HACIENDA DE MITA | PUNTA MITA
One of the most successful developments inside the gates of Punta Mita, Hacienda de Mita features 4 bedroom units of 3,500 square feet with top finish out and appliances. Comprised 12 Buildings of 4 stories each, this relatively low density beach front condominium complex continues to demonstrate excellent rental income, value retention and liquidity. 2019 pricing ranges from low $700K to $2M for ocean front penthouses.
The condominium of Hacienda de Mita was built in between 2005 and 2007 and the started with the right foot as selling the 1st phase in the first 30 daysof presale! Featuring a total of 96 condos divided in 3 phases. Originally the Project had also 6 villas that where going to be located right behind the 3rd phase and next to the HOA office but that Project didn’t happened and the developer kept that parcel (which was subdivided from HDM´s original lot. Prices on presale started between the 650k to 750k per unit.
The Project was developed by Manuel Ramirez and Jaime Gonzalez which choose Jerplan as the builder. And as you know Hacienda de Mita is a part of the Punta Mita complex, so as being one of the only 3 projects that feature condos inside Punta Mita the owners of Hacienda de Mita an enjoy the same Access and amenities as any other property within the comunity of Punta Mita.
The lot of Hacienda de Mita its the only lot of Punta Mita that its adjacent to the Punta Mita Village and in the past, previuos developers saw this as a disadvantage where the Hacienda de Mita crew saw it as another amenity where you can enjoy the best out of both Worlds walking distance, of course they where right and most of the guests that stay in Hacienda de Mita love this feature which enhances the cultural experience of their time in Punta Mita.
Hacienda de Mita it has been a Project that was ahead of its time, while original builders of Punta Mita where focused in building large houses, the Hacienda de Mita developers saw the need and advantage of having 3 and 4 bedrooms condos that give owners their sense of home and guests the sense of a hotel/residence accomodation where they can enjoy the beautys of a hotel service with the warmth of a home. This combination actually made Hacienda de Mita one of the first communities that started vacation rentals in the área and now for sure one of or probably thr hottest rental product in ALL Punta Mita.
Rental income for a Hacienda de Mita condo varies from the $500.00 dlls a night in low season to the $2,000.00 dlls a night in the high season, which proves that the HDM owners that want to rent aggresively can generate a gross income of over 100K a year.
Talking about the expenses that a HDM unit has, it varies between the $33,000.00 dlls to $36,000.00 dlls per year, this includes ALL expenses such as insurance, hoa fee’s, golf club dues, electricity, wifi, property management, cleaning and maintenance supplies, tv programming, etc.
All HDM condos are 3,800 square ft and they share the same layouts, what it changes its the ground floor having a extended terrace and the penthouse units feature double height ceilings on the master and living room. What it really makes the difference its the location and views of each building.