Unique Homes Blog

Two and one-half years ago, Unique Homes traveled to Mexico’s gated, master-planned Punta Mita development to tour the 1,500-acre project’s numerous real estate offerings including bay- and oceanfront lots, hillside villas, a variety of condominiums, townhomes, the existing Jack Nicklaus Signature Golf Course and Four Seasons Resort Punta Mita, and the future location of the St. Regis Punta Mita Resort. In 2007, Punta Mita enjoyed a very successful $113 million in sales, says Gary Pepin, Vice President of Sales for Punta Mita Properties.

Today, those at the forefront of the project, including owner/developer DINE, are determinedly moving forward with their plans amidst an economic downturn that has forced similar developments to halt in their tracks.

“When something this dramatic happens in the economy, you can’t just sit and wait for the market to come back to you, you can slash prices or you can start doing things,” says Pepin. “We’ve been very aggressive about designing and creating new product that addresses the changing needs and desires of different buyers.” Iyari, a new portion of Punta Mita being offered starting this fall, has been created in direct response to current market conditions. Primarily offering raw land, Iyari, which means heart, is right in the heart of Punta Mita and enjoys exposures to both Jack Nicklaus Signature Golf Courses, as well as some of Punta Mita’s most desirable views. Lots within Iyari are quarter-acre homesites priced from $300,000 to $500,000.

While the Four Seasons Resort Punta Mita celebrates its 10th year this month, the Four Seasons and Punta Mita as a whole have attained a highly polished look that has been complemented this year with the arrival of several new restaurants. Encompassing a peninsula with 9.5 miles of shoreline that is just a 45-minute drive northwest of Puerto Vallarta, Punta Mita has approximately 200 homeowners and is just 20- to 25-percent completed. A Mii Amo destination spa and an all-suite La Solana Resort are moving forward, and DINE also has signed a partnership agreement with Strategic Hotels and Resorts to build a new brand-name resort on 60 acres of prime oceanfront land.

“We are used to these downturns, and we just need to refocus, finish what we started and be ready for when the market comes back,” says Pepin. “We have nothing that is half-built. Everything you see at Punta Mita has been finished, at least on the exterior.”

Andres Rossetto, Managing Director of Resort Development for DINE, echoes Pepin. “We are finishing every product that we have started.”

It’s been said that good real estate will always be good real estate, and DINE is hopeful that Punta Mita’s first-class resorts, golf and residential opportunities, set against a stunning backdrop of white sand beaches, azure waters and lush green foliage, will continue to entice discerning buyers for years to come in any and all market conditions.

For more information, visit Punta Mita’s new and enhanced Web site, www.puntamita.com

–Sarah Binder

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