83566 Playa La Jolla, 1-40, Outside of USA,
$24,500,000
Property Type:
Land and Lots
Lot Size (sq. ft.):
596,772
Status:
Active
Current Price:
$24,500,000
List Date:
4/25/2023
Last Modified:
9/22/2023
Description
25% return incentive on 13 unfinished units and adjacent pool by advancing 1.8 million on JV bases once these 13 units are sold, plus first right opportunity in future phases. Offering Seller Financing for this entire shovel ready project. Phase 1, 2 and 3 can each be sold separately. Sea of Cortez - 13.7 Acres of prestigious seaside gated community of Puerto Penasco, a perfect destination for relaxation. Just a short fifteen to twenty-minute drive from the city center, Puerto Penasco offers a safe and friendly environment for families, groups, and individuals. Shovel ready and offering Seller Financing with 25% down 8% interest, 5 year balloon. (see motion Video)
Supplements: MAI APPRAISAL available upon request.
More Information MLS# 6548595
Contract Information
Current Price: $24,500,000
List Price: $24,500,000
Status: Active
List Date: 2023-04-25
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: C90
House Number: 83566
Street Name: Playa La Jolla
St Suffix: --
Lot #: 1-40
City/Town Code: Outside of USA
Zip Code: 00000
Country: Mexico
County Code: Other
Add'l Parcels: No
Assessor Number: 000-00-000
Subdivision: 13.7 acre development of 263 condominium, 37 home sites.
Tax Municipality: OUTSIDE ARIZONA
General Property Description
Apx Total Acres: 13.7
Apx Total Acres G/N: G
Price Per Acre: 1788321.17
Apx SqFt: 596772
Price Per SqFt: 41.05
Apx SqFt G/N: G
Lot Size Dimensions: Irregular
Zoning: MF, Hotel, RES
Elementary School: Out of Maricopa Cnty
Jr. High School: Out of Maricopa Cnty
High School: Out of Maricopa Cnty
Elementary School District: Out of Area
High School District: Out of Area
Remarks & Misc
Cross Street: Interstate 3 & Freemont
Directions: Take Freemont west of Interstate 3 to Cam A Playa Encanto, road ends at development.
Geo Lat: 31.537889
Geo Lon: -113.726306
Status Change Info
Status Change Date: 2023-04-25
Legal Info
Lot Number: 1-40
Pmt & Rate Info
Equity: 24500000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: ShowingTime
Property Features
Special Listing Cond: N/A
Existing Land Use: Other (See Rmks)
Zoned Presently: Hotel/Motel; Recreational; Other (See Rmks)
Potential Use: Retail; Hotel/Motel; Recreational; See Remarks
Parcel Size: 10.00 - 19.99 Acres
Development Status: See Remarks
Land Features: Waterfront
Elevation: Below Sea Level
Elevation Source: Other (See Remarks)
Vegetation: See Remarks
Land Configuration: Other (See Rmks)
Roads/Streets: Gravel; Treated; Asphalt
Traffic Count: Up to 5,000
Freeway/Highway: 1.1 - 2 Miles
Water: Other
Sewer: Sewer - Public; Other (See Remarks)
Electric: Other (See Rmks)
Gas: Other (See Rmks)
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: Call Listing Office
Distance to Electric: Call Listing Office
Distance to Gas: Call Listing Office
Distance to Sewer: Call Listing Office
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Rmks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash; Seller May Carry; 1031 Exchange; Trade
Seller May Carry (SMC) Payment: Other (See Rmks)
Use Restrictions: Other (See Rmks)
Reports/Disclosures: Soil Test; Percolation Test; Seller Prop Disc Stm; Archeological Site; Coastal Barrier Act; Appraisal; Boundary Survey Avlb; ALTA Survey Alba; Development Pln Aval; Special Assmnt Dist; Water Cap/Qualty Rep; Vicinity of an Airport; Flood Elevation Certificate; Other (See Rmks)
Environmental: Phase I Available; Phase II Available; Other (See Rmks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Documents
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: September - 22 - 2023

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