All required approvals have been obtained from the Punta Mita Technical Committee for the residence.
The Guest House has been constructed, and the initial infrastructure has been put in place.
This initial work substantially reduces the timeline for completion of the residence, as well as reduces completion costs.
The home site, together with all architectural and interior design plans, is being offered for a limited time for $4,200,000.
The additional construction cost to complete the residence, as designed, is estimated at approximately $2MM.
Total completed value is expected to exceed $10,000,000.00, based on current market valuations for similar-sized homes in the La Punta and Ranchos communities of Punta Mita, in a real estate market that is still in its recovery stages.
As Punta Mita continues to add amenities, and as the real estate market furthers its recovery, this value is expected to increase.
This home site is considered among the most privileged within Punta Mita, due to its west-facing location, and proximity to the St. Regis Resort.
La Punta is regarded as the premier community of Punta Mita, a collection of custom designed estate residences of the highest caliber.
Homes within La Punta range from 15,000 to 20,000 square feet in size, with values averaging over $10 million per residence.
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