Other Nayarit Coastal Developments
Up and down the Riviera Nayarit are several extremely ambitious projects in various stages of development, from residences that are already occupied to those “still on the drawing board.” From south to north, starting at the Bay of Banderas, where the state of Nayarit begins:
Marival Residences and World Spa in Nuevo Vallarta is a fully functioning condominium-hotel complex selling apartments and villas in a resort environment. Units range from one-, two- and three-bedroom condominiums to four-bedroom penthouses to villas – actually 2-storey duplexes -- with private pools. In-house financing is available, and the first three years of maintenance are included in the price; additionally, owners may elect to place their residences in a rental pool. Boat owners will especially appreciate Marival’s world-class marina: the Marina Riviera Nayarit at La Cruz offers 340 slips for rent or purchase and contains a 200-ton travel lift capable of handling large yachts See marivalresidencesdevelopment.com.
Nahui is an ambitious project encompassing 2,100 acres of beaches, hills and coves along three miles of coastline. While its centerpiece is TAU Resorts, a time-share community consisting of 128 two-bedroom units, three distinct residential complexes are also under development: Destiladeras View, 89 hillside ocean-view home sites (from $127,000), with the option of building a custom residence or purchasing one of a selection of villas designed and built by the developer (from $365,000); Playa Blanca, offering three-bedroom beachfront condominiums from $448,000; and Condominios Nahui, perched above Playa Blanca, where condominiums start at only $166,000. Planned recreational amenities include a golf course, mountain biking trails and a self-contained commercial and entertainment village. In-house financing is available for five years. See nahui.com.mx.
Photo by Timothy Scott
As a resort, Punta Mita’s Imanta, the “lowest density development on the Pacific Coast,” has been enjoying rave reviews, including on this very website: see our review of Imanta. But as Fred Feibel points out, with only seven units available for temporary guests, Imanta is “primarily a real estate play.” Lots of 2.5 to 4.5 acres are not cheap, starting at $2 million just for the land, but it is only half that if you agree to build in one year. And, he says, “Prices have come down since 2007.” See ImantaResorts.com.
Feibel also considers Punta Sayulita a “quality product.” On the 39-acre Sayulita Peninsula near the town of the same name (famed for its surfing community), ecologically minded developers have parceled 39 acres into 62 plots of land, extending from beachfront to hilltop, designated for “family residences.” Owners may purchase (one of only seven) “estate lots” or choose from a variety of deluxe homes built to the company’s specifications: all residences – whether three-bedroom casitas, three-bedroom plus flex-room casas, or four-bedroom casonas – have at least 3.5 bathrooms, two terraces, a private swimming pool and both indoor and outdoor whirlpool spas. A limited number of casitas and casas allow for the construction of detached one-bedroom bungalows. See puntasayulita.com.
The largest new Riviera Nayarit project in the pipeline is for those with no plans to take possession of a Mexican residence anytime soon. Well-funded Rasaland Capital Investments (one of its institutional partners is Goldman Sachs) has begun infrastructure work on its 320-hectare La Mandarina project. The master plan calls for two hotels, a golf course, a marina, dozens of villas and hundreds of condominiums. See rld-inv.com.
While there is no shortage of affordable condos of a similar style facing the water in Puerto Vallarta and Nuevo Vallarta, those can’t rival the nature-meets-ocean environment and pristine beaches found from the Punta de Mita peninsula heading north. For your dream home in a postcard-perfect setting, the Riviera Nayarit is a prime choice—and one with an international airport less than an hour away from your doorstep.
Story by Buzzy Gordon, August 2011. Photos courtesy of the developers except where indicated.