Fractional Ownership Benefits

What is the Residence Club at Misión La Serena?

The Residence Club at Misión La Serena is a new, 75-unit, fractional ownership condominium resort being built on a privileged site in Los Cabos, Mexico’s fastest growing vacation resort location. Misión La Serena is located within the exclusive private gated community of Puerto Los Cabos, a stunning architectural award-winning master planned community, with two signature golf courses by Nicklaus and Norman, plus a new 400 slip marina. The Residence Club at Misión La Serena offers you the opportunity to own private two or three bedroom villas with all the amenities and services of a fine resort. Furthermore, fractional ownership gives you complete flexibility allowing you to buy only what best suits your needs, from a 1/17th interest (three weeks) to full ownership.

What is the definition of Fractional Ownership?

The Residence Club at Misión La Serena is offering undivided interest in its villas, in fractions of 1/17 or more. A fractional ownership interest in the Residence Club is very similar to a group of friends getting together to purchase a condominium and having an attorney draft a use agreement.

Can foreigners own real estate in Mexico?

Yes. When non-Mexican citizens purchase property in Mexico, they become the deeded beneficiary of a trust (fideicomiso), issued by a Mexican bank, that is duly recorded in the Public Registry. This document has greater weight in Mexico than an ordinary title because it is not subject to embargo or confiscation. The property can be inherited or sold for full market value at any time.

What is the length of this trust?

The initial trust is granted for a period of 50 years and is renewable in perpetuity. As a fractional owner of a villa in the The Residence Club at Misión La Serena, you become a deeded beneficiary of the trust, and your ownership interest is fully transferable.

May I rent my Villa?

Yes, you may rent your villa through one of our rental programs. Various options are available that allow you to choose the program that best suits your needs. For example, each three bedroom villa has a lock-off system that allows you to use or rent all or a portion of your villa.

Can Residence Club owners sell their Villas?

Yes, like any other form of real estate, you can sell or transfer your deeded interest at any time. In additional to our rental program, Misión La Serena will have an on-site sales department to handle all re-sales.