Via PRWeb - Cabo Riviera, a marina and golf development on the East Cape of the Sea of Cortez has received the final permits and will begin construction starting January 2008. The development will be located along a three mile strip of beach near La Ribera on Sea of Cortez just 45 minutes North of the Cabo San Lucas International airport.
More than 400 marina channel lots will be offered for home sites which will include the option for a private dock for personal watercraft. Included in this master plan are two five star resort hotels with a 18 hole Pete Dye golf course with the option for 9 additional holes. Golf course and beach front lots will also be available for custom home sites.
The forecast is to have the marina and golf course competed in 2010 however the completion of the entire master plan to include commercial space, resort villas, employee village, and the final phases of the marina and golf course, do not have a published completion date at this time.
The developer, Marino Mariscal, has recently completed the La Salinas marina in Ensendada. His developments include 217 projects with 310 million square feet and most currently completed Lighthouse Point Estates, a home-site development just South of La Ribera.
The first phase of channel lots was recently opened up for reservations to friends and family offering a substantial discount prior to all the permits being obtained. Now that all the permits have been issued and construction is scheduled to commence in January, the general public may purchase channel lots in the first phase while they last, at similar discounts for a short period of time.
Clients that own property within the development will receive discounts on golf and marina services. The marina will have dry dock storage with concierge services which will enable property owners to call in advance to have their boat put in the water, fueled, and serviced, prior to arriving.
The East Cape is one of the top bill fishing destinations in the world, however due to the fact that there was no marina facilities in this area, the charter and private fishing boats have been moored off shore in the front the town of Los Barriles, Buena Vista, and Rancho Leonero, where the major fishing resort hotels are located. With the coming of the marina, the East Cape will now see the larger luxury sport fishing boats which require the protected marina facilities.
With the news of the marina, land speculators have been busy purchasing property up and down the coast line in anticipation of the influx of vacationers, retirees, and home buyers, which the marina and golf resort will attract.
This once reserved low key area of the East Cape which primarily attracted windsurfers and fisherman is now evolving into a destination resort community which has started to attract visitors from all over North and South America. Over the past two years property values along the East Cape have seen some the highest appreciation in Baja and is expected to continue at a rapid pace based on the anticipation of the marina and golf course, as well as other golf courses and resort developments are being considered.