Home Sales Soar at Punta Mita's Porta Fortuna Residential Resort
Phase one of new "Zen Casita" product sold out in pre-construction; New estates, luxury condos planned on 14 acres of prime ocean property
PUNTA MITA, Mexico--(BUSINESS WIRE)--The Porta Fortuna community in Punta Mita, Mexico, has experienced strong demand for its new product, "Zen Casitas" - selling eight pre-construction units at an average price of $1.5 million each this summer. Set on 14 acres of oceanfront property, Porta Fortuna's "Zen Casitas" are two-story, three-bedroom units with some 4,000 square feet of combined indoor and outdoor space.
Spaciously nestled between two golf fairways and the Pacific Ocean, the Porta Fortuna residential, resort enclave is styled with a blend of Italian, Mediterranean and Mexican architecture into one "Mexiterranean"-crafted oasis, offering the tranquility of a Zen, ultra-luxury lifestyle. Porta Fortuna is located within Punta Mita, a 1,500-acre, master-planned, luxury second-home resort community on Mexico's Pacific Coast.
With such strong buying demand for phase one, two additional pre-construction homes will be released from phase two this month, with a total of 14 Zen Casitas planned. In addition, plans are finalized to develop 6,000 to 8,000 square-foot, single-family beach- and ocean-front estates, and more than 30, 3,000 square-foot, three-bedroom luxury condominiums at Porta Fortuna.
Construction is set to begin on the eight Zen Casitas in September 2007 as part of phase one, with a completion date slated for the fourth quarter of 2008, said Cliff Damavandi, marketing director of Los Angeles/Puerto Vallarta-based Inspired Resorts, owner and developer of Porta Fortuna.
"Buyers were attracted to our Zen Casitas because of their large floor plans, an interesting architectural blend and excellent value compared to similar home sizes and oceanfront property in Hawaii and other high-end second-home destinations. They also liked the idea of buying a luxury second home in Punta Mita, considered to be a world-class, master-planned community with convenient access to nine-and-a-half miles of shoreline and beaches, beach clubs, golf, water sports, tennis and fine dining," said Damavandi.
As hands-on developers, Damavandi explains that he and his father personally meet their customers and are on-property the majority of the time to oversee Porta Fortuna's development. Inspired Resorts spans more than 40 years of experience in real estate development, renovations, financing and acquisitions, management and operations.
Well before Porta Fortuna's first eight units are completed and occupied, Damavandi says the property's 14-acre infrastructure and common amenities will be in place at the start of the winter 2008 season, including artistic access roads, detailed landscaping and a private resident beach club called Playa Fortuna, featuring a palapa-colored living room, a full-service restaurant serving gourmet food, joyous bar, sleek saline pool, swinging daybeds, comfy puff pillows, lounge chairs, a series of isolated nooks and popular social areas.
The Porta Fortuna Yacht Club, located at the edge of the Bay of Banderas, is slated to begin construction before the end of 2007. When completed, it will become a central gathering place for members living in each Punta Mita community. The Club will be built with a wooden pier and a fresh seafood restaurant and bar.
Any whole ownership residence at Punta Mita qualifies for membership in the private Club Punta Mita, which includes the existing 18-hole Jack Nicklaus Signature Golf Course, and access to the Punta Mita Residents' Beach Club and Tennis Club. Residents also have access to a complete array of services and activities through Punta Mita's Residential Concierge Services.
For more information on Porta Fortuna, contact the Punta Mita Properties Sales Center toll free from the U.S. at 888-647-0979; or visit http://www.portafortuna.info/ or info@puntamitaproperties.net.
Punta Mita's master-planned developer/owner, DINE has been at the forefront of large-scale, high-end commercial, residential and resort communities in Mexico. The company has experienced solid growth, with the most recent second quarter 2007 sales reaching $31.1 million, an increase of 50 percent, up from $20.8 million in second quarter 2006, mostly due to its luxury master-planned resort and residential community, Punta Mita. DINE has invested $150 million so far in the project's infrastructure.
A spear-shaped peninsula with nine miles of Pacific Coast shoreline, Punta Mita is surrounded on three sides by white-sand beaches and dramatic coves, features an 18-hole Jack Nicklaus Signature golf course, with a second Jack Nicklaus Signature golf course and a St. Regis Resort and Residences slated for completion in early 2008. The property also boasts a Four Seasons Resort, a private Residents' Beach Club as well as several other villa, condo and private home residence projects planned or under development.
For more information on Punta Mita, contact the Punta Mita Properties Real Estate Center toll-free from the U.S. at 888-647-0979; or visit www.puntamita.com.mx/ or info@puntamitaproperties.net.
2 comments:
My husband and I are in the midst of a stand off between purchasing investment property in either Mexico or Costa Rica. He found a website called www.buysafecostarica.com and swears that it's a reputable place to purchase a home. I on the other hand have my heart set on Punta Mita. Your article is helpful in proving my argument that it's a valuable area but do you know of any websites which list a variety of properties that are located there?
Costa Rica is definitely a good place to consider buying a home, but I'm partial to Punta Mita. Here is a site you can try:
http://www.playamitarealty.com/
If you send me an e-mail (elizabeth@mexquestmortgage.com), I can send you a list of reputable agents in the area as well as new developments.
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