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Laguna del Mar
Real Estate Fact Sheet |
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Laguna del Mar
Real Estate Fact Sheet |
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Property:
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Laguna del Mar is a private, gated master planned golf and recreational community featuring a Jack Nicklaus Signature golf course, 900-acre private lagoon, full-service marina plus luxury homes and home sites, all located in a beachfront setting unmatched in North America. |
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Location:
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The community is located five miles north of Puerto Penasco on 3,262 acres overlooking the Sea of Cortez in the Mexican state of Sonora. Laguna del Mar is 65 miles south of the U.S. border. |
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Homes:
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There are a total of 360 home sites in Phase A, including 325 custom sites, all located on the waterfront or on the Nicklaus Signature course. An additional 35 home sites will be available on San Francisco Island, a manmade island located within the 900-acre private lagoon on the property. The master plan also includes 12 multi-family housing sites for condominiums, townhouses and villas. |
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Homesite prices:
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325 quarter-acre sites either on the water or the Nicklaus Signature course start at $145,000. |
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With construction costs in Mexico considerably lower than in the U.S., buyers can build much more home for their money at Laguna del Mar than they could in an American resort development. |
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Ownership
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United States citizens can own real estate in Mexico, and Laguna
del Mar has taken significant steps to ensure that its property owners'
investment is secure. Foreign (U.S.) ownership at Laguna del Mar is achieved through a bank trust. The home site is purchased through a Fideicomiso bank trust, with the bank holding the deed of the property. The Fideicomiso trusts are good for 50 years, and are renewable in perpetuity. |
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All property purchased at Laguna del Mar is secured by U.S. title insurance offered through Stewart Title. This title insurance will secure property ownership rights through both U.S. and Mexican law. |