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Paradise Of The Mermaids More Photos
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Paradise Of The Mermaids More Photos |
Paradise of the Mermaids is a luxury development of 96 condominiums with large living spaces. There are three sizes of 1448 sq. ft., 1598 sq. ft., and 1686 sq. ft. All have 3 bedrooms and 2 baths. The penthouses have a second floor terraza of about 1500 sq. ft. and an additional bath and a palapa roof.Details
Buying a condo before construction allows prospective buyers to have an opportunity to secure a picking position and pre-construction, pricing. Buyers will be able to then select their condominium. Selection will be in the order that deposits were received.See More PhotosPreliminary sales contracts will be available for signing. The 20% of the condo price will be applied to the purchase. Deposit will become part of the first payment, and no longer be refundable.
The progress report will be posted monthly on our webside. At the completion of each phase, our inspector and Engineer will do a site inspection to insure that the work has been completed to specification. The report will be made available to the buyers as well.
Will include the entire elements listed on the schedule for phases 1, 2, 3, 4, and 5. See the schedule.
Phase 1 Finalize project plans and obtain permits.
Phase 2 Install utilities and construct front entrance. On completion, buyers will be required to make a payment of 20% of the purchase price of their selected condominium. Engineer report will be provided as a copy of inspection report.
Phase 3 will commence at the completion of all elements of phase 2. Phase 3 construction includes the laying of foundations and the beginning of building construction. Copy of the inspector engineer report will be provided. Buyers will be required to make a payment of 20% of the purchase price.
Phase 4 will commence at the completion of all elements of phase 3. Phase 4 costruction will include the continuation of building construction, the construction of pool and jacuzzis, and metal work and elevators. Completion on the construction schedule. Report of the phase 4 will be provided. Buyers will be required to make their 4th progress payment of 20%of the purchase price.
Phase 5 will commence at the completion of all elements of phase 4. On that day buyers will be required to make their 5th progress payment of 10% of the purchase price. Phase 5 construction will take the construction to completion. Confirmation that the work has been completed and a copy of the inspector engineer, for phase 5 will be provided.
The last payment of 10% will be held back until the units are complete to the owner's satisfaction, and until any and all deficiencies noted in the inspector engineer reports are completed. Once construction has been completed, and the final payment made the process of the Mexican Title Transfer will be completed.
The cost of closing a Real Estate transaction in Mexico is to be paid by the Buyer.
Legal fees involving the final title transfer are the responsibility of the buyer.
Annual cost for a fideicomiso is the responsibility of the buyer.
Title insurance for the individual condominium units has been including in this package. A copy of the title insurance will be provided on closing. That cost is one time fee that is part of your purchase price.
Each owner will be responsible for the cost of electricity, phone bill, propane, and internet services, for their unit. The water in sewer is included in the monthly condo fees.
This is not a timeshare. Each condo will be owned with each owner deciding if they want to participate in the rental pool.
The purchase price will include the condo, title insurance, all stainless steel appliances and fully furnished. Just bring you clothes