The Pepper Group
Diversified

5845 N Calle Tiburon
Tucson, AZ 85704

(520) 977-0003


only ThePepper.com


 

The Pepper Group Diversified Proudly Presents

 

Tessoro at Las Conchas

 

520-977-0003/ 888-843-7375

 

More than a vacation home...a whole new lifestyle

 

Welcome to Tessoro at Las Conchas

Puerto Penasco, (Rocky Point) Mexico

 

Tessoro at Las Concahs

 

Definition of Tessoro at las Conchas lifestyle

 

Tessoro is not just another vacation home, it is a lifestyle that reflects the attitudes and values of a person and his family. As the Gate-keepers of the Morua Estuary, we have taken unprecedented measures to accommodate our owners with the highest levels of luxury, in a sustainable and green environment. We value a new lifestyle surrounded by plush green gardens, exclusive amenities and a thriving Eco-system.

 

Rocky Point Puerto Penasco Mexico

 

In addition to an advanced water filtration system that ensures the cleanest water supply in Rocky Point, Tessoro boasts a 16MB per second Wi-Fi and Voice Over IP phone system. All residences are equipped with energy efficient appliances and windows. Also in the spirit of the Green design, water is recycled for landscaping.  The architectural design is careful to fit into the natural landscape in a eco-sensitive design. All purchases come with special CEDO memberships and the development makes a donation to local conservation and sustainability efforts with each sale. Tessoro sponsored Puerto Penasco's first eco-map and works closely with local environmental groups and sustainable cooperatives.  We have an HOA liaison position with CEDO. We are the leading development in cutting-edge "green" strategies in the market.

 

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Breathtaking views, absolute privacy and luxurious features create an atmosphere for even the most sophisticated of travelers as a private elevator delivers you to the top of the world...

 

Tessoro at Las Conchas

 

 

Tessoro at Las Conchas

 

 

Tessoro at Las Conchas

 

Spacious open floor plans that are perfect for relaxing or entertaining

 

Tessoro at Las Conchas

 

Greatroom style living utilizing all areas and no space wasted…

 

 

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With just a few clicks of a button, the floor-to-ceiling glass walls disappear, bringing the outside environment right into your living room. Enjoy stunning views from EVERY area in your condo as you seamlessly blend indoor comfort with your outdoor terrace. All terraces and balconies in your new home on the beach includes seating areas and private stainless steel outdoor kitchen with unobstructed views of the beach and sea... overlooking natural tropical gardens and an inviting full bar palapa.                

 

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Outdoor living areas that welcome the sea breeze. Every unit has an incredible private terrace with beach and sunset views and Private Jacuzzi tub.

 

Tessoro at Las Conchas

  

Tessoro at Las Conchas

 

Tessoro at Las Conchas

 

 Tessoro at Las Conchas

 

Master Suites fit for royalty with floor to floor hand carved wooden doors which open to an opal alter separating suite from hidden and private master Jacuzzi tub.

 

Tessoro at Las Conchas 

 

Tessoro at Las Conchas

 

Each spacious bedroom in your condo has a private terrace with views that are breathtaking!

 

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Pampering has also risen to new heights in luxury real estate that includes bathrooms with many spa features that come complete with whirlpool, garden tubs for two (or more), Amber Onyx partitions that separate spa from huge master suite with views to entice.

 

Tessoro at Las Conchas

Tessoro at Las Conchas Tessoro at Las Conchas Tessoro at Las Conchas Tessoro at Las Conchas Tessoro at Las Conchas

Tessoro's Gourmet kitchens offer Luxurious features including large work/conversation islands, stainless steel "smart" appliances, plenty of hidden storage  in cabinets and drawers, full size walk-in pantry, private laundry room and expansive space for entertaining as well as our advanced water filtering systems that ensures the cleanest water and ice in Rocky Point.

 

 

  Tessoro at Las Conchas

 

Tessoro at Las Conchas Floor Plans:

 

  Tessoro at Las Conchas

 

RUBY

Ruby Floor Plan

Two bedroom & lock off condo
This two-bedroom-two-bathroom design has a spacious open terrace with a breathtaking view of the sea and a full, three-person spa tub. One of the unique features of all Tessoro condominiums is access via a private elevator that opens right into the living and dining areas, which are gently bathed in natural light from the terrace. The master bedroom has its own private spa tub, walk-in closet and twin vanities. The lock-off area is fully independent, with its own kitchenette and terrace with a view of the estuary. The unit includes a full kitchen and a laundry room.

Livable Space 1,754.84 sq. ft
Ocean View Terrace 417.81 sq. ft
Estuary View terrace 64.23 sq. ft
Total 2,236.89 sq. ft

JADE

Jade Floor Plan

Three bedroom condo
This three-bedroom-three-bathroom design has many of the superb features of The Ruby, including an open terrace and spa tub, plus the advantage of an additional full bedroom and bathroom: the perfect floor plan for a full family, or for a small one that wants to share these magnificent surroundings with friends.

Livable Space 1,754.84 sq. ft
Ocean View Terrace 417.81 sq. ft
Estuary View terrace 64.23 sq. ft
Total 2,236.89 sq. ft

DIAMOND

Diamond Floor Plan

From every angle this premium unit is unquestionably a delight. Every detail has been carefully designed to embrace its users and to comply with the exquisite needs of those who like to be pampered by the surrounding space.
This version consists of a 3 Bedroom wrap around ocean front unit, with ocean and estuary terraces and magnificent views. Each bedroom has been designed to provide access to the terraces, and to the SPA located on the main terrace off the master bedroom. Close to the main entrance a half bath will serve your guests and an owner’s closet will allow you to lock off personal gear. This 3 bedroom unit has a family room, living room, dinning room, a space for a cantina and a full size kitchen with GE Profile appliances.
Only twenty eight Diamond Units are available, fourteen on phase one and fourteen on phase four. Each unit has a choice of 3 different versions.

Livable Space 2,345 sq. ft
Ocean View Terrace A 782 sq. ft
Ocean View Terrace B 133 sq. ft
Total 3,260 sq. ft

 

PENTHOUSE

Tessoro at Las Conchas

From every angle this premium unit is unquestionably a delight. Every detail has been carefully designed to embrace its users and to comply with the exquisite needs of those who like to be pampered by the surrounding space.
This version consists of a 3 Bedroom Lock Off wrap around ocean front unit, with ocean and estuary terraces and magnificent views. Each bedroom has access to any of the terraces, and to the SPA located on the main terrace off the master bedroom. A half bath will serve your guests and an owner’s closet will allow you to lock off personal gear. This 3 bedroom unit has a family room, living room, dinning room, a space for a cantina and a full size kitchen with GE Profile appliances.

Livable Space 3,266 sq. ft
Wrap-Around Terrace 2,110 sq. ft
Ocean View Terrace 403 sq. ft
Estuary View Terrace 67 sq. ft
Total 5,846 sq. ft

 

Spa and Restaurant coming soon

 

Tessoro at Las Conchas - Spa

  

Amenities & Guest Services

General Amenities:

  • Private air conditioned elevators to individual condominiums
  • Key card access system, operates private elevators and other community features
  • Ocean and Morua Estuary Terraces, views from every bedroom
  • Sky Garden, Rooftop Lounge exclusive to Tessoro residents coming soon!
  • Infinity Pools
  • Ocean Front Pool-side Bar
  • Lobby & Sports Bar coming soon!
  • Tennis Court
  • Putting Green
  • Pet Playground
  • Yoga retreat
  • Beachfront fire pits
  • First aid center
  • BBQ Cabanas
  • 24 hour Gated and Staffed Entry
  • Underground Parking
  • 24 hour Camera Surveillance throughout the property
  • 24 hour Roving Security
  • Concierge Services
  • Convenience Store nearby
  • Business Center
  • Library with Book Exchange
  • Full Service Restaurant with Indoor/Outdoor Dining with Dine-In, Take-Out, or Room Delivery coming in summer 2010!
  • On-Site Property Management
  • Ocean View Fitness Center
  • Ocean View SPA coming soon!

Tessoro Exclusives - The Only development in Rocky Point to offer:

  • Private Air Conditioned Elevators to Individual Condominiums
  • Key Card Access System
  • Ocean and Morua Estuary Terraces, Views from every room
  • Sky Garden, Rooftop Lounge
  • Spa Tub and BBQ included on every Ocean Front Terrace
  • Long-Range Telescope included
  • 42" High Definition LCD Television included

Concierge Service

At Tessoro our concierge assists guests with various tasks like making restaurant reservations, arranging for spa services, recommending nightclubs, procurement of tickets to special events and assisting with various travel arrangements and tours of interesting places to visit in and around Puerto Penasco. Our staff is often expected to "achieve the impossible", dealing with any request a guest may have, no matter how strange, relying on an extensive list of personal contacts with various local merchants and service providers.

Wellbeing Center

Tessoro at Las Conchas - Well Being Center

SPA Tessoro


Tessoro at Las Conchas - Spa Tessoro

Owning Real Estate in Mexico

FAQ's

Tessoro at Las Conchas

Tessoro at Las Conchas

 

Tessoro at Las Conchas

 

USA 

About Financing a Second Home

Historically, because of a lack of mortgage finance and high Mexican interest rates, Mexican real estate transactions were made in cash. Today obtaining a loan for a beachfront condo in Rocky Point is a new world.

Over the past few years the real estate finance industry in Mexico has dramatically improved. American buyers now have numerous mortgage options from both Mexican and American companies, offering market interest rates and terms comparable to those in the United States.

Changes in Mexican finance laws coupled with the advent of U.S. title insurance policies covering Mexican property, numerous publicly traded U.S. companies, including GE Capital and Textron are offering mortgages to foreign property owners in Mexico. Furthermore, the stability and value of Mexican mortgages has recently pushed the industry towards a secondary mortgage market. This move will open up international financing resources to desirable mortgages at reasonable rates, which will provide excellent values for foreign investors who execute real estate purchases.

Financing and Title Insurance

Over the past few years the real estate finance industry in Mexico has dramatically changed. Historically, because of a lack of mortgage finance and high Mexican interest rates, real estate transactions and purchases in Mexico were made in cash.

Changes in Mexican finance laws, and the availability of title insurance policies and mortgages from American companies, have made purchasing property in Mexico a more attractive, familiar and stable process for American buyers. The stability and steady increase in value of mortgages for Mexican property has created favorable conditions for an industry push into the secondary mortgage market. This move will open up international financing resources to desirable mortgages at reasonable rates, which ultimately provide excellent values for foreign investors who execute real estate purchases.

Buyers have numerous mortgage and title insurance options from a slew of both private and publicly held companies (many of which are Fortune 500 companies).

The title insurance companies in Puerto Penasco, Rocky Point include – but are not limited to: First American Title Company (NYSE: FAF) and Stewart Title (NYSE: STC). [*Tessoro at Las Conchas holds a master title insurance policy for our property with First American Title Company]

Mortgage companies doing business in Mexico offer market interest rates and terms comparable to those in the United States. The companies operating in Rocky Point (Puerto Penasco, Mexico) include - but are not limited to: Finance North America; M&I Bank (NYSE: MI); Global Acceptance; and BBVA (of Spain). Many of these companies are backed by large U.S. financial institutions such as, GE Capital (NYSE: GE) and Textron Inc. (NYSE: TXT). The mortgage qualifying and application process (for American buyers) of these and other companies is nearly identical whether purchasing property in Mexico or the United States.

About Real Estate in Mexico

The Mexican real estate industry is similar in many ways to the highly advanced U.S. industry and continues to advance and develop. The real estate industry has been quick to take advantage of modern technology, paralleling the industry within the U.S. For instance, "Asociacion Mexicana de Profesionales Inmobilarios" or "A.M.P.I" is the largest national realtors association in Mexico and is quite similar to the National Association of Realtors (NAR) of the United States. The A.M.P.I. is expanding rapidly and regulates the industry, much like the NAR of the U.S.

Although the A.M.P.I. helps to regulate the real estate industry, there are currently no Government licensure laws regulating real estate brokerage and sales in Mexico. Anyone can, in effect, offer properties for sale in Mexico. Therefore, caution should be taken by potential buyers when preparing to purchase in Mexico. A potential buyer would be wise to check with the local Chamber of Commerce Associations, prominent law firm and/or seek references with regard to brokers and developments.

How can Foreigners own property in Mexico?

A common misconception is that foreigners cannot own real estate in Mexico. The likely source of this fallacy is misunderstanding and misinformation with regard to the "Restricted or Prohibited" zone.

Under certain conditions, non-residential property may be purchased and 100% owned by foreigners through a Mexican corporation. To accomplish this, the foreign-owned Mexican corporation must state in its by-laws that the corporation and its foreign owners accept and agree to be subject to Mexican laws, forfeiting their ability to invoke the laws of their native country. The real estate must also be registered with the Foreign Affairs Ministry as being used for non-residential residential activities. With those requirements met, a foreigner may directly acquire properties destined for tourist, commercial and industrial use.

The Mexican Constitution regulates ownership of land, and establishes the Restricted or Prohibited zone, and states,

within a zone of 100 kilometers along the border or 50 kilometers along the coast, a foreigner cannot acquire the direct ownership of the land.

This provision does not prohibit foreign ownership of land within this zone, but establishes that a foreigner or foreign corporation can obtain all the rights of ownership, but must do so through the use of a Fideicomiso or bank trust.

Purchase Process

Tessoro at Las Conchas strives to make your purchase with us as easy, hassle-free and rewarding as humanly possible-after all, happy customers are our best form of advertising.

To help make your purchase as smooth and worry-free as possible, our Sales Associates and Executives will help to educate you about purchasing in Mexico and will act as liaisons between you, your mortgage company (if you choose to mortgage) and the trust company of your choosing.

You can rest assured knowing that your purchase is being handled by Tessoro's professional staff with a wide range of professional and educational experience and knowledge in areas as diverse as law, American real estate, Mexican real estate, and land development (Foreign and Domestic).

Reservation Process

The purchase process with Tessoro at Las Conchas begins with either the execution of a "Reservation Form" or "Promise of Trust Agreement".

Tessoro offers all potential buyers the option of reserving a unit prior to executing the "Promise of Trust Agreement". Upon signing a "Reservation Form" and providing Tessoro with a reservation deposit, you will receive a "Promise of Trust Agreement" to review and sign. Your reservation deposit will remain refundable for a period of fourteen (14) days from the day your unit was reserved. Upon the fourteenth day (or any time before), if you return to Tessoro the signed copy of the "Promise of Trust" agreement, your reservation deposit will be applied towards your down payment and your purchase transaction will be considered "open". At any time before the end of the fourteenth day after signing the reservation form, if you decide not to proceed with the purchase, your check will be destroyed or returned to you-whichever you choose.


Promise of Trust Agreement
Your purchase transaction with Tessoro at Las Conchas will be "opened" after a written "Promise of Trust Agreement" (Offer to Sell and Purchase) has been reviewed and signed by both yu and a Tessoro representative. From the day of execution, you will have an agreed upon amount of time in which to make your down payment.

Notario Publico-Notary Public
A Notario Publico (Notary Public) is a Mexican government appointed lawyer who receives education, training and certification beyond that of regular Mexican attorneys. Notarios process and certify all real estate transactions, including the review of all real estate closing documents, insuring the proper execution and transfer of property.

In addition to their real estate duties, Notarios are also responsible for handling all powers of attorney, the formation of corporations, will, official witnessing, etc., and is responsible for the related collection of taxes.
In connection with real estate transactions, the Notario, upon request, receives the following official documents, which by law are required for any transfer of property:

  • A nonlien certificate from the Public Property Registry based on a complete title search.
  • A statement from the Treasury or Municipality regarding property assessments, water bills, and other pertinent taxes that might be due.
  • An appraisal of the property for tax purposes.

Closing Costs
Upon closing, the buyer is responsible for paying the transfer or acquisition tax (ISAI) as well as all other closing costs, including the Notario fees and expenses. The seller is responsible for paying capital gains tax (ISR) on the transaction.

The total closing costs for the buyer of Mexican property are generally between 3 and 5 percent of the price of the property, based on the highest amount of the following:

  • The amount for which the property is sold.
  • The value of the official tax appraisal (generally less than the sales value).
  • The value designated by the property assessment authorities.

"Escritura"- Official Deed
Normally, the Escritura or Official Deed is signed and certified by a Notario Publico or Notary Public when the balance is paid (by you or your mortgage company) and the property delivered. Generally, this process should take no more than 45 days.

Capital Gains Tax
The Capital Gains Tax in Mexico differs from that of the United States. In Mexico, the gain from the sale of property is considered as normal income and is taxed (without deductions or adjustments) at a rate of 35%. To determine the gain, the following costs and expenses are deducted from the official amount of the property sale:

  • The original land cost and the depreciated construction cost, based on the number of years the property was held, adjusted for inflation according to the official consumer price indexes.
  • Additions, modifications and improvements, but not maintenance, made on the property (construction), adjusted as above.
  • Commissions paid to real estate brokers by the seller.

The closing costs, including all expenses, taxes and fees paid by the seller.

The Notario will retain the calculated gain after deductions and forward it to the Ministry of Finance and Public Credit. The seller will then deduct this amount against his or her annual tax return, which becomes and adjustable tax credit in the U.S.
According to the IRS, if the seller has held the property as his or her primary residence, no capital gains tax is due.

What is a Fideicomiso?

A Fideicomiso is the equivalent of an American beneficial trust. Any foreigner or Mexican National can execute a Fideicomiso through a Mexican bank in order to purchase real estate anywhere in Mexico, including but not limited to areas within the Restricted Zone. To execute the Fideicomiso, the buyer requests a Mexican bank of his/her choice to act as a trustee on his/her behalf.

The bank then obtains a permit from the Ministry of Foreign Affairs to acquire the property in trust for the exclusive use of the buyer/beneficiary. The Fideicomiso is established for a maximum term of 50 years and can automatically be renewed for another 50 years and can automatically be renewed for another 50 years. During these periods, the foreign owner maintains all the rights of fee simple ownership, including the right to lease or transfer the title to any other party, including a pre-appointed heir or family member (thus establishing continuity of ownership in cases of will or estate plan execution).

Under a Fideicomiso, the bank is appointed as trustee and assumes full technical, legal and administrative supervision of the trust, with the task of protecting the interests of the buyer (beneficiary). As an added layer of security for the buyer/beneficiary, the Fideicomiso is not held by the trustee as an asset of the bank. Additionally, as a matter of law, during the period of the Fideicomiso, the foreign beneficiary is considered to be a Mexican National.

For many practical reasons, many foreigners as well as Mexican Nationals prefer to hold their property under a Fideicomiso, even in unrestricted zones.

Please contact Paula Sindelar and Federico Astiz for more information and tour dates!

 

Tessoro at Las Conchas

 

 

www.thepepper.com

paulasindelar@yahoo.com

520-977-0003 Office

888-843-7375 toll free

5845 N Calle Tiburon

Tucson, AZ. 85704

 

The Pepper Group™
Diversified Real Estate
5845 N Calle Tiburon
Tucson, AZ 85704
1-520-977-0003
Tucson Real Estate