55-and-better active living community to debut in Lake Chapala, Mexico in Spring 2024
Today, Margaritaville, the global lifestyle brand, and Levy Holding, the prominent real estate developer in Mexico, announced signing the license agreement for Latitude Margaritaville International Lake Chapala, an active living community, set to debut in phases starting in spring 2024. Latitude Margaritaville International Lake Chapala will be influenced by the surrounding area, offering experiences, and living opportunities for those 55-and-better.
Located in west-central Mexico, and an hour south of Guadalajara, Lake Chapala is home to a significant concentration of expats. Sitting on Mexico’s largest lake, a volcanic crater lake, the destination boasts affordable living, inexpensive healthcare, and a great climate with daily temperatures around 75° F.
Chapala and neighboring Ajijic are nestled along the lake’s shoreline, only separated by a few miles, with stunning mountainous backdrops. The area features unique cultural offerings, excellent restaurants, traditional festivals, boutiques, a walkable town square, and more.
“With the success and demand for Margaritaville-branded residential communities in the U.S., we’re always looking for licensing opportunities and destinations that are compelling and dynamic. Lake Chapala was exactly that,” said Jim Wiseman, President of Development at Margaritaville. “As a popular destination for expats, and with its diverse offerings and incredible climate, the area brings together elements of both active and laid-back lifestyles, and a dedication to community – all a major part of the way of life at Latitude Margaritaville International.”
Developed by Levy Holding, Latitude Margaritaville International Lake Chapala will feature a total of 194 accommodations, including studio, one-bedroom and two-bedroom apartments, ranging from 430 sq. ft. to 915 sq. ft., as well as 1,292 sq. ft. one-story homes. With resort-style amenities and an island-inspired feel, residences will feature contemporary design elements with prices starting from the $233s. Sales will start this summer.
“With its great quality of life, warm climate, abundant vegetation, and nature, as well as the impressive lake that invites reflection, Chapala is the perfect destination that evokes Margaritaville’s passion and relaxation – elements found in a dedicated community, not simply a real estate development,” said Agustin Levy, CEO & President of Levy Holding. “We know this will be the first step in encouraging more expats to visit and invest in Mexico.”
The first phase of the project will feature designated food & beverage locations, pools, pickleball courts, a theater, and more.
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