ENGEL & VÖLKERS SNELL REAL ESTATE
IN PARTNERSHIP WITH LIFESTYLE ASSET GROUP
LAUNCH COLLECTIVE OWNERSHIP SERVICES
OF THE PARAISO RESIDENCES
When the leading luxury real estate brokerage in Mexico´s Baja California Sur partners with the rapidly growing power player of luxury second home ownership, business is extraordinary. Since September 2019, Engel & Völkers Snell Real Estate and Lifestyle Asset Group have worked together granting buyers the opportunity to collectively own a select number of remarkable properties from the luxury brokerage´s exclusive portfolio. Now, the announcement that two Bliss units from The Paraíso Residences will be included in this selection makes for a smart way to own true equity within this residential community located in the heart of the Cabo San Lucas marina, all for a portion of the cost.
Lifestyle Asset Group’s real estate partnership offerings (through exclusive LLCs) brings like-minded investors together to collectively own a magnificent vacation home. This model offers a brilliant solution to Los Cabos’ luxury second home market for both buyers and sellers. Buyers make a sensible investment in the usage/equity interest level with a defined exit strategy in place so all investors know how and when their capital will return after eight years of enjoyment; and sellers are able to move their property at or even above market values, for no additional cost when compared to the traditional sales process. Nearly $40M of luxury real estate listed by Engel & Völkers Snell Real Estate is being offered under this ground-breaking and innovative model, including the following properties: Villa de los Sueños, Paradiso Perduto, Casa Oliver, The Residences at Solaz, a Luxury Collection Resort #202, and Viceroy Penthouse A. Officially on the market with full ownership since March 2020, The Paraíso Residences is now also debuting two of its 58 Bliss units through collective ownership services.
Richard Keith, Senior Partner and Co-Founder of Lifestyle Asset Group comments, “We are delighted to offer a smart and sensible shared ownership option for an array of Engel & Völkers Snell Real Estate listings and the addition of The Paraiso Residences in downtown Cabo San Lucas is certain to resonate really well for Cabo fans.”
Exclusively represented by Engel & Völkers Snell Real Estate, The Paraíso Residences promises homeowners an urban luxury lifestyle with the sights and sounds of Cabo´s best. Through this LLC model, the purchase of units 1302 and 1403 means each investor only pays their share of the ownership costs, serving as an affordable and sound investment opportunity. Private and simply one-of-a-kind, these three and four-bedroom residences feature exquisite marina views, elegant designer touches, upscale kitchens, private patio areas, rooftop verandas, and more. The members-only amenities include a fitness center, pool, bar and lounge, and concierge services, all surrounded by lush landscaping. This prime location is minutes from the sea and the famed Medano beach – an exciting hub of watersports lined with high-end hospitality brands and toes in the sand restaurants. There is no better time to #VacationInvestRetire and #LiveCabo with this luxury vacation home offering.
Vanessa Fukunaga, President & CEO of Engel & Völkers Snell Real Estate states, “In alliance with Lifestyle Asset Group, we are so excited to now exclusively offer two units from The Paraíso Residences with the most sophisticated and effective collective ownership services. Appealing to those buyers who desire to have a vacation property here but simply can’t justify taking on 100% of the expenses while only enjoying the property 10% of the year, this is the perfect solution.”
Specialized team members from Engel & Völkers Snell Real Estate are managing the onsite sales office located in the Cabo San Lucas Marina.
To learn more please contact:
Owner, President | CEO of Engel & Völkers Snell Real Estate