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Address:
Puerto Penasco
Type: Farm and Ranch
Style:
Lot Type: Rectangular
Lot Size:
400 hectares
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Overview- 2332 meters of ocean front and federal marina
Puerto Peñasco, Mexico is a small fishing town on the Sea of Cortez in the state of Sonora. Known to many Americans by the name “Rocky Point”, this traditional Mexican fishing village has seen an influx of tourism-related investment over the past ten years. For many years, tourism in Puerto Peñasco consisted of two groups, Americans buying a small piece of land on or near the beach and building their own beachside dream home, and Americans looking for a place to camp on the beach with friends and let loose a bit. As Arizona began its boom as the fastest growing state in the nation, local developers began to realize the potential for this Mexican beachside community to attract a more diverse group of tourists and residents. Located less than four hours by car from both Phoenix and Tucson, Puerto Peñasco was destined to become Arizona’s beach. As the town continues to develop, it is also destined to attract broader regional and national interest.
Puerto Peñasco Today
Today, Puerto Peñasco still retains some of its traditional Mexican fishing town vibe, with local fishermen providing fresh seafood to the many restaurants in the town. But the predominant industry is now tourism. Less than ten years after the beginning of large-scale development, Puerto Peñasco has seen more than 2,500 new beachside condominium units built and sold and now hosts over a million visitors per year. Despite the thousands of new condominiums on the outskirts of the town, the development of Puerto Peñasco into a world-class vacation destination is still just beginning. Much of the “tourism infrastructure” of other Mexican vacation destinations have not yet been realized, as the development has been driven primarily by smaller-scale independent developers, interested in building their little slice of paradise, but not in implementing the wider-scale features that will drive growth in Puerto Peñasco over the next 20 years. |
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