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The Blogs on this page are based on the experience of years of experience in the Rocky Point real estate market. Most of articles, blogs or letters are written by Kent White, AMPI President Puerto Peñasco.
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A recently reduced price on a condo in Puerto Penasco's Princesa Resort is truly worth noting. Just try to find any livable real estate literally sitting on the beach for less, anywhere! What's more this attractive unit is totally furnished and is in a very popular resort community right on Sandy Beach. Princesa B 505 is a special bargain that is priced lower than ANY other known condos within ANY beachfront communities for hundreds of miles.
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This Princesa condominium is priced to sell @ $125,000
It has wonderful views down Sandy Beach towards the Old Port and also straight out to the beach and beautiful Sea of Cortez.
For more information see attached flyer or click on the link below... Flyer SANDY BEACH ROCKY POINT, MEXICO CONDO
More PRINCESA B 505 INFORMATION
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In the beachfront community of Rocky Point, (Puerto Penasco) one hour south of the US border there lies some amazing values. Because the world economy has many property owners seriously motivated, savy investors could end up with properties priced far under true market value. One example of the investment potential of Rocky Point's real estate market is in the highly sought after beach front development of Las Conchas. This bargain is worthy enough to mention in any investment discussion. I do not believe that there has been a beachfront lot in Las Conchas listed below $500,000 for several years, let alone a livable beachfront condominium. The condo I refer to is in the Las Olas beachfront section in the middle of this mostly US owned community
This $275,000 condo is in the high demand section of Las Olas.
BEACHFRONT CONDO FLYER
MORE INFORMATION
$275,000 for a LAS CONCHAS BEACHFRONT CONDO
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Las Conchas, Puerto Penasco/Rocky Point - Announcing a price reduction on 09-Las Olas, a 1,100 sq. ft., 2 bath, 2 bdrm single story. Now  MLS® $275,000 USD - Cheaper than Sand. Property information
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Rocky Point, Puerto Peñasco, Mexico, has been on an unbelievable ride. We have seen a little fishing town turn into an investor’s paradise with thousands of condo’s rising from the sand at a record pace, then a sudden halt because of bad press and equally poor economies. Now with adjustments being made regarding values, we have shifted into an unprecedented buyer’s market. When the condos were going up, the words said to Kevin Costner in The Field of Dreams, “Build it and they will come”, summed it up, and our seller’s market was in full swing. Now with the world economy shifting and so many people really needing out, the morph is on, and some of the best investments in Rocky Point real estate history are available Real estate in Mexico is as promising an investment as most any in the world. However, just like any investments, it is important to know what you are getting involved in. There are dynamics associated that separate each individual case. An investor must make sure that his agent asks the right questions and understands his specific needs. For example, if a property is not yet built there is a different set of risk verses reward questions that come into play. Now, in a market where many seller’s are in what some call fire sale mode, there is a huge opportunity to invest pennies on the dollar and come out way ahead. It is very important to pick a company and an agent with a background of success. Realty Executives and Kent White have proven themselves all along Sonora’s “Golden Coast”. As President of the Puerto Penasco AMPI chapter, Kent was instrumental in the development of the licensing process now an enforceable law in the state of Sonora and it is expected to spread throughout Mexico's real estate industry. This wonderful milestone will help AMPI raise the bar when it comes to accountability and trust of process. Realty Executives has represented investors from El Golfo to San Carlos / Guaymas, but specialize in areas like Santo Tomas to Rocky Point. They've helped hundreds of buyers and sellers achieve their goals. From condos on Rocky Point’s Sandy Beach, houses in Playa Encanto, or Las Conchas, investment parcels along the coastline or simply checking the security of a title, Realty Executives Rocky Point can handle the task. Remember, You can enjoy your investment portfolio on the Sonoran beaches.
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Pinacate, Sandy Beach - Announcing a price reduction on 418-Pinacate, a 1,100 sq. ft., 2 bath, 2 bdrm single story. Now MLS® $164,000 USD - Under priced & terms. Property information
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April Report from our AMPI President
Kent White Realty Executives A.M.P.I. President realtyexecsmexico.com In the ever cyclical world of economics we certainly see the seasons change. This is evident especially as it refers to real estate. Many people, sitting there with their glass half empty continue to refer to our stage in the cycle as the Fall or Winter. However, as we have seen by recent indicators, the excitement is here. In Rocky Point’s market, those who look past what the press from the north tells us, continue to do well. Agents and buyers alike that don’t see the doom and gloom see the potential of a shifting market. Let’s face it, as it applies to Real property there are two markets, buyer’s markets and seller’s markets. Sure we saw some hard times for awhile, this is what is called the correction period. We needed it. We had a fever during the initial boom that laid the foundation for our long term growth period. Economists still see Puerto Peñasco as one of the fastest growing, and long term growth destinations in Latin America. All of the studies done on both sides of the border by different experts on our specific market agree we are destined to be an international powerhouse. None of them said the chart would be a straight upward line. With the same logic, we should not expect to follow the same curve as the United States. We are a second home community and an investment community. Many of the baby boomers with the notion of retirement in their sight still see the need to invest, and this is a great time to invest as there are many deals to be found. Many people that have the fortitude to buy a second home are not affected by the issues that have used up so much ink in the papers lately. And some that overbought need out. Rocky Point’s resale market right now has numerous condos, houses and land listed at below their true value. This is not to say that everything is priced to sell, but with proper representation and patience, now is a great time to learn what is available and understand that there are special deals popping up everywhere. Resort communities do not reflect the same dynamics found in markets of need. Many of us that took the ride for several years understand the market was in its infancy, as a highly attractive resort community with beaches that hold their own against any comparable destination. In a booming economy both buyers and sellers are happy, with fresh new products unveiled monthly. Unfortunately, because the wave was so fast and furious many surfers saw the wrath of the wave’s downturn. The wave was building so fast and developers saw no reason to level out prices since the buyers kept coming. Some less rooted investors that may have gotten in late have reasons to get out. This created the buyers market that many savvy investors are taking advantage of now. The excitement is here, and deals are being made. Right now the resale market is showing huge promise, and professionals in the know are feeling the buzz. When looking at the big picture one must only look at what Rocky Point has coming, to understand the future is just beginning. This is obvious by the time and money the officials are investing here. Janet Napolitano and Arnold Schwarzenegger and all of the other governors from the border states of the US and Mexico did not choose to meet here because it was convenient. The Coastal Highway and the Airport are soon to be a reality. The Municipality is paving more roads than ever before. The Marriott Hotel group has introduced The Peñasco Bay Towers, a 28 story 265 room four diamond hotel. This alone would certainly add to the international attention. Recently, Sonora authorities and Federal authorities met with the decision makers of several cruise lines, including Carnival and Holland America to fine tune the plan for future cruise lines to include Puerto Penasco in their itinerary. Epifanio Salido Pavlovich introduced the proposed Cruise ship route through the Sea of Cortez, which includes the creation of a terminal in Puerto Peñasco. "Soon we will have the visit from the delegation and the Florida Caribbean Cruise Association for Puerto Peñasco to revise the draft as Home Port and Guaymas to see the progress of infrastructure that is taking place at this time, as well as tours yet to be defined, and training for health care providers in the locality," he explained. With all of this and so much more, we will be a preferred destination for tourists and investors alike for many years to come. The Spring is here, and we are still in our infancy. This market will not be crashing anytime soon. In fact economies not scared by the media have continued to look for investments in this paradise some of us call home. Canadians and many Mexicans from around the country as well as those living in the US are looking this way for the bargains. It is important for investors to find reputable representation that will educate them through the research stage as there is a wide variety of options; Good and bad. In a time considered to be a buyers market there is a surplus of inventory. The available condos, homes and land are so diverse that you need a seasoned representative. There are plenty of agents in this town with credentials you can trust. If an agent is an AMPI member, for example, he or she is a state recognized, licensed agent. The most important thing that a buyer or seller gets with an AMPI affiliated agent is accountability. This accountability will make the difference between you looking back and knowing you found one of those bargains, or one of the many less than adequate outcomes that happen to would be investors everywhere. It would be irresponsible to stress that if one doesn’t jump now they’ll miss the buyers market. But it could also be wrong to think that this market is going to keep sliding for a long time. Even in the US market of today savvy investors are currently buying, hence the term buyers market. |
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BABY BOOMERS LOOK TO ROCKY POINT FOR RETIREMENT |
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Everyday more people join the ranks of retirees living like royalty on tiny budgets in Mexico. Mexico is the preferred location for Americans living abroad. Twenty five percent or one million of the four million Americans living abroad live in Mexico and why not! You can trade in your suburban home in the U.S. for a seaside estate south of the border, live in elegance with beautiful expansive views in a relaxed lifestyle. In Mexico, you can easily afford the help that makes this style of living easy.
By 2011 the first wave of baby boomers will retire, that’s approximately 78 million people. Most of these retirees can modestly retire in the U.S., or live amazingly better in Mexico. Currently there are 25,000 North Americans retiring each year. Rocky Point is expected to be one of the leaders in Mexico’s growing retirement migration destinations. One of the attributes that is credited for these numbers is that its relaxed and refreshing atmosphere is so close to the border. As investors consider what is important for them in retirement, the proximity to the border is important. Accessibility to an airport, ease of doing business, communication and infrastructure are also important considerations. Because the number of retirees is soon to grow exponentially and many will be migrating south, a recent study was done to analyze the demands, travel habits and perceptions of Mexico as a tourist destination in Americans over 50. The study was conducted by the Council for the Promotion of Tourism for Mexico. The list below is what was deduced, and is partly why so many savvy investors are looking here now. 1 The cost of living is lower 2 The weather is better, escaping cold climates 3 The economic and political climates are stable 4 Healthcare is excellent and affordable 5 English is widely spoken 6 Foreigners can own, buy, and sell property 7 Its close proximity to the U.S. 8 A mix of varying activities from passive to more vigorous 9 Share differing cultures, people and art 10 Beauty of surroundings 11Reliving previous satisfactory experiences If anybody is even considering investing in a retirement community, home or destination, they just need to spend a little time here in Puerto Peñasco to realize this is it. With beautiful beaches, sunsets and so much more visual candy, coupled with the lifestyle opportunities here, this little town is simply inspiring. The research involved in making the most important decision for your retirement is so simple. Come to Puerto Peñasco, take your shoes off and stroll on the beach at sunset. But then realistically spend a little more time here, talk to people who live here and enjoy your homework. While pondering these findings and understanding that the numbers about to retire are staggering, it is no surprise that the Marriott hotel group is investing millions here. This in itself is worth noting. The Marriott hotel group does not jump into a new market without serious studies on long term growth and market potential. The Federal government of Mexico is positioning itself with a Cruise ship home port expected to host cruise lines like Holland America, Princess and Carnival. President Calderon has stated that Puerto Penasco is the most important touristic port in the countries northwestern region.
The International Airport and the Coastal Highway connecting us with the Baja and California are both investments in our future that would not be done without serious deliberation.
Another important consideration drawing retirees is of course healthcare. While Mexico’s healthcare continues to gain respect its northern neighbor’s healthcare is, well, out of control. The U.S. health care system is out of reach for millions of Americans… Carlos Slim, Mexican business magnate and richest man on the planet has partially staked Grupo Star Medica, a Mexican national hospital chain. Plans are underway for new, high-quality medical centers in Mexico to cater to U.S. baby boomers who are buying second homes in Mexico…or who simply want to come to Mexico for cheaper health care than they can find in the United States. Companies like Grupo Star Medica are filling niches created by those new homeowners and vacationers. Baby boomers are also choosing Mexico because its health system is much cheaper than in the United States. Plans are also underway to get more U.S. private insurance companies to pay for medical treatment in Mexico. ''For a U.S. insurance policy to pay for medical treatment, the treatment has to comply with certain quality control standards, and we are going to participate with products to serve this niche,'' said Jaime Jimenez, general director for Mexico Trane, another company following Slim’s lead.
There are 40 million Americans that can’t afford health insurance; therefore there is a need to outsource it. For years thousands of Americans have come to Mexico for affordable dental work and elective surgical procedures. You may have heard, “Ignore your teeth, and they will go away.” Well, the United States has neglected health care reform for so long that its users really are going away…to Mexico!
It is not hard to live a great life for well under $20,000 a year including rent or a mortgage; in fact some are doing so with live in caregivers. Everyone’s lifestyle requirements are different. It’s possible to rent a place on the beach for under $1,000 a month. If you don’t need cable TV or Internet, you can save on those expenses. If you like to go out to eat frequently, like to travel, play golf, scuba dive, etc., you will obviously spend more money—but still, much less than you would for a similar lifestyle in the U.S. We are seeing a number of gated communities rise out of the sand. Many of these communities have all the characteristics retirees have come to expect in the states and with a more affordable price. These communities have varying levels of activities on sight, like recreational rooms, fitness centers, walking trails, BBQ areas and so on. There are truly comfortable condominium projects, and even single family homes in secure neighborhoods priced just over $100,000, some within walking distance to the beach. Most projects also offer developer financing. This is where it is important to talk to a credible real estate professional. It would be ill-advised to come down and simply trust that all developments are safe, secure investments. Just like in the states, there are precautions that must be considered. Mexico now has a National Association of Realtors, and we are affiliated with NAR in the US. We are held accountable, and we are AMPI. AMPI is Mexico’s National Association of Realtors. There is a buyer’s checklist provided by AMPI that consists of questions to ask in order to protect buyers. If an agent is an AMPI member, he or she is licensed to sell real estate in Mexico, accountable, and has access to the MLS. Many baby boomers are looking ahead and investing in their future retirement homes. Right now with the buyers market a reality, there is a great opportunity for those with the foresight to really set up for a great retirement. Anyone that has witnessed the growth explosion here remembers that less than 10 years ago there was nothing but sand on Sandy Beach. In the Summer time a few years back there weren’t three restaurants that had air conditioning. Now one could comfortably dine out at a different establishment every night. In a few years Rocky Point will have all the conveniences retirees could ever want, and they can still drive a few hours north to see the grandchildren. The author of this article is Kent White Realty Executives Rocky Point AMPI President kentoblanco@gmail.com |
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Hidden treasure
• 2,000 sq. ft., 3 bath single story -  MLS® $540,000 USD - Unbelievable deal Santo Tomás, Sonora - This amazing bargain is a rare find. It is a three bedroom home that sits right next to the beach access within the tranquil community of Santo Tomas, where the beaches rival any sandy beach in the world. The premium lot this home sits on, today would cost over $400,000 and building costs have surpassed $100 per square foot. This home is just over 2,000 square feet with space to add on. There is drinkable water, electricity and clean transferable title throughout the community. The Santo Tomas community is, and always will be a quiet, low density, peaceful community. This truly is a wonderful investment opportunity. Property information
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Santo Tomas, Eastern Beaches - Announcing a price reduction on 3- BDRM-Estrella Las Dunas Condo, a 2,098 sq. ft., 3 bath, 3 bdrm single story. Now MLS® $395,000 USD - Phase one pricing. Property information
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April Report from our AMPI President
Kent White Realty Executives A.M.P.I. President In the ever cyclical world of economics we certainly see the seasons change. This is evident especially as it refers to real estate. Many people, sitting there with their glass half empty continue to refer to our stage in the cycle as the Fall or Winter. However, as we have seen by recent indicators, the excitement is here. In Rocky Point’s market, those who look past what the press from the north tells us, continue to do well. Agents and buyers alike that don’t see the doom and gloom see the potential of a shifting market. Let’s face it, as it applies to Real property there are two markets, buyer’s markets and seller’s markets. Sure we saw some hard times for awhile, this is what is called the correction period. We needed it. We had a fever during the initial boom that laid the foundation for our long term growth period. Economists still see Puerto Peñasco as one of the fastest growing, and long term growth destinations in Latin America. All of the studies done on both sides of the border by different experts on our specific market agree we are destined to be an international powerhouse. None of them said the chart would be a straight upward line. With the same logic, we should not expect to follow the same curve as the United States. We are a second home community and an investment community. Many of the baby boomers with the notion of retirement in their sight still see the need to invest, and this is a great time to invest as there are many deals to be found. Many people that have the fortitude to buy a second home are not affected by the issues that have used up so much ink in the papers lately. And some that overbought need out. Rocky Point’s resale market right now has numerous condos, houses and land listed at below their true value. This is not to say that everything is priced to sell, but with proper representation and patience, now is a great time to learn what is available and understand that there are special deals popping up everywhere. Resort communities do not reflect the same dynamics found in markets of need. Many of us that took the ride for several years understand the market was in its infancy, as a highly attractive resort community with beaches that hold their own against any comparable destination. In a booming economy both buyers and sellers are happy, with fresh new products unveiled monthly. Unfortunately, because the wave was so fast and furious many surfers saw the wrath of the wave’s downturn. The wave was building so fast and developers saw no reason to level out prices since the buyers kept coming. Some less rooted investors that may have gotten in late have reasons to get out. This created the buyers market that many savvy investors are taking advantage of now. The excitement is here, and deals are being made. Right now the resale market is showing huge promise, and professionals in the know are feeling the buzz. When looking at the big picture one must only look at what Rocky Point has coming, to understand the future is just beginning. This is obvious by the time and money the officials are investing here. Janet Napolitano and Arnold Schwarzenegger and all of the other governors from the border states of the US and Mexico did not choose to meet here because it was convenient. The Coastal Highway and the Airport are soon to be a reality. The Municipality is paving more roads than ever before. The Marriott Hotel group has introduced The Peñasco Bay Towers, a 28 story 265 room four diamond hotel. This alone would certainly add to the international attention. Recently, Sonora authorities and Federal authorities met with the decision makers of several cruise lines, including Carnival and Holland America to fine tune the plan for future cruise lines to include Puerto Penasco in their itinerary. Epifanio Salido Pavlovich introduced the proposed Cruise ship route through the Sea of Cortez, which includes the creation of a terminal in Puerto Peñasco. "Soon we will have the visit from the delegation and the Florida Caribbean Cruise Association for Puerto Peñasco to revise the draft as Home Port and Guaymas to see the progress of infrastructure that is taking place at this time, as well as tours yet to be defined, and training for health care providers in the locality," he explained. With all of this and so much more, we will be a preferred destination for tourists and investors alike for many years to come. The Spring is here, and we are still in our infancy. This market will not be crashing anytime soon. In fact economies not scared by the media have continued to look for investments in this paradise some of us call home. Canadians and many Mexicans from around the country as well as those living in the US are looking this way for the bargains. It is important for investors to find reputable representation that will educate them through the research stage as there is a wide variety of options; Good and bad. In a time considered to be a buyers market there is a surplus of inventory. The available condos, homes and land are so diverse that you need a seasoned representative. There are plenty of agents in this town with credentials you can trust. If an agent is an AMPI member, for example, he or she is a state recognized, licensed agent. The most important thing that a buyer or seller gets with an AMPI affiliated agent is accountability. This accountability will make the difference between you looking back and knowing you found one of those bargains, or one of the many less than adequate outcomes that happen to would be investors everywhere. It would be irresponsible to stress that if one doesn’t jump now they’ll miss the buyers market. But it could also be wrong to think that this market is going to keep sliding for a long time. Even in the US market of today savvy investors are currently buying, hence the term buyers market. |
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MEXICO IS WATCHING PUERTO PENASCO REAL ESTATE March report from our AMPI President
In Mexico City I recently had the opportunity to meet with AMPI presidents from around the country. There were approximately 500 representatives in attendance at this convention and swearing in ceremony for association presidents. It was apparent that all of Mexico’s real estate professionals are paying attention to Sonora and specifically Puerto Penascos’ successes. Each state soon will be working to follow suit with the licensing process Sonora has mandated for all agents. Everyone I listened to commented that the efforts we are pioneering are inspiring officials throughout Mexico, because with licensing, we will be able to enforce accountability. We are gaining huge momentum not only in the respect from Mexico’s federal government but throughout the international real estate world because of our commitment to higher standards and accountability. AMPI national is very interested in learning from what we are doing.
We have established a Sonora Committee of AMPI presidents that has begun to research the possibilities of creating a pool of AMPI certified instructors that can help us with continual education in order maintain the highest of standards. We agreed to create a committee within AMPI where agents representing coastal cities, can discuss issues relative to their specific needs, such as Federal Zone issues and Fiedecomisos.
In Hermosillo, AMPI presidents from Sonora recently met and shared some great ideas. We will continue working together because the licensing process affects all of us. We discussed how we can together make it as beneficial as possible. It was agreed upon that the enforcement part of the process needed to be addressed as soon as possible and that AMPI should assist the state with mandates of compliance as well as the obligation only work with those complying with the law. Leaders from Hermosillo, San Carlos, Guaymas, and Puerto Penasco all then met with the Secretary of Economy of Sonora and had an inspiring dialogue. We were invited to share our concerns with Lic. Rodolfo Elias Calles, Sonora’s representative in charge of the Real Estate licensing process. I enjoyed this meeting because he listened, he cared and he respects our experience and welcomes our assistance in the betterment of our profession which helps us protect our buyers and sellers. We all left the meeting certain that we were on the right path, and that together we really can make a difference. Licensing is a giant step towards maintainable ethical standards. The diplomado course is the educational arm of the process. This state sponsored course is intended to provide actual and current technical and administrative skills to participants allowing them to improve their performance in real estate activities. It analyzes the legislation of both the federal and state judicial dispositions regarding Real Estate property, as well as covers issues pertaining to taxation, city development, appraisals, trusts, sales strategies, and ethics in the real estate field. The instructors are all national leaders in their respective professions, and came from all over Mexico. This class has forced 40 agents at a time to sit in a classroom for 109 hours and grow together. It has created such a unity among the agents that a movement started to align two real estate associations in Rocky Point. As of today we have had many meetings with the leaders of both groups. Our efforts have changed from better ways of working together to actually starting the process of becoming one organization. I believe this synergy was advanced by the friendships started within the diplomado classes.
The two real estate associations that exist in Rocky Point are both based on the values of high ethical standards and accountability. However, if two associations have similar agendas yet do not communicate properly, they are not working as effectively as they can. AMPI is Mexico’s National Association of Realtors and PPREA (Puerto Peñasco Real Estate Association) is an association of local professionals. We each have our own “Multiple Listing Services”, like systems, and we both understand the need for one source of information to better serve our clients. Both have done well in their quests. However, it is understood by all, that the need for one association is best for members and the real estate community as a whole. Together we can make a difference.
It is our position that any person who receives income based on commissions from sales of real property should be held liable for their actions under the law as it is applied to licensing and the standards that we represent. A realtor is one who has been approved by the National Association of Realtors. (Now International Association of Realtors) AMPI members are allowed to call themselves Realtors, which is a protected brand, not thrown around loosely. Our members will only work with other professionals in compliance with the laws of Sonora. The value to a buyer and seller is in the accountability factor.
Kent White Realty Executives A.M.P.I. President |
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• 2,836 sq. ft., 2 bath, 2 bdrm single story - Santo Tomas, Eastern Beaches - The Estrella Las Dunas Condominium project 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. The Estrella Condos are a welcome, new dimension to the Santo Tomas experience. We invite you to take a look and visit, then let us know how we can assist you to become part of our community. Kent White Realty Executives
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 AMPI, the most widely accepted real estate organization in all of Mexico has made phenomenal progress here in Puerto Peñasco. This internationally respected association of real estate professionals officially became a reality last March and has already become one of the largest associations of any kind ever in Rocky Point with over 100 members. Our local chapter has representation from all of the major real estate companies that operate in and around Puerto Peñasco.
AMPI, having the full endorsement and cooperation of the federal government has the ability to regulate and oversee the ethics of its members. Only credible licensed realtors with continual AMPI approved educational courses can maintain membership of this organization. It is this proactive entity that will take the real estate industry into the future. The timing could not be better for the positive development of a town that is expected to be one of the hottest resort communities in this hemisphere. Economists from Mexico City have projected our growth explosion to continue for years to come. These expectations are based partially on the fact that we have experienced such astounding progress on drive in traffic alone. The international audience is just starting to look our way with the official announcement of the approval of the Puerto Peñasco Airport, the Coastal highway to be completed in the very near future, connecting us to California, and the Nautical ladder which will encourage more oceanic tourism like small cruise ships. Rocky Point has seen a housing boom rarely seen before anywhere in the world. Ten years ago there were no condo projects with more than 100 units. In 2000 there was only one project of any large scale. This changed in 2001. Now Sandy beach alone has over 1,600 condos sold, and over 30 condo towers are in some stage of vertical development. Several towers were sold out in a matter of hours. One tower sold its 109 units in 3 hours and another, 114 in 4 hours. Condos seem to be the most sought after investment properties going in today’s market, partially due to the low maintenance and ease of rental income. Many condo owners boast amazing financial returns in the short term “Rental pool” market. A new concept gaining popularity by a huge market segment is interval ownership. This is not time share. Interval Ownership, also known as fractional ownership or equity share is a practical concept, which offers the opportunity to own a fully furnished home at a fraction of the cost of purchasing an entire second home. Each purchaser as a shareholder owns an exclusive interest in a home and is entitled to occupy the unit each year for the time interval purchased. There are several large scale developments exclusively marketing this concept. With newly available mortgage money at reasonable rates more and more people are able to take advantage of the current growth explosion we are experiencing. Others are turning self directed IRAs into real estate investments. Some people have chosen to split ownership on properties with friends, family members or other investment groups. If one truly wants an investment that they can enjoy, Puerto Peñasco is becoming a simple alternative to the less than predictable stock market. It is very important to work with a reputable real estate professional, as bad investment council can haunt individuals throughout their investment period. The information is out there, and good sound advice is available. The unprecedented investment potential can be achieved, but it is so important to seek the advise of a real estate professional that has the training and the ethical standards that AMPI ensures. Rocky Point is a great place for anyone interested in owning a second home or a secure investment that allows staying at, and enjoying their own portfolio.” Kent White Realty Executives, Sonora kentoblanco@gmail.com President AMPI, Puerto Peñasco |
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SANTO TOMAS, SONORA’S BEST BEACHFRONT SECRETThere are many communities south of Puerto Peñasco that are drawing attention. Most of these developments will show great returns for those who do their proper homework. One that is arguably leading the pack is Santo Tomas. Santo Tomas is happening now. 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. There are about 20 homes completed and many more in the planning stage in section one. More than two-thirds of the 121 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. Aguila is the newest community at Santo Tomas. Nestled on the base of the dunes southwest of Las dunas section two, Aguila will be comprised of three phases. The first phase, which will be available for pre-sales soon, will consist of 107 homes. Aguila will offer new possibilities at Santo Tomas, with beautifully designed homes ranging in price from $125,000 to $300,000, (Including the lot!) For the first of time they are offering a complete lot and home package with 11 different models available. Homeowners will be able to select from innovative home designs that combine comfort and value with the spectacular views of Santo Tomas. Homes range in size from just under 1000 to over 2600 square feet, and will be similar in look and feel to existing homes in Las Dunas. Aguila will offer its residents a variety of amenities. A community pool, picnic areas, barbecue grills, walking paths, HOA, and easy beach access are a few of the features that are planned for this community. Aguila will follow in the Santo Tomas tradition of environmentally sensitive design and construction. 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. Article by Kent White SPECIAL DEALS IN SANTO TOMAS READ COMPLETE ARTICLE
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