Ocean view development lot with a bonus custom house, full size pool and swim up bar located in a peaceful neighbourhood just a few blocks to the beach, downtown restaurants & shops! 11 miles from Vallarta airport. 12' ceilings, 2 bedrooms and 1 bath main level, and an ocean view open master suite fit for royalty takes up the entire 2nd floor, with access to the rooftop terrace with stunning 360 degree views (3 bedrooms 2 bathrooms total). Covered secure parking for 3+ cars. Separate bar / entertaining area, seating in the shade or sun, storage and laundry. Use the home and plan for future development for a smart investment you can enjoy! H127 zoning which allows you to add multiple units, or expand space for a large family. Featured on HGTV. Contact for your virtual tour now!