The coastline changes again with a Tortuga Bay announcement.
Our neighboring residential resort, Tortuga Bay, on the beach of San Jose del Cabo, has just announced its plan to develop a second phase of the resort to include more two- and three-bedroom condos and additional amenities.
The resort will develop 89 new ocean-view condominium residences with additional pools, jacuzzi, fitness center, pickleball courts, firepits, garden-level BBQ areas, a dog park with shampoo station, and a beach-side Turtle Nursery. The Phase II development of Tortuga Bay will not complete the community. The future long-term development will also include additional non-view condominiums, shops, and restaurants along the Malecon.
The expectation is to begin developing 89 new residences starting in the Fall of 2023 when permitting is expected to be complete. There will be 72 two-bedroom condominiums and only 17 three-bedroom condominiums after a two-year build-out suggesting delivery of finished properties will be delivered toward the end of 2025. Similar to Las Mananitas, the property will finish out as a U-shaped community with the 6-story towers on either side and a 3-story building creating a half-moon shape with the amenities and features in the center.
There are two floor plans for each of the 2-bedroom and 3-bedroom options. The two-bedroom plans offer 1,300-1,400 sqft interior and a 160-220 sqft covered terrace. The three-bedroom residences offer 1,607-1,947 sqft interior and 300-3301 sqft shaded terrace.
Currently, the developer is accepting reservations based on a refundable ten-thousand dollar USD deposit. Those with reservations will be the first to be notified (in the order of reservation) once the properties are permitted and available with prices and specific locations. As of July, 2023, there are 17 reservations and the marketing team reports significant activity and interest.
If interested, you and your preferred General Realtor would sign a reservation form and transfer the $10,000 USD refundable earnest deposit into escrow. The escrow company charges a $650 USD administration fee, but should you cancel while the $10,000 USD is still refundable, the escrow company – in this rare case - will refund $500 USD of their $650 fee.)
Once the Fall of 2023 comes, prices will be announced, any existing reservations will be filled, and new inventory will be released to the public while prices will be expected to increase after every few consecutive sales. The offering to make your reservation is rare and makes Tortuga Bay a low-risk decision for many!
MICHELLE GEISLER ANDERSON