We often feature real estate destinations that are all about the flash and prestige. Much of the Pacific Coast of Mexico and Costa Rica has turned into a game of one-upsmanship, which showed no signs of slowing until California’s real estate crash hit.

Mazatlan was always a bit removed from all that, despite its location closer to the U.S. than many other destinations. The bubble never got very big, so the real estate market didn’t grind to a halt. Prices are off a bit from the peak, but they were never much out of whack to start with. A million bucks goes a long way in this region.

There are many reasons for this, but one of the main ones is that Mazatlan has not been a flashy, upper-crust resort city. There’s little reason for the paparazzi to hang out here watching for celebrities. That doesn’t mean, however, that you can’t find a luxury dream home or waterfront penthouse. It just means you’ll pay a lot less for it than you would in Cabo San Lucas or the Riviera Nayarit. Apart from Punta Mita, a golf and beach development like Estrella del Mar doesn’t even exist in those places: there’s not enough waterfront land available for such a grand scheme.

So if you want a luxury vacation or retirement home but you’re a value investor at heart, take a look at our latest real estate round-up. Pacific Mexico with Personality: Real Estate in Mazatlan.

This entry was posted on Thursday, September 8th, 2011 at 8:02 am and is filed under Awesome view, Golf, Mexico, Prices, Real Estate, Travel life. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.