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El Banco

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At USD 7 million and up, El Banco is one of the area's most expensive projects.

It's easy to see why the developers -- ex-Yahoo CEO Tim Koogle and his wife, Pam -- fell in love with the location. It's in a private cove with a great beach.

The contemporary Mexican architecture has been designed meticulously.

There will be construction here for years, including more homes, an artificial lake and a USD 1200-a-night hotel and spa.

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Quick Facts about the El Banco

  • $$$$
  • Houses

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Works of art.

Factsheet

Factsheet Info
Editor's Pick
flower
Red Certification
No
Overview
Price
$$$$: Least expensive units start over $1 million.
Resort Type
On Beach
Product Type Available
Houses
Types of Ownership Available
Full-Ownership
Gated
Yes
Address
Highway 200
Nearest Airport
PVR
Distance from Airport
About 25 Kms
Other Developments in the Area
Similar or Competitive Developments
Demographics / Nature of Buyers:
Buyers Who Pay in Cash
100%
Percent Who Pay with Mortgage
0%
Cost
Price Overview
Estate lots were all sold at about USD 5,900,000 (5800 sq m). Predesigned villas at about USD 6,000,000.
Approximate Price per Square Meter
$7,168 (USD)
Approximate Price per Square Foot
$666.17 (USD)
Approximate Maintenance Fee
$.00 (USD)
Other Fees
USD 1,200 a month for development's maintenance.
Money Put into Escrow or Used by Developer for Construction
Used by Developer
RED Review
Review

At USD 7 million and up, El Banco is one of the area's most expensive projects.

It's easy to see why the developers -- ex-Yahoo CEO Tim Koogle and his wife, Pam -- fell in love with the location. It's in a private cove with a great beach.

The contemporary Mexican architecture has been designed meticulously.

There will be construction here for years, including more homes, an artificial lake and a USD 1200-a-night hotel and spa.

Pros

- Arguably the nicest beach on Banderas Bay
- Low-density, exclusive
- Great example of contemporary Mexican architecture
- You can tell the developers care. Unlike most developments, this isn't just a business. It's a labor of love, and the developers plan to live here themselves, always a good sign.
- Excellent infrastructure ... back-up water treatment, electrical, etc.

Cons

- No golf
- Isolated ... the flip side of low-density
- Limited ability to customize the architectural plans
- No one has direct beach access other than the estate lots.
- Construction for years.

Onsite Amenities
Amenties
Beach Club,
Common-area Pools,
Cooking Classes,
Gym,
Hotel,
Private Pools,
Resort Privileges,
Spa,
Other Amenities
Artificial lake
Finishings
Bathroom Materials
Marble, glass, wood.
Closet Space
Latticed doors in dark tinted wood
Kitchen Appliances
Viking refrigerators, stove and range
Countertops
Some kind of white marble
Cabinetry
Solid wood dark
Floors
Two-toned beige marble
Doors and Windows
Very dark tinted latticed doors for ventilation
Air Conditioning
Central unit
Construction and Plans
Number of Phases Programmed for Lifetime of Project
5
Which Phase is Currently for Sale
1
Number of Units Available in Current Phase (Including Ones Already Sold)
7
Estimated Completion Date for Final Phase
January, 2015
Area
Local Attractions
About the Developer
Developer
Serendipity Land Holdings LLC. (Tim Koogle Former Yahoo CEO)
About the Architect
Architect
Juan Manuel Munguía
About the Builder

Virtual Tour

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