Price Reduced !! Spanish Colonial Beachfront Home - The owner reduced the asking price from $750,000 to $649,000. Time to make a move!
2728 Sq Ft on Beachfront Lot
3 Bedrooms/Baths
Land has Mexican Bank Trust and Stewart Trust
Fully furnished
Private courtyard with great view of Punta Banda Estuary
Ocean view from living room and dining room
Gourmet kitchen with limed oak cabinets, tiled floors
Elegant master bath with large walk-in closet
Reverse Osmosis System for Clean, Safe Water
Full Gated and Secure Community
Close to the city of Ensenada and Tiger Woods newest golf course
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The Mexican Bank Trust, which authorized the 30-year Bank Trust program, was created in 1971 by Mexican President Echeverria, to promote tourist and retirement investments along popular coastlines . This is the most secure method available to hold real estate in Baja California.
Your Bank Trust must be established at an authorized Mexican Bank in their trust department.
In 1989 President Salinas mandated the 30 year Trust be extended for an additional 30 years. Then, December 27, 1993, President Salinas extended the Trusts from 30+30 year arrangement for the new 50+50 year time period. Bank Trusts are perpetually renewable.
The property you hold in a Bank Trust is yours to improve, build, sell, leave in your estate, etc. You'll enjoy all the same rights you have in the U.S
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$649,000.00 USD
