Developments & Gated Communities

The Lakeside area offers a wide array of options when it comes to purchasing a home in different types of planned communities and developments. Typically they consist of Villas, Homes and Condos that have between 20 – 200 units. The majority of them have magnificent common areas and amenities which are shared by all the home owners, including: pool, clubhouse, gym, tennis courts, green areas and more. All developments vary in pricing, depending on the location, amenities and common areas. So is investing in a development at Lake Chapala right for you? It depends on your personal preferences and your investment considerations. This is why we have added our “Developments Section” to Access, where we list some of the most popular ones in Lake Chapala.

When you search for a property here on Access you will find a mixture of privately owned homes listed with a real estate company and homes offered with-in “Gated Communities” and “Developments”, many are still in the construction phase. Below you will find a list of Developments which are still not completed but lots and homes are available.  Click on “see available properties and lots” and the link will take you to each developments listings.

El Dorado – Condos & Villas with Panoramic Lake Views

Price Range: ($200k up to $900k)

Considered to be the most luxurious Condominium development in the area and the first 5 story high rise to be built. Many were skeptical when they first broke ground, but now it is the most desired development to live in. Located in the town of San Antonio Tlayacapan, within walking distance to the Centro Laguna shopping center, WalMart, La Floresta and several other hot spots in town. Amenities include a gym, movie theater, infinity pool, tennis courts and a clubhouse.

(Click here to see available properties and lots in El Dorado)

(Read our blog post on El Dorado)

Laguna Vista – Custom Built Luxurious Homes

Price Range: ($200k up to $350)

A small project with a little more than 20 homes, located right between the towns of San Juan Cosala and Ajijic, each within a 5 minute driving distance. If you are looking for views, country living and luxury this is the right choice. All homes have amazing finishes that include granite kitchen counter-tops, marmol floors, cantera stone walk ways, tempered glass, aluminum windows, walk in closets and more. Laguna Vista does not have its own common areas but does offer custom built pools for each home.

(Click here to see available properties and lots in Laguna Vista)

Hamacas Country Villas – High Quality Homes

Price Range: ($100k up to $170k)

Simply good quality and affordable homes. Built by the same developers as El Parque Villas, Hamacas started pre-selling  at 98,000 USD for a 2 bed, 2 bath home. The project is planned for 52 homes, a clubhouse, heated pool, and 24 hour security. They have 4 different models to choose from, everything from a 2 to a 4 bedroom with Mirador. Located in San Antonio, right across the street from the Chula Vista Golf course and within walking distance to all shopping centers and supermarkets.

(Click here to see available properties and lots in Hamacas)

(Read our blog post on Hamacas)

La Reserva – First with a Yacht Club

Price Range: ($200k up to $360)

A massive 240 home project built by the award winning Desherman group who has built several other housing communities in the lakeside area. You have 7 different models to choose from and common areas include a pool, clubhouse, barbecue area, fitness room and the lakesides  first Marina Yacht club built right into it.  Located just minutes away from Ajijic and within a 5 minute driving distance to restaurants, supermarkets and the town plaza.

(Click here to see available properties and lots in La Reserva)

Las Catarinas- Minutes away from Ajijic

Price Range: ($153k up to $300k)

Las Catarinas is located in La Canacinta, just west of Ajijic and within walking distance. Being built by a Canadian development company named “Ottawa Constructions”, Catarinas offers quality built homes at accessible prices. You have several lots to choose from, all between 230 m2/ 2,400 sq ft up to 350 m2/ 3,600 sq ft. Common areas include a heated pool, clubhouse and a roof top Mirador above the clubhouse for hosting special events and entertaining guests.
(Click here to see available properties and lots in Las Catarinas)

Villa Pacifica – Boutique Village

Price Range: ($159k up to $190k)

Perfectly located and cozy as can be, with only 19 homes being built. Villa Pacifica is considered to be one the finest “Boutique Communities”. Right across the street from Hamacas Country Villas and conveniently located right next to a Golf course and the famous shopping center Super Lake. All homes are very affordable and have charming designs, all have their own rooftop terraces with views of the Lake. Common areas include a Hydropool Jacuzzi, heated pool and a clubhouse.
(Click here to see available properties and lots in Villa Pacifica)

Pros and Cons when Investing in Developments

So what are the Pros and Cons when it comes to investing in a Gated Community or Developments around Ajijic and Chapala? We have put together a small list that points out the advantages and disadvantages, consider how they apply to you when determining your suitability for this kind of living:

Pros:

• Security:  As mentioned before, many of these communities are gated, which means they either hire “Veladores” (informal) who monitor the access into the complex or they employ a “Security Company” (formal) that has actual security guards armed with mace, clubs, handcuffs and a direct line to the local police if anything major happens. Naturally “Veladores” are given the same tools and a phone to call police for assistance,  but most higher end developments outsource to external security companies.
• Pricing: It all depends on the location, amenities, views, common areas and security. You can find every kind of development here at Lakeside, everything from homes in the 100,000 USD range up to $900,000 Villas in higher end ones. The best prices to be had are the ones who are in Pre-sale, which means they lower their prices while in the first phase of construction to get initial buyers, once the development is in the next phase, prices go up.
• Custom Built: Yes, many offer a custom built home on the lot of your selection. Many of the developers put the lot up for sale and let you select which model you would like and which lot you want it on. Typically you have the ability to select between 3-7 different model designs. However many of the developers allow you to make custom modifications based on your needs and likes to make the home of your dreams.
• Amenities: The most common are pools, gyms and tennis courts. However there are several Developments lakeside that even have a yacht club, movie theater and “Temazcales” (Mexican Sweat Lodge). Not needing to build your own pool, gym or tennis courts is very cost saving and one of many reasons people decide to invest in a gated community, they share these common areas with other residents and do not need to worry about maintaining them on their own.

Cons:

• Maintenance Fees: These “Condominium” projects charge maintenance fees. How else can they keep the street lighting, pool maintenance, electric and gardeners paid? Depending on the number of amenities to maintain is where the price comes from. The actual price you pay each year is determined by the cost to maintain everything within the gated community, then divided by the amount of home owners. Typically they can range from 80 USD to 290 USD a month.
• Privacy: If you like loud music, parties until 3 am and no one near your home, then it might not be for you. Many of the homes are built within a few meters of each other. Although privacy is kept, not as much as living in your own private home. When complete, these gated communities can have a large number of residents in a relatively small area, creating traffic and privacy issues.
• Unhappy Neighbors: Once the development is completed, the developer must turn over the project to a “homeowners association”. Most of these associations consist of dedicated people who want the best for the community. However there are several unreasonable people who manage to get elected  to high positions on the board and can turn into tyrants that can cause discontent for the rest of the community.