Destination: Mexico: Costa Careyes

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Costa Careyes (or Careyes as initiates tend to abbreviate it), is not technically a private club, but it certainly feels like a sexier version of Lyford Cay, the members-only enclave in the Bahamas. Surrounded by 30,000 acres of nature preserve, the 4,000-acre resort on Mexico’s Pacific Coast has some of the most glorious warm-weather houses in the world. One comes with a rope ladder bridge to its own wave-crashed peninsula. Two others come with moatlike pools so guests can swim from the porch off of their bedrooms to the dining patio for breakfast if the spirit moves them.

Inspired by the jet-set scene of the Costa Smeralda, the scion of an Italian banking family, Gian Franco Brignone founded the resort and real estate development in the early 1970s. He staked out a wedge of land between Puerto Vallarta and Manzinillo and began with a beach house on a palm-shaded cove. According to legend, he lured Gianni Agnelli as a houseguest in the early days. Sir James Goldsmith rented houses in the 1980s, before purchasing a 25,000-acre parcel down...

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