Real Estate for Sale: Baja California, Mexico, San Felipe, Baja, Mex: 16 beachfront lots for investor - La Hacienda

Asking Price: $4,000,000
Location: La Hacienda
City: San Felipe
State/Province: Baja California
Country: Mexico
Type: Lot

Property – a 2.5 acre beachfront parcel being subdivided into 20 lots within an established and upscale community. The lots range in size from 3000-4000 square feet. The streets are paved with red bricks and all service lines are underground. Water is from a central well-fed system and sewage is through a private treatment plant. All these systems exist and are functioning. This community offers views of the Sea of Cortez, the Bay of San Felipe, the distinctive mountains of the San Felipe skyline, and the city lights at night. These lots are simply the best in the area.
Opportunity – 16 of the 20 lots remain available for sale. The prices range from 239,000 to 649,000 for a total combined retail value of 5.6m USD. The opportunities for an investor include the purchase a block of 7 lots or the remaining 16 lots at a discount below retail so the investor can make a good profit. Some seller financing maybe be available.
There is the possibility to put 6+ single family homes to be sold as fractional units. This could add several million dollars in additional profit to the project.
Location – city of San Felipe, municipality of Mexicali, state of Baja California, country of Mexico. San Felipe is 120 miles south of the US border and 250 miles (about 4 hours drive) from San Diego. It is experiencing rapid development as a tourist destination and communities of retirement and vacation homes for buyers coming from the US. Much more information on San Felipe is available.
Market – 35 million Americans live within 6 hours drive in communities including Los Angeles, San Diego, Orange County, Palm Springs, and Phoenix. Buyers seek retirement homes, vacation homes and weekend getaway homes. The attractions to San Felipe include the proximity to the US border which allows them to drive, the Sea of Cortez, and the warm climate. Prices in San Felipe have been steadily rising with beachfront land greatly exceeding all other in appreciation rates.
Please contact me to discuss possibilities. I am available to speak with principals and brokers. Thank you. andrew@sanfelipe.cc
Photos: www.micasadelmar.com