San Jose del Cabo Real Estate Developments
by David Mandich, Baja Real Estate Advisor

Nearing completion is a marina for 500 yachts, the breakwater, and infrastructure of roads, sewers, etc.  Golf courses are being built now with completion on the horizon. If you missed out on Malibu in the 1940’s, Tahoe in the 50’s, or Napa Sonoma in the 60’s, buying in Los Cabos, or the East Cape will be your second chance to get in on the action.

In San Jose proper are many inexpensive condos around the Mayan Palace (old San Jose) golf course. Unfortunately, all the old and new inventory is sold out as of the middle of this year (2006) and prices are rising 2-5% per month on the resales that come up.  

Example: One year ago Loma Linda, a 40 unit condo project with 2,000 sq.’ 2brm, 2bth units began selling for $157,000 USD.  Little over a year later, the first resale came in at $335,000. Down the street (closer to the ocean and golf with a better view) the  new Alegranza project of 100 similar sized units started selling at $380,000 in April of 2006.  Twenty six of the 100 units have sold in the first month of sales – before groundbreaking! And its expected prices will climb as it's location offers the best in convenience to town (10-minute walk), and Palmilla Bay and golf course views in the city.

Below, along the golf fairways, is the fifteen year old Finnisterra residential area with homes ranging from $350,000 to several million, some with views of the golf greens others with ocean views. Across the highway is the upscale Mexican residential development of Majisterial with home prices ranging from $150,000 for a small two bedroom to upwards of $500,000 or more.

West above the highway in San Jose are the luxury home developments of La Jolla, Gringo Hill, Querencia and the Palmilla resort. Here you can close your eyes and fantasize you are living in La Jolla California – or much better, given the amenities, tranquility, and ambience. The team at BajaInsider has the inside track on all these places as well as land for building your dream home on or for building a major development.

On the waterfront in the Hotel Zone of San Jose del Cabo, can be found first class hotels including the Presidente Inter-Continental Los Cabos, the Royal Solaris Los Cabos Resort and the newest the Crown Plaza Los Cabos Beach Resort with its landmark lighthouse tower. Take time to visit the lighthouse tower at the Crown Plaza, have a drink and enjoy the sunset over the beautiful Sierra de la Laguna mountains. It’s a great place to view all the development going on from Palmilla to Punta Gorda with Puerto Los Cabos in between.

Keep The Watch
Todos Santos, La Paz and Loreto – all on the Mexican governments departments of tourism and development radar screen – and are not far behind. It may be just a year or so before they become as hot as Los Cabos.  Will you be there?

David Mandich is a Real Estate, Travel, Medical & Dental Vacation writer.  A former American Banker who specialized in construction lending, he makes his home in San Jose with wife, Dra. Rosy Peña the Dentist with the "Touch of an Angel".  For more information about Los Cabos properties or business investments, contact David.