Vivo Resorts was recently featured in the December 5, 2017 article posted in the Business In Vancouver (BIV) magazine by Frank O’Brien. The article was entitled, BC Luxury Property Buyers Turn to Mexico!
Vivo offers luxury Oaxacan beachfront living, including condos and private villas, on the Pacific West coast just outside of Puerto Escondido, Oaxaca, Mexico. Vivo Resorts was also named the “Luxury Resort of 2016” for Mexico by Luxury Travel Guide, which is based in the United Kingdom.
Calgary based developer and former Olympic downhill ski champion Carey Mullen conceived and developed Vivo Resorts with three main objectives, as noted by O’Brien in his BIV article.
Mullen’s primary objectives were to:
- Develop luxury Mexico beachfront condominiums and private villas and price them at a fraction of the cost of BC waterfront properties.
- Develop Vivo Resorts along a long stretch of tropical Pacific Ocean beachfront (21 Km in all).
- Ensure that the land the 76-acre resort resides on remains Canadian owned and controlled.
When researching the resort concept, Mullen had discovered that (as he puts it), “A Mexican company can be owned 100% by a foreigner” and “A Canadian can now own Mexican property outright.”
Select condo owners can also take advantage of the resort’s property management services and have their resort home rented out when they are not using it. Most of the condo owners are from Canada’s two most western provinces, Alberta and British Columbia.
Heading into its 6th year of operation, Vivo Resorts has had tremendous success. There are now 7 sold-out condo towers that are fully occupied, plus an 8th tower that is 75% sold, and a 9th tower that is currently in development. There’s also a new Clubhouse that is scheduled to open by the end of 2017.
To date, only a quarter of the total Vivo Resorts complex has been completed totaling 10 separat private villas and 100 oceanfront condo units. The average resort price is still less than $490,000 and includes all furnishings!
In his BIV article, Frank O’Brien interviewed new Vivo Resorts condo owner Ron Rishagen from Trail, BC who remarked, “It’s a winner!” Rishagen, who is now retired, has joined the ranks of many British Columbians who consider Puerto Escondido MX their second home.