By the Caribbean Journal staff

There’s a new luxury real estate destination in Mexico.

Mexico-based asset management firm Ascendancy has acquired the former Costa Baja residential resort in La Paz in Baja California Sur.

The company has rebranded the resort as Puerta Cortes, with plans for a major renovation to the property, which includes a collection of oceanfront and hillside residences, along with a marina and a Gary Player signature golf course.

“Puerta Cortés is an exclusive hideaway for those seeking unparalleled, coastal living and adventure in one of the most privileged locations in the world,” said Antonio Davila, President of Ascendancy. “When I first discovered the area years ago, I was dazzled by its beauty, spectacular scenery and extraordinary amenities. I knew I had to live here myself and further build on the awe-inspiring foundation set forth by the property’s previous owners.”

The $5 million renovation will include upgrades to the El Cortes Golf Club, the beach club and with plans to launch more restaurants at the marina village.

The property includes an 18-hole Gary Player Signature Design, the only one of its kind in Mexico.

Puerta Cortes includes two communities: Las Colinas, which features 72 hillside residences; and VistaMar, which has 60 oceanfront condominiums with views of the Sea of Cortez.

“Part of what makes our resort and residential destination so extraordinary is our authenticity and community feel,” Davila said. “I have met so many well-traveled visitors and residents who have seen and experienced some of the most incredible locations in the world and have decided Puerta Cortés is where they want to be. It’s an exciting time for La Paz and our property as we continue to serve as area leaders showcasing a sustainable and successful growth model as tourism continues to soar.”