Five-Star Resort Residences Take Root in Los Cabos
ORIGINALLY POSTED ON OCTOBER 23, 2017 BY ALEXANDRIA ABRAMIAN, ROBB REPORT
…Los Cabos, located on the tip of Mexico’s Baja California peninsula, is experiencing an explosion of ultra-luxury-home construction. Many of the new projects are hotel-based residences that offer owners not only valuable property but also extensive round-the-clock resort services. Among the newest offerings is a collection of 30 private residences from Las Ventanas al Paraíso, a Rosewood Resort, one of the best-known luxury resorts in the region. Homes will boast authentic Mexican design, private infinity pools, 24-hour butler service, and rooftop putting greens.
Penthouses are priced at $7 million and include 9,000 square feet of indoor/ outdoor living space with views of the Sea of Cortez from 3,600-square-foot rooftop terraces.
…Several factors fuel the boom in Los Cabos, with the region’s ease of access at the top of the list—especially for West Coast residents. Here, the 2-hour direct flights to sugar-sand beachfronts oftentimes trump the 6-hour jaunt to the Hawaiian Islands, which have long been a favorite beach-home mecca. “For the same reason tourism has boomed and hotel development has responded, the luxury-home market is now experiencing impressive growth, as investors have decided Los Cabos is ideal for second homes, vacationing, investing, and retiring,” says Vanessa Fukunaga, president and owner of Engel & Völkers Snell Real Estate, which has had its most active first quarter on record, posting an increase of 100 percent in sales volume over the same period in 2016.
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