Encantame Towers, Playa Encanto

tndr_cpl

Active Member
#42
They graded a road from the road to Playa Encanto to the lot. This was before the flood so I don't know if it is still there.
The road to the lot is there. We drove up it last weekend to take a look at the lot and the area around it. We have a house in Encanto and wondered where our new neighbors might be.
 
#43
Sonoran Sea owner and just bought at Encantame. First time post, interesting reading in this thread. The builders are the same ones who finished the Sea, Spa, Princesa, and Puerto Privada. Each one sold out and delivered on time. Its a no brainer for me. Casago is going to be managing the property. Over 100 sold already. 200 to go...... I expect my 2br 2ba that I bought for 314,000 will be selling for 400,000 or more by the start of construction.
 

ernesto

Well Known Member
#47
Never ever buy anything down there on a presale promise. I don't care what their track record is, it's too easy to hide behind their legal system down there and screw the buyer. How many examples of that does a person need? Hand them the money in one hand, get the trust and the key in the other.It's the only way, sorry.
 

Landshark

Well Known Member
Forum Supporter
#49
Actually Ernesto’s advice is right on, couldn’t have said it better. Many innocent people have lost their life savings when investing in real estate in Mexico because they didn’t follow this simple rule. Maybe Encantame Towers will be the exception to the rule, I hope so for your sake and the other 100 with their hard earned money invested in this project. But in general the rule of investing in Mexico remains the same and always will, “Hand them the money in one hand, get the trust and the key in the other.” Implying otherwise will put many at risk and none of us want to see that happen again.
 

Roberto

Well Known Member
#50
1. If it is fully funded why not just build it then sell.
2. Anyone else disbelieve that 100 have been sold at this date? This is a big red flag. Back in the day this was a technique used to blow and go. Local market movers would 'reserve' an entire floor with no money down. The biggest mover of the past is responsible for many of the steel structures waving in the wind and millions of lost dollars taken from trusting investors..

And yes we have seen occasions in the past where a 'newby' signs on to the forum to promote something. Patently transparent BULL, $100K profit before the start of construction ! Only a fool would believe that. This may be a good development, time will tell, but SSE is only damaging the development . I think this guy is a hot sales person from Chicago !!

Remember Force Majure !!
 

ernesto

Well Known Member
#51
I call it Horse Manure not Force Majeure. Look at Las Palomas phase 3. There was even a clause in their contract that called for refund of monies paid and they played the Horse Manure card. 12 flippin years ago. Buyer beware!
 

mondone

Whitecaps
Forum Supporter
#52
Sonoran Sea owner and just bought at Encantame. First time post, interesting reading in this thread. The builders are the same ones who finished the Sea, Spa, Princesa, and Puerto Privada. Each one sold out and delivered on time. Its a no brainer for me. Casago is going to be managing the property. Over 100 sold already. 200 to go...... I expect my 2br 2ba that I bought for 314,000 will be selling for 400,000 or more by the start of construction.
:pigsfly:
 
#53
1. If it is fully funded why not just build it then sell.
2. Anyone else disbelieve that 100 have been sold at this date? This is a big red flag. Back in the day this was a technique used to blow and go. Local market movers would 'reserve' an entire floor with no money down. The biggest mover of the past is responsible for many of the steel structures waving in the wind and millions of lost dollars taken from trusting investors..

And yes we have seen occasions in the past where a 'newby' signs on to the forum to promote something. Patently transparent BULL, $100K profit before the start of construction ! Only a fool would believe that. This may be a good development, time will tell, but SSE is only damaging the development . I think this guy is a hot sales person from Chicago !!

Remember Force Majure !!
You got to do your homework before investing. Simple as that. I have. Sorry for the people who didn't do their homework. Encantame has already raised the prices on the condos. So yeah, 100k higher price by the time they start digging is conservative.
 
#54
Actually Ernesto’s advice is right on, couldn’t have said it better. Many innocent people have lost their life savings when investing in real estate in Mexico because they didn’t follow this simple rule. Maybe Encantame Towers will be the exception to the rule, I hope so for your sake and the other 100 with their hard earned money invested in this project. But in general the rule of investing in Mexico remains the same and always will, “Hand them the money in one hand, get the trust and the key in the other.” Implying otherwise will put many at risk and none of us want to see that happen again.
That's how people remain poor, they don't do their homework and wait. And pay 100k more for the same condo I bought. Good luck.
 
#55
Same builder for the movie theater too that is just about finished. Great track record in starting and completing projects. They are all around Rocky Point. Sad to see the speculators here who have no clue what they are talking about with the Encantame project. Missing out. Stay on sidelines, to each his own.
 
#60
mm-hmm, then why such the hard push on the project. Hope you are being honorable, but history dictates something else. Word of advice for joining this forum, probably best you do a little toe-dabbing around here first before trying to make the big splash.
Shocked by all the disinformation here from people's past prejudices on past failed projects. Started my own thread. New to this forum so will get out of this thread. No splash intended. The information is not for people that are convinced its a failure before the first shovel in the ground. But for new people who want facts on Encantame, since I bought, I have more information than the people who would rather bash something they don't know anything about.
 
Top