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An oceanfront villa in Mexico has sold for $17.5 million, setting a record, according to the developer, RLH Properties, for the Riviera Nayarit region, which is on the country’s west coast.
Part of One&Only Mandarina Private Homes, the home was purchased by a Boston-based partner at a private equity fund, according to Mandarina.
The villa, one of the largest oceanfront parcels at the Mandarina resort, according to Catherine Martin, sales director at Mandarina.
"It shows the value of global luxury branded real estate and the allure of this beautiful natural stretch of the Mexican Pacific coast,” she said in an email. “Mandarina is second to none in luxury holiday destinations for those in the know."
Boasting views of the Pacific Ocean, coastline and jungle, the more than 12,000-square-foot home—which is still under construction—will feature oversized windows to frame the vistas, plus retractable doors that expand the living space. The villa is set to be completed in about two years. The layout will offer eight en-suite bedrooms, plus three powder rooms, according to marketing materials. It also boasts another 6,164 square feet of outdoor space, and is surrounded by the green mountains of the region.
The design was helmed by Tucson, Arizona-based architecture firm Studio Rick Joy, which used natural and locally sourced materials throughout the build.
Amenities are set to include an office, a gym and a rooftop lounge area, according to marketing materials. The villas will also have a suite of Delos’ Home Wellness solutions to control air and water purification and humidity levels, as well as a circadian lighting system. Outside, there’s a waterfront infinity pool, a fire pit, water features and a hammock lounging area in the tropical gardens.
There are a total of 55 private residences planned for the project. Home prices start at $4.5 million USD, click here to view video and more info. Residents will have access to the larger resort, which offers a One&Only spa, a beach club and a number of restaurants, plus a kids’ club and staff-curated experiences.
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