Feb 26 2008
Yahoo! Founding CEO Tim Koogle combines business with pleasure in his latest endeavor, luxury real estate in Mexico. The first seven Beach Villas at El Banco, Koogle’s premium 100-acre, low-density community near Punta de Mita, Mexico, are now for sale for over $6,200,000 each.
El Banco Beach Villas
Each one-of-a-kind luxurious home offers expansive views of the Bay of Banderas, Marietas Islands, Sierra Madre Mountains, and El Banco’s long stretch of white-sand beach. The Beach Villas bring El Banco’s signature style to life – casual indoor-outdoor living that takes advantage of the area’s nearly perfect year-round weather combined with the elegance of Old World Mexico. The features of the Beach Villas include: a minimum of four bedroom suites, gourmet kitchens, elegant pools, spa-like bathrooms, multiple outdoor living spaces, high-tech amenities, and caretaker apartments.
“Having worked on great technology brands for much of my career, building something as tangible as a luxury real estate development is terrifically satisfying. My love of design, training as an engineer, and history as a businessman have all come into play in developing El Banco. It is my intention to create a place that others will, hopefully, enjoy for years to come,” said Koogle.
The first phase of the Beach Villas includes seven homes, two are completed and fully-furnished, and the additional five are ready for construction.
The propriety design language of El Banco, coined New World Spanish Colonial Design, is inspired by Mexico’s Spanish Colonial architectural elements – grand arches, gracious courtyards, and hand-craftsmanship – combined with a contemporary twist of indoor-outdoor design that welcomes in views, light, and ocean breezes from every direction. Living spaces extend from indoors to out, thereby blurring the lines between the elegant indoors and the natural beauty of this beachside landscape. The Beach Villas celebrate the best – old and new – of what Mexican architecture has to offer.
The luxury real estate Beach Villas are being designed by an award-winning team of bi-cultural talent, including architects, designers, and builders from HKS Inc. of Dallas, Texas, Rachel Horn Interiors of San Miguel de Allende, Mexico, an independent architecture studio of Guadalajara, Mexico, and Stone Contractors of Puerto Vallarta, Mexico.
“El Banco has raised the bar in regards to development offerings along this coastline. What makes El Banco special is the details. You can see clearly how the aesthetics of design are above and beyond, but you can also feel the quality of what isn’t seen – the engineering and the construction,” said John Youden, publisher of Costa Vallarta Luxury Living magazine.