A Surge in Luxury Residential Resort Development
The Pacific Mexican Renaissance
The Pacific coast of Mexico has seen a surge in luxury residential resort development since opening up to foreign investment. The Mexican government has made the coastlines north and south of the Bay of Banderas a priority, inaugurating the Nayarit Tourist Corridor, a coastal infrastructure mega-project north of Puerto Vallarta, financed by state, federal, and private interests. This plan is part of a proposal in the early ’90s for appropriate sustainable development of the region.
Punta de Mita and the Nayarit coast have seen tremendous growth in private development without much government nurturing. The low-density developments preserve the environment and create balance that is essential for the high-end coastal lifestyle that people dream about. Many active developments are along the north coast, and the properties are selling well.
The government hopes to keep the infrastructure growing to accommodate the increasing number of new homeowners. Services like electricity, water treatment, telecommunications, airports, highways, major hospitals, schools, commercial centers, a 150 slip marina, and a marine park similar to that of Xcaret will be completed. The idea is to dot the coastline with smaller, tasteful establishments, in the luxury boutique market.
The Mexican government has also changed some of the real estate laws, making it easier for foreigners to buy and develop property in Mexico. Many Americans have watched the values of their Mexican properties appreciate 10% a year in the past five years.
The area around Punta de Mita has seen the most exclusive luxury investments. The real estate has a restricted occupancy rate of as little as nine bedrooms per 2.5 acres to keep the number of landowners down and encourage the development of high-end living. La Punta Realty offers private home site lots and luxury villas on land valued as much as $2 million USD per acre.
In addition to the luxury resorts and breathtaking scenery, Mexico’s Pacific coast is also becoming increasingly known for its golf courses. The area boasts some of the best courses in the world, designed by renowned architects and set amidst stunning landscapes. Golfers can enjoy playing on courses designed by Jack Nicklaus, Greg Norman, and Tom Weiskopf, among others, all while taking in the beauty of the Bay of Banderas and the Sierra Madre mountain range. With new golf courses planned in the Punta de Mita area, the Pacific Mexican Renaissance is set to become an even more popular destination for golf enthusiasts.
Punta Mita has attracted top-notch architects to design its world-class resorts and residential properties. Some of the top architects behind the Punta Mita projects include Diego Villaseñor, Fernando de Haro, Jaime Barba, Juan Sordo Madaleno, and Elias Rizo. These architects have created stunning homes and resorts that seamlessly blend in with the natural environment while offering luxurious amenities and breathtaking views.
The Bay of Banderas is also becoming a premier golfers’ destination, with seven spectacular golf courses designed by some of the world’s top architects, including Jack Nicklaus, Greg Norman, and Robert von Hagge. The golf courses have turned Punta Mita, Puerto Vallarta, and the Riviera Nayarit into a whole golfing Mexican mecca. Premiere hotel branded developments, including the world-renowned Four Seasons Resort, the St. Regis Resort, the Rosewood Resort, and a Deepak Chopra spiritual retreat, all have their own residential villas and condo projects.
The Pacific Mexican Renaissance has seen tremendous growth in luxury residential resort development, and the Mexican government is making it a priority to maintain sustainable development of the region. The area around Punta de Mita has seen the most exclusive luxury investments, and the Bay of Banderas is becoming a premier golfers’ destination with its seven spectacular golf courses designed by some of the world’s top architects.
Whether you’re an avid golfer or simply looking for a luxurious escape, Mexico’s Pacific coast has something for everyone.