Embark on a journey of luxury living along the majestic Sea of Cortez. Nestled within the pristine enclave of Playa La Jolla, within Playa Encanto of Puerto Peñasco, Sonora, Mexico, lies an extraordinary development spanning nearly 14 acres. Offering unparalleled views and world-class amenities, this exclusive retreat sets a new standard of opulence. Based upon the last four years of significant economic activity and demand for this type of project as evidenced by several recent sold-out developments in Peñasco and its pristine beach access, this property is one of the best opportunities in the Peñasco region. With its ease of access for the Arizona and California consumers, with the secluded beach this project holds enormous economic potential for-see More & Motion Video. for the right owner or developer. This rare opportunity beckons discerning buyers to realize the full potential of this meticulously planned project, with approved architectural plans awaiting completion and UPSIDE VALUE to the tune of $196 million. Presently gracing the landscape are 111 properties, including 46 condo units of La Bella Vita, 4 beachfront condos, 46 single homesites, and 15 storage units, with the promise of an additional 300 units awaiting fruition.
MLS# | 6676651 |
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Listing Type | For Sale |
Suite Number | 1 |
Sub-Type | Sale |
Status | Active |
Days On Site | 209 |
Listing Provided By | Russ Lyon Sotheby's International Realty | Frank Aazami |
Zoning | MF, Hotel, RES |
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Acreage | 13.70 |
County | Other |
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City | Outside of USA |
Zip Code | 00000 |
Area | Other |
Community Name | 13.7 acre development |
School District | Out of Area |
Elementary School | Out of Area |
Middle School | Out of Maricopa Cnty |
High School | Out of Area |
Listing VS Median (in 13.7 acre development) | |
Price: $22,450,000 low | high Med: $0 On Site: 209 low | high Med: |