Flower Condo Cabo San Lucas
Price Comparison

 

Price Comparison on Cabo San Lucas Real Estate. Information on Condos Real Estate Investment in Mexico

PRICE COMPARISON IN AREA

Nestled between El Dorado and Chileno Bay Resort is the well designed Master Development of Cabo Real which includes 6 five star hotels, including Casa del Mar Hotel and Golf Resort, a 18 Hole golf course designed by Trent Jones, Condos and individual residences in gated communities.

El Dorado beach lots for a single home sell for $7million

Chileno Bay Resort beach lot for a single home $8 - 10 million (all 14 have been sold)

 

Casa del Mar condos comparisons currently listed

El Delfin 303 2 bed room 2 bath $999.00.

Playa 303 2 bedroom 2 bath $1,150,000

Dorado II 205 2 bedroom 2 bath $750,000.

1 Bedroom 1 bath listed with Coldwell Banker $450,000.

The Rise of the Condominium  

In the last three years condominiums have surpassed hotels as the No. 1 investment in Mexico's residential tourism industry.

In 2006, more than 2,000 condominiums were built as opposed to 700 hotels of which 180 were considered as high-level development projects according to the Tourism Secretariat.

"Today, the condominium market in Mexico has become the hottest thing in terms of investment," says Carlos Rosso, director of the property firm The Related Group. "Our company has pumped over a billion dollars in three different locations in Mexico with a large amount being funneled into condominium projects; the demand is overwhelming."

The spike in the residential tourism market is largely attributed to baby boomers in the United States who are on the cusp of retirement and are eyeing Mexico as a place to see out their twilight years. Plus, the recent upsurge in Mexico's economy has seen affluent Mexicans buying up second holiday homes at an accelerated rate while the government's deregulation of the mortgage market with easy to secure loans for home buyers all goes a long way to explaining the massive surge in the industry.

New Casa del Mar Residencias

20 are under construction 2 Bedrooms and 3 Bedrooms 

Fractional Ownership (full ownership buy what month you 

want to be in Cabo) 

Two Bedrooms 2 Baths $250,000.00 PER MONTH

(That equates if you want to own for the full year $3million)

Fractional Ownership

 For the upper-middle classes timeshare was always something of a let down. Unwilling to spend several millions of dollars on a holiday home at most they’d use one month out of the year, the alternatives were a crowded hotel resort or the use of a not so extravagant timeshare condo. The market was obviously lacking a better solution. Then came along fractional ownership.

On the snowy slopes of Aspen, Colorado, developers marketed the idea of selling a high-end property but to several buyers at once. This also included access to five-star hotel services and other luxurious perks. The venture was an instant success. Now a buyer could holiday at a rich tycoon’s condominium but for eighth of the price. The upper-middle classes had suddenly found a way to taste the trappings of the super rich but within their own budget.

Why not own a smaller 2 bed room 1 bath for $580,000.00

that you can use for your enjoyment year around.