Puerto Peñasco, Mexico
US$1=16.8 Mexican pesos
Dear Overseas Property Alert Reader,
Expats and second-home owners here are enjoying miles of wide, sandy beaches… warm, crystal-clear waters… and one of the most convenient and hassle-free experiences you’ll find outside the United States.
I’m spending the week in Puerto Peñasco, Mexico, known to English-speakers as Rocky Point. At the top of the Sea of Cortez, we’re just 62 miles from the U.S. border.
The fine sandy beach in this part of town is 4.5 miles long, and almost 200 yards wide in places at low tide. The waters here are clear, completely calm, and the most swimmable I’ve ever seen, with a very gradual, fine-sand bottom. The water temperature today is 86 degrees (30 Celsius).
And since they boast 362 days of annual sunshine in this area, there’s little chance that your stay will be spoiled by bad weather.
Best of all, two-bedroom condos on this beach start at just US$109,000.
Getting here, I didn’t need a permit for my American-registered car. And because I drove straight through the border without stopping, I suppose that—in a practical sense—the length of my stay here is limitless, since there’s no record of my entry into Mexico. (Unless of course a Mexican immigration official is reading this newsletter.)
Puerto Peñasco remained an unknown fishing outpost until the 1920s when Arizonan John Stone opened a hotel and casino targeting Americans who wanted to escape prohibition.
The town is known as Puerto Peñasco in Spanish and Continue reading