Sun Plus Ocean Plus 18 Holes: The Allure of Mexico’s Golf Homes
These developments embrace Cove Membership, an 1,800-acre neighborhood with a Jack Nicklaus-designed course; Diamante, with three golf programs together with two designed by Tiger Woods and Davis Love III; and Cabo Actual, a 2,800-acre neighborhood (half of Questro Golf, a consortium of three programs) with 3.2 miles of beachfront and a Robert Trent Jones, Jr.- designed course.
In response to native brokers, most of Cabo’s actual property communities are upscale with house costs beginning at $2 million. “You’ve the highest finish of luxurious right here,” mentioned Saddia Rahaman, an actual property adviser with Engel & Volkers, who resides in Los Cabos. “It’s not unusual to search out listings for $10 million and above which have consumers in heated bidding wars.”
Extra proof of Cabo’s excessive costs: a current survey of 175 consumers from Golf Life Navigators, a web site that matches folks with golf memberships and houses, discovered that the common actual property finances for a golf house in Cabo is simply over $730,000.
Regardless of the costs, gross sales have been flourishing all through all elements of Cabo.
Ms. Rahaman mentioned that her firm noticed practically $141 million in gross sales in 2020, versus round $103 million in 2019 — even though Los Cabos was shut down from March to June. “Cabo has all the time been a well-liked second-home market, however the pandemic pushed gross sales to unprecedented ranges,” she mentioned.
Querencia, an almost 2,000-acre neighborhood close to the airport with a Tom Fazio-designed golf course, noticed house gross sales enhance 40 p.c from 2019 to 2020, in line with Andrea Geisler, who works in actual property gross sales for the model. Querencia’s 140 properties face both the mountains or the course, though 30 oceanfront condos are at present underneath building. Costs for a 4,000 square-foot residence start at $2 million, Ms. Geisler mentioned.
“Most consumers come for the golf, though our different facilities such because the seashore, two swimming swimming pools and bike trails appeal to some nongolfers,” Ms. Geisler mentioned.
One of the most recent communities within the space, Rancho San Lucas, debuted 32 modern hacienda-style luxurious properties in 2019 that value from $3.7 million to round $7 million and 120 villas priced from $425,000 to $1.5 million. Greg Reisdorf, the property’s mission director, mentioned that 15 of these properties have been bought from November 2020 to February of this yr — the busiest interval since gross sales started in January 2019. Rancho San Lucas, which sprawls throughout 834 acres, has the trimmings of a resort: a course designed by Greg Norman; 15 miles of jogging and bike trails; three swimming pools; and a spa with out of doors therapy rooms.
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