Searching for a second home or smart investment in the Banderas Bay area can be an exciting process. There is a neighborhood to suit all styles and tastes when searching for real estate. Take a peek at some of the most famous exclusive neighborhoods to familiarize yourself with what is to be expected before you burn the kilometers. Banderas Bay, including Puerto Vallarta and its surrounding areas, is diverse and we can guarantee a move across the border to be a fabulous choice.
Real Estate in and around Banderas Bay
Banderas Bay real estate market can be divided into different zones – South Shore, Punta Mita, Costa Banderas, La Cruz de Huanacaxtle, Bucerias, Flamingos, Nuevo Vallarta, Marina Vallarta, Hotel Zone, Centro, Los Muertos and Conchas Chinas.
South Shore (Garza Blanca, Sierra del Mar, El Paredón and Mismaloya)
Stretching from Conchas Chinas south to Mismaloya is known as the South Shore or South Side. This area is tranquil and has the feel of seclusion, yet is close to downtown activities. These neighborhoods located on the South Shore are the crème de la crème when it comes to real estate on Banderas Bay, including Garza Blanca Real Estate, Sierra del Mar, El Paredón and Mismaloya.
Garza Blanca is a beachfront nature preserve that spans over 400 acres. It is home to the Garza Blanca Resort and the new Hotel Mousai. The multi-use resort offers fractional and full time real estate for 5 star lifestyles. The amenities offered are luxurious and this has become one of the most desirable smart real estate options on Banderas Bay. Sierra del Mar is a low density development of high end homes and condominiums all sharing a charming beach club. Mismaloya was chosen by famed film director John Huston to be the location for his movie ‘The Night of the Iguana’. He was drawn to this small, sheltered bay by its tranquility and spectacular natural beauty. There are condominiums, villas, a few time-share projects, 4 and 5 star hotels, building lots and acreage within this zone.
The point in the most northern zone of the Bay, in the state of Nayarit is approximately 45 minutes from the Puerto Vallarta International Airport via a new 4-lane divided highway. The mega Punta Mita development is an exclusive and luxury oriented 1,500 acre planned community, anchored by the Four Seasons and St. Regis Hotels and the 19 hole Jack Nicklaus Signature golf course. To date, the real estate offerings have solely been high end homes, condos and lots ranging from 1 to 25 million dollars.
Just inside Banderas Bay and adjacent to the Punta Mita Resort is the Costa Banderas development with 7.5 kilometers of shoreline. This property has been sold in both individual home-site parcels as well as in larger development sized parcels. With its gated access this development offers the same type of real estate as Punta Mita. You can find condos, homes and land sites ranging from $700,000 to $8 million dollars.
La Cruz de Huanacaxtle/Bucerias
The charming towns of La Cruz de Huanacaxtle and Bucerias are fast becoming desired residential areas. Depending upon your interest, may it be detached free-standing, multi-unit town-house, or higher density condominiums, one can find whatever they are looking for in the price range of $150K up to $1.3M. The newest marina in La Cruz has 368 boat slips, The small fishing village of La Cruz, is now being converted into a small chic boating community, with delicious sea food restaurants, and other activities like a popular Sunday farmers market. Bucerias also is experiencing its own gentrification. New developments on the beach, modern condos and gated beachfront communities. Gourmet restaurants, palapa beachfront restaurants make Bucerias a quaint Mexican town with expectations of modernizing.
Located just north of Puerto Vallarta’s International Airport across the Nayarit state border, Nuevo Vallarta is designed for privacy and exclusive living. An abundance of shady trees and tropical flowers cover Nuevo Vallarta, while a series of canals and waterways makes it an ideal community for boaters. Many of the privileged villas located here come with private docks. In Nuevo Vallarta you can find modern condos and golf course or canal front houses. All-inclusive resorts as well as time share operations are part of the life in Nuevo Vallarta.
Marina Vallarta is located south of the airport and 20 minutes by taxi from downtown Puerto Vallarta. This is the most modern of Vallarta’s exclusive communities with a 550-slip marina, 18 hole golf course, shopping, dining, nightlife and a range of residential units, hotels and vacation clubs. The Marina environment looks and feels like ‘home’ back in the USA, but with a Mexican flair of flora and fauna. Buyers choose this area because of its ambiance, golf, pricing, restaurants, shops, schools basically it is a convenient area. Prices and rental income for residential real estate are strong and will probably remain so.
The Hotel Zone
The Hotel Zone stretches south from Marina Vallarta to the edge of town where the cobblestone streets begin. Stores and restaurants are within walking distance. This area is nearly all developed. There are a variety of homes and condominiums in all price ranges. Real estate consists of typical Mexican architectural style appealing to a certain type of buyer. Starting in 2005, two mega residential and commercial projects were approved by the municipality and they have had great success.
Fluvial, Los Tules and Versalles
The residential area of Fluvial, Los Tules, Versalles, and Las Gaviotas, attracts middle-class buyers. Building architecture varies, from traditional Mexican styles to more contemporary designs. Conveniently located, this area is situated closely to Costco and popular Plaza Caracol a shopping center that boasts movie theatres, LANS Department store, a supermarket, banking services and a multitude of small commercial stores and restaurants. The new La Isla Shopping mall has just opened and offers a new venue for property owners with a high end movie theatre, restaurants and boutiques.
Above downtown is the residential area of Gringo Gulch, so named because many foreigners purchased homes close to where Elizabeth Taylor and Richard Burton resided. For those longing to live in Puerto Vallarta and to truly feel the soul of this quaint Mexican village, there is no better place to live than in El Centro. The first foreigners to settle there chose the area now known as ‘Gringo Gulch’ to build their villas, lured by the panoramic views of the bay, mountains and Cuale River.
South of the River Cuale is the ‘Los Muertos’ Zone, a 10-minute walk from the Malecon. The area has gone through ‘regeneration,’ becoming an eclectic blend of restaurants, gift stores, art galleries, and traditional Mexican tiendas. There is currently a boom with over 300 condominiums currently in construction. Basilio Badillo is ‘restaurant row,’ offering fine dining establishments. The atmosphere is less hectic than the Malecon. The mix of people gives this area a relaxed atmosphere, from well-heeled international tourists to local residents doing their daily shopping.
Amapas – Conchas Chinas
This is a favored area in Puerto Vallarta, where convenience combines with exclusivity, and breathtaking views enjoyed in privacy. With limited growth potential and strict density restrictions, its limited supply leads to higher prices in both the luxury condos and exclusive villas found there. This is the area of first choice for well-to-do foreigners looking to acquire a home in Puerto Vallarta. This area, starting from the beach and winding up into the hills, and to date, is probably the most coveted in all of Puerto Vallarta. It is purely residential (the majority are homes) bordering on the exclusive, which is a major attraction.
So whether you wish to purchase on the North or South shore or in the heart of downtown Puerto Vallarta, the town known as the friendliest town on earth will make your new life experience a fabulous one.