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Los Cabos Magazine Issue 45 Winter 2017

Los Cabos Magazine | winter 2017 41 rants, shops, gym, and, of course, a full-service spa; there is also now a competition-ready tennis venue. The tennis stadium has seating capacity for more than 3,000 spectators and will serve for many events. All of the houses in Cabo del Mar directly access park land and are equipped with on-grid solar power systems. In keeping with the family-friendly theme, a bilingual private school is also on the grounds, and the Kid’s Land play center. Cabo del Mar features both condominiums and single-family homes with prices starting at about $200,000 U.S. with developer financing available. Excitement Builds Around Twin Dolphin Development It’s hard to miss the construction on the four-lane highway near Cabo San Lucas, at the site of the new 1,400-acre Twin Dolphin master-planned community from Ohana Real Estate Investors. On completion, the resort development will encompass the Maravilla Los Cabos private residential community, the Montage Los Cabos hotel, and the Montage Residences Los Cabos, plus a 19-hole Fred Couples signature golf course and Twin Dolphin Golf Club, dining options, retail shops, and more. The developers have saved and will replant more than 40,000 plants and use desalinated sea water to service the course. Maravilla is already functioning, and it has released some golf course villas and home sites for presale. Development began in early 2016 and is slated to be completed in early 2018. Did You Know? Because we have so many high-profile, high-end properties, many people believe everything in the area is out of reach for the average middle-class family. It is true Los Cabos real estate is generally more costly than in many other parts of México, but there really is something for everyone if you know where to look. In particular, the San José del Cabo end of the Tourist Corridor (the highway separating the two cities) is the high-rent district. A two-bedroom condominium here sells for an average price of $472,000 U.S., and a three-bedroom single family home goes for an average price of $549,000 U.S. Closer to Cabo San Lucas, the average two-bedroom condo costs less than half of that, with an average “sold” price of $215,000 U.S. The average price of a single-family home in this area is $307,000 U.S. But, as with every area in Los Cabos, there is a great deal of variety in product—from affordable homes to luxury mansions, and much more in between. Y COURTESY OHANA REAL ESTATE INVESTORS Montage Residences Los Cabos


Los Cabos Magazine Issue 45 Winter 2017
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