San Pancho —as this town is lovingly called by the locals— is a small coastal town located 40 minutes north from Puerto Vallarta and only 5 minutes from Sayulita Beach by car.

San Pancho is the perfect haven for anyone who enjoys the relaxed beach life with the alternative of the hustle and bustle of the near towns. It has retained much of the feeling of an authentic and traditional Mexican town. Ever-friendly and warm, San Pancho is a wonderful place to be a tourist and will even welcome you to feel part of the town. As the Men’s Journal magazine stated “a pretty good approximation of what Sayulita was like when it was first discovered by surfers back in the 1960s”. With the difference that San Francisco has been growing in a much slower pace and with urban planning. All this makes San Pancho the perfect balance between a traditional coastal mexican town and a well-thought developed community.

Punta Paraiso will have security cameras and guards 24 hours a day monitoring the whole complex. San Pancho is definitely a very safe place to live. A genuine friendly town, where robberies or crimes are extremely rare.

Article 27 of the Mexican Constitution says that non-Mexicans cannot directly hold residential real estate in the restricted zone . However, since 1973 the implementation of a Mexican bank trust, commonly referred to as a fideicomiso has made possible property purchase for non-mexicans.

This is a legal structure which allows non-Mexicans to purchase real estate property located in the “Restricted Zone”. This zone encompasses the areas along the coasts and border of Mexico. Essentially, it is a recorded contractual arrangement where a property is held in “Trust” by a bank for a specific purchaser, or beneficiary. In all material respects it is similar to the type of Trusts commonly used in the United States and Canada to hold property for estate planning purposes. In order to establish a Trust a permit is required from the Secretary of Foreign Relations. Such a permit is usually issued for a term of fifty years and can be renewed for an additional term of fifty years. Contrary to the commonly held misconception, a Mexican Bank Trust (fideicomiso) is not a lease. It is a form of ownership in which real property is transferred into a trust for the sole purpose of the beneficiary. It is not necessarily better or worse than fee simple ownership, just different.

Defined under the Mexican Constitution, the restricted zone is the land 100 kilometers from any Mexican border and 50 kilometers from any coastline. In these areas, non-Mexicans may not purchase or hold direct domain over any land, unless done so through a Bank Trust. Therefore, a fideicomiso is required for any non-Mexican acquiring residential property in these zones.

Yes, Punta Paraiso will be subject to a condominium regime which will contain all the provisions (bylaws) that regulate the rights and obligations of the owners, occupants and visitors who have access to the installations of the condominium. The observance of the Bylaws is obligatory for all the owners, occupants and visitors of the units.

Yes. The owners share in the expenses of the condominium in accordance to their percentage factor. Maintenance fees cover such expenses as operation, administration, maintenance and management of the common areas. Each owner is responsible for payment of their maintenance fee in advance on a monthly, quarterly or annual basis. An itemized list of maintenance fee expenditures is usually provided by the condominium association at the annual meeting.

Yes. Punta Paraíso offers optional property management and rental services.