Las Olas Marina

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This development has not yet been reviewed by Redguide. This summary is based on the developer's marketing materials.

Las Olas Marina is located in the heart of the Puerto Cancún mega-development, five minutes from downtown. The residence is comprised of two large 20-story buildings set beside a large man-made lagoon and the largest marina in Mexico. A canal surrounding three sides of the property makes Las Olas a "tropical island of luxury and comfort."

The apartments have a "highly polished" and slightly "Asian" feel designed by Italian firm Pininfarina of Ferrari fame.

Along with the marina, the highlight amenity is the on-site spa "inspired by Caribbean therapies" that will "magnify your relaxing experiences."

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Quick Facts about the Las Olas Marina

Price:
$$
Dwelling Type:
Apartments
Units:
346

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Factsheet

Factsheet Info

Overview

Price

$$: Least expensive units start under $500K.

Resort Type

Near Beach

Product Type Available

Apartments

Types of Ownership Available

Full-Ownership

Gated

Yes

Address

Lal Olas Marina and Spa Lote 01, Manzana 07, Puerto Cancun Cancun QR Mexico

Nearest Airport

CUN

Distance from Airport

25 minutes

Similar or Competitive Developments

Demographics / Nature of Buyers:

Cost

Price Overview

1 bedroom: USD 266,773 - 301,617 (109 m2) 2 bedroom: USD 402,262 - 451,127 (166 to 178 m2) 3 bedroom: USD 598,000 - 715,000 (249m2) 4 bedroom: USD: 728,000 - 782,000 (304 m2) Penthouse: USD 1.4 million (440 m2) Payments Program and Conditions: 1.- 30% Down and 70 divided on 24 months during the construcction 4% Discount 2.- 50% Down and 50% divided on 24 months during the construccion 6% Discount. * exception PH 3.- 100 % at signature with 8% Discount.

Approximate Price per Square Meter

$2,567 (USD)

Approximate Price per Square Foot

$238.57 (USD)

Approximate Maintenance Fee

$3.00 (USD)

Other Fees

Additional fees for Puerto Cancun facilities - golf course, etc.

RED Review

Review

This development has not yet been reviewed by Redguide. This summary is based on the developer's marketing materials.

The apartments have a "highly polished" and slightly "Asian" feel designed by Italian firm Pininfarina of Ferrari fame.

Along with the marina, the highlight amenity is the on-site spa "inspired by Caribbean therapies" that will "magnify your relaxing experiences."

Pros

A variety of apartment sizes and prices suitable for many different types of people - retirees, vacationers, renters and families alike. Las Olas is located in the heart of the Puerto Cancun super-development with lots of activities and amenities in a safe environment, while only being 5 minutes away from downtown.

Cons

Those looking for peace and quiet may find the Vegas-style resort living of Las Olas to be a bit high density with nearly 350 units on site. Although residents get a discount, use of Puerto Cancun amenities - golf, etc, is not included in the price.

General Comments

2 large buildings each comprised of several connected towers. 20 stories tall.

Onsite Amenities

Amenties

Beach Club,

Common-area Pools,

Gym,

Massages,

Rental Program,

Resort Privileges,

Spa,

Squash,

Tennis,

Other Amenities

marina with 25 slips, marina lounge, playground, jogging and biking trail, green space, sundeck, water canal surrounding the property, 3 parking lots

Finishings

Bathroom Materials

dual porcelain basin sinks, tempered shower glass

Closet Space

ample

Kitchen Appliances

GE appliances

Countertops

polished granite

Cabinetry

PVC, vinyl finish

Floors

cermaic tile

Doors and Windows

9mm layered glass windows

Air Conditioning

central

Construction and Plans

Estimated Total Number of Units Programmed for Lifetime of Project

346

Number of Phases Programmed for Lifetime of Project

Which Phase is Currently for Sale

Number of Units Available in Current Phase (Including Ones Already Sold)

346

Date Ground Broken for First Phase

June, 2007

Date Ground Broken for Current Phase

June, 2007

Estimated Completion Date for Current Phase

December, 2010

Estimated Completion Date for Final Phase

December, 2010

Area

Local Attractions

Other Attractions

located within the Puerto Cancun super-development which includes a golf course, restaurants, hotels, business center, boardwalk, shopping area. 5 minute drive to downtown.

About the Developer

Developer

GICSA

About the Architect

Architect

Pininfarina

About the Builder

Builder

GICSA