The Pepper Group
3865 E Via Del Verdemar
Tucson, AZ 85718
Puerto Penasco, Sonora Mexico
Rocky Point Real Estate
Puerto Penasco, Mexico, better known to those to the north as Rocky Point, Sonora Mexico is now the hot spot for tourism from Mexico and the USA. With millions of people able to drive within a few hours to the Sea of Cortez and Rocky Point, it is now the favorite vacation destination of thousands of people weekly. The Rocky Point talk among owners and investors here is "more people will visit and purchase property in Rocky Point this year than the last ten years combined." We believe this has already been surpassed. Property values are seemingly climbing monthly and lotteries are even held for investors wanting more here in Puerto Penasco, Sonora Mexico. We are going to show you the places and things that most people have never known or seen in this part of Sonora, Mexico. We are also going to show you where to rent, where to buy and where to enjoy your time here in Rocky Point.
Timeshare sales for the Mayan Palace in Puerto Penasco, Mexico have already gone beyond their other major owned properties in Cancun, Puerto Vallarta, Mazatlan and others. It is truly a "Sea Garden." Unbelievable large land investments are now available for the development of luxury vacation homes and resorts. Golf courses are springing up everywhere and soon to be at every major location. Laguna del Mar has completed their Nicklaus signature 9 holes of 18. Water and beautiful fairways are a trial and a vacation all in one. Complete with a club house, pro-shop, restaurant and bar, teaching facility and driving range.
Real Estate in Rocky Point, Sonora Mexico is going strong. With the ability to now own and live in Puerto Penasco, Sonora Mexico the values and investment earnings have been at an all time high. Large development companies have purchased land and built "Spa Style" resort condos that are still very affordable. Knowing where and how to buy real estate in Rocky Point, Sonora Mexico is important and we will guide you to the best opportunities.
This popular playground for Arizonans, known as "Rocky Point," is charging boldly into larger waters as a tourism destination. There are the new condominiums, timeshares and homes rising on the edges of the wide beaches; golfers playing the area's first course and stakes outlining future ones. "The proportional growth that's occurring in Penasco is outpacing Cancun, Puerto Vallarta and Cabo San Lucas," said Bruce Greenberg, a Tucson-based appraiser who is part of a real estate committee for the Arizona Mexico Commission.
While it remains largely a weekend town, Rocky Point appears headed for full-time, destination-resort status. With its ease of access from Phoenix and Tucson, better real estate safeguards and Mexico's mystique, the potential is big, experts say. It also helps that dollars are widely accepted and English widely spoken. Last year, 1.4 million people crossed the border at Lukeville, with 95 percent headed to Rocky Point, Sonora Mexico.
Some worry that the changes are diluting Rocky Point's charm, although for now its fishing heritage remains strong. Vendors in Old Port markets still fillet fish, ice down shrimp and tout "the best prices in town" across the street from vendors selling sombreros, sunglasses and T-shirts. The city's mayor says the town's charm is just evolving as new people arrive and longtime visitors change from partiers to parents to investors. It's all brought new money and jobs and helped diversify a market that had depended almost entirely on fishing. Now, he estimates tourism is upward of 70 percent of the economy.
On the real estate front, most of the new projects are condominiums, many of which owners rent like hotel rooms. Large master-planned communities that mix homes, hotels, condos, stores and golf courses are sprouting.
Some of the projects under way:
- Mayan Palace, an upscale 114-unit time-share resort that opened last year and that some say sets new standards for the area. The first of five new towers, with an eventual 608 additional units, is under way, and a golf course designed by Nicklaus is open. Developers have about 9,000 acres, and hope to nearly double that. The final vision? Nearly 2,000 time shares and 4,000 to 6,500 homes, plus villas, condos, and three more courses.
- Sandy Beach Resorts, offering condominium and home projects with names like Bella Sirena, Casablanca and Sonoran Spa, some of which are under construction and others brimming with owners and guests. Sandy Beach Resorts officials plan a 300-room hotel, golf and thousands more units in addition to the 2,200 there now.
- Laguna Del Mar, where nine holes of an 18-hole Jack Nicklaus course recently opened and homes are planned.
- Laguna Shores, a master-planned community set for homes and condos.
- Las Palomas, where work has begun on a golf course and a pad was poured for an 84-unit condo complex. The sales prices of the more than 100 sold so far ranged from $200,000 to $500,000.
This is a want market, it's not a need market. That lure has been powerful. Estimates of the market has Rocky Point, Sonora Mexico adding 1000 condos in five years. Prices are rising, two-bedroom condos on Sandy Beach that were selling for $150,000 in 1999 are exceeding $300,000 in 2004. Beachfront home lots selling for $140,000 in 1998 are $600,000 in 2004. Sandy Beach Resorts' projects alone could total $3 billion at build-out in 2025. In 2004 the current value of the foreign investment in Rocky Point is pretty close to a billion dollars. And the pipeline is filling up.
It's incredible. When visiting Rocky Point, one gets the feeling that you're on the edge of something really big. Please let us know how we can help you and your investment partners here in "Rocky Point" Puerto Penasco, Sonora Mexico.
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