Make an offer, it fell out of escrow in 2006 for $7.5 million, before any talks of developing the town into a cruise port destination.
11.5 acres, 470 linear feet of prime oceanfront development land. Perfect for villas/hotel development.
30 min flight, or 3 hour drive from Phoenix, AZ.
A pier is under construction to bring cruise ships into Rocky Point, which is what made Cabo and other Gulf of Mexico properties shoot through the roof. Property is located in Playa Encanto, a highly sought area 15 minutes drive from the city center. Stunning beach. Pier is slated to finish in the next couple years.
2b/2b condos are going for $250-275,000 so there is a massive amount of money to be made developing the plot, or holding until the pier is completed. Villas are going for $600-750,000. Great opportunity to capitalize on this virgin beach.
Puerto Peñasco, also known as Rocky Point, is a Mexican fishing and resort city on the Gulf of California. It’s known for dune-backed Sandy Beach and Bahía la Choya’s tidal pools. Turtles and seals are on show at the Cet Mar Aquarium. The nearby Center for the Study of Deserts and Oceans has a fin-whale skeleton. Northwest, El Pinacate y Gran Desierto de Altar Biosphere Reserve features volcanic and desert terrain.
Please inquire with additional questions.