From the WSJ Real Estate Archives

More Americans Purchase
Second Homes in Mexico

by Sheree R. Curry
From The Wall Street Journal Online
August 28, 2006

More than a million Americans own second homes in Mexico, reports the National Association of Realtors. Growing interest in the area has prompted the NAR to offer a course on doing business in Mexico.

  • Loreto Bay, Mexico
  • Ixtapa, Mexico
  • Punta Mita, Mexico

PLACE/PRICE: Loreto Bay, Mexico / $380,000

FEES*: $2,100 per year

THE PROPERTY: 2 bedrooms, 2 baths, 1,515 square feet

DESCRIPTION: This 2-story house with courtyard reflects the Spanish Colonial architecture of the region. There are tile floors and arched entry ways. The buyer can choose a furniture package for an additional cost.

NOTABLE: Loreto Bay has 3 miles of beaches and is located two-thirds of the way down the Baja peninsula. The Villages of Loreto Bay, an eco-friendly community, has a spa and a 5,000-acre natural preserve. Each of its neighborhoods has shops near the homes.

* Fees include association dues, maintenance fees and taxes.

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