Russell Faulkner
Cochran Real Estate
Much of the recent real estate growth in Puerto Vallarta has occurred due to the increase in new developments and projects throughout the entire Bahia de Banderas area. There is literally something for everybody from starter condos with full amenities to oceanfront luxury villas in exclusive gated communities. It has given buyers the opportunity to buy and lock in at a discounted price and pay for the property over the course of the construction period. It is estimated that more than 80% of the real estate transactions that took place in 2006 were purchases of new-construction/pre-construction properties.
Cochran Real Estate has assisted many new construction buyers by having strong relationships with the development community. We do thorough due diligence on developers and developments before recommending them to our buyers. We know the track records of the developers and can steer our buyers through the various options and help them avoid risky situations. All of the reputable developers welcome brokerages such as Cochran Real Estate; therefore, it is in your best interest to have your own representation when negotiating with a developer here in Puerto Vallarta.
We would like to highlight some of the current offerings that we think are worth considering at this time. There are other options we can present to you as well. Please contact us.
- SIERRA DEL MAR – LOS ARCOS. This oceanfront luxury condo and villa project will be located on the south shore facing the Los Arcos island rock formations which will create stunning ocean views. High end finishes and an updated traditional Mexican style is what you will find here. The Osuna family is one of the most respected developers here, and are best known for the nearby Sierra del Mar gated community which is considered one of the finest developments in our area.
- AVALON / PARAMOUNT BAY. This development team has the “hot” label at this time. Octavio Lopez and his team previously developed the La Cima I, La Cima III and Horizon projects all of which were completely sold out before the projects were completed. His reputation comes from his record of delivering on-time and as-promised with American-style customer service. Buyers have responded favorably to his floor plans and view planes. A new beachfront project is being planned for Bucerias that we are already promoting as well.
- PUNTA ESMERALDA / ALAMAR / REAL DEL MAR. No pre-construction report would be complete without including Grupo Real del Mar. The Real del Mar project is a gated villa community that is superbly landscaped throughout and has a beach and beach club for use by all residents. It is located just north of La Cruz de Huanacaxtle and the new La Cruz Marina. So wonderful is this project that Exclusive Resorts was one of the first to buy into the project. The nearby Punta Esmeralda project is a mix of condos, townhomes, and villas that also is beautifully landscaped. Attractive prices and payment terms as well as location, amenities, and rental income opportunity has driven sales in this development. Alamar is the next gated community to be developed by Grupo Real de Mar and the current prices in this project are very attractive because it is very early in the process.
- PUNTA MITA. This is a very exclusive master planned development and a destination all to itself. Located at the northern point of the bay, it is a peninsula surrounded on three sides by nine and a half miles of pristine beaches. Punta Mita is one of Mexico’s premier resort communities. A stunning collection of real estate properties are distinguished by ocean vistas, 2 Jack Nicklaus Signature Golf Courses, rejuvenating spa services, an array of water sports, superb dining, residential concierge services and all of the amenities you would expect from a world-class resort destination. The Four Seasons Hotel and the new St. Regis Resort are the hotel partners in this development.