Located in downtown Cabo San Lucas, El Pedregal was the first gated community of its kind in all of Cabo dating back to the 1970s. Hosting and being owned by the Rich and Famous, Pedregal has and will continue to be a cornerstone to tourism and our real estate market in Los Cabos.
Watch this latest video as Nick Fong, the founder and broker of Ronival Real Estate, is ready to reveal some great information about El Pedregal. As you’ll see, this is where you find the most luxurious homes for sale in Cabo. And, this is the place where luxury meets the Pacific Ocean in Baja California Sur at Land’s End.
Read on to discover more about this fantastic place in Cabo…
See the latest 12-month market report for El Pedregal
Now that High Season in the Baja is quickly approaching, Nick Fong is eager to provide you with an idea of what has been happening in Pedregal over the last year. At the time of filing this video – October 2021, the micro-market of Pedregal has been nothing short of stellar. As an example, there are only 21 homes for sale now with 33 homes that have sold in the last 12 months.
This puts us at right around 8 months of inventory which by comparison Pedregal has historically always had 2-3 years of housing inventory.
Also, condos are no exception. To explain, there are only 19 units on the market and 55 units that are pending or closed in the last 12 months which means we only have a slim 4 months of condo inventory. Even lots that typically took years to sell are flying off the shelf. There have been 30 sales in the last 12 months and 47 lots currently on the market.
With such a small inventory, Nick is ready to reveal a few properties that are still available for purchase. As such, let’s start with Casa Esperanza..
El Pedregal’s Casa Esperanza
Starting with an absolutely beautiful Cabo home, Casa Esperanza is a vacation rental owner’s dream-come-true. It boasts seven en-suite bedrooms with spectacular Pacific Ocean and beach views. On top of that, there’s a book of business that will satisfy even the most discerning investor.
Book 20 plus days per month bringing in a multiple six-figure income every single year. All this, while using the home personally around 10 days every month. And when you consider this home has easy walking access to the beach of Pedregal, Casa Esperanza really has it all!
Casa Vista Alegria REVEALED
With a name that means “house with a view that brings joy,” Casa Vista Alegría really does offer that. To elaborate, this cliffside, oceanfront home estate is something really special. To begin, the land alone is worth over $2 million dollars. As it sits right now it has four bedoomss, four-and-a-half bathrooms, two offices, a saltwater pool with swimming jets, jacuzzi hot tub, outdoor shower, and hurricane protection throughout the house.
On top of all of that, there is low e glass on every window and glass door, 40 solar panels netting a nearly zero cost electricity bill, an oversized two car garage. Then, there’s the home layout that is fit for the extremely private. The renderings shown in the video are perfect for those that want to remodel and have a ton of built-in equity.
Villa Alta Vista – the location in the video
As the third and final house for sale, see Villa Alta Vista of El Pedregal. This is where Nick Fong filmed this video! This location sits even higher than any other home in Pedregal. And, it has views of the marina and the Pacific. With five bedrooms and six-and-a-half bathrooms, a private pool, being fully furnished, having 38 solar panels, Villa Alta Vista is ready for its new owner.
Now for the price
Each of these three homes are $4M USD or under. But if you are looking for something a little smaller and more gentle on the budget, there is one condo remaining in a new condo project called Montemar. It is listed for just under $400k and it is a two bedroom, two bathroom, fully furnished turnkey condo.
This condo is in a small 26 condo project, so it’s fairly private. And with views to the marina and walkable to everything Cabo has to offer (Nightlife, Restaurants, Marina, and Entertainment) and covered garage parking this is great starter property within El Pedregal.
Baja California Sur real estate
Many Americans, Canadians, and people from other countries choose to make Los Cabos and other magical towns in Baja California Sur, Mexico, their home or vacation home. Discover how to purchase your dream home in Baja. Make an appointment with the top Real Estate Broker in Baja: Nick Fong, featured on HGTV’s Beachfront Bargain Hunt.
Since 2010, Ronival has been helping clients find the best homes in Cabo and throughout Baja California Sur. And, they’re highly-skilled negotiators that’ll get you the best price. Whether you plan to buy a property or quickly sell your Baja real estate, they’ve got you covered!
If you’d like to take a tour of a property in Cabo or anywhere else in Baja California Sur, just click CONTACT to inquire. Or, call directly at 619-831-2000. Ronival will be happy to answer your questions. You can also schedule a time to show you around this breathtaking location.
Ronival on YouTube
Thank you for reading Uncover what’s been happening in El Pedregal 12-month Market Report. Be sure to read other posts about Cabo and Baja California Sur on the Ronival blog. There, learn about the many wonderful aspects of Baja California Sur, Mexico, from blog posts like this.