Developer with Offices in Scottsdale Building Luxury Rentals in Mexico

By Angela Gonzales | Phoenix Business Journal

A Spanish developer with offices in Scottsdale is building a luxury vacation rental community in Rocky Point.

The 31-unit condo property called Eagle Village at Islas Del Mar is a project of Adlanto, an asset management company with offices in Spain, Argentina, Mexico and in Arizona.

The company opened a Scottsdale office in 2006 in an effort to target projects within Puerto Peñasco, commonly known as Rocky Point, on the Gulf of California in Sonora, Mexico.

Islas Del Mar is a 700-acre master-planned community Adlanto is developing, and it includes 160 acres of salt water lagoons, said Alvaro Moreno Navarro, director of Adlanto’s U.S. operations.

As home prices continue to rise in metro Phoenix, heading south of the border is an opportunity for low-priced homes — at least for now, Moreno Navarro said.

A Jack Nicklaus signature golf course is on the property, with the second nine-hole course under construction and targeted for completion in 2024.

“Every hole is surrounded by water,” Moreno Navarro said.

The 31 townhomes being built will range between $278,000 and $285,000, depending on each of their locations and views of the ocean, he said. The 1,429-square-foot units will feature two master bedrooms and two walk-in closets. The community also will have its own swimming pool, BBQ area, garden and common areas.

So far, he has about a dozen signed contracts on the project.

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