The Los Cabos real estate market experienced a boom in 2006, with the trend continuing into 2006. Most real estate companies reported a record sales year. The level of optimism for sales in 2006 is high, while inventory levels are low. The good news is that many new projects are on the horizon, with offerings in all price ranges to accommodate most buyers.
During the last two years, Los Cabos has seen a major expansion in mega super markets and retail chains. These include stores such as COSTCO, Home Depot, City Club, Soriana and Centro Comercial Californiano (CCC). One of the newest stores to open is Comercial Mexicana, a popular chain on the mainland. It is located in San Jose in a plaza that has 40 retail outlets.
The following is an update on some of the developments in Los Cabos:
Hacienda. Everyone has been wondering what is going to be built on the site of the
old Hacienda Beach Hotel in Cabo San Lucas. Newport Beach, California
based Koll and Greenwich, Connecticut based Starwood Capital Group
recently acquired the 22-acre oceanfront property in Cabo. The
redevelopment plans call for 203 condominiums and 30 single-family
homes. The project will be developed in four phases. Delivery of the
first units is expected in late 2006 or early 2007. The total sell out
is estimated at around $400 million. Koll’s acquisition and development
manager said that the bulk of the units will be in a series of low-rise
buildings up to six stories. In addition, there will be 30 single-family
beach front homes. The development will offer direct access to the Cabo
San Lucas Marina and will include a beach club with full restaurant,
infinity pools, spa, workout facilities and lounge for the use of
residents.
Querencia. A private golf club and residential community in San Jose del
Cabo has completed the acquisition of a new parcel of land adjacent to the development. The new property, 400 hectares or approximately 900 acres in size, stretches west and southwest, towards the village of Cabo San Lucas.
Currently, Querencia offers a private Tom Fazio course and a portfolio
of custom or standard building options ranging in size and price.
El Dorado. Nestled between expansive sand beaches on the Sea of Cortez and rugged desert canyons, El Dorado Golf and Beach Club offers a secure, private community experience with unparalleled service, lifestyle, and recreational opportunities in the heart of Los Cabos’ beautiful resort corridor.
At the core of the community is a private signature Jack Nicklaus-designed golf course widely considered one of the most beautiful and dramatic in all of Cabo. The lush fairways of El Dorado accentuate the stunning contrast between the desert landscape of the southern Baja and the vivid blue ocean with breaking surf just yards away. The waters of the Sea of Cortez are known worldwide for record-setting bill fish.
The oceanfront golf and beach clubhouse is situated on a picturesque white sand beach. Like other Discovery Land Company communities, El Dorado offers a host of truly exceptional recreational amenities. Luxuries will include private day-spa treatments, world-class dining, members-only beach club amenities, a state-of-the-art fitness center, and residential/member services to maximize the enjoyment of your home in Mexico. Additionally, members and their families will turn to El Dorado’s Outdoor Pursuits staff to experience all of the adventure Baja has to offer in a fun, safe environment.
Within El Dorado’s guard-gated, secure community, members will find an intimate collection of exceptional luxury homes crafted to Discovery’s highest standards. The architectural and landscape palate will be distinctive and luxurious yet at home in coastal Baja. All of these are within easy walking distance of the beach clubhouse. El Dorado’s staff provides worry-free property ownership in Mexico with maintenance, housekeeping, security and landscape services available or included.
In all, El Dorado is destined to become the finest private family-oriented golf and beach club in the accessible and stimulating Mexican destination that is Los Cabos.
The East Cape. (The coast beginning at San Jose del Cabo and heading
north toward La Paz) The highway department has budgeted 10 million
pesos to pave the East Cape road. Bids are currently being requested
for the work. Government officials hope to make substantial advances in
2006 and finish in 2007. Large beach front parcels are still also available. New resorts such as Puerto Los Cabos and a new Mayan Palace complex and paved roads are going in on the East Cape bringing services in the near future. Some
areas already have utilities. You can still enjoy the pristine beauty
and peace that is found on the East Cape.
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