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    Paradise For Sale

    Buying a piece of paradise: A Mexican penthouse brings a $1.2 million price tag and tropical wows

    Barbara Kuntz
    Barbara Kuntz
    Mar 29, 2014 | 4:01 pm

    Editor's Note: Houston, the surrounding areas and beyond are loaded with must-have houses for sale in all shapes, sizes and price ranges. In this continuing series, CultureMap snoops through some of the best and gives you the lowdown on what's hot on the market.

    Are you ready to pack your bags? A luxurious penthouse in the planned residential resort community of Nuevo Vallarta, Mexico, is ready to whisk adventurous home buyers away with open-air architecture, sweeping beachfront views and tropical charm.

    The price to stop being a tourist and become an owner of a piece of paradise? A cool $1.2 million.

    At least, you can always dream about it.

    About Nuevo Vallarta, Mexico
    Located a scenic 15-minute drive from Puerto Vallarta's international airport, Nuevo Vallarta is home to luxury villas, condos and estates, many with canals leading to private docking piers. The marina development features a 3,000-slip, state-of-the-art facility. Many malls, stores and eateries in the area are popular for day and evening excursions.

    The white sand not only attracts sun worshippers and beachcombers, but endangered Caguama turtles as well.

    The white sand not only attracts sun worshippers and beachcombers, but endangered Caguama turtles as well, who lay their eggs each winter on the beaches of Nuevo Vallarta.

    Walk through
    Winding down Nuevo Vallarta's boulevards lined with palm trees and exotic vegetation, owners turn into the drive at 1143 Nayarit nearby The Grand Mayan Nuevo Vallarta. Residents of the mid-rise have assigned parking, so it's time to leave the car — and worries — behind and head up to the penthouse.

    A dramatic two-story-tall entry seamlessly becomes the main room, where ocean breezes from the back terrace flow throughout the first floor. Dining is always al fresco here, with designer all-weather dining table and chairs located on the oversized balcony. The panoramic view from this vantage point seems endless, and below, a private pool and sandy beaches await.

    Back inside, the chef's kitchen opens to the lofty great room. The master bedroom is tucked away on the first floor, complete with private access to a secluded sitting area on the terrace. Tropical wood, exposed wood beams, locally sourced stones and tiled floors found throughout the penthouse find balance with the contemporary architecture. A modern stairwell takes visitors upstairs to a formal living room and casual dining room, and a catwalk connects one end of the second floor of the house to the other.

    In addition to the master bedroom, the penthouse includes three other bedrooms with full en suite baths and a full bath off the great room. An working elevator is available, as are an exercise room and large outdoor whirlpool tub for soaking under the stars.

    Step outside
    Ah, Mexico.

    Square footage: 4,801

    Asking price: $1.2 million

    Listing agent: Colleen Phalen, John Daugherty, Realtors

    The full en suite bathroom features local marble and tropical woods - luxe materials found throughout the penthouse.

    On the Market 1143 Nayarit Nuevo Vallarta Mexico March 2014
    Photo by © Ruben Hidalgo
    The full en suite bathroom features local marble and tropical woods - luxe materials found throughout the penthouse.
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    the renter generation

    New report declares Houston a hotspot for Gen Z renters

    Amber Heckler
    Mar 17, 2026 | 5:00 pm
    Houston apartment buildings skyline
    Photo by Tim Newman/Getty Images
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    A new report has confirmed what most Houston-based Gen Zers already know: Homeownership rates aren’t looking good for the Zoomer generation. In fact, an overwhelming majority of all Gen Zers in the Houston metro are renters, according to a new Rentcafe study.

    Out of the 189,398 Gen Z households in the Houston area, about 14 percent of them are homeowners, and the remaining 86 percent rent. That makes Houston the No. 25 trending metro area for Gen Z renters nationwide.

    The housing report analyzed the U.S. hotspots where Gen Zers (individuals born between 1997 and 2012) are renting versus buying their homes. Using homeownership and renting data across 97 U.S. metros, RentCafe’s analysts determined which cities have had the biggest gains in Gen Z renters and homeowners from 2018-2023.

    Houston also ranked No. 25 in the national comparison of metros where nearly all Gen Z individuals rent. The study’s findings show there were 162,305 Gen Z households who were renters in 2023.

    The prevalence of Gen Z renters in the Bayou City has skyrocketed over the last several years, as they've gotten old enough to move out of their parents' homes; there were only 21,639 Houston-area Gen Z renter households in 2018. During the same five-year period, the rate of Gen Z homeowners in Houston grew from 3,175 to 27,093 households.

    Unsurprisingly, affordability is one of the biggest hurdles that the younger generation faces when it comes to homeownership. But a separate housing affordability report found Houston home prices are starting to cool off after a two-year price surge, which could bring relief to homebuyers of all ages. According to the latest market insight from the Houston Association of Realtors, February median housing prices have dipped to $322,078, their lowest level in two years.

    RentCafe adds that metros with good job opportunities (and good pay), recreational activities, and good schools are top-of-mind for Gen Zers that want to settle down in one place.

    “And it’s not just the big coastal cities that offer these things,” the report’s author wrote. “While major hubs like New York City and Boston still attract Gen Z renters, the real growth is happening in the South.”

    Gen Z renter and homeownership rates in other Texas cities
    The meteoric rise in Gen Z renters is not just happening in Houston — every major city in Texas is seeing similar shifts in their renter populations.

    Austin has the second-highest share of Gen Z renters in Texas, and it ranked No. 6 among U.S. metros where nearly all Gen Zers are renters. A surprising 91.56 percent of all Gen Z individuals living in the Austin area rent, and only 8.44 percent are homeowners. Out of the total 102,323 Gen Z households living in the metro, 93,687 are renters, while the remaining 8,636 own their homes.

    Dallas-Fort Worth has the highest number of Gen Z renters in the state, at 189,461 households, and only 25,002 Gen Zers own homes.

    San Antonio, on the other hand, is home to one of the highest rates of Gen Z homeowners in the state. About 20 percent of Gen Z San Antonians are already homeowners, while the remaining 79.57 percent are renters. That adds up to about 13,862 Gen Z homeowners, and 53,998 renters.

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