Comments on: To invest or not to invest in Mexican real estate? http://foothillshomesblog.com/investing-in-mexican-real-estate/ Tucson Real Estate | Catalina Foothills Homes for Sale | Luxury Estates and Foreclosures | Tucson, Arizona News, Information and Things To Do. Wed, 25 Aug 2010 12:47:16 +0000 hourly 1 By: Jim Johnson CRS http://foothillshomesblog.com/investing-in-mexican-real-estate/#comment-3657 Jim Johnson CRS Mon, 28 Jul 2008 04:19:27 +0000 http://foothillshomesblog.com/?p=60#comment-3657 Mexico looks inviting! Nice blog! Mexico looks inviting! Nice blog!

]]> By: Anjelina http://foothillshomesblog.com/investing-in-mexican-real-estate/#comment-3627 Anjelina Fri, 25 Jul 2008 22:39:15 +0000 http://foothillshomesblog.com/?p=60#comment-3627 Dear Veronica and Jim, The beach in Rocky Point is really beautiful and of course it is very compelling to own a "piece of it". Thanks to your comments, I was encouraged to do additional research and figure out the current state of Sandy Beach real estate. Here is what I found: 1. 9th Story Views, Las Palomas- $275,000 USD Listing #: n/a Magnificent new Condo on the pristine beaches of Playa Vista. Stunning outdoor patio & views with access to all bedrooms, travertine floors, granite countertops and interior decorating. Bed: 1 Bath: 1 Sq Ft: 1050 2. Sandy Beach Resorts (Puerto Penasco), "Lowest$ 1 Bedrm OceanFront in Las Palomas" - $294,000 USD MLS® #1135670 Address: Las Palomas Cordoba 502 Size: 1139 sq. ft. Style: Single Story Type: Condominium City: Puerto Penasco/Rocky Point Bedrooms: 1 Bathrooms: 1 3. Sandy Beach, Sonoran Sun One Bedroom - $329,000 MLS # 610E Type : Condo Bedrooms : 1 Bathrooms : 1 4. Sandy Beach Resorts (Puerto Penasco), "Fantastic Views of Sea and Old Port", "Great Opportunity" - $345,000 USD MLS® #1135685 Address: Las Palomas Cordoba 905 Size: 1139 sq. ft. Style: Single Story Type: Condominium City: Puerto Penasco/Rocky Point Bedrooms: 1 Bathrooms: 1 5. Sonoran Sea (Puerto Penasco/Rocky Point), "Cash or Terms!" - $359,900 USD Size: 1000 sq. ft. Style: Apartment Type: Residential City: Puerto Penasco Bedrooms: 1 Bathrooms: 1 6. Sandy Beach Resorts (Puerto Peñasco), "Price to go", "Lowest Priced 2 Bedroom" - $239,000 USD MLS® #1135777 Address: Princesa C 201 Size: 1147 sq. ft. Style: Single Story Type: Condominium City: Puerto Penasco Bedrooms: 2 Bathrooms: 2 7. Sandy Beach Resorts (Puerto Peñasco), "CASH" - $310,000 USD MLS® #1135781 Address: Princesa B 208 Style: Single Story Type: Condominium City: Puerto Peñasco Bedrooms: 2 Bathrooms: 2 8. Sonoran Spa "CUSTOM FINISHES AND AMAZING VIEWS", "FULLY UPGRADED" - $349,900 USD Style: Single Story Type: Condominium City: Puerto Penasco/Rocky Point Bedrooms: 2 Bathrooms: 2 9. Sandy Beach Resorts (Puerto Penasco) - $359,000 USD MLS® #1135796 Address: Sonoran Spa W 206 Style: Single Story Type: Condominium City: Puerto Penasco Bedrooms: 2 Bathrooms: 2 10. Sonoran Spa "OWNER WILL CARRY, Never In Rental Pool!" - $369,000 USD Size: 1329 sq. ft. Style: Apartment Type: Condominium City: Puerto Penasco/Rocky Point Bedrooms: 2 Bathrooms: 2 11. Sonoran Sea "Gorgeously Furnished", "180 degree Sea view" - $409,900 USD MLS® #07-032 Size: 1400 sq. ft. Style: Single Story Type: Condominium City: Puerto Penasco/Rocky Point Bedrooms: 2 Bathrooms: 2 12. Sonoran Spa "RARELY USED PENTHOUSE", "UNBELIEVABLE" - $439,900 USD Size: 1200 sq. ft. Style: Single Story Type: Condominium City: Puerto Penasco/Rocky Point Bedrooms: 2 Bathrooms: 2 13. Sonoran Sun "Gorgeous Sonoran Penthouse Condo", "Suitably Priced" - $465,000 USD Size: 1500 sq. ft. Style: Single Story Type: Residential City: Puerto Penasco/Rocky Point Bedrooms: 2 Bathrooms: 2 This is just a brief list of available Condos/properties for sale that I found through the Internet and is given here for information purposes only. I am neither licensed to sell real estate in Mexico, nor inclined to do so. If you want to find a real estate agent who sells condos and homes in Rocky Point, please do your own research, or contact me and I'll refer you to an agent. Meanwhile, from the above list, it looks like prices have somewhat gone down - at least now for $400K+ one can buy a penthouse, not just a regular 2 BR. Still, considering the growing number of foreclosures and short sales in the US, I am doubtful American investment in Mexican real estate will continue uninterrupted. To me this means that prices are still yet to reach the bottom. In a few months, I am planning to rent a Casita and take all the family for the next vacation. I am sure both boys will enjoy running on the sandy beach, while adults wouldn't bear any risk associated with the investment. And who knows, at that time we might find something worthwhile the investment. Dear Veronica and Jim,

The beach in Rocky Point is really beautiful and of course it is very compelling to own a “piece of it”.

Thanks to your comments, I was encouraged to do additional research and figure out the current state of Sandy Beach real estate.

Here is what I found:

1. 9th Story Views, Las Palomas- $275,000 USD
Listing #: n/a
Magnificent new Condo on the pristine beaches of Playa Vista. Stunning outdoor patio & views with access to all bedrooms, travertine floors, granite countertops and interior decorating.
Bed: 1
Bath: 1
Sq Ft: 1050

2. Sandy Beach Resorts (Puerto Penasco), “Lowest$ 1 Bedrm OceanFront in Las Palomas” – $294,000 USD
MLS® #1135670
Address: Las Palomas Cordoba 502
Size: 1139 sq. ft.
Style: Single Story
Type: Condominium
City: Puerto Penasco/Rocky Point
Bedrooms: 1
Bathrooms: 1

3. Sandy Beach, Sonoran Sun One Bedroom – $329,000
MLS # 610E
Type : Condo
Bedrooms : 1
Bathrooms : 1

4. Sandy Beach Resorts (Puerto Penasco), “Fantastic Views of Sea and Old Port”, “Great Opportunity” – $345,000 USD
MLS® #1135685
Address: Las Palomas Cordoba 905
Size: 1139 sq. ft.
Style: Single Story
Type: Condominium
City: Puerto Penasco/Rocky Point
Bedrooms: 1
Bathrooms: 1

5. Sonoran Sea (Puerto Penasco/Rocky Point), “Cash or Terms!” – $359,900 USD
Size: 1000 sq. ft.
Style: Apartment
Type: Residential
City: Puerto Penasco
Bedrooms: 1
Bathrooms: 1

6. Sandy Beach Resorts (Puerto Peñasco), “Price to go”, “Lowest Priced 2 Bedroom” – $239,000 USD
MLS® #1135777
Address: Princesa C 201
Size: 1147 sq. ft.
Style: Single Story
Type: Condominium
City: Puerto Penasco
Bedrooms: 2
Bathrooms: 2

7. Sandy Beach Resorts (Puerto Peñasco), “CASH” – $310,000 USD
MLS® #1135781
Address: Princesa B 208
Style: Single Story
Type: Condominium
City: Puerto Peñasco
Bedrooms: 2
Bathrooms: 2

8. Sonoran Spa “CUSTOM FINISHES AND AMAZING VIEWS”, “FULLY UPGRADED” – $349,900 USD
Style: Single Story
Type: Condominium
City: Puerto Penasco/Rocky Point
Bedrooms: 2
Bathrooms: 2

9. Sandy Beach Resorts (Puerto Penasco) – $359,000 USD
MLS® #1135796
Address: Sonoran Spa W 206
Style: Single Story
Type: Condominium
City: Puerto Penasco
Bedrooms: 2
Bathrooms: 2

10. Sonoran Spa “OWNER WILL CARRY, Never In Rental Pool!” - $369,000 USD
Size: 1329 sq. ft.
Style: Apartment
Type: Condominium
City: Puerto Penasco/Rocky Point
Bedrooms: 2
Bathrooms: 2

11. Sonoran Sea “Gorgeously Furnished”, “180 degree Sea view” – $409,900 USD
MLS® #07-032
Size: 1400 sq. ft.
Style: Single Story
Type: Condominium
City: Puerto Penasco/Rocky Point
Bedrooms: 2
Bathrooms: 2

12. Sonoran Spa “RARELY USED PENTHOUSE”, “UNBELIEVABLE” – $439,900 USD
Size: 1200 sq. ft.
Style: Single Story
Type: Condominium
City: Puerto Penasco/Rocky Point
Bedrooms: 2
Bathrooms: 2

13. Sonoran Sun “Gorgeous Sonoran Penthouse Condo”, “Suitably Priced” – $465,000 USD
Size: 1500 sq. ft.
Style: Single Story
Type: Residential
City: Puerto Penasco/Rocky Point
Bedrooms: 2
Bathrooms: 2

This is just a brief list of available Condos/properties for sale that I found through the Internet and is given here for information purposes only. I am neither licensed to sell real estate in Mexico, nor inclined to do so. If you want to find a real estate agent who sells condos and homes in Rocky Point, please do your own research, or contact me and I’ll refer you to an agent.

Meanwhile, from the above list, it looks like prices have somewhat gone down – at least now for $400K+ one can buy a penthouse, not just a regular 2 BR.

Still, considering the growing number of foreclosures and short sales in the US, I am doubtful American investment in Mexican real estate will continue uninterrupted. To me this means that prices are still yet to reach the bottom.

In a few months, I am planning to rent a Casita and take all the family for the next vacation. I am sure both boys will enjoy running on the sandy beach, while adults wouldn’t bear any risk associated with the investment.

And who knows, at that time we might find something worthwhile the investment.

]]> By: Veronica http://foothillshomesblog.com/investing-in-mexican-real-estate/#comment-3624 Veronica Fri, 25 Jul 2008 15:49:30 +0000 http://foothillshomesblog.com/?p=60#comment-3624 Another point which bears mentioning regarding the price comparison between Rocky Point and Tucson -- we're talking gorgeous beachfront. Another point which bears mentioning regarding the price comparison between Rocky Point and Tucson — we’re talking gorgeous beachfront.

]]> By: Jim DesRochers http://foothillshomesblog.com/investing-in-mexican-real-estate/#comment-3622 Jim DesRochers Fri, 25 Jul 2008 13:44:16 +0000 http://foothillshomesblog.com/?p=60#comment-3622 As always I find that a negative micro view of investments always over shadows the bigger more successful picture. Combine that with what's happening in the states and I will keep my beautiful piece of the beach at the Sonoran Sea and realize that like all investments, wether in my primary home in Tempe or Mexico, the work investment means risk, not guarantee! Jim As always I find that a negative micro view of investments always over shadows the bigger more successful picture. Combine that with what’s happening in the states and I will keep my beautiful piece of the beach at the Sonoran Sea and realize that like all investments, wether in my primary home in Tempe or Mexico, the work investment means risk, not guarantee! Jim

]]> By: Manuel Molina http://foothillshomesblog.com/investing-in-mexican-real-estate/#comment-3614 Manuel Molina Fri, 25 Jul 2008 01:52:39 +0000 http://foothillshomesblog.com/?p=60#comment-3614 Loving this blog. Great post. Manuel Loving this blog. Great post.
Manuel

]]> By: Veronica http://foothillshomesblog.com/investing-in-mexican-real-estate/#comment-3610 Veronica Thu, 24 Jul 2008 20:32:15 +0000 http://foothillshomesblog.com/?p=60#comment-3610 Perhaps you are unaware of the large number of re-sale condos available at the Sonoran Sun, Sonoran Sea and Sonoran Spa. These are well established developments and due to the current real estate market many are priced as great buys. Once the market turns around, and it will, you will not be able to touch properties at current prices. Perhaps you are unaware of the large number of re-sale condos available at the Sonoran Sun, Sonoran Sea and Sonoran Spa. These are well established developments and due to the current real estate market many are priced as great buys. Once the market turns around, and it will, you will not be able to touch properties at current prices.

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