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83566 Playa La Jolla, 1-40, Outside of USA,

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


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
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: September - 22 - 2023
83566 Playa La Jolla, 1-40, Outside of USA,- MLS# 6548595
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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