Anyone with experience building in Rocky Point, Mexico?

[Dirk Gesink]

Does anyone have any experience building in the beach communities of Rocky Point Mexico?  I have several ocean view lots I bought years ago (3 in Las Conchas and 3 in Encanto).  The market appears to be heating up there and I am thinking of building a spec home on one of the lots and, if I do well, sequentially building on the others.  I met with several builders and it looks like I can build for about $90/sf and sell for about $125/sf.  I would probably be building about a 2000 sf house.  My wife and I have done several fix and flips in the states and have done relatively well.  This would be my first new build and my first international project so I want to make sure I’m not biting off more than I can chew or taking too big of a risk.  Any thoughts, particularly those based on experience, would be welcome.  Thanks.