The latest in Los Cabos real estate news
By Carol S. Billups
Chileno Bay Development Gets New Name
The luxury condominium project previously known as VieVage Los Cabos has a new name: Chileno Bay Resort & Residences, Los Cabos by Auberge Resorts Collection. According to the developer, the change will better reflect its location. The development is located at Chileno Bay, about halfway between Cabo San Lucas and San José del Cabo.
The branding will identify the residential product as being affiliated with Auberge, whose reputation for extremely high-end boutique luxury resorts is recognized internationally. Chileno Bay has long been one of Los Cabos’ best loved beaches for swimming and snorkeling. The development will include an Auberge hotel, the newly renamed residences, a Tom Fazio–designed golf course, restaurants, and a full array of amenities. Three- and four-bedroom units are currently being offered in presale.
The Four Seasons Comes to the East Cape
East Cape town La Ribera is home to Costa Palmas, a still-under-construction project that will feature a new Four Seasons Resort. Surrounding the resort will also be its eponymous residences and private villas. As part of the Costa Palmas master-planned community, owners will have access to the private marina, a Trent-Jones designed golf course, and the Costa Palmas Beach & Yacht club. Built by L.A.-based Irongate developers, the residences and villas will offer concierge services and property management by Four Seasons. The developer has indicated the properties will be available for sale in approximately two years, although there are some preliminary buildings in place. Costa Palmas is a 1,000-acre development set on two miles of beachfront property.
Cabo Del Mar Hosts First Tennis Open
Los Cabos hosted Abierto Los Cabos, its first-ever professional tennis open, in August. The tournament was held in the new tennis center at Cabo del Mar Ocean and Ecopark Village, which is under development by the Portus Group. Cabo del Mar is the newest development by the Portus, which also created the very popular Ventanas communities near Cabo San Lucas and the ocean-front Soleado Residences on the surf break in San José del Cabo. Portus designed Cabo del Mar to be an eco-friendly development in a park setting that also offers all the amenities for which Ventanas is known.
There’s a clubhouse, as well as pools, restaurants, 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.