The Mexican Riviera Migrates North
 Larry Olmsted - USA Today
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December 15, 2009
| | Punta Mita just celebrated its 10th anniversary. The 1,500-acre gated community has almost 10 miles of continuous beach, with ocean on three sides of the narrow peninsula. Throughout are a broad mix of condos, townhomes and single-family homes, from $450,000 to more than $20 million. | |
You might not find the Riviera Nayarit on a map, because the name was coined just three years ago to describe the 190-mile coastline north of Puerto Vallarta. But development began a decade earlier, and this is now one of the hottest vacation home destinations in Mexico.
Puerto Vallarta sits on the Bay of Banderas, one of the largest bays in Mexico, at the northern tip of the state of Jalisco. A popular cruise port, the city is heavily developed for tourism and day visitors. But just north across the border in the state of Nayarit, more than 30 miles of less-developed beaches line the bay.
Essentially a suburb of Puerto Vallarta, Nuevo Vallarta is the first community over the border in Nayarit, and as you head north things quickly become more rural. The bay ends with the Punta Mita peninsula, home to Mexico's premier luxury residential community, but the Riviera Nayarit continues north for more than 100 miles.
While many developments are stalled or on hold these days, Punta Mita just celebrated its 10th anniversary and continues to expand, also fueling growth in surrounding areas. The 1,500-acre gated community has almost 10 miles of continuous beach, with ocean on three sides of the narrow peninsula. It opened in the late 1990s with homes and condos, a Four Seasons hotel and a Jack Nicklaus Signature golf course. This year Punta Mita got its second luxury hotel, a St. Regis, and its second Nicklaus course. Throughout are a broad mix of condos, townhomes and single-family homes, from $450,000 to more than $20 million.
"This newly minted Riviera is not just spas and luxury resorts. A half-hour drive north takes you to the funky clothing boutiques and beachfront surf shacks of Sayulita," says Mike Stevens of Endless Vacation magazine, who has covered the region extensively. "If you drive a little farther north, you'll need good suspension. Most beaches are reached only by dirt roads — for now."
The beachfront town of Sayulita, with its cobblestone streets and taco stands, boasts one of the best surf breaks in Mexico, and it has a relaxed, almost hippy vibe. It also has become a popular day and night destination for the entire region, thanks to a broad array of good restaurants and artisan boutiques.
"As an American, if your budget is in the $200,000-$300,000 range, your best bet is to buy in Sayulita or San Pancho," says Gary Pepin, vice president of sales for Punta Mita Properties. San Pancho is a less developed beach town 15 minutes farther north. Beyond it lies more than 100 miles of dirt roads and empty beaches, the future of Riviera Nayarit.
A look at three Riviera Nayarit neighborhoods
• Nuevo Vallarta: Just across the state line from Puerto Vallarta and Marina Vallarta, the appeal is proximity to the airport and the many shops and restaurants of Puerto Vallarta, plus a beachfront setting on the Bay of Banderas. While some pay a premium for the location, others are put off by it, an extension of the city with several all-inclusive resorts. Recent upscale development includes the new Villa La Estancia luxury condo-style hotel with apartments from $900,000 to more than $5 million (villalaestancia.com).
• Punta Mita: The 800-pound gorilla of the Rivera Nayarit, this community has driven much of the surrounding development. About 70% of the buyers are American, and while you can easily spend eight figures on mansions here, luxury condos start at $450,000. You can get a very large three-bedroom in the complex with private pool and beach club for $750,000. In addition to facilities such as spas, gyms, a large tennis center and beach clubs, buyers have access to the spas and restaurants of the two resort hotels (puntamita.com).
• Sayulita: The first destination in Nayarit to be discovered by Americans, Sayulita has long attracted surfers. More recently it has become mainstream, while preserving its authentic old-Mexico flair. Viable second-home options start around $200,000. Early adaptors can look north to San Pancho or even farther up the coast, where prices have not yet risen as much.
Tourism information: rivieranayarit.com |
Vallarta Weddings
Puerto Vallarta Real Estate | December 2009 
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