Frequently Asked Questions

How do I purchase a home at Paraiso del Mar?

• Talk with your sales representative to ensure that you have selected the casa or villa that best suits your needs for a resort home, your timing for delivery, location, price, floor plan and style.
• Information booklets will be sent to you prior to contract (Promise of Trust Agreement) signing which will include: Homeowner Association (Condominium Regime) documents including estimated assessments and dues, Golf/Country club documents, Trust documents, Escrow Agreement and Tax Forms, Title sample documents, and rental information and agreement.
• A 10% earnest money deposit will be due at contract signing when purchasing a new start.
• An additional 10% deposit is due 90 days after the foundation is poured on your Casa or Condominium building. 5% will be released to the developer at time of deposit.
• You will be required to pay the Developer an additional deposit of an amount equal to 20% of the price of all options and upgrades selected when purchasing a casa. Those funds will be immediately released to the Developer. All other escrowed funds will remain with Stewart Title until all closing requirements have been met.

What form of property ownership will I have at Paraiso del Mar?

• Owners will receive a deed in the form of a Fideicomiso Trust, whereby a Mexican Bank is the Trustee and the Purchaser is the Beneficiary
• The initial term of the Trust is 50 years and is renewable in 50 year increments in perpetuity
• Title insurance is available on all properties sold at Paraiso del Mar and can be purchased by the buyer through Stewart Title Guaranty de Mexico, a division of Stewart Title Guarantee Company, Houston, TX.
• Escrow services are with Stewart Title in Houston.
• The Administrative portion of your closing is conducted in two phases. Phase One begins with the completion of required documentation and ends with you wiring your Final Payment to Stewart Information International in Houston, TX. Phase Two will be the execution of the Trust Documents at the office of the Notario Publico in La Paz.

Amenities - Villas (Condominiums)

• Infinity edge swimming pool with restroom facilities
• Swim-up bar and casual restaurant
• Garage purchase options are available
• Surface parking at Condominium Villas
• Shuttle service to Golf and Country Club, Plaza, Ferry Dock and more
• Unit rental program thru onsite management company (*above services are included if participating in rental program during rental periods)
• Property management services are available

Amenities - Casas (Single family homes)

• Common area swimming pools
• Kayaks available for use
• Front and rear landscaping with sprinkler system
• Rental program through property management company
• Landscape maintenance services available for a fee
• Bill paying services available

What are the Homeowners' Associations and what do they include?

• The master association includes main common area maintenance, community security, onsite transportation, and ferry transportation.

Sub-Associations

• Each neighborhood has its own sub-association (sub-condominium regimes)
• Condominium projects within these sub-condominium regimes include maintenance of exterior to include roof, elevators, corridors, common areas, pool, parking, insurance, security, beach club, and trash service, where applicable.
• Single family home projects within these sub-condominium regimes include maintenance of community pools, and common areas including roads within the individual Projects.

What services and fees are there in addition to the Homeowners' Association fee?

• Utilities, Water, and Sewer Services
• The Developer has installed a reverse osmosis desalinization plant (this is the process of removing salt from water) for potable water
• Electricity is provided by CFE, the Mexican National power provider
• Condominiums will be metered separately
• Sewage treatment plants are located onsite. Treated water from the City of La Paz is brought under the bay to Paraiso and is used on the golf courses and for irrigation of landscaping.
• The Developer provides state-of-the-art "triple play" phone, internet and television throughout the project on a fee basis

Infrastructure Service Fee

• Designed to be structured like property taxes in the US. The city of La Paz will provide very few services. The Developer in this case installs & maintains infrastructure like a municipality in U.S.
• The Service Fee is for reimbursement and maintenance of infrastructure, maintenance of roads and utilities, parks and public services on Paraiso del Mar, primary security for the project, and possibly subsidizing public transportation on the property.
• The Developer warrants that the service fee will never cause the combination of property taxes and service fee to exceed 1.2% of the value of the home or condo on an annual basis. The fee will be set annually.
• The Service Fee will fund some expenses typically covered in Master HOA. A draft of the budget will be distributed after it is approved.

Homeowner's Insurance

• Homeowner insurance is available through International Gateway Insurance, AIG, Inc McAfee and Edwards or AON Risk Services. Coverage is affordable and is comparable to U.S.
• Homeowners Association for the Condominiums will carry the insurance on the building and for the project common areas just as in US.
• Owners will be responsible for everything from the inside wall including personal property just as in the United States.

Rental Program through Onsite Management Company

• Condominiums and Casas can be placed in this program
• Furnishing packages are available for participation in the rental program
• Package will include everything from general finishes, bedding, linens, kitchen items, artwork, etc. for a completely finished unit
• Rentals will not be pooled. Service will be provided and accounted for on an individual basis
• Rentals must be through the Paraiso del Mar program. This is designed to maintain the integrity of the rate of the rental program, thus maintaining the value of the homes.
• Casas and Condominium Villas may be owner furnished but must meet pre-established standards
• Owner must maintain the home in a first-class manner
• Owners will be paid within 45 days after the end of each calendar quarter
• If a potential renter requests a specific Casa or Condominium Villa, that Casa or Condominium Villa will be rented if it is available. Once the renter's requirements are met, homes will be rented in rotation in order to be fair to all owners in the program.

How do I join the Paraiso del Mar Golf and Country Club?

• Family and corporate memberships are available, social memberships may be available in the future
• Contact golfmembership@paraisodelmar.com.mx
• Maximum of 600 Full / Golf memberships may be issued and outstanding at any time
• Course is owned and operated by the Developers
• Championship, Par 72, 18 hole golf course designed by Arthur Hills.
• Links style course. 3,814 yards on the front nine and 3,550 on the back nine for a total of 7,039 yards from the championship tees with five sets of tees
• Club includes tennis facility (two courts are completed in the first phase)
• Clubhouse includes a bar and grill with indoor/outdoor dining and pro shop
• May use private golf cart (must be approved by club operator based on rules and regulations and subject to annual access fee)
• First priority advance reservation privileges for members
• Open to the public for resort play until membership is full and second course is completed