP topped US $10,000 in 2006 – is helping to open up other markets as a higher percentage of Mexicans themselves become resort consumers. 

For more information on the 2007 Mexico Resort Development Conference, visit www.mexicoresortdevelopment.com.

About Baker & McKenzie:
Baker & McKenzie is the world’s largest international law firm. Founded in 1949, it has more than 3,200 lawyers offering services in 38 countries, with 69 locations in the major cities and financial centers of the world. Its attorneys have extensive knowledge and professional experience to handle national and international legal affairs, being capable of providing highly sophisticated legal advice on any subject related to the law of their respective country.

Baker & McKenzie has had a presence in Mexico since in 1961. The firm has gained unrivaled expertise in a wide range of legal specialties to serve its clients. Currently, the firm has six offices throughout Mexico, including Mexico City, Rocky Point, Ciudad Juarez, Tijuana, Monterrey, Guadalajara and Chihuahua. The Mexican offices of Baker & McKenzie are regularly involved in major real estate projects, including hotel, residential and resort development, fractional ownership and timeshare, construction. The firm also advises on related fields of law, including, corporate structuring, tax, financing, securities, environmental and labor, among others.

The firm is well known for the high level of specialization of its professionals. Partners and other members of the firm are recognized as the top professionals in their respective practice areas. It is the only firm in Mexico that has an integral highly specialized professional team which includes attorneys, accountants and economists, enabling the firm to respond to the legal needs of sophisticated companies operating in Mexico and abroad.

About Contact Development Company, LLC:
Contact Development Company, LLC (CDC) is a real estate development firm whose principal focus is the planning, development, marketing and sales of unique resort/residential projects with a specific emphasis on the key North American resort markets of Mexico and Hawaii. For over 20 years CDC has also advised and assisted landowners and developers in facilitating the equity capital and debt financing for the acquisition and development of resort, residential, hospitality and mixed-use real estate projects both domestically in the United States and internationally in Mexico, Central America, and the Caribbean.

CDC has been involved in projects in Mexico since it was founded in 1986 and has maintained an office in Mexico City for the past 10 years as well as its headquarters in San Francisco, California. As it relates to Mexico, due to its long tenure and extensive involvement in the country, CDC is partnering with financial institutions to lead the way into new development projects targeting the affluent U.S. buyer market.

A.M.P.I. Puerto Penasco gets serious about online marketing

Wednesday, August 15th, 2007

It’s not just another MLS system in Puerto Penasco. AMPI’s brand new MLS system is supported by Point2 NLS, a world-class web-based real estate platform and the largest online real estate community in the world. CompuThree key benefits for AMPI:

1.- Point2’s technology automatically aggregates member listings while enabling the Association to better organize, standardize and professionally publish listings both in the members-only part of the system as well as on its public facing Web site.

2- It also provides AMPI members with a great number of advanced value-add technology tools that enable brokers and agents to develop their own websites and blogs with a neat built-in lead incubation system. Members don’t need to invest in database servers, hardware or even software, it’s all there.

3.- Here is the best part: The new AMPI Peñasco MLS system has an opt-in automated listing exposure network of high traffic consumer search sites, such as Google Base, Point2 Homes, Craigslist, Condo.com, NYTimes, and Yahoo. In other words, listings can be exposed to millions of potential US and Canadian buyers, right after the listing is published on a Point2 broker website.

So could Point2 NLS be the backbone for a future, national MLS system in Mexico? Not sure, only time will tell.

The current drive towards the freedom of information has caused MLS systems to evolve into consumer marketplaces, and new competitors such as Google, Move.com and Zillow.com are all searching for the winning model.

For the time being, almost 500 realtors in Mexico are already using Point2’s platform to promote listings, build conversations around neighborhoods and blog about their local market.

Check them out and drop me a line on your thoughts about the tool…

Vacation Homes Sold In Mexico – Up 50%

Sunday, August 12th, 2007

 Last year 5,000 vacation homes were sold in Mexican beach towns, according to Softec, a business consulting firm, and the National Association of Realtors. Four thousand of the 5,000 properties sold were new construction, according to Softec.
   The properties were sold in Rocky Point, Puerto Vallarta, Ixtapa, Loreto, Puerto Escondido and Cancun.
   The combined total sales figure came to $1.5 billion, which is fifty per cent above 2004 sales, according to Softec. Non-beach area properties resulted in fewer than one per cent of total sales.

   According to Eugene Towles, a partner with Softec, Mexico has the potential to sell 300,000 homes per year with a combined market value of $150 billion dollars.
   Mexico has the potential to sell one quarter of all world vacation homes, but significant planning must take place first, according to Towles.
   Increased globalization of the banking industry will make buying a vacation home in Mexico simply a matter of dealing with one’s home bank, according to Towles.

Laguna del Mar Sold

Friday, June 29th, 2007

Alliant Energy Corporation announced today that the company has completed the sale of its ownership interest in the Laguna Del Mar property, located in Puerto Penasco, Mexico, to a group formed by Salvago Mexico for net proceeds of approximately US$65 million.The buying group formed by Salvago Mexico is comprised of the real estate subsidiary of the Spanish utility Iberdrola, the Spanish-based investment fund, Global Loan, and the Spanish developer, TIASTA Promosiones.

Alliant Energy worked with Jones Lang LaSalle to manage the sale. The company plans to use net proceeds from the sale for general corporate purposes.

Alliant Energy is an energy-services provider with subsidiaries serving approximately 1 million electric and over 400,000 natural gas customers. Providing its customers in the Midwest with regulated electric and natural gas service is the company’s primary focus. Alliant Energy’s utility subsidiaries are Interstate Power and Light and Wisconsin Power and Light companies. Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company traded on the New York Stock Exchange under the symbol LNT. For more information, visit the company’s Web site at http://www.alliantenergy.com/.

Big Changes to Tucson’s Beach

Saturday, June 9th, 2007

By Teresa Jun, KOLD News 13  

If you’ve never visited Rocky Point, Mexico – or if it’s just been a while – you’d be surprised to see some major changes happening to the popular local getaway. 

Sandy Beach is one of the area’s fastest growing resort communities.  High-rises are quickly going up in a stretch of land that was empty less than ten years ago.

“Good food, good friends,” is what brings Judy Murray from Tucson to Puerto Penasco, as its called in Spanish.

“We just enjoy coming down here,” says Sean McCafferty.  “The beach is really beautiful.”

Known as Tucson’s Beach, Rocky Point is reeling in visitors like never before, thanks to new condos cropping up along the coast – an investment boom many are banking on.

“It won’t slow down, it just won’t slow down,” says Tucsonan Tina Elliott.  She has visited Puerto Penasco since the seventies.  After falling in love with the water, the way of life, and the weather, she decided to take the real estate plunge.

She’s now selling ocean-front condos for “Sonoran Resorts.”  So far, the success is staggering.

“The Sonoran Sun, this was our third project, we sold this project out in 7 hours, that’s 228 condo’s in 7 hours.”

“This is, this is where I used to live, right here,” says Guillermo Munro, who grew up in Puerto Penasco.  The historian snapped photos of how times have changed.

“Everything was very quiet, nothing big.”

As recently as 1993, his photo shows how barren the beach was.  The same beach today shows a big difference: condos now crowd the area.   Since then, Puerto Penasco’s population has tripled from 20,000 to 60,000.

The way Munro sees it – the boom happened when one or two high-rises started a trend. Then, local tourists discovered the short drive.

“The terrible September 11th happens, and then people were afraid to fly, and they start coming.”

Fishing and shrimping once dominated the coastal waters.  But at today’s local marina, much of that is washed away as yachts now sail in.

“The vacation boats triple our shrimping boats now,” says Tomas Sanchez, who works on a shrimp boat.  “Tourism has really taken off.”

“Shrimping used to be good, very good, but now it’s not the same as it used to be,” says marina worker Ramiro Mendez.

Even vacationing isn’t the same as it used to be as campers and RV’s start to dwindle, making way for the new resorts.

While some of the locals miss the way the old beach used to be, local leaders say the tide of tourism has now brought in a new wave of local jobs to the economy.

At the site of the future Sonoran Sky resort, developers tell us construction jobs at this project alone are keeping more than six hundred local workers employed.   And it’s not just construction:  There’s new demand for house-keeping staff, security, kitchen cooks and restaurant servers, like Yvette Campos.

“It’s much easier to find a job now,” she says, adding there’s lots of opportunities in bartending and waitering.

And with almost 5,000 new condo units built in the last five years — the city sees no slowdown, with prices here about half what you’d pay for California coastal condos.

“Our condo’s are starting on a 2-bedroom, about $450,000,” Elliott says.

And prices are still appreciating, at times up to thirty percent a year.  Investors say there’s plenty of posh amenities and luxury living, to bring buyers in.

More growth is on the horizon.  A runway is being built for a new international airport to fly in visitors from distant locations.  A new highway is also in the works, to funnel more tourists from California.   And while room runs out on the coast, developers target endless inland space to build some more.

Coming soon, are golf courses, sprawling resorts, spas and new shopping avenues getting their start.

“I think we’re really at the tip of the iceberg,” Elliott says.

That’s music to the ears of investors, because like it or not, the skyline is evolving.  The signs of growth are hard to miss.

There are still pockets of poverty, but as more visitors flock to this Mexican resort, they just might bring a sea change with them.

The new highway connecting California to Rocky Point should be complete by sometime next year.  The new airport should be up and running by the end of 2008.

Great Mexican Investments

Saturday, April 7th, 2007

The thought of Spring Break brings different visions to us all. As some of the experienced Puerto Peñasco veterans vie for positioning in the establishments with the best visual candy, many of us are looking for escape. This town is growing at an astounding rate, and busy weekends are becoming in many cases challenging at best. With almost 60 projects in some stage of development in the Peñasco area, this trend will certainly continue. It is this element that has many investors looking farther south for that piece of paradise that called so many of us to Mexico in the first place.    

 

There are many communities south of Puerto Peñasco that are drawing attention. Most of these developments will show great returns for those who do their homework. From the Mayan Palace to Desemboque, to Puerto Lobos and on to Puerto Libertad potential investors travel in search of their dreams. Many variables weigh in the decision-making equation as to which property is best for whom.   

 

A community that is arguably leading the pack is Santo Tomas. Though the communities mentioned before will all likely develop in the future, Santo Tomas is happening now. Santo Tomás is a unique beachfront community located about an hour south of Puerto Peñasco along the projected route of the new coastal highway. Santo Tomás provides all of the comforts of modern day living while assuring a peaceful and secluded setting away from the pressures of other tourist venues. Las Dunas is the first phase of Santo Tomás, a dramatic combination of 3,360 acres of beautiful Sonoran desert, with 2½ miles of the most pristine swimmer friendly beaches in the state of Sonora. This beautiful setting is located on the edge of a fertile agricultural area where grapes, olives, citrus fruit & most of the country’s asparagus are grown. The original tract of land that was named Santo Tomas was purchased by the Crewse-Reyna family in 1960. This tract, which consisted on 1500 hectares (approximately 3600 acres), was available for purchase from the federal government by virtue of a land grant that was given to Francisco Reyna Sotelo, patriarch of the Reyna clan who had participated successfully in the Mexican Revolution in the early part of the 20th century. These land rights were transferred to his daughter, Paulina Reyna Crewse and her husband, Otho (Bob) Crewse, and exercised by them in 1960 to acquire the parcel described above. 

During the 1960’s, Bob Crewse began to develop the land as a cattle ranch until his death in 1969. By 1971, Paulina had divested herself of the cattle and started the initial tourist development of the site which today bears the name Las Dunas. A restaurant, grocery store and a few rental cabins were the key amenities in this small “resort” which primarily served customers from Caborca and the surrounding region. After several marginal years of operation, Santo Tomas as a business went dormant in 1980. Although it didn’t take off as a successful enterprise during this period, it did develop a bit of a following and a reputation because of its natural beauty and seclusion. Over the next 16 years, development of the site remained at a standstill, although plans were in the works to develop it to its true potential. In 1996, Paulina and Bob’s children, together with a few other partners, began the efforts that today are starting to bear fruit as Las Dunas de Santo Tomas and Santo Tomas in general. This group formed a Mexican landholding corporation which today holds fee simple title to the property with no liens or encumbrances. Today there are about 20 homes completed and many more in the planning stage in section one. More than two-thirds of the121 custom building lots in the first 2 phases have been purchased. The average size is 11,384 sq. ft., the smallest is 9,600 sq. ft. Section two consists of 9 oversized beachfront lots ranging from 14,000 to 15,000 sq. ft., and 11 hilltop estate lots which range from 16,000 to 28,000 sq. ft. Section two was just made available for purchase, and believe it or not the beachfront lots start out at $350,000. This is a big difference to the pricing in Puerto Penasco which are hovering around a million dollars for beachfront in most any community. This is really special since the lots in Santo Tomas have underground electricity, drinkable water, and a banktrust available on every lot. This fact cannot be said about any lot in the Puerto Peñasco community or anywhere else for hundreds of miles. The Estrella Las Dunas Condominium project on the north end of Las Dunas is now under construction at Santo Tomas. In the area of the old beach club, this attractive, secluded low-rise complex is taking shape on the most pristine beaches the Sea of Cortez has to offer. 

Featuring 1, 2 and 3 bedroom units, each Estrella Condo includes a private patio or balcony facing the sea. Numerous amenities will be integrated into the condo area. These include a resort-sized pool, heated spa, outdoor barbeque facilities, outdoor bar and an amphitheater/beachclub facility for events. The adjoining Fitness/Recreation Center will offer several fully equipped exercise areas together with specialized areas for spa services. The lounge in the Center will provide a place to play games, have a drink, have a bite to eat or simply relax while enjoying the spectacular views of the Sea of Cortez.  Located just one hour south of Rocky Point, Santo Tomas is the absolute getaway from the crowds. With a wide variety of lots priced from below $35,000 and the Estrella Condos available from just over $200,000 the Santo Tomas experience is worth taking a look at. Water and electric utilities provided to the front line of each lot are included in the lot price. 

What is a Bank Trust

Saturday, April 7th, 2007

MEXICAN BANK TRUST  OR  FIDEICOMISO

The Fideicomiso or Mexican Bank Trust is a mechanism that enables foreign persons or companies to purchase property in Mexico.  The trust mechanism was created to allow foreign investors to participate in Mexico’s rapidly expanding sectors, while exercising complete and legal control over their investments while complying with Mexico’s investment laws.
The trust is a property interest held by a Mexican bank.  The sole purpose of the bank is to manage the property for the benefit of the owner of the trust.   Real estate investment trusts enable foreign entities to invest in Mexico’s coastal and border areas which were once restricted from foreign investment of any kind.
Only Mexican banking institutions authorized and regulated under Mexican laws can serve as trustees.  The beneficiary of the trust, the foreigner, retains the use and control of the property held in trust and makes the investment decisions with respect to the property.  This can include the decision to transfer such property interest to another foreigner realizing all of the economic benefits that accompany equity ownership in Mexico’s attractive coastal properties.
Trusts are established for initial 50 year periods and can be renewed indefinitely for additional 50 year periods.  The beneficiary may transfer or assign his beneficial interest to any person and keep the profits from the sale of the property subject to applicable tax laws and expenses for the sale.  Property held under a trust can be passed on to future generations and the person to which the bequest is made is not burdened with an inheritance tax.
Fideicomisos are an easy and safe way for you to own property in Mexico.   They are government sanctioned and offer strong protection.  Potential investors are encouraged to contact us for assistance in setting up your Mexican bank trust

FINANCING A PIECE OF OLD MEXICO

Monday, March 12th, 2007

FINANCING A PIECE OF OLD MEXICO

by Risa Kottabi and Dan Monroe

You’ve now been to Rocky Point and you know that you have to own a piece of the magnificent real estate of Puerto Penasco.  You are not alone.  Hundreds of Americans are buying into this growing community.  If you are among the fortunate people who have already acquired real estate in Puerto Peñasco you know that most of the transactions require substantially higher cash down payments than comparable transaction in the United States.  For newcomers to the area you will quickly learn that in most cases financing is not even mentioned in the purchase contract.  It is assumed that the buyer will pay the earnest money at the time the offer is accepted by the seller and the remainder of the purchase price will be paid, in cash, at closing.  For those of you who don’t have enough cash to pay for the entire purchase price up front at closing this article is for you. 

When you are thinking about purchasing property in Puerto Penasco it is important to be armed with as much knowledge as possible and to know all of your options BEFORE you commit to your purchase.  The options for financing are somewhat more limited that what Americans are accustomed to.  Financing is available but the question is do you know how and when financing can be obtained for property in Mexico?  Some surprised buyers quickly learn ( for some too late!) that banks in Mexico will not lend directly to a foreigner, even if you are from the United States!  Financing is available.  You just need to know how to access it.  You need to know how the type of financing affects your interest rates.  You also need to know that the type of financing you use may affect the status of your title pending paying off your financing.

Here are some common and some not so common ways to obtain the cash necessary for your purchase of real estate in Mexico:

Seller Carry-Back Financing:
Your dream house is waiting for you in delightful Puerto Penasco.  Unfortunately you don’t have enough cash to pay off the full purchase price at the time you buy the property.  You are absolutely not alone.  Lots Americans fall in love with the beauty and tranquility of Puerto Penasco but simply don’t have the cash required to buy that perfect house.  The most common solution used to solve this dilemma is seller carry-back financing.  It is often used with resale homes.  Many individual sellers will “entertain” offers where the seller actually finances (or “carries back”) a portion of the cost of the acquisition.  The seller accepts a portion of the purchase price in cash at closing and agrees to terms whereby the balance of the purchase price is paid to the seller by the buyer in installment payments over some period of time.  Therefore the seller becomes the “bank” or “lender”.   Experience shows that in most deals of this nature the seller demands at least 50% down at closing and will require that the unpaid balance of the purchase price will currently accrue interest at rates ranging upwards of 12 %.  But such terms are negotiable.  [Keep an eye out for the 5 year stop payment (balloon payment) that the seller usually demands.]   Keep in mind that bank trusts cannot be processed until the loan is completely paid off.  That is important because the seller usually demands the right to retain the title to your property until the entire purchase price is paid off.  Because of the very nature of the financing involved you may wish to go over the details of your intended purchase with your Realty Executive agent before purchasing with carry-back financing.

Developer Financing:
Right now on Sandy Beach there are over 30 towers in some form of vertical development.  That number does not even include the new residential developments and condo towers that we see popping up in the Mirador and Las Conchas areas.  Most of the towers and larger home developments have developer financing available for buyers.  Developer financing is quick, easy and readily available right onsite in the sales office.  This is nothing more than seller carry-back financing but done by sophisticated large developers on a commercial basis.  Your developer may provide you with a discount if you come in with all cash.  So you may want to check other sources of financing first.  Developer financing has opened doors for investors so they can now leverage their money and diversify their portfolio into new properties.  Some of these loans do not even require you to qualify for the loan (called “no-qual” loans).  This gives the person with a less-than-perfect FICO score rating the opportunity to purchase what they could not finance in the U.S..  But, buyer beware, (remember caveat emptor?) these often have higher interest rates can cost you substantial money if you plan on holding on to your investment long-term.  Make sure you investigate other financing options because you may just be able to obtain money from outside sources.  These other sources may provide you a lower interest rate.  For a comparison of rates you can check with your Realty Executive Agent. 

United States Lenders:
Yes, some American lenders have become “sold” on Puerto Penasco.  With the growing stability in the Mexico real estate market American lenders are seeing the advantages of lending money on properties located in our delightful community.  Now, with as little as 20% down, you can get interest rates at or below 8% with amortized loans stretching over 20 years.  Rates need to be checked before you make your offer since they tend to fluctuate.  Lenders are now even branching out and offering many different loan types including the ever popular construction loan just like is available in the U.S..  For more information on who to contact in the United States about financing, ask your Realty Executives Agent for the names lending institutions and individual lenders that will best suit your needs. 

Using Your IRA:
Yes, your IRA.  A rapidly increasing number of Americans are starting to figure out that a Self Directed IRA can be a valuable source of cash for the down payment or purchase of their Puerto Penasco dream home.  While investments in IRAs cannot be used to buy such things as collectables, they can be used to buy real property – even real estate in Mexico.  With the appreciation occurring with Puerto Penasco real estate this vehicle allows you to direct your IRA investment account “down South”.  Once again, your Realty Executives agent can assist you in making your IRA work for you while making your Puerto Peñasco purchase the most enjoyable part of your investment portfolio.

Home Equity Line of Credit and Mortgages:
There is the old standard and reliable means to get the cash for your down payment or the cash you need to pay the entire purchase price of your Puerto Penasco purchase.  You simply do a refinance on your existing home or other property in the United States.  The costs are minimal and can be deducted as a second home.  A variation of a refinance is to obtain an Home Equity Line of Credit (HELOC).  HELOC’s allow for a line of credit loan on your property in the U.S. to be used to acquire your Puerto Penasco real property.  You may even be able to borrow up to one hundred percent of the value of your home.  While the interest rate varies from bank to bank you will find that American financial institutions offer exceptionally good interest rates on HELOCs.  Your Realty Executive Agent has dealt with coordinating such financing for your Puerto Penasco purchase.  Feel free to ask for free advice on the subject.

Other Ways of Financing:
Americans are creative.  Innovative ways have been used in certain situations where people see the true value of owning property in Puerto Penasco.  People borrow from friends and family.  They form mini cooperatives where two and three or more families join together to buy a fantastic and unique property and share it among themselves on prearranged terms.  Some people work out trades of their American property and or services for a position in the property they want in Mexico.  Americans are famous for solving problems in order to accomplish what they want. Americans want a piece of Puerto Penasco!  Where there is a will there is a way to do it.  Just ask your Realty Executive agent and (s)he can assist you in being creative.    

These are some of the methods investors are using to purchase real property here in one of the most remarkable and peaceful places in the world.  When you have found your dream vacation or investment home, but you are a little short on cash, contact your Realty Executives Investment Specialist to find out which financing option will work best for you.  For more specific information on who to contact for the lending resources please contact and visit with Risa Kottabi at  risakottabi@gmail.com   

New Immigration Service for Puerto Penasco

Monday, February 19th, 2007

SeaSide

Dear Friends,

In an effort to continue providing you the finest, most comprehensive services available, Sea Side is proud to introduce the following new service.

The first Friday and Saturday of every month our staff from our Rocky Point Immigration Department will travel to our Phoenix office at 13636 N Tatum Blvd ( southwest corner of Tatum & Thunderbird )  This service is intended to allow owners the convenience of doing much of their immigration work with fewer neccesary trips to Puerto Penasco.

Our first visit is scheduled for March 2nd and 3rd. Owners are encouraged to call ahead for an appointment so that we may dedicate all the time necessary to provide you optimum service. We encourage you to contact Sea Side three months in advance of your legal status expiration date so that we may begin the renewal process timely.

We will make ourselves available to provide the following services :

  1. Provide general information regarding Mexican immigration regulations and procedures.

  2. Take FM-3 / FM-2 initial applications.
  3. Take FM-3 / FM-2 renewal applications..

The cost of these services is as follows:

  1. $ 395 dlls for an initial FM-3.

  2. $ 295 dlls for an FM-3 renewal.
  3. $ 420 dlls for an initial FM-2.
  4. $ 360 dlls for an FM-2 renewal.

We invite you to read about our immigration status processing services, FM-3’s and FM-2’s at our website: www.fm-3.com.
Please call or email us to make your appointment. We look forward to seeing you at our Phoenix office.

Lupe Valenzuela
Sea Side Legal Department

Tel.: ( 638 ) 383-0703 ( ext 115 ) in Rocky Point.
( 888 ) 888-262-4508 ( ext 115 ) Toll Free
Fax : ( 638 ) 383-0701
Email : seasidefm3@gmail.com

Acrópolis Mediterránea Village

Friday, February 9th, 2007


LogoHead142.jpg

Article appears courtesy of the Rocky Point Times.
Please Visit their site at www.RPTimes.com
I have included the latest information Acropolis Project for your review.

The units in acropolis will be delivered fully furnished. The purchase price will include the unit, furniture, title insurance, closing cost (trust) and membership in the exchange club. The units while wholly owned by you will be operated as a condo hotel with room service and daily maid service when available. The net income (less operating fee, cleaning fee, exc.) will be paid to you, the owner. As an owner, you can exchange use of your unit for a stay at other properties in registry collection. The units are also located either in very close proximity to or about 120 unit commercial village that will offer all dining, entertainment, and shopping options desired. I believe that since the above are new benefits and purchasing for the Peñasco area, the Acropolis project will be highly desirable in a great investment. SBR Realty will represent the project for sales and sales support.

Acropolis village is located behind the Palmas and Sonoran Spa and will be consist of Lofts, Condos and Penthouses, from 839 sq ft to 3809 sq ft, with the following features; Contemporary Architecture, Landscape and interior design, Fully Furnished residences, Ocean view , Infinity Swimming Pool and Sky Bar Lounge Area, Kids Club, European Class Spa concierge Service, 24 hour security and Valet Parking Cable T.V, Highly capacity elevators, Fully Equipped Fitness center, Business center, wireless internet, Mystic Getaways and Resorts Condo Hotel Operator, and an International Vacation exchange Program.

Acropolis Village will also consist of shopping and entertainment such as: sophisticated Architecture & Landscaping, Water fonts, Gardens, Walking Streets,& Terraces, Six Fine Family Restaurants, Movie Theaters, Bingo & Sports Books, FEC-Arcade (Family Entertainment Center), Bars, Lounges and Disco Clubs, Fashion Boutiques, Specialty Stores, Art Crafts & Jewelry Stores, Coffee Shops Services: Banks Drugstore and Convenience Store, Reservations are now being taken for the Acropolis Village and Lofts and Commercial area.

I personally recommend you take advantage of this opportunity. SBR Realty believes this project to be very important to the future of the overall development. We also see this as a tremendous opportunity to be taking advantage of a one-in-a life-time special purchase option with both a discount and priority selection. A large number of reservations have been confirmed already, do not miss this opportunity, and contact me today!
Again, thank you for your time and interest!

For the latest information, visit www.esmeraldaresortmx.com. For a FREE GIFT, contact Morris Jackson at: morris@sandybeachresorts.net, us Phone: 623-298-5048, cell 044-638-105-3132