Caboguy.com has established an executive connection with Portus de Cortes which builds up-scale homes and condominiums located just outside of Cabo. Ventanas Residencial is a gated community of over 130 detached homes with a Club House, spacious living areas, rooftop terraces and grass yards. All homes are full title ownership, with available financing and spectacular views of the Sea of Cortez, Pacific Ocean, Land’s End and sunset mountains. The Condos at Ventanas consist of 2-bedroom condos with a Club House, pool, 24-hour security and parking for 2 cars. Concierge and property management services are available to all Homeowners.
Caboguy.com also has executive relationships with the following developments in the Cabo area:
Hacienda Cabo San Lucas - located on Medano Beach in Cabo, Hacienda is considered the prime real estate property in Mexico.
Nestled amid palm groves above a private beach, Hacienda comprises over 230 resort residences ranging from 30 beachfront villas
to 4-bedroom penthouse suites. Stunning views of Land's End and the Sea of Cortez are available from each unit. Hacienda has approached $300million in pre-construction sales making it one of the most successful investment properties in Mexico's history.
This 24-acre private and ultra-exclusive village resort is developed by the partnership of The Koll Company, Del Mar Development and Starwood Capital. Purchases in Phase 2 are now available.
Caboguy.com offers the opportunity to purchase a 2-bedroom condominium
(4000 sq. ft., large decks, GREAT views) in Phase 1 Hacienda Cabo San Lucas.
Available for occupancy in early 2009; please contact me for more info.
Villas Pelicanos – two Hacienda-style villas located on the Cabo Real golf course located about 7 miles outside of Cabo. Each villa is over 5300 sq. ft. with pools, hot tubs, spacious living areas and spectacular views of the Sea of Cortez.
Chileno Bay Resort - located about 5 miles outside of Cabo, this oceanfront 1260-acre development features all the amenities of an exclusive resort - private villas, estate homes, condominiums, private marina, and two Fazio-designed golf courses.
Las Villas - located on the marina in Cabo, this 90-unit condominium project is close to all the action… wander the Malecon to people-watch and enjoy drinks and dining at the variety of locales. Included are a spa, property management, beach club, concierge services and parking.
Rolling Hills Estates - located about 5 miles outside of Cabo on the Pacific side which consists of over 600 rustic lots with fantastic sunset views.
Cabo Villas - a timeshare project located on Medano Beach just steps from fun-in-the-sun action.
There are many questions to consider when acquiring property or a home in a foreign country; here are some of the main ones to consider:
1. Can foreigners buy property in Mexico? Yes, owning property in Mexico is quite safe because of government established laws which protect the rights of both the buyer and seller. The Foreign Investment Law was passed in 1993 allowing foreigners to acquire coastal real estate through a bank trust called a “Fideicomiso”.
2. How does this Fideicomiso work? Title of the property is transferred to a trust with a Mexican bank acting as the trust agent on behalf of the buyer. The Mexican Foreign Ministry formalizes a permit for the Trust Agreement wherein the buyer is designated as the Beneficiary of the Trust in the public record by a Notary Public. The 50 year term can be re-newed and is not to be confused with a lease agreement.
3. What are the buyer’s rights? The buyer has all the rights as the trustee of the Fideicomiso thus can develop, build, live-in, rent or hold for investment purposes. If one decides to sell the property, this is done by assigning the Fideicomiso to the new buyer.
4. What about Title and insurance? It is recommended that the Title be insured and that insurance is put on the property. Your realtor will ensure that these steps are taken during the purchase process.
5. What about capital gains when I decide to sell? Mexican law requires that capital gains be paid when you sell your home or property thus it is very important to register the value of your property at the full purchase cost. Your realtor will ensure that your Title is registered according to all laws and regulations.
6. Now what? Once you have acquired your home or villa or just plain dirt, now you can look forward to many years of enjoying “Sunsets Every Day” in Cabo!
If you desire information regarding timeshares or fractional property ownership , ask@caboguy.com can connect you with our representative who will discuss the benefits of these options.
