What is the cost to buy land or a lot in Los Cabos - La Paz, Mexico
Victoria Moate - Close It Fast
The cost to buy land or a lot in the Los Cabos, La Paz area depends on where the lot is located. Obviously, Cabo is more expensive than La Paz. A lot that has a view of the water, which is quite a ways back from the water would start at around US $50,000. If you want a beautiful oceanfront lot, depending on where it is, you can expect to pay anywhere from $250,000 and up. I have seen an average of about $500,000 but it depends on how much shoreline access it has. The cost to buy land or a lot in the Los Cabos, La Paz area depends on where the lot is located. Obviously, Cabo is more expensive than La Paz. A lot that has a view of the water, which is quite a ways back from the water would start at around US $50,000. If you want a beautiful oceanfront lot, depending on where it is, you can expect to pay anywhere from $250,000 and up. I have seen an average of about $500,000 but it depends on how much shoreline access it has. There are also lots going towards La Paz 45 minutes outside of Cabo in an area call Los Cerritos. It is known as a really big beach area. There are desert lots out there that may have a very far Pacific Ocean view and that go for $8,000. The cost really varies.
As you go towards La Paz, there are different neighborhoods in which and you can get a lot for $30,000 that would have a beautiful view of La Paz Bay. You can go very affordable. The difference is on the services that you get. For example, in the Los Cerritos area, there are no services so it would be 100% off grid living. You would be using solar and wind power, which by the way, is perfect down here because we always have good cross breezes and we have somewhere in the area of 350 days of sun. The sizes of the lots that I mentioned as examples would be around 50 by 150 feet, which is the same size as a city lot.
There was a 430-acre property that was for sale up in the mountains that was mainly a ranch. It had one legal well on it and it had the old farmhouse that was there but needed major repair. They were asking $230,000 for it.
So in general, the cost to buy land depends on where the land is located, where you want to be, how close you want to be to services, etc. Our corridor from Cabo to La Paz is about 90 miles but it’s a four-lane highway that they put in between the two so it is very easy to go back and forth and that is really the growth corridor on the Pacific side. The highway starts on the Pacific side and goes across the state to the Sea of Cortez side. Cabo is down at the end and once drive up the Pacific sides you get to Pescadero, then there is a mountain range, and after you get past the big mountain range, then it starts curving over and it goes to the Sea of Cortez. It is a 100 miles from the Pacific side to the Sea of Cortez side.
(Beach at Los Cerritos, Baja California Sur, Mexico, pictured.)
Posted May 6, 2016
Ana Maria Carranza - Diamante Associates
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In La Ventana, where I live (a small town 40 minutes south of La Paz), you can get land starting around US $18 per square meter (about US $18,000 for a quarter of an acre) if you get a really good deal. That would not be beachfront and without electricity and without water but these are all deeded properties. It would be four or five blocks up the mountain and it would have beautiful views. That would be a really good deal but I have sold...In La Ventana, where I live (a small town 40 minutes south of La Paz), you can get land starting around US $18 per square meter (about US $18,000 for a quarter of an acre) if you get a really good deal. That would not be beachfront and without electricity and without water but these are all deeded properties. It would be four or five blocks up the mountain and it would have beautiful views. That would be a really good deal but I have sold properties for that price. The most I’ve sold a property for is about $280 a square meter (about $280,000 for a quarter of an acre) for a beachfront property. If you buy land along the corridor here, with electricity and water, you would be looking at around $40 to $60 a square meter (around $40,000 to $60,000 quarter acre).
There is a huge difference in price between being on the beach side and on the mountain side of the main road. Anything on the beach side of the main road is going to be at least $60 a square meter ($60,000 per quarter acre). If you buy land that is five blocks up the mountain but with electricity and no water, it would cost around $25 to $30 per square meter (around $25,000 to $30,000 for a quarter acre).
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The cost to bring electricity to your place will depend on where the nearest transformer is located and how many meters away the property is. I have had clients bring in electricity and not have to purchase a transformer. They excavated about 120 meters and paid a total of 46,000 pesos ($2,500) and that was three years ago when the exchange rate was 12 pesos to a $1. This was underground, which is better because it doesn’t obstruct the views with electric cables.
You could find comparable prices in Centenario (a development near La Paz), and Los Barriles (about half way between La Paz and Cabo) but then Cabo will be much higher.
(Condo in Cabo San Lucas, Baja California Sur, Mexico, pictured.)
Posted July 15, 2016