$22,450,000
Outside of USA,
MLS# 6676651
1 / 30
Property Description
Embark on a journey of luxury living along the majestic Sea of Cortez. Nestled within the pristine enclave of Playa La Jolla, within Playa Encanto of Puerto Peñasco, Sonora, Mexico, lies an extraordinary development spanning nearly 14 acres. Offering unparalleled views and world-class amenities, this exclusive retreat sets a new standard of opulence. Based upon the last four years of significant economic activity and demand for this type of project as evidenced by several recent sold-out developments in Peñasco and its pristine beach access, this property is one of the best opportunities in the Peñasco region. With its ease of access for the Arizona and California consumers, with the secluded beach this project holds enormous economic potential for-see More & Motion Video.
Details
Maps
Documents
Contract Information
Current Price: $22,450,000
List Price: $22,450,000
Status: Active
List Date: 2024-03-13
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
House Number: 83566
Street Name: Playa La Jolla
St Suffix: --
Lot #: 1-40
City/Town Code: Outside of USA
Zip Code: 00000
Country: Mexico
County Code: Other
Add'l Parcels: No
Assessor Number: 000-00-000
Subdivision: 13.7 acre development
Tax Municipality: OUTSIDE ARIZONA
General Property Description
Apx Total Acres: 13.7
Apx Total Acres G/N: G
Price Per Acre: 1638686.13
Apx SqFt: 596772
Price Per SqFt: 37.62
Apx SqFt G/N: G
Lot Size Dimensions: Irregular
Zoning: MF, Hotel, RES
Elementary School: Out of Maricopa Cnty
Jr. High School: Out of Maricopa Cnty
High School: Out of Maricopa Cnty
Elementary School District: Out of Area
High School District: Out of Area
Remarks & Misc
Cross Street: Interstate 3 & Freemont
Directions: Take Freemont west of Interstate 3 to Cam A Playa Encanto, road ends at development.
Geo Lat: 31.537811
Geo Lon: -113.729457
Status Change Info
Status Change Date: 2024-03-13
Legal Info
Lot Number: 1-40
Pmt & Rate Info
Equity: 22450000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Existing Land Use: Other (See Rmks)
Zoned Presently: Hotel/Motel; Recreational; Other (See Rmks)
Potential Use: Retail; Hotel/Motel; Recreational; See Remarks
Parcel Size: 10.00 - 19.99 Acres
Development Status: See Remarks
Land Features: Waterfront
Elevation: Below Sea Level
Elevation Source: Other (See Remarks)
Vegetation: See Remarks
Land Configuration: Other (See Rmks)
Roads/Streets: Gravel; Treated; Asphalt
Traffic Count: Up to 5,000
Freeway/Highway: 1.1 - 2 Miles
Existing Structures: See Remarks
Water: Other
Sewer: Sewer - Public; Other (See Remarks)
Electric: Other (See Rmks)
Gas: Other (See Rmks)
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: Call Listing Office
Distance to Electric: Call Listing Office
Distance to Gas: Call Listing Office
Distance to Sewer: Call Listing Office
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Rmks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Seller May Carry; 1031 Exchange; Trade
Seller May Carry (SMC) Payment: Other (See Rmks)
Use Restrictions: Other (See Rmks)
Reports/Disclosures: Soil Test; Percolation Test; Seller Prop Disc Stm; Archeological Site; Coastal Barrier Act; Appraisal; Boundary Survey Avlb; ALTA Survey Alba; Development Pln Aval; Special Assmnt Dist; Water Cap/Qualty Rep; Vicinity of an Airport; Flood Elevation Certificate; Other (See Rmks)
Environmental: Phase I Available; Phase II Available; Other (See Rmks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Supplements
for the right owner or developer. This rare opportunity beckons discerning buyers to realize the full potential of this meticulously planned project, with approved architectural plans awaiting completion and UPSIDE VALUE to the tune of $196 million. Presently gracing the landscape are 111 properties, including 46 condo units of La Bella Vita, 4 beachfront condos, 46 single homesites, and 15 storage units, with the promise of an additional 300 units awaiting fruition.
Features & Benefits Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: March - 13 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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