LA PAZ, Mexico -- Paraiso del Mar, a residential resort development located two hours north of Cabo San Lucas, announced today that sales of single family homes and condos have exceeded $100 million in its first 16 months of preconstruction sales. Buyers are paying attention to the development's beachfront location, resort lifestyle and the reasonable prices.
Situated on a secluded peninsula in the Bay of La Paz just six minutes by ferry from La Paz, Paraiso del Mar is offering homes and condominiums that have a distinctive Mexican flavor along with amenities including an 18-hole Arthur Hills golf course, hotels, swimming pools, tennis courts and marina. To date, more than 350 units have been sold. Prices for the homes and condos begin in the low $200,000s and many of the homes are located on the water or on the golf course.
"People are attracted to the natural beauty of the area, the pristine beaches and islands, the clear, warm water, the colorful coral reefs, and also because unlike nearby Cabo, La Paz has been untouched by resort development," said John Fair, principal with Cano/Fair, the development company. "Additionally, at a time when U.S. real estate prices are at an all time high, beachfront living beginning at $230,000 is another reason to buy."
Also, Fair said that people are purchasing property at Paraiso del Mar because they know the environment is being protected. For example, only 700 acres of the project's 1,700 acres will be developed. Recently, Audubon International named Paraiso del Mar as one of its Audubon Signature Programs for its environmental planning and conservation. It is the only project in Mexico to receive such honors.
John Fair and Luis Cano are the founders and developers of Paraiso del Mar. Luis Cano's Gran Vision and GRAVI Construction have provided architectural and construction services to the finest luxury homes and resorts in Los Cabos. John Fair's Fair Enterprises, based out of Denver, Colo., manages more than $300 million of resort, residential and commercial development in the U.S., Mexico and the Caribbean, including development of Esperanza Resort in Cabo San Lucas and the Grace Bay Club in Turks and Caicos.
Paraiso del Mar
Overlooking the Sea of Cortez with five miles of beach frontage, Paraiso del Mar is a 1,700-acre residential resort development. Paraiso del Mar is being designed as a collection of neighborhoods that celebrate the spirit of Mexico. The project, which broke ground in June 2005, is a members-only club and community. At the point of the project's completion, there will be 1500 homes and 2000 condos. For more information: www.paradiseofthesea.com
Murphy O'Brien, Inc.
Margaret Thomas/Kimberly Shepard, 310-453-2539
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