New Marinas Overseas

New Marina In Mexico

If you are looking to invest early in a new marina development, then this could be the one for you, as the project has just broken ground, and completion is not due until 2011. I understand that Phase One apartments are already being sold off-plan, and with the growth in popularity of Mexico as a tourist destination, this could be a great investement, as well as a beautiful place to be based with your yacht.

So, first of all, where is Ensenada? It is located about 80 miles south of the Mexico - USA border, on the shores of the Pacific Ocean. Alongside mountains, desert and sea, Ensenada offers a warm and wonderful introduction to Mexico. One of the oldest communities on theCalifornia Baja Peninsula, it was first visited by Spanish missionaries in the 17th century. Today it’s a thriving seaport due to its natural deep water port.

Ensenada enjoys wonderful mediterranean weather. The rains come in winter and the dry season is in the summer. In July, day temperatures are warm to midly hot and range from the mid 70’s to the mid 80’s F (22 to 29 oC), with temperatures occassionaly reaching the low 90’s. The local currency is US dollars and with its close proximity to the border, is extremely popular with American tourists.

Construction in the deep water marina is expected to start in 2008, with the opening planned for 12 months later in the summer of 2009. The first pahse of the $450 million development now underway. On completion the development will consist of five residential towers, all with sea or marina views, and mainly 2 or three bed condos, a 65 bed boutique hotel, 17 detached luxury villas, and a 284 slip marina capable of taking yachts up to 400 feet in length. A spa and yacht club are also planned by the developer, Meridian Development Group.

Now one intersting aspect of this new marina development is the ownership of the condos. Whilst they are for sale on a leashold basis, with prices at around $700,000, the company is also offering many of these units on a 6 week fractional ownership basis, allowing buyers the opportunity to use the units as holiday homes, but without all the additional expenses. In addition ( and great for boat owners ) the fractional ownership will also include the use of 74ft yacht! - so the best of both worlds. Enjoy 6 weeks of holiday throughout the year, and the use of the yacht, without all the running costs and expense that we all know and love!!!

It sounds like a great idea to me, so well worth a look. If you need any further details, please just drop me a line and I can provide all the contact details etc.