A Small Corner of Mexico Is Experiencing a Rising Tide of Property Investment

07/28/2016 The New York Times

punta mita.jpgPUNTA DE MITA, Mexico — Interest in this small corner of Mexico by one of the world’s richest men has helped attract an influx of wealthy investors.

In 2014, Cascade Investment, the private investment firm of Bill Gates, the Microsoft co-founder, bought 19.5 hectares, or 48 acres, of undeveloped beachfront land and the Four Seasons hotel site in Punta Mita, a gated residential resort on the Riviera Nayarit, 40 minutes north of the town of Puerto Vallarta. The cost was reported to be $200 million.

“Bill Gates buying land in the area has had a real impact,” said Aaron Fisher, the sales director at Punta Sayulita, another residential development on the Riviera Nayarit. “We needed high-end clients and now they’re coming.”

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