(text provided courtesy of VirtualVallarta.com)
Real estate opportunities in Sayulita and San Pancho, two of the more popular communities along the northerly coastline of Riviera Nayarit, have traditionally consisted mostly of single family dwellings, built by individual owners. However, some small real estate developers have been entering into these markets to also offer condominiums and gate residential developments. Litibu is a mega-development that is just outside of Banderas Bay, next to Punta de MIta, and it offer will offer new real estate opportunities when sub-developers start building, built around a Greg Norman golf course.
Although Riviera Nayarit actually begins at the state border where the Ameca River separates the two states, we usually refer to the stretch of coastline from just outside the Bay of Banderas to San Blas as the northerly section of Riviera Nayarit. This coastline is not as developed as inside the shores of Banderas Bay, but it definitely is where future development will be taking place.
While a highway connects to Sayulita through the developing area of Litibú on the north side of Punta de Mita, the main highway (Mexico 200) takes a winding route through the mountains to arrive once again at the coast. New entrances have been built from the highway to access each of the three major towns mentioned. Visit each one to discover its particular character. Since the area faces the Pacific Ocean rather than the bay, breezes tend to be more constant throughout the season, reflected in the open architecture of the homes.
Sayulita Real Estate
Sayulita is primarily known as an art community with a growing foreign presence effecting not only prices but availability of services. Villas, boutique hotels and colorful residences are some of the options for rentals. The main beach is fronted by businesses, restaurants with beach palapas, stores, a cyber café and a well-developed beach campground with security, clean showers and other facilities. Right on the beach you’ll find the surfing school with classes easily arranged for all ages and abilities. Walking around town you’ll discover art galleries, more boutiques and chic local restaurants and cafes. During the annual Sayulita Days of the last week of February, local events include live music, street dancing, stands with handcrafts and other wares as well as samples of local cuisine. Most real estate opportunities are homes built by individuals that are located on the hillsides overlooking the town and the ocean, however Punta Sayulita recently launched its gated residential development, offering homes and homesites, which consists of the southerly point of the cove in which Sayulita resides.
San Pancho Real Estate
San Pancho (San Francisco) is a more rural town accessible once again off the main highway by bus or private vehicle. One main street lined with restaurants, cafes and shops leads into town dead-ending at the beach where parking is allowed for day-trippers. Options for rentals include a boutique hotel in town, a larger resort hotel on the north end and a number of private villas and homes. Unique to this coast are the exhibition polo grounds with regular Saturday matches from November to May. During San Pancho’s annual birthday September 26, expect a week-long series of events including street stands with local cuisine, a religious procession honoring patron saint San Francisco de Assisi, a parade on horseback including the polo club and local charros and finally, fireworks, live music and a street dance. Most homesites were built by individual owners, but a few new developments offering gated communities are now in development as well.