I imagine that we all carry a regrettable could of, should of, would of story. My story was 14 years ago when I first arrived in Cancun seeking an investment property. A close friend of mine, Miguel took me to see a large beachfront lot located in an obscure, undeveloped, yet gorgeous beach area called Isla Blanca just north of the hotel area in Cancun.
We drove up and down a sandy pothole infested road in the middle of nowhere finally to arrive at the property where the owner was asking US$80,000. The beach itself was picturesque, with a view of the hotel zone far off in the distance across the bay.
At the time, I had just relocated from Iowa where I had learned that nothing grows fast other than the corn. I carried that same knowledge in evaluating this property, turned to Miguel using my naïve logic and explained that the access road to the property was basically non-existent, there was no electricity nearby, and the property was miles from any further development. "It would be a life time to see any development coming this far out. This property has no investment value to me. I will have to decline." Miguel only said, "Are you sure?" And with confidence, I replied, "Yes, I´m sure… no investment value!"
Sure enough, 3 years later, I am enjoying a morning coffee and upon opening up the local newspaper to my surprise, I read the announcement of a mega golf/spa resort project that is breaking ground. The article included the building plans and photos of the mayor and Spanish developers standing on the beach that included that same large partial of property I looked at. I only said to myself: "I could of, I would of, I should of… made a fortune with that investment!"
No more than an hour later I received a phone call from Miguel who insisted on reading the article aloud to me over the phone, concluding by asking me once again: "Are you sure that property had no investment value?"
See, Miguel understood how fast a development becomes a tourist destination. His father had been a private pilot who flew the mayors, governors, and resort developers from Merida to Cancun some 40 years previous. Miguel would come along at times and witness firsthand how Cancun was originally planned and developed as a world-class vacation destination.
He understood the inevitability of how such a beautiful place could develop in a short time.
I recall he reminded me of this every time we went to Playa del Carmen in the late 90s when he was renting his tractors to pave the streets. He kept on telling me that this is the next Cancun for investment. "It is happening, the indicators are here!" And so, as he said... it happened.
At the time, I did not see the motor driving this demand. The floodgate of 65 million baby boomers starting to retire and a limited footprint of affordable white sand and blue water so close to the US will be bought up and developed quickly.
Since then, armed with my new vision for beachfront development in a tourist destination I have made much wiser and exploratory decisions. The investment secret is to get in early where infrastructure and development will inevitably follow. And right now, the inevitability is assured because 65 million baby boomers will it to be developed.
Over the years, I have followed the expansion of the Mexican Caribbean coast from Cancun to Mahahual and later into the State of Yucatan. All these regions have developed and increased tremendously in value.
Today, I see the last beachfront frontier in the Peninsula to become discovered: Campeche. A state where you can still get in early with little money and has all the natural beauty that will inevitably attract tourist and development. It has already started to prove itself!
Here are just some of the obvious indicators that demonstrate Campeche as an opportunity state on the move:
Resort Golf Marina & Spa - Located only 10 minutes north from Turquoise Coast beachfront lots near the town of Champotón is Campeche Playa Golf Marina & Spa Resort, a multi-million dollar real estate project developed by the corporation Mall (from Europe) that offer completed condos starting at US$500,000.
Currently under construction are the Sport Marina with a capacity of 150 slips up to 80 feet, a Jack Nicklaus Signature golf course, a health care center and spa, and a town center (commercial area) with restaurants, boutiques, art galleries, 24-hour pharmacy, banks, and supermarket.
Champotón/Cruise - Most recently, the coastal town of Champotón, less than 20 minutes from the Turquoise Coast beachfront lots, has recently renovated its colonial town center, parkways, hospitals, and marinas in a cooperative effort to prepare the town as a first home port cruise destination on the Gulf of Mexico.
The town center has been completely re-painted in a colorful pastel fashion similar to Campeche´s Old City center with cobblestone streets and pictorial facades.
Campeche - Government investments have provided the funds to "renovate" the historic downtown – a colonial city, enclosed by a castle wall originally built to protect the community from pirates. The investment placed all over-head wiring underground, bricked all the roads, provided paint and moldings for door and window frames of all downtown facades, and restored the cathedral creating a spectacular atmosphere.
In fact, Campeche is now so perfectly preserved that it has called attention to various Hollywood filmmakers and been used as a film site for several feature films.
In additional numerous projects have been completed like the new casino, a Holiday Inn, and an Applebee´s restaurant built on the boardwalk.
Highway to Mérida - For the past year, the Federal government has been building the new wide four-lane, interstate highway from Merida to Campeche that will eventually continue west to link with Tabascos. This is the committed promise of President Calderon to improve interstate infrastructure and meet Mexico´s goal for 2018 to become number five in world tourism. This new highway, to be completed at the end of 2012, will cut the drive time from Merida´s international airport to Campeche to less than one hour.
Along with these developments, I am confident without hesitation that even further development will come soon. The show of government and private sector investments promises property value increase and an excellent variety of activities for those who choose to make it their second home.
Campeche has all the indicators of a solid beachfront destination. Without regret, and without ever saying, I could of, should of, would of… come visit Campeche!
If you wish to buy land by the ocean make sure you are fully informed of all the issues and expense which must be considered to assure a successful transaction.
Find your affordable beachfront property in the Caribbean Yucatan. Visit International Holdings & Trust online at HTTP://WWW.YUCATANVIEWS.COM and see where you could be spending your family vacations.
About the Company
International Holdings & Trust carries a diverse background in international law, finance, construction, and real estate investment planning for Mexico. They aim to set the bar in Mexican Caribbean beach front property sales year after year with repeat and referred clients from satisfied customers.
International Holdings & Trust
Toll Free: (877) 640-4795
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Gary is the President of International Holdings & Trust Company located in Cancun, Mexico and has been selling beachfront property as investments in the Mexican Caribbean for the past 10 years.