83566 Playa La Jolla, Outside of USA,
$22,450,000
Property Type:
Comm/Industry Sale
Square Footage:
300,000
Lot Size (sq. ft.):
596,772
Status:
Active
Current Price:
$22,450,000
List Date:
3/13/2024
Last Modified:
3/14/2024
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
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.
More Information MLS# 6676668
Contract Info
Current Price: $22,450,000
List Price: $22,450,000
Status: Active
List Date: 2024-03-13
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 83566
Street Name: Playa La Jolla
St Suffix: --
City/Town Code: Outside of USA
Zip Code: 00000
Country: USA
County Code: Other
Add'l Parcels: No
Assessor Number: 000-00-000
Legal: 13.7 acre development of 111 properties, including 46 condo units, and 46 home sites. Project allows for 300 more units
Tax Municipality: OUTSIDE ARIZONA
General Property Description
Type of Property: MF, Hotel, RES
Ttl Apx SqFt Bldg: 300000
# of Buildings: 40
Year Built: 2022
Uncvrd Parking Spcs: 300
Zoning: MF, Hotel, RES
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: 31.539721
Geo Lon: -113.730376
Status Change Info
Status Change Date: 2024-03-13
Legal Info
Lot Number: 1-40
Income & Expenses
Owner Association: No
Pmt & Rate Info
Equity: 22450000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial; Other (See Remarks)
Current Use: Mixed Use; Recreational; See Remarks
Stories: 5 - 10 Stories
Construction: Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other
Cooling: Other
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Exterior: Other (See Remarks)
Fencing: See Remarks
Amenities: Other (See Remarks)
Parking: Other (See Remarks)
Electric: Underground; Individual Meter; Other (See Remarks)
Gas: Underground; Other (See Remarks)
Water: Other
Sewer: Sewer - Available; Other (See Remarks)
Freeway/Highway: 1.1 - 2 Miles
Railroad: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Unknown
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Gravel; Treated; Asphalt
Traffic Count: Up to 5,000
Reports/Disclosures: Soil Test; Perc Test; Seller Prop Disc Stm; Archeological Site; Coastal Barrier Act; Appraisal; Boundary Survey Avlb; ALTA Survey Availbl; Development Plan Avl; Special Assmnt Dist; Water Cap/Quality Rp; Vicinity of an Airport; Flood Elevation Certificate; Other (See Remarks)
Use Restrictions: Other (See Remarks)
Environmental: Phase I Available; Phase II Available; Other (See Remarks)
Documents
Features and Benefits ›Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: March - 14 - 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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