|Price for USD: $ 5,789||
|Type: For Sale||Status: Sold|
|Internal code: LT 225 MN|
Palm Point is a development located on Federal Highway 200, just 10 minutes from Puerto Escondido. It’s only 5 minutes from the junction of the next road that connects the coast to Oaxaca de Juárez. The development is located in the community of Ventanilla in the municipality of Santa María Colotepec and is just 600 meters from the beach. The location and accessibility to the roads is a great attraction point of the project
The development has a total area of 24,016.13 square meters. There are 125 detached housing lots that are divided into 9 blocks, most of which are 162 square meters. The streets are 10 meters wide.
The development will depend on underground electric power services with hoses and outlets in each lot provided by the Federal Electricity Commission. The cost and execution of the work will be borne by the developer. Access to water is viable through semi-deep wells since water is abundant in this area and there is no public drinking water system. The streets will have a white coating base which extends its life and makes the street much more durable. It will also be delimited with yellow concrete fillings places one meter into the street.
Palm Point is located within the communal area of Santa María Colotepec. This means that the tenure is communal: the property that belongs to a community and its use may be public or private. The land is a good of common use.
For many people who are unfamiliar with this type of tenure, there is some doubts about whether it is safe to buy a lot or land under communal tenure. There are several factors that must be considered before investing in this type of land. The most relevant of which is whether or not the community authorizes the sale to people who are not the same as them or who do not have the character of comuneros. In the case of Santa María Colotepec, this is a very common practice that has been done for many years because much of its territory contains the Pacific coast which is very attractive to both nationals and foreigners who decide to come and reside in Puerto Escondido.
Another important factor to consider is the legality and legal certainty of the land or property from which the development or lotificiation is derived. The file presented by the seller or their real estate agent should be carefully reviewed. In Santa María Colotepec, the authority who can validate this type of development is the Commissariat of Communal Goods. They represent the Assembly of Comuneros and are the highest authority empowered to give legality and certainty to any purchase of land or lots in the area.
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View on map / Neighborhood
- City: Oaxaca
- Estado: Oaxaca
- Neighborhood: Santa Maria Colotepec
- Country: México