Oceanfront Development Site

Oceanfront Development Site
Petatlán, State of Guerrero, Mexico
2,259 Acres (914 Hectares) Oceanfront Property
Appraised $36 MILLION
Minimum Bid $19 MILLION
Past Auction

Property Highlights

Size
914 hectares (2,259 acres)
Location
Petatlan, Guerrero, Mexico
Appraised Value
US $175 Million (appraisal is for only 194 hectares)
Minimum Bid
US $19 Million
Price
US $2.07/m2

How to Participate

  1. Download Brochure Click Here
  2. Purchase Due Diligence
    No Longer Available
  3. Attend Inspection
    Visit Bahiamar! BY APPOINTMENT ONLY (Call +001 212-867-3333)
  4. Sealed Bid Auction
    Bids are due at 12pm on Thursday, June 6, 2013.
    Submit bids in writing by Auction Deadline to:
    Paramount Realty USA
    Attention: Bahiamar
    175 Great Neck Road, Suite 402
    Great Neck, NY 11021
Presenting Mexico's Largest Undeveloped Oceanfront Tourism Site RESORT - RESIDENTIAL - RETAIL 2009 CUSHMAN & WAKEFIELD APPRAISAL (for half of property): US $36 MILLION Will Be Sold At or Above MINIMUM BID US $19 MILLION The magnificent oceanfront property, known as Bahiamar, is approximately 914 hectares (9,140,000 m2 or 2,259 acres) in size. It is located on over 6 kilometers (almost 4 miles) of beach and lagoon front along the Pacific Ocean just south of the Ixtapa-Zihuatanejo tourism zone. The minimum bid reflects a price of just US $4.25 per square meter.
  • Boasts the most significantly developed infrastructure for tourism along the Pacific coast
  • 20 minute drive from the Ixtapa-Zihuatanejo International Airport (ZIH); direct flights from the US
  • Zoned for tourism development, including resorts, golf courses, marinas, retail and commercial development, villas and luxury condominiums
  • Envisoned as the "Cancun of the West Coast"
  • Property is strongly supported by the local, state and federal governments
  • Located in the city and municipality of Petatlán in the State of Guerrero
  • Situated within the Costa Grande region, which is comprised of approximately 500 kilometers (311 miles) of coastline extending from the border of the Mexican state of Michoacán to the city of Acapulco along the Pacific coast
  • Within driving distance from Mexico City, Leon, Acapulco, Guadalajara, Ixtapa and Zihuatanejo
The site infrastructure and property features include:
  • A highway that intersects the Bahiamar entrance and four-lane highway under construction from Ixtapa past the site
  • High voltage electricity
  • A microwave relay station and tower for communications systems
  • High quality fresh water sources and water wells for irrigation
  • On-site granite stone available for use as construction material
  • Lagoon, estuary, natural sea walls and thousands of coconut trees
The entire property will be sold at or above the minimum bid of US $39,000,000 (or US $4.25/square meter) in a sealed bid auction, representing a tremendous discount to the government appraisal. For a dynamic map of the area: CLICK HERE 3 Lots -- Buy 1, 2 or All 3. For additional information, please download the Brochure below; for more substantive information, please purchase the Due Diligence Package below. 10% Buyer's Premium. 2% Referral Fee offered by Seller.

Broker Participation

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