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Versalles · Puerto Vallarta, Jalisco
Versalles was a plain residential neighborhood until the restaurants arrived, and now it is where half the bay goes to dinner. It sits between the marina and downtown, about five minutes from each, with new condo buildings going up on streets that used to be single-story homes.
The neighborhood
Until about 2015 Versalles was residential and quiet, with taco stands and the usual Oxxo on the corner. That changed when Barrio Bistro opened and did well, and chefs noticed. Within a few years the neighborhood had Greek at Mykonos, cafés like Miscelánea, breakfast at Cha, seafood at Abulón and a list that keeps growing. People now drive in from all over the bay for a Sunday brunch or a dinner date.
Convenience is the other reason buyers like it. Costco and La Comer are right around the corner, the malecón is a five-minute drive one way and Marina Vallarta is five minutes the other way. The hotel zone beaches are across the highway.
Developers followed the restaurants. Older homes are being replaced by condo buildings with rooftop pools, terraces and 24-hour security, and prices are still below the beachfront neighborhoods because you are a few blocks inland. That gap is why we tell investors to look here while it exists.
Through all of this Versalles kept its character. It is still a neighborhood where people live, not a tourist zone, which is exactly what makes it worth living in.
Living here
You can eat somewhere different every night of the month without leaving the neighborhood. Most of our clients here stop cooking.
Costco, La Comer and the rest of the Fluvial corridor are minutes away. For a full-time resident that matters more than it sounds.
You are a few blocks from the beach, not on it, and the prices reflect that. The views are of the mountains and the city rather than the water.
In Mexico the covered outdoor space usually counts as part of the home. A published size here includes the terraces, which is how we quote it too.
Before you buy
Yes. Everything on the bay sits inside Mexico's restricted zone, so a foreign buyer holds title through a bank trust called a fideicomiso. It is routine, we do it on nearly every sale, and our article on buying property in Puerto Vallarta as a foreigner walks through the process and what closing really costs.
The hotel zone beaches are across the main highway, a short walk or a two-minute drive depending on where in Versalles you are.
Often, yes, and it works differently than it does at home. We wrote up who qualifies and what a cross-border loan costs in Can You Get a Mortgage in Mexico?
It is a steady one. Renters here are often longer-stay visitors and people who come for the food, rather than the beach crowd. Rates are lower than on the water, and so are purchase prices, so the math can still work well.
Versalles
Whether you want a place in Versalles, a different part of the bay, or just to understand how buying here works, the first conversation is free and in whichever language you prefer.