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LA VIDA A SERA RESORT
La Vida is an exclusive community of only 23 residencias located just minutes north of Puerto Vallarta's international airport in the romantic seaside village of Bucerias. This beautiful beachfront development perfectly balances resort services and amenities with the security and feeling of being home. Designed by renowned architects Fernando de Haro and Jesús Fernández, the quality and distinction built into each of our homes is truly impressive, blending the best of natural materials with the elegance and classic lines of contemporary colonial architecture. Come explore La Vida, "The Life."
BANDERAS BAY
On magnificent Banderas Bay, the seventh largest natural Bay in the world and home to over 300 days of sunshine a year, La Vida truly is one of the most seductive locations in the world. Along this 20-mile stretch of coastline north of bustling Puerto Vallarta, lies a series of quiet seaside villages.
PLAYA Y PUEBLO
La Vida is located in the heart of Bucerias, a charming seaside village just 15 minutes north of Vallarta's International Airport, easily within reach, yet worlds away from the hustle and bustle of the crowds.
Stroll along miles of beautiful beaches and you may see a local fisherman casting a hand-line wrapped around a Coke bottle, a diver looking for oysters, or a flock of pelicans lazily gliding above the waves.
Enjoy spectacular sunsets from your own terrace, then watch the city lights of Vallarta begin to flicker across the waters of Banderas Bay. Wander out for dinner at one of Bucerias' many great restaurants, including the incomparable Mark's Bar and Grill just 2 blocks away. Or take in the sights and sounds surrounding Bucerias' central plaza, where you can enjoy a wonderful bowl of pozole, a freshly made churro, or a fish taco.
For a little adrenaline kick, head to Vallarta, the most beautiful city on Mexico's Pacific Coast, for great shopping, wonderful restaurants and world-class galleries. Play golf at one of the areas' Jack Nicklaus Signature golf courses, learn to kite surf, or jump in a panga boat and watch whales breaching just off shore.
Bucerias is a very special place to live, and LaVida is a very special place to call home.
RESIDENCIA FEATURES
Creative design elements and uncommon features are an integral part of the La Vida lifestyle. As a representative sampling, each home includes:
- Gracious entryways with stone rugs laid by a master craftsman
- Terracotta floors with pebble accents
- Tropical hardwoods
- Exquisite artisan hand-made lighting fixtures
- Private heated pools
- Color-tinted concrete kitchen and bathroom counters
- Wolf ranges
- Subzero refrigerators
- Bosch dishwashers
- Remote-controlled zoned air conditioning
- Double-filtered UV water-purification system
Simply the finest materials and conveniences, combined artistically and tastefully, are used in La Vida.
INDIVIDUALLY FOCUSED DESIGN
To make your home truly yours, we offer the creativity and artistry of Patti Gallardo, a distinguished Design Architect and 28-year veteran of Vallarta who has helped define “Mexican Contemporary.” Originally from Toronto, Patti's designs have been featured in numerous publications including National Geographic Traveler and Chatelaine. Patti will apply her innovative talents to create your individually focused design as she did for the celebrated villa of Richard Burton and the award-winning Hacienda San Angel among other notable villas around Banderas Bay. From interior to exterior, each residencia will reflect the personal taste of the individual homeowner while keeping within the La Vida design philosophy.
La Vida is a pet-friendly community.
Please Note: All features and options are subject to change without prior notice by the developer.
ACTIVITIES
Life in LaVida offers many activities to enjoy, and our concierge will be happy to arrange any of them for you. Here are just a few:
Golf at one of the area's world class golf courses
Tennis,
Sport fishing,
Whale watching,
Scuba diving and snorkeling,
Massage in LaVida's own open-air mini-spa
Shopping and art galleries
Charitable works
FEATURED AMENITIES
World-class vistas over beautiful Banderas Bay
A clean, sandy beach that stretches for miles
Spacious residencias with large, open floor plans
Choice of 2, 3, 4-bedroom residencias
Lush landscaping to surround each residencia with beauty and privacy
Maid and pool cleaning services
A lovely palapa-covered beach club with a fitness center, large infinity pool and daily bar/snack service
Three elevator towers that are keyed, serving Villas and Penthouses
Assigned parking for each residencia
Guest parking
A staffed reception area
Assigned storage areas
SERVICES
There is a small full-time administrative staff to help homeowners with everything including:
- Paying bills (electric, phone/Internet, cable TV, etc.
- Arranging for any routine home maintenance
- Making reservations for travel, sports activities, restaurants, car rentals, etc.
- Maid service, pool cleaning, landscape and property maintenance are also included in monthly maintenance fee
Our staff is here to make your homeownership in Mexico as stress-free as possible.
La Vida homes will have the ultimate rental potential in Bucerias. A website will be created to help rent homes for absent homeowners, and the administrative staff will manage all rentals and all necessary tasks for each homeowner.
Homeowners will be secure in the knowledge that La Vida has a closed-circuit camera network as well as 24-hour security, both at the beach and at the reception area.
NEWS
March 8, 2007 LaVida Launch Event
Over 300 guests visited LaVida's newly opened Beach Club for an evening of dining and entertainment. Sixty Real Estate professionals from over 14 offices stopped by to see first hand the development that will soon be recognized as Bucerias' most beautiful and upscale residential beachfront property. Also in attendance was Fernando de Haro, LaVida's architect and author of many architectural coffee table books. Marco Alvarez, one of Vallarta's own local artists was also a guest. He was commissioned provide a large painting for the Beach Club. The event was a success by all measures. Highlights include great food and drinks catered by Eventful Moments Vallarta, a mariachi band, music by the Frixoleros and a fireworks display to cap off the evening.
Spring 2007 – LaVida Partners with CarVal Investors
LaVida is pleased to announce CarVal Investors as a strategic financial partner. CarVal has invested in other real estate ventures in the Puerto Vallarta area and is very experienced in Central and South American real estate development. CarVal Investors (CVI) is a leader in opportunistic value investing. Founded in 1987 by Cargill, CarVal Investors has quietly acquired more than $20 billion in assets in 2,900 transactions. The firm has been a first mover or early entrant across the globe, having invested in 35 countries. Today, CarVal Investors manages over $12 billion in assets.
The strength of such a partner ensures the financial stability of LaVida and gives great confidence to our owners and future buyers.
FINANCIAL DETAILS
With a $25,000 USD deposit, a specific residencia can be reserved for a period of one month from the date when the prospective buyer has received the Purchase and Sale agreement, Condo Regime, Floor plans, and Pricing and Payment terms. This deposit will be held in a Master Escrow Account with First American Title Insurance Company of Miami, Florida. If, after the month, the prospective buyer decides not to purchase, the deposit will be refunded in full. If the prospective buyer decides to move ahead by signing a sales contract, the $25,000 deposit will be applied toward the required down payment and held in an individual Escrow Account in the buyer's name until funds are released to the developer.
Payment Schedule
- 35% upon signing of a sales contract (minus reservation deposit)
- 25% due at 3 months after signing of contract
- 25% due at 6 months after signing of contract
- 15% due at closing.
Closing costs, Notary fees and any Bank Trust fees will be the responsibility of the Buyer. All payments will be made through First American Title and will be released to the developer starting at commencement of construction.
CONSTRUCTION SCHEDULE
Construction is anticipated to be completed Summer 2008
MONTHLY MAINTENENCE FEES
Monthly Maintenance Fees for all non-beachfront homes will be $2.90 USD per square meter of total construction per month. Beachfront residencias will be $3.60 USD per square meter of total construction per month. Note: Maid service and pool cleaning are included in the monthly maintenance fee. (WHAT ELSE IS??)
CONDOMINIUM REGIME
The La Vida Condominium Regime is a Vertical and Horizontal regime, and is available by request at the La Vida Sales Office.
OWNING LAND
THE BANK TRUST
Until 1993, it was not possible for foreigners to hold title to land in Mexico that was within100 kilometers from a border, or 50 kilometers from either coast. In the 1980s, however, it became obvious to the Mexican government that foreign investment in real estate would be an important way to establish a strong and stable economy.
In 1993, then, the Foreign Investment Law was passed whereby foreigners may purchase land in restricted zones provided the deed is held in trust by a trustee. Thus, banks such as Banamex and Bancomer operate as trustees and can hold your deed in trust for you. The banks, which must hold a permit issued by the Mexican Secretary of Foreign Relations, charge an annual fee for this service, generally around $500 USD. The trust agreement is valid for 50 years and must be renewed thereafter for another 50 years within 90 days of the expiration of the first term.
It is through the use of this trust arrangement that compliance with the Mexican Constitution can be maintained: technically you, as a foreigner, do not hold your deed. Instead, it is held in trust for you by a trustee.
Do not confuse this with a 99-year lease. When you buy land in Mexico, you are buying it, not leasing it. You may sell the land at any time, and you may leave it to anyone you choose in your will. If you sell it or bequeath it, the new owner, if a foreigner, must set up a bank trust, just as you did. But in his case, the first 50-year term commences at the time the land is transferred; it does not date from the time you initially purchased the land.
Land may be purchased in more than one name, and in the deed, you will also be asked to name substitute beneficiary(ies) in the event of your death. Also, you should know that when you set up a real estate trust, you must agree to adhere to the laws governing real estate transactions in Mexico, and not those of your own country.
DEVELOPER
The developers of La Vida have a wealth of experience, with over 30 years building projects in Mexico and the United States. Projects include up-scale second-home communities, multi-unit retail outlets and shopping super-centers. La Vida is a collective development effort of The InvestLinc Group and Será Resorts. Architectural services are provided by Fernando de Haro and his Mexico City-based company, ABAX. Bahia Construction, based in Bucerias and recognized throughout Banderas Bay for its professionalism, efficiency and quality, is the builder for LaVida. Visit the following websites for more information about our development team.
