yankeeirishman
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Playa de Paraiso
Heres the confirmation of a real estate development project, we visited last month.
Press Releases for May 9, 2005
A groundbreaking ceremony in San Felipe for a luxury 160 unit condominium project on the Sea of Cortez may signal an expansion of another Baja real
estate boom. Since Mexican law now allows foreigners to own coastal real estate properties, San Felipe real estate is going quickly.
San Felipe, Mexico (PRWEB) May 6, 2005 -- Groundbreaking ceremonies for Playa de Paraiso, a eight story, 160 unit beachfront, luxury condominium
resort project on the Sea of Cortez in San Felipe, Mexico took place on April 16, 2005 under a clear blue sky and a bright noon day sun. Honored
guests included Baja California?s Governor, Lic. Eugenio Elorduy Walther, and Mexicali Municipal President, Ing. Samuel Ramos Flores. Their presence
is a sure sign that the demand for Baja real estate is on the rise.
The ceremony signals the beginning of a joint private and government economic development program designed to bring the northeast Baja coastline into
the 21st century. Escalera Nautica, the Nautical Ladder development project, may be coming to fruition at last. As evidence that the area is just now
beginning to undergo a period of rapid development, half of the Playa de Paraiso?s units have already been pre-sold despite the fact that the project
won?t be completed until June 2007.
Eric Garcia, Director of Sales at Playa del Paraiso, attributes the increased interest in the San Felipe real estate market to a number of factors.
"Increasing numbers of affluent and retired Americans are searching for a less stressful lifestyle and they are finding exactly what they have been
searching for in San Felipe.
A quiet seaside fishing village on the Sea of Cortez, the resort area is only a few hours drive from San Diego and Tucson and that makes the community
even more attractive because it is far more accessible than Cabo San Lucas," he says.
The second factor affecting development and the increased interest in Baja real estate is that Mexican law now allows foreigners to own coastal
property. "Up until the mid-1990?s, foreigners were not allowed to own coastal property but the creation trust agreements has eliminated that
problem," Garcia says.
The third factor affecting increased development, according to Garcia, has to do with housing costs. "Housing is incredibly affordable in San Felipe
even when it comes to the purchase of a new home largely because construction costs are half those in the States.
?Then there is the cost of living which is easily a third of what it costs to live in just about any American city. A retired couple living on a
$1,000 Social Security income can live a life of luxury here. Taxes are extremely low, fresh seafood is abundant and inexpensive, medical services and
medications are a third of what they are back home,? Garcia says.
Eric also points to growing speculation - an increased awareness that the northeastern Baja coast line may very well prove to be on the verge of a
prolonged land rush much like that which took place in Cabo San Lucas several years ago. "The demand for real estate in Cabo San Lucas is still high,
but sales have slowed considerably because the prices there have sky rocketed," he says. "That isn?t the case for San Felipe real estate, as least not
yet," he added.
For those unfamiliar with the area, San Felipe is located in Baja California, just a four hour driving distance southeast of San Diego, an hour more
from Tucson. A quiet fishing village with a population of 28,000, it is rapidly becoming one of the preferred destinations for American and Canadian
vacationers and retirees looking for a lay back, stress free lifestyle. "Right now about 50% of the resident population comes from the U.S. and
Canada," Garcia says. "Our projections indicate that that percentage will probably double in the next five years."
Twenty years ago a boom in Baja real estate started in Cabo San Lucus, a city on the southern most point of Baja. The likelihood of a San Felipe real
estate boom is even more real because of the village's proximity to the U.S. border and the Mexican government's commitment to the continuing
development of the Nautical ladder.
What control freaks there are here. Don\'t believe that post you just read!
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bajalou
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Yes it is!!!
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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TMW
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"[A quiet fishing village]"
Now that's an interesting description of San Felipe that AAA hasn't seen. Perhaps the writer should spent a little time there, or perhaps I don't
spend enough time there. Of course I'm usually only there on race weekends.
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wilderone
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"Right now about 50% of the resident population comes from the U.S. and Canada."
I guess that makes it an authentic Mexican town then.
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yankeeirishman
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| Quote: | Originally posted by TW
"[A quiet fishing village]"
Now that's an interesting description of San Felipe that AAA hasn't seen. Perhaps the writer should spent a little time there, or perhaps I don't
spend enough time there. Of course I'm usually only there on race weekends. |
One would NEVER see this place from the road! I happened to drive up a sandy road that had a beat op "grand" entrance, over a high sand dune, and
there it was! Of all the times I been to San Felipe, I miss it. It's located right pass the Military checkpoint, south of town.
Yeah Lou! Your home there is bout to JUMP in value! The Marina condos were started too. Eight stories high, but that is hearsay on the height.
What control freaks there are here. Don\'t believe that post you just read!
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burro bob
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Yankeeirishman
I think you have your new developments mixed up.
Playa de Paraiso is located north of hotel El Missiones and south of the marina.
The development over the hill just past the military check south of town is La Hacienda. It has been there a long time. I believe it also has a new
phase of development going in. There are also several others a little further south that fit your description, but the are not Playa de Paraiso.
In 1997 I called San Felipe, a small fishing village trying to turn into a destination resort, in a description of San Felipe I wrote for "The Net".
I have seen that same phrase used many times since then. It might have been true then, it isn't now.
I'd like to know where Eric the salesman gets his figures for percentages of locals to tourists. Over Spring break or Memorial day weekend he might be
close, but in the summer it's about 90% Mexican and 10% other. I don't have any official stats to back this up just my own guesstimation. But then I
doubt that Eric the salesman has any hard stats either.
His assertion that it is cheaper to live here in San Felipe is a bunch of male bovine escreation. The only thing cheaper in San Felipe is sea food and
labor. In the case of the latter just remember, you get what you pay for. Everything else has to be trucked into town which adds to the price of
everything. Most of my friends here in San Felo are pretty excited about the new shopping center in El Centro and the new MEGA store in Mexicali,
where they go to buy most of the stuff they need.
burro bob
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yankeeirishman
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| Quote: | Originally posted by burro bob
Yankeeirishman
I think you have your new developments mixed up.
Playa de Paraiso is located north of hotel El Missiones and south of the marina.
The development over the hill just past the military check south of town is La Hacienda. It has been there a long time. I believe it also has a new
phase of development going in. There are also several others a little further south that fit your description, but the are not Playa de Paraiso.
In 1997 I called San Felipe, a small fishing village trying to turn into a destination resort, in a description of San Felipe I wrote for "The Net".
I have seen that same phrase used many times since then. It might have been true then, it isn't now.
I'd like to know where Eric the salesman gets his figures for percentages of locals to tourists. Over Spring break or Memorial day weekend he might be
close, but in the summer it's about 90% Mexican and 10% other. I don't have any official stats to back this up just my own guesstimation. But then I
doubt that Eric the salesman has any hard stats either.
His assertion that it is cheaper to live here in San Felipe is a bunch of male bovine escreation. The only thing cheaper in San Felipe is sea food and
labor. In the case of the latter just remember, you get what you pay for. Everything else has to be trucked into town which adds to the price of
everything. Most of my friends here in San Felo are pretty excited about the new shopping center in El Centro and the new MEGA store in Mexicali,
where they go to buy most of the stuff they need.
burro bob |
Okay...beat me and throw me to the sharks! You are right..I got mixed up with the guys down the road. Thanks for the correction.
Eric the salesman ...is that youngster about age 30? Hollywood look? If so...yeah...he data was far fetch.
Playa del Paraiso - Luxury condos Avenida Mision de Loreto 130 - on Airport Road on the way to Playa Club/Las Misiones - San Felipe
100 S. Sunrise Way, Suite 625 Palm Springs, CA 92262
US 888-MIPLAYA (647-5292)
Mexico Tel. 011 52 (686) 577 0822
Mexico Fax 011 52 (686) 577 0823
info@playadelparaiso.com
salesoffice@playadelparaiso.com
What control freaks there are here. Don\'t believe that post you just read!
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