The Marina Zone
The marina zone, being just five minutes from the airport, is loaded with huge beachfront condos and first class hotels. The marina area also has a very nice residential area located around the Marina Vallarta golf course. This 20 year old area experienced very slow growth until ten years ago, when the current real estate boom began. Today, the neighborhood is very close to 100% built out as is the beachfront where the hotels and condos are located. The last condominium complexes to be finished were Shangri-la which consists of five towers, each 16 stories tall and it is close to 100% sold out and Portofino, which has 230 condos and 10 beachfront villas, all of which are sold out.
There is a single new condominium complex currently just coming out of the ground in the marina area. It is Tres Mares where there will be four 25 story buildings built on the last piece of prime real estate in the marina area. Located at the end of the marina strip of land, Tres Mares will have a world class view of the bay looking south over the maritime terminal where the cruise ships dock, and the downtown area of Vallarta. Tres Mares will have about 570 condos, and a number of beachfront villas with prices running from $400,000 to $3,000,000 for the magnificent penthouses. Although this will be the last condominium project in the marina area, there are many re-sales available from the thousands of units in the area where prices have doubled in the last seven years and will probably double again in the next seven years.
The marina area is truly unique in that this beautiful marina, well protected from inclement weather, is the home of hundreds of million dollar yachts. World class restaurants and quaint boutiques semi-circle half way around the marina, providing a magnificent sight for visitors. A fully developed neighborhood is built on one side of the marina with canals running throughout so that all owners have their own private boat slips. Most all fishing trips originate in this marina area where it’s only five minutes to the open bay waters. This has to be one of the most beautiful marinas in the world.