If you are looking to buy a second home or condo in Puerto Peñasco, now may be the time to do it. Rocky Point tends to follow the real estate market in the United States. When the market in the states is strong, so will be the market in the Mexico.
There are several developments in Rocky Point that have been sitting there with not much happening sales wise until recently. One such example is Esmeralda on Sandy Beach, which recently announced that building C is being delivered and that they have opened up sales in the D or center building. It appears several have been sold.
Out on the Las Conchas side, Tessoro is experiencing resales as well as condos that were never sold. Tessoro sits on a pristine beach at the mouth of the Moru Estuary, which is great for walking, kayaking and fishing from the shore. The views from there are beautiful with Bird Island off in the distance and stunning sunrises in the morning and sunsets at night.
Past Playa Encanto is the newest development under construction known as Encantame Towers. By the end of May many of those will be delivered on the lower floors. The 2nd tower is also starting to come out of the ground. This development is by Miguel Gavara and Mary Snyder, who developed Puerta Privada and others and have an outstanding track record for delivering on time.
As you drive through Las Conchas you will see several homes under construction as well as homes that are having additions built on. There are not a lot of beach front lots left, but you can still find lots that have beautiful Sea of Cortez views. Here you can buy existing homes or build your own. Puerto Peñasco has a number of highly qualified architects and builders, so you will have a quality home.
Going up north from Cholla Bay, Islas del Mar is going strong, with condos or homes. Here you have a choice of lagoon lots or waterfront lots. It is approximately a 10 mile drive on paved roads, from the center Rocky Point. From Isla del Mar, your sunset views are unobstructed. You also have the ability to see the Blue Herons and Egrets in the Lagoons. You can also golf on a very challenging course.
If you are investing in something for after retirement, you may want to choose to rent your home or condo. The rental market is very strong now and appears it will continue. During the summer months, even though it is hot and humid, the city gets many Mexican Nationals coming from Baja and Chihuahua. Years ago we had a high seasons for rentals, but now we have high season year around.
The realtors here are professional and will take the time to find something that you want. They are all licensed and are member of AMPI, so know that you will find someone you can trust and that walk you through the entire purchase process.
Many new little restaurants have opened in 2020 and 2021 for you to choose from. If you are looking for great Mexican food, hamburgers, fine dining, pizza or seafood, you will find something to please everyone’s taste. Don’t be afraid to venture out of tourist areas for some great food at reasonable prices.
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