EL
CENTRO
Downtown or “El Centro”
(The Center) was the original nesting
place for foreigners, and remains popular
today. One part of this area is even
generally called ‘Gringo Gulch’
as a testament to its popularity with
ex-patriots. (Liz Taylor and Richard
Burton had homes here…across the
street from each other, they built a
‘love bridge’ over the street
which still stands today to connect
the two.) Residents here are right in
the middle of the best of Puerto Vallarta,
with nearly unlimited dining, shopping,
and entertainment facilities available
within short walking distances. Some
of those walks can be up and down steep
hills and steps, however…houses
start climbing the mountain just a few
blocks from the beach behind the famed
malecòn, the beach-front ‘boardwalk’.
On the other hand, the hillside homes
offer incredible views of Puerto Vallarta’s
famous spectacular sunsets and nightly
fireworks show, and the breezes tend
to keep the air in your house cool and
fresh.
Nearly
everything about this area reminds you
that you are in REAL Mexico…the
cobblestone streets, tile roofs, and
colorful flowers hanging off every other
balcony. The architecture style is typically
very traditional…there are very
few ‘modern’ style homes
here. Residents here have the ability
to stroll to either end of the Malecòn,
Los Muertos Beach, or Viejo Vallarta
in under 15 minutes, and take advantage
of the hundreds of restaurants, shops,
and galleries without worrying about
driving and parking.
Not
all of El Centro is hills, however.
On the South side of the Cuale River
lies a long flat valley which is Viejo
Vallarta (say “Vee-Ay-Ho”).
The name means ‘Old Vallarta’,
and is a bit of a misnomer in that it’s
not actually the oldest part of town,
but it certainly is the neighborhood
which has most retained the traditional
feel of a Mexican town. Viejo is filled
with shops and cafes and is home to
‘Restaurant Row’ where you’ll
find outstanding dining ranging from
casual to luxurious. The neighborhood
supermarket is here, as well as hundreds
of shops and small galleries, cantinas,
sports bars, night clubs, and all the
typical services you might need from
plumbing and electrical stores to fabric
and furniture vendors.
On
the Los Muertos Beach and bit South
of Viejo Vallarta is ‘Olas Altas’
(meaning 'high waves', even though they
are not really), which has a variety
of housing options from apartments to
high-rise condos. Again, there are lots
of shops and restaurants, and the bars
and restaurants on the beach tend to
be the center of social activity day
and night.
Many
residents in El Centro don’t own
cars, enjoy the freedom from automotive
expenses and driving/parking hassles,
and use the plentiful (and inexpensive)
busses and taxis when they need. In
any other part of Puerto Vallarta a
car is almost a necessity. Real estate
in El Centro can be more expensive than
in other parts of town, but the atmosphere,
convenience, and social activity more
than make up for the higher prices.
CONCHAS CHINAS
Just South of Puerto Vallarta ‘proper’
is the exclusive domain known as Conchas
Chinas. Perched on the rocks overlooking
the bay, residents here arguably have
the best views of
the
city and water and lay claim to the
most beautiful collection of architecture
anywhere along the Pacific Coast of
Mexico. Traditional hacienda-style homes
built in the 50’s and 60’s
blend with multi-million-dollar masterpieces
of today along winding streets on the
mountain which drops to the sea.
This
neighborhood offers wonderful challenges
to creative architects and builders,
and the results are nearly always multi-level
masterpieces. Exclusivity and privacy
are the keys to residents here, while
they are still just a few minutes-drive
from all of El Centro’s charms
and services. While some homes host
year-around residents, many are used
as vacation homes and can generate a
handsome income as vacation rentals
for groups large and small. Water is
a key element in homes in Conchas Chinas…nearly
every home has a swimming pool or at
least some type of fountain or water
feature.
NUEVO VALLARTA
Drive North from the Airport and you’ll
cross a river into the state of Nayarit.
Here you’ll find not just another
state, but another state of mind in
Nuevo (‘new’) Vallarta.
It’s also in a different time
zone (one hour earlier than Jalisco),
but nearly everybody operates on “Jalisco
time” to avoid confusion or missing
flights. Nuevo Vallarta is the place
for those who let boating or golfing
take control of their leisure time…there
are three magnificent golf courses and
a modern world-class marina. Many residents
set sail from their back yards along
the canals that join the marina.
Single-family
homes are luxurious and have lots of
space between them, filled with lawns,
gardens, pools and patios. While of
course you will find traditional Mexican
style homes, many have chosen to build
in more modern styles, and they coexist
side-by-side given the large lots. Several
high-rise condo projects share space
with the many hotels along a long, flat
beach perfect for swimming or jogging.
A modern shopping center and grocery
stock most of what you’ll need,
and more expansive shopping is available
about 15 minutes away in Puerto Vallarta.
There
are still many undeveloped lots available
for those who want to build from scratch,
as well as planned communities. Chief
among these is the beautiful Paradise
Village, which includes a hotel, condos,
villas, marina, golf club, and more.
Situated at the East end of Nuevo and
where the marina enters the bay, this
project seems to combine all the best
of Nuevo Vallarta with the convenience
of location closest to all of Puerto
Vallarta’s charms.
While
there is a good selection of restaurants,
Nuevo has only been under serious development
for about a decade or so, so today’s
builders and buyers will have only more
and more available to them as the area
grows and attracts additional eateries
and services.
PUERTO VALLARTA “IN TOWN”
Between El Centro and the Airport are
dozens of neighborhoods where ‘gringos’
will find suitable homes for vacation,
full-time living, or retirement. Just
because you’re not in a ‘tourist’
area doesn’t mean you’ll
be an outsider…neighborhood friendships
are just as common here between foreigners
and ‘locals’ as in the other
areas more dominated by folks from the
U.S. and Canada. And because these aren’t
newly-developed areas catering to tourists,
the prices tend to be much more reasonable
for many people.
Less
than a mile from the beaches are family
neighborhoods where many gringos find
their perfect home in houses and condos,
with as many or few of the modern conveniences
you may desire. Homes here tend to lack
yards (and the required up-keep!), but
many have open courtyards or brick-paved
'gardens' for outdoor relaxation and
entertaining. The Versailles neighborhood
is often chosen for its location close
to major thouroghfares and modern shopping.
More local services are available in
these ‘non-tourist’ areas
too, without having to fight the occasional
busloads of tourists gawking on the
sidewalk in El Centro.
Seamen
and landlubbers alike come to Marina
Vallarta for the in-town convenience
of a primarily condominium community
which surrounds the Puerto Vallarta
marina and is close to the beach and
city’s ‘North end’
shopping and services. There’s
also a golf course here with fairway
homes and townhouses, and a wide variety
of restaurants. While not on the beach,
there is public beach access within
short walking distance.
NORTH SHORE
The area along the bay between Nuevo
Vallarta and Punta Mita has several
areas that are attracting more and more
foreign residents. Some if this is due
to the growth of Puerto Vallarta as
a city and the Vallarta region as a
whole, where more people are deciding
to go to enjoy the amenities of Puerto
Vallarta while still living in a smaller
town.
First
stop north of Nuevo Vallarta is Bucerias,
which is currently growing rapidly in
popularity. Here you are less than half-an-hour
away from “PV”, but have
nearly all the services you might require.
The beach is long and sandy, and prices
for property just off the beach are
vary reasonable…the house you
wanted a few years ago in PV that is
now out of your price range is available
here.
La
Cruz (full name: La Cruz de Huanacaxtle,
which can sprain the tongue of even
native-Spanish -speakers, so everybody
just calls it 'La Cruz') is just another
5 minutes West of Bucerias, and is becoming
another ‘hot spot’ for foreign
investment. The town has a small fishing
fleet and several very nice restaurants
to take advantage of the daily catch.
Punta
Mita is at the tip of the bay, about
an hour’s drive or less from PV.
There are actually 2 Punta Mitas….the
original town resided at the very tip
of the bay until a decade or so ago
when the entire point was purchased
by developers and moved the existing
residents a bit East to El Corral. So
while the two side-by-side towns of
El Corral and Emiliano Zapata are considered
by all the locals to be Punta Mita,
the Punta Mita Development Corp. bills
the point and its ultra-luxurious resort
as Punta Mita as well. If you’re
in the market for a super-luxury home,
the ‘new’ Punta Mita is
for you. If you’re not quite in
that income bracket, the ‘old’
Punta Mita is a lovely if sleepy little
town, but quite a few gringos have immersed
themselves in the town and real estate
opportunities here are still excellent.
Even
Further North
If
you drive west out of Bucerias but stay
on highway 200 rather than exiting towards
La Cruz and Punta Mita, you'll wind
your way across some low mountains and
end up on the Pacific coast again. Many
home buyers and real estate investors
are choosing this area for the considerably
lower costs of property compared to
Puerto Vallarta, and also have appreciation
in mind. The area is, in fact, slated
for tourism development by the Federal
Government, which will eventually bring
better roads and perhaps an additional
international airport to the region.
While we can only speculate as to the
timetable, any such development will
surely add value to any property purchased
in the near-term.
First
stop is Sayulita, which has become a
thriving surfer's town with a bohemian
feel to it, and has seen much growth
and gringo influence in the past half-decade.
About an hour from Puerto Vallarta,
it is still a humble town without a
supermarket, but most everything one
needs can be found at the stores around
the town square, and weekly trips to
the Puerto Vallarta Wal-Mart are a habit
among most of the ex-pats.
Within
the next 30 to 45 minutes driving time
north are San Francisco (also known
as San Pancho), Lo de Marcos, Rincon
de Guayabitos, and La Peñita.
San Pancho especially has been popular
among foreigners recently due to low
property prices and a beautiful beach.
All these towns and areas are likely
to prove themselves as good investments,
considering current pricing and rate
of growth.
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