Encantame Towers, Playa Encanto

ernesto

Well Known Member
There's a saying " when the US economy catches a cold, Mexico catches the flu". The last 2 times this happened were the unfortunate incidents of the terrorist planes hitting the towers, then the economic crash casing the "great recession" in 07-08. The builder you cite was far enough through the process and didn't idle or shut down as did many others. As evidenced by the rusted building skeletons still there. Investing is always a calculated risk, good luck to you with your presale down payment. ALOT of people lost ALOT of money. I wish you well.
 

brokenwave

Well Known Member
Let me get my blanket, Chicken soup and my Vit C, because I feel a cold coming on in the US.

SSE dream, Stating that the prices are going up $75-100K is a great way to scare more fish into the pond, sounds like salesman
not making their sales quota.

SSE dream don't take offense, many of us here on RPT have seen too many people drink this Kool aid and never recover when
the promises aren't fulfilled. They end up promoting how bad Mexico is to allow this to happen.

Buyer beware because this is Mexico and the rules are different here, recourse is almost non-existent here.
Ask some of those who were fleeced 10 years ago with some of the unfinished projects and recently with the
D. Butterfield, Esmerelda 15% return investment project.
We're just wary. Hope it works out for you.
 

Roberto

Well Known Member
Who owns the land there? Did you check the landowner at the registry?? Did you check for liens against the property. Did you get full disclosure who the partners are??
 

fatboyharley

Well Known Member
Just went out there yesterday to look around. Had not been there in years. Personally I hope it works out but I find it way to far away and isolated. Went to La Jolla also. I remember when there was great plans for that. I now understand why they are saying the towers will have a starbucks , bowling alley , etc. It's lack the convience of being close to town , one thing that Sandy beach has going for it.
 

SSE Dream

Active Member
My understanding is Miguel has owned that property for years.
owner/builder
MG Developments
Yup, he bought it 12 years ago. Plans were to start building then, but the economy collapsed. Now that there were a million crossings at Lukeville, the time is right to build.
 
Last edited:

SSE Dream

Active Member
Just went out there yesterday to look around. Had not been there in years. Personally I hope it works out but I find it way to far away and isolated. Went to La Jolla also. I remember when there was great plans for that. I now understand why they are saying the towers will have a starbucks , bowling alley , etc. It's lack the convience of being close to town , one thing that Sandy beach has going for it.
I’m glad it’s isolated. I like a getaway like that, that has all the amenities where I don’t have to drive anywhere. I own at Sandy Beach and look forward to this place’s isolation and better beach. No coral.
 

Landshark

Well Known Member
For the record, and for the sake of the people that have already invested their money in this proposed property, I hope it succeeds. Since this thread is now displayed on Google when you search for Encantame Towers, I think it’s important that Miramar’s post from the Encantame Tower Owners thread be displayed here as well. Most people will do their research before investing and in most cases will include a Google search. The links that Miramar included should be available for proposed investors so they can understand the history and risks of investing in unfinished properties or properties that haven’t even broken ground. Once again, I hope it succeeds.

SSE Dream, I suggest you are the one who needs to leave if you plan on silencing us! I remember Riviera Real saying there would be restaurants, and a highway from the airport. We've heard and seen everything-obviously you have not. Here are good sites to see the damages: http://rockypointexposed.blogspot.com/2008/01/rockypointexposedcom.html
https://tucson.com/business/investo...cle_10f53cde-e10f-5c3f-a438-5edf56c43e1e.html
my favorite: http://skyscraperpage.com/cities/?cityID=3403&type=all
 

marybna

Well Known Member
I bought at the Villages. The lot is paid for but I do not think I own anything. Even though I paid cash for the lot I never received title or any paper work.
 
Top