High-End Real Estate In Baja Is Like A Well Kept Secret
It might not come to mind at first. But that´s the key, high-end Real Estate in Baja is like a well-kept secret within a well-to-do family, something only a few are privy to, like the name of a great caterer or a very exclusive soirée.
The Baja Riviera boasts an amazing offering of high-end properties that satisfy the needs, wants, and whims of the most discerning real estate clientele.
Luxury finishings, private locations, 24-hour security, custom design, and décor, are among the features of properties in this range. Oftentimes, concierge services complement the resort experience.
The combination of the charming old heritage architectural style and the top-of-line amenities, with the clear financial advantages of investing on Mexican Real Estate, have made this the area of choice for a small, discreet, and privileged set of buyers.
“In years past, clients that were originally looking at Puerto Vallarta or Cabo for their luxury home purchase have turned to Northern Baja, and ended up acquiring property in the Rosarito -Ensenada strip”, says Max Katz, Owner of the Baja Real Estate Group. “We first noticed this trend about three years ago. However, in the last year, we have sold more premium homes and penthouses, than in all of the last 6 years combined”.
Katz says the trend can be explained, in part, because of the price comparison between the Baja Riviera and Cabo, which share the Pacific Ocean.
But even more compelling, clients can enjoy their property every time the mood strikes, without having to wrestle for airplane tickets. “They are driving down from their homes in Los Angeles, Laguna, and Huntington Beach for a short weekend or a longer vacation. Luxury developments like Palacio Del Mar, offer a shuttle service that picks up clients at the U.S. Border. This area is well within the bounds of the “free zone”, where it is perfectly legal to drive US-plated cars”, adds Katz.
Investing in México, and moreover, in Baja real estate, makes sense. The prime property market forecast for 2012-13, as reported by MLS Prestige, stated that economic growth will continue to drive the demand in Latin America, where collectively, countries grew at a rate of 5.7% in the first quarter of 2011. The investment view for Latin America is classified as “Excellent”, on this report.
Developments like the breathtaking Palacio del Mar –where standard features include a fully equipped gourmet kitchen, and the boutique condo Santa Barbara in Bajamar, otherwise known as Baja´s Pebble Beach, comply with all of the requirements of the prime real estate buyer, including design by renowned architects (Grupo Pes and Danielian & Assoc, respectively), specialist interior design, health club- gym and 24-hour security.
Yatching, playing tennis or golf at the oceanfront Bajamar course, are but a few of the perks to be enjoyed in the area.
But it is not only the client looking for a million-plus property that is heading towards the Baja Riviera. It is also the retired and second home buyer who –after looking at the price of oceanfront prices in San Diego, finds out that in Baja, he or she can get not only a spectacular property but a luxury one, for his money. And that is a worthy secret.