Porto Bello Club Frequently Asked Questions

What Are Porto Bello Private Residences?
Porto Bello Private Residences represents innovation in second home ownership, combining convenient hassle-free ownership with amenities of a luxury property. Owners have the flexibility to enjoy their property for the month purchased or throughout the year.

Why was this concept developed?
Through extensive customer research, we identified the need to combine the benefits of second home ownership with the amenities and services of a fine resort. We also found that many customers didn't need to own a fulltime property based on their personal vacation needs. In fact, most of the owners of these second home properties had expressed their concern of having paid such a large amount of money to have so many hassles and using the property only one, two or three months at the most per year. This information brought forth the opportunity to offer Fractional Real Estate. In short, the owners purchase a deeded and titled property with only as much time as they require for their vacation needs and are spared the challenges and pitfalls of trying to rent or maintain it during the time that it is not used. At Porto Bello Private Residences, you purchase a 1/12 or greater interest in a specific Residence for a specific month each year; forever. You will have a deed to your Residence for the specific month you purchase. The deed you receive is like the deed that would typically be conveyed to ownership of a single family home. When sold out, the Porto Bello Private Residences will be fully owned and managed by its members, not the developer.

Who is the developer of Porto Bello Club?
There are four partners in the development of the Porto Bello Private Residences. All four partners Mr. Roman Riviera Torres (President and Founder of Puerto Aventuras), Mr. Gustavo Segrove (local construction company owner), Mr. Carlos Espinosa (27 years of Real Estate Experience) and Mr. Javier Rodriguez (successful business man) have many years of experience in the development and sales of properties in the Mayan Riviera. The Puerto Aventuras Marina & Residential Community began development in 1987 by Mr. Roman Riviera Torres and has evolved into one of the premier residential communities in the Mayan Riviera, the Mexican Caribbean and the whole Caribbean.

How is ownership conveyed?
The owners of Porto Bello Private Residences, will receive a deed to the Residence they purchase for the months that they purchased. Ownership can be conveyed to an individual, family, partnership or corporation. Per Mexican law, the owner's deed will be held in Trust at a Mexican Bank .

When do I receive the deed to my property?
Upon completion of sales of your villa, you will sign the deed to the property in front of a Mexican Notary Public. The Notary Public will have the deed recorded at the local public records office.

What is the closing cost associated with receiving the deed to my property?
The cost for the Mexican Notary Public and recording of your property deed is approximately 5% of your purchase price, paid in full at the time of the Notary visit.

How often can an owner use their Residence?
You may use the Residence you purchased for the month or months that you have purchased, every year forever.

Can I rent my Residence?
Owners may rent some or all of their allotted time. They may rent their unit themselves or use the service of a rental company. All renters will be subject to strict guidelines per the Porto Bello Private Residences covenants and must leave an open voucher on a major credit for any damages to the rented villa.

Can I use some or all of the time in another month different from the one I own?
Yes, through our 5 star hotel operation; you may request to exchange a week or more of the time that belongs to your property with another week or month at the Porto Bello Private Residences in another month. All you have to do is make a reservation for the time you want to exchange your villa for (you don’t need a reservation for your own month of your property). Owners are provided an optional flexibility through the opportunity to exchange usage of their Residence for usage at thousands of resorts worldwide with membership with Interval International which works with resorts like Ritz Carlton, Marriott and Four Seasons.

Can my ownership interest be resold or transferred?
Yes, like any other form of real estate, your deeded fractional interest may be resold, transferred, or bequeathed. You may sell it through us or you may sell it yourself.

What protection do I have that my Residence will be in the same condition when I arrive for my visit as it was the day that I purchase?
The Porto Bello Private Residences, covenants and guidelines have strict rules that govern the use and destruction of any of the owner's property. With daily maid service the Residences will be visually inspected each day. If there is any damage identified at any time in any Residence, the management company will be immediately notified. The management company will then notify the responsible party that has damaged the property and invoice that party for the repair or replacement of the damaged items. In the case of a renter, damages can be charged to an open voucher on a major credit card. In the case of a homeowner not paying for their responsible damages, the Homeowners Association has the right to place a lien against the owner's deed to the property.

Are there annual fees associated with ownership in the Porto Bello Private Residences?
Yes, Ownership dues pay for the professional management and operations of the Porto Bello Private Residences facilities. Included in these annual ownership dues are each owner's pro-rata portion of expenses, which include but are not limited to, utilities, maintenance, furniture replacement, common area expenses, blanket hazard and contents insurance, homeowners management fee, association owned amenity operation and upkeep, property taxes, and daily housekeeping

What are the estimated ownership dues?
The Ownership dues for each individually month owned; are currently estimated at ($1,200.- One bedroom Residence) ($1,450.- Two bedrooms Residence) ($1,750.- Three bedrooms Residence).

Who determines the annual club fees and establishes the policies that govern the Porto Bello Private Residences?
The Homeowners Association owners elected Board of Directors will approve the annual budget and associated club fees. The Board of Directors will be responsible for overseeing the property management company and enforcing the policies on all operations of the Property. Increases or decreases of maintenance fees depend solely on the Homeowners association.

What are some of the amenities available to the Porto Bello Private Residences owners?
All owners will be able to enjoy the Fitness Center at the Grand Marina building, Special rate at the Tennis Court, onsite Barbeque, Private Pool, Whirlpool Tubs on each Residence's terrace, Laundry facilities on site, year-round storage for each Owner, a discount on green fees at the Puerto Aventuras Golf Course and special rate to enjoy all the facilities at the Beach area at the Omni Hotel for Snorkeling or Sunbathing.

Where are the Porto Bello Private Residences?
Porto Bello Private Residences are located on the Marina in the heart of the exclusive seaside community of Puerto Aventuras, in the Mayan Riviera. Puerto Aventuras is a 24 hrs. Private "guarded gated" community, located approximately 55 minutes south of the Cancun airport.

What does Puerto Aventuras offer for Dining and Shopping?
Puerto Aventuras has a variety of 13 dining options, with many of these restaurants offering outdoor dining adjacent to the Marina area where you may swim with trained dolphins. Intermingled with these restaurants are quaint little shops that are located around a waterway with dolphins, stingrays, manatee's and sea lions.

What type of Activities and Entertainment are offered in Puerto Aventuras?
Puerto Aventuras offers more activities than any other resort community in the Mayan Riviera. Water activities include: swimming with trained Dolphins, Snorkeling in the calm clear seawater of our Caleta? (inlet) or our freshwater Cenote? (artisan well), Snorkeling and Scuba diving the beautiful reefs within view of our white sandy beaches, Kayaking the calm waters of our marina, deep sea Fishing from one of the many charter boats moored within our piers, riding the Caribbean Sea on one of our Catamarans, taking a ferry boat ride to Cozumel or just relaxing by the pool. Activities available for those desiring to keep their feet on dry land include: Walking, Jogging or riding Bicycles on the quiet streets of our community or exercising at the fitness center. For those that are competitive, you may challenge your partner or friends in a game of Tennis, Beach Volleyball or Golf at one of our facilities within walking distance of your Residence. Puerto Aventuras has the only Full Service Marina from the Gulf of Mexico all the way down to Belize.

Is transportation available to and from Puerto Aventuras?
Yes, there is Van transportation from the Cancun airport. Rental cars and taxicabs are available once you arrive in Puerto Aventuras. Tour companies in Puerto Aventuras can arrange transportation to nearby sightseeing attractions and Mayan ruins. All activities, Dining and Shopping in Puerto Aventuras are within walking distance of your Residence.

Click here for a list of properties developed by Mr. Roman Rivera Torres, one of the developers of Porto Bello Private Residences.