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 Full
Ownership Villas
A new Costa Azul community emerges from the jungle canopy, offering buyers ownership of their own custom home. Homesites are linked by equestrian and hiking trails and display spectacular views of the coastline. The concept behind this new villa project is to create an attractive yet ecologically sound community. Introduction The first phase of the Full Ownership Villa Program, hereafter referred to as the Residence Club, will consist of 18 villas built on the property immediately behind the hotel. The completed master plan will consist of resort community villas placed on approximately 36 acres, which will include a new pool and palapa covered common area, hilltop restaurant, and over 16 acres of ecological preserve with a natural reservoir, hiking and riding trails throughout. The villa owners will enjoy full use of the existing Costa Azul resort amenities and adventure activities. The villa gardens will be maintained by Costa Azul and daily maid service will be available. Villa owners may also wish to be included in the Costa Azul Rental program, which will provide a very attractive income stream when the owners are not occupying the villas. The overall concept is to create a resort community atmosphere that will revolve around the existing infrastructure and expand, as demand requires achieving a finished master planned community. The resort has just received a major makeover and we think you will be pleasantly surprised upon your next visit. Pricing The project will be sold in phases with price increases to occur in future phases. The initial pricing will range from $495,000-$695,000 depending on the villa model, lot size, and view criteria. Purchase Process Each interested party will be contacted chronologically and given the opportunity to select a villa model and site via a Priority Purchase Reservation Agreement. This reservation format will require a $5,000 deposit that will be held by Fidelity National Global Solutions who will be the escrow holder and Title Insurance provider. The reservation agreement provides that the interested party will be notified of a Selection Day when that party will select a villa, and then enter into a formal purchase agreement. The Reservation Process will begin immediately and construction of the infrastructure of the villas in the first phase will begin April 15, 2005. Any person who signed a reservation agreement, but did not get a villa due of availability, will have the option to be allowed to purchase in the following phases based on chronological order. At any such time as an interested party decides not to participate in the Villa Program, the deposit will be returned immediately. |
Purchase/Construction Contract The Residence Club Villas will be constructed to the standards and design criteria set forth on our website by no later than March 15, 2005. All villas in the first phase will be constructed simultaneously with an estimated completion date of June 15, 2006. The Purchase Contract will provide for staged payments as follows: 30% of the total purchase price upon signing of the Purchase Contract (including the $5,000 Reservation deposit), 30% upon completion of rough construction and first phase infrastructure, and 40% upon delivery of the villa. This price includes landscape and construction, but does not include furnishings, which can be handled through our on staff interior decorator. Within 45 days prior to completion of the villa, the buyer will be notified. The buyer will necessarily sign a Public Deed allowing for ownership/trust rights to be passed to the buyer. The form of ownership will be (for U.S. citizens) the "fideicomiso" (fee-day-co-mee-so). This form of ownership will be explained thoroughly, both by our staff and Fidelity National Global Solutions. Click here to download the Fidelity National Global Solutions brochure. Legal David Connell Fractional Ownership Villas Flexibility is the concept behind this development. Nestled into the hillside with panoramic views of the Pacific, these villas offer an ideal vacation location. When not in use, owners may elect to participate in a rental pool offering the possibility to earn a return on their vacation investment. Villas are sold as 4-week per year fractional investments. Once a part of The Costa Azul Residence Club you will be able to look forward to your own slice of paradise. Where jungle and ocean collide, you will have the opportunity to experience Costa Azul Adventure Resort’s well-known tours, restaurant and other resort amenities. |
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Title & Escrow | |
Pricing | |
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El Anclote, Punta de Mita office: San Francisco office:
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