Loreto Real Estate is becoming a HOT market with very low inventory and prices going up exponentially with every sale due to SUPPLY outweighing the great DEMAND we are seeing with new buyers from Idaho, Montana, and Texas! There is great anticipation for the new Serenity, Loreto By The Sea development located just north of Loreto Bay. There has been much activity in the past several weeks and it is amazing to see all the property getting cleared and I am astonished how nice the sand and property really is!!
The website www.SerenityLoreto.com and FACEBOOK SerenityLoreto have both been launched this week. There will be ongoing photos and stories as the Development team prepares the land and titles to get this project started within our time line of starting construction on 20+ homes and the Beach Club facilities by September 2022. The anticipated build time is 12 to 14 months, so we will see Phase I near completion by November 2023!! It will be so exciting for our new owners to move into their home AND have an operational Beach Club, pickleball courts, and fine dining restaurant open for their convenience. It is like a Dream Come True for those that purchased in Loreto Bay all those years ago!
Miss Nellie and her team already have 14 Reservations with deposits, and a couple of these are beachfront lots valued at $950,000 USD each. This is a true indication that this is a welcome and are much wanted residences. The prices provide great value with future equity built in. We have been told that PHASE II will not be available for sale until Phase I is sold out. This way Phase I owners can enjoy their homes and amenities without constant construction noise next door! It is also a great opportunity to get in early to invest in a home, that will be valued 25% to 30% more when it is completed.
The property is 45,310 m2 or 12 acres in size and has a wonderful secluded beach area with fluffy sand. There are 11 beach lots for sale, and a total of 75 single family homes designed to fit the property. All homes will have garages for both car and golf cart. All homes, except the back row, will be single story with 10 foot ceilings. This design offers plenty of natural light and also each home on rows 2 to 5 will have second floor terraces for unobstructed water views. The back row of homes can be two story and will have excellent west facing mountain views as well as water views from their second floor.
There are eight floor plans to choose from to take full advantage of the natural light and Loreto style outdoor living. Just choose your lot, and then pick your floor plan. We even have neutral color palettes to choose your exterior color! Floors will be travertine, granite counters, stainless steel appliances, vinyl double pane windows for thermal and noise insulation. I can’t wait to see the property come to life after all these years!
There are still a good variety of lots from 3715 sq. ft. starting at $225,000 USD. As a comparison in Loreto Bay, a Casa Chica lot size is 1190 sq. ft, and a 3 bedroom Encantada model is 1690 sq. ft. including the courtyard but not extra garden.
The developer will be in Loreto on February 5th and 6th and we are hosting a few Informational Sessions to learn more about our project. Please write to Nellie@Bajaboss.com if you are interested in attending for more details. Numbers are limited due to COVID precautions. This is a wonderful opportunity for those ready to upgrade to large single family home with garage, yet still remain in the neighborhood of Loreto Bay near their friends and amenities.
Rocky The Realtor