A new marina and golf course has entered the Mexico East Cape real estate scene in La Ribera - a small fishing village located on the Sea of Cortez in the Baja.  Cabo Riviera is a master planned community centralized around a marina and golf course offering 400 waterfront homesites and a secure place to park your boat.  The project is expected to be completed in 2011.  Two major five-star resort hotels will also be part of the master plan at Cabo Riviera.  The Mandarin Hotel has signed an agreement to build one of the hotels, but the other site has yet to be claimed.

In an effort to harmonize with the natural environment, these resort hotels will be limited to three stories and will incorporate the surrounding geographic elements.  Features such as fresh water estuaries and walking trails will highlight the low density site plans.  200 villas will be built in addition to the hotels.

There are only a few remaining homesites available in Phase One.  Prices range from $230,000 to $650,000 depending on golf course versus marina locations.  Phase one property owners will receive a developer incentive including 50% discounts on greens fees and 25% discounts on marina services.  Permanent owners will have the ability to leave up to 100 foot boats moored along the channel.  Vacation owners will be able to call the marina to have their boats taken out of dry dock and moved to their moorings to be ready in advance of their stay.

Please contact Alfredo Cristo for more information about this exciting new East Cape real estate opportunity.

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