Banyan Tree Mayakoba, Mexico $1,800,000

Banyan Tree Hotels, based in Phuket, Thailand, offers 50 whole ownership villas overlooking the mangrove canals and lagoons of the Yucatán’s newest luxury development in the Caribbean. Pictured is a 1,835-square-foot home (6,330 square feet with exterior living spaces), which boasts two bedrooms, two bathrooms—including a luxurious master suite with outdoor whirlpool–and full size swimming pool. Although Banyan Tree is legendary for its extraordinary spas, this is the company’s first offering in the Americas. Owners have access to a Greg Norman Championship golf course as well as the 132-villa Banyan Tree Mayakoba Hotel and Resort to be completed in early 2009, featuring outdoor spa pavilions lining the lagoons.  www.banyantreemayakoba.com