A popular residential community known as San Besitos Residential started phase 5 of construction last month which now offers large three-bedroom floorplans and all homes come with large pool-sized lots with RV storage.
Over 40 homes have been sold since the inception of San Besitos over two years ago. The project has proven to be appealing to clients who want new construction homes at entry-level ownership pricing in a great location near Sams Club.
The new homeowners at San Besitos have access to a private common area that is completed with a large pool, two outdoor kitchens for family parties, gardens and more. The owner’s area requires an optional monthly, “community-use fee,” it’s not a mandatory “HOA” fee.
A new home will come complete with all appliances to include stove, refrigerator, fan over stove, garbage disposal, cistern, pump, propane tank, mini-splits with heat pumps, mirrors in bathrooms, towel bars/accessories, garage door and opener, hanging light fixtures, exterior coach lights, door stops and more.
Homes are connected to city water and sewer and the entire community has underground electric, and roads are paved with calichi.
A common question that gets asked is, “Is it possible to own property in Mexico and how does that work?” The great news is YES as a foreigner traveling or living in Mexico you can purchase property through what is known as a Bank Trust or Fideicomiso in Spanish. A Bank Trust is an agreement where the bank acts as a trustee and manages the ownership of the land along with any improvements and names the purchaser or anybody you choose to be as the beneficiary.
Bank Trusts are written for up to 50 years and they are renewable for any number of additional 50-year periods. If you assume an existing Bank Trust, make sure that there are enough years left in the trust that is satisfactory to you. There is an annual fee for a Bank Trust which varies depending on the bank from $400-$800.
For more information about San Besitos or any property for sale here in Rocky Point please contact any AMPI-affiliated Real Estate Advisor or visit www.sanbesitos.com
About the author: Joseph Sanchez is a real estate agent with RE/MAX Legacy and president of Rocky Point Home Builders a developer specializing in custom home design, construction and engineered renovations He resides here in Puerto Peñasco with his wife and three children and is originally from Chicago. For more information visit www.rockypointrealestate911.com on the internet.
