A yet-to-be-built cliffside residence in Riviera Nayarit, Mexico, with unobstructed ocean views is hitting the auction block on April 21 with an estimated sale value of between $22 million and $27 million.
The residence, which has a reserve price of $19 million, is one of eight homes within One&Only Mandarina, a luxury beach resort, that sit 800 feet above sea level. The bidding will take place fully online through Concierge Auctions until April 27.
The existing floor plan of the 24,003-square-foot residence features eight bedrooms, six of them facing the ocean. The construction of the home will start after its sale, and the buyer will have the opportunity to make customized changes to the floor plan with the architects at Studio Caban, according to JD Mahony of One&Only Mandarina.
“It comes down to the buyer and how much time they want to spend customizing the house, but once we break ground, the house can be built in 12 months,” Mr. Mahony told Mansion Global.
The development sits on federally protected acres on Mexico’s west coast within the Sierra de Vallejo Mountains that ensure the existing views and privacy will remain both unobstructed and protected, according to the listing.
“I don’t know of any house in the world that would have 60 linear meters of construction frontage looking towards the southern coastline,” Mr. Mahony said. “And then the entire northern coastline as well.”
The outdoor plan includes a private garden with a terrace, two private pools with sunset views, firepits and a yoga deck. The pools are designed to lean right off the cliff, surrounded by the fire pits and overlooking the views of the mountain and the beach, making it the perfect spot to watch the sunset 365 days a year, according to Mr. Mahony.
The home will come with access to the amenities provided by the Rosewood Hotel & Resort and a resort-managed rental program if the buyer wishes to rent the residence in the future. One&Only Mandarina also features several exclusive dining options and wellness and outdoor activities ranging from horseback riding to spa treatments.
Concierge Auctions asks that interested bidders who have registered for the auction provide a letter of reference from their banks and pay a $100,000 registration fee ahead of the auction. The registration fee will be deducted from the final purchase for the winning buyer, and the other bidders will receive a refund the following business day from the auction.
There will be a preview event on April 7 for prospective buyers to tour the lot and a finished sample home, “so the people can see the quality of construction and the interior design,” according to Mr. Mahoney.