Welcome to Mandarina, the ultra-luxury resort and residences in the Mexican jungle currently under construction. It offers upside investment potential to high net worth buyers. Mandarina is located in Riviera Nayarit, along a nearly 200-mile coastline, less than an hour drive north of Puerto Vallarta’s International Airport (Licenciado Gustavo Díaz Ordaz).
Ricardo Santa Cruz, president & CEO, of RSC, the founding partner of Mandarina took almost a decade to assemble the 640-acre property from a variety of landowners, some of whom were initially reluctant to sell. “I was patient and worked with each landowner one by one to put together the parcels we needed,” said Santa Cruz.
Santa Cruz was well equipped for this challenge. He has a strong track record, negotiating 4,000 acres of strategic land acquisitions throughout Mexico for development purposes and securing more than $90 million of investment capital.
It started with a vision for this Mexican jungle, one of the last remaining beachfront jungles in Mexico. Mandarina was developed along a one-mile stretch of swimmable beach, with the goal of being the most significant new luxury resort and residential community Mexico has seen in decades. There is a long history to the land where Mandarina is located. Much is being preserved from mountains to shoreline to flatland to tropical jungle. “This is a pristine jungle. We are developing a low-density project while taking care of the land. Our design all along has been focused on having as minimal impact as possible,” Santa Cruz notes.
The One&Only Mandarina Private Homes will debut alongside the One&Only Mandarina beach resort, luxury Rosewood Residences, and Rosewood Mandarina.
The villas of One&Only Mandarina Private homes designed by the internationally noted Rick Joy Architects are selling quickly. Prices range from $4.5 million to $12 million. Since launching sales early this year, a range of North American buyers have purchased seven villas in Phase One.
There are 55 One&Only branded villas, all with ocean views. The striking contemporary architecture fits with the surrounding landscape. Homes range in size from approximately 8,000 to 18,000 square feet of interior/exterior living. The indoor/outdoor lifestyle is showcased throughout, taking advantage of the mild climate. Infinity-edged pools overlook the jungle, coastline, and ocean, all homes are positioned for privacy and of course the views.
Every detail of the homes are designed to draw buyers used to the best of everything, and willing to pay for it. Marc Schechter who runs an investment advisory firm outside Detroit was an early buyer at Mandarina. He purchased two homes with price tags of around $5 million each. Schechter was familiar with the general area as his parents owned a vacation home there for years. “I saw what was going on with Mandarina and was totally impressed. “I fell in love with the architecture and as an early owner, I got to work with the designer. I bought two homes thinking I may eventually sell one at some point.” He also plans to rent the homes out using them himself on select weeks. “I’m intending on receiving both cash flow and appreciation,” said Schechter, whose homes range around 8,000 square feet each.
Residents at One&Only Mandarina Private Homes enjoy a large menu of first-class custom-tailored services including property management, charging privileges at all hotel amenities, in-residence private dining and spa services, personal training sessions, travel arrangements, pre-stocked groceries, laundry and dry cleaning, medical services, and boat moorage.
No surprise sales are brisk since the One&Only brand is all about ultra-luxury living. The One&Only hotel at Mandarina is scheduled to open end of 2019. Listen to Phillipe Zuber, president and chief operating officer of One&Only Resorts. “We saw great possibilities in Mandarina for One&Only both with the private homes and the resort. It is a spectacular site by the Pacific Ocean and the architecture will create an iconic resort for both hotel guests and private owners. We are confident it will be unique,” observes Zuber.
Looking to attract the monied polo set, the Mandarina Polo & Equestrian Club will feature state-of-the-art polo grounds, a clubhouse, arenas, two tournament size polo fields, polo lounge, pro shop, horse boarding, dressage and on-site veterinary clinic. Other top shelf amenities include One&Only Majahua Beach Club and the One&Only Spa to name a few.
The Mandarina proves high net worth individuals are more than willing to pay for a privileged amenity-rich lifestyle in a unique setting.
*Originally posted on Forbes