Cabo Costa Penthouse Tour, Cabo San Lucas

Welcome to Cabo Costa Mirador, phase two of Cabo Costa in El Tezal East. Overlooking phase one, Cabo Costa Mirador. PentHouse units have an outstanding ocean view. Great location, Only 900 meters from highway access, close to shops, grocery stores, and more! This desirable community consists of 180 condos, 2 pools, a clubhouse, gym, co-working space and green common areas. Only 6 units remain!! Take advantage before all inventory is gone! 5 year financing available with 50% of the purchase price. No rental restrictions - grab your vacation condo or rent it out for income! Make your Cabo dream become a reality.
Fletcher Wheaton at cabokey.com

[@kenabest]

Thank you Fletcher😊

[@fletcherwheaton]

Nice spot Ken!

[@WalterEKurtz-cr6hm]

Looks like a nice development, however, it's a bad look attempting to hype the current Cabo market with the premise that this purchaser has had unit appreciate $125k before moving in. As you are aware, there are literally thousands of construction condos coming to market soon, including over 2000 in the small area of El Tezal. Prices are falling hard, as 'investors' are coming to the realization that the market has shifted. Your buyer may list his unit at $125k over what he paid, but it will sit on the market for likely years at this point. Additionally, you should be realistic about rental opportunities. As you are aware, many of the owners of the recently complete El Tezal condos are experiencing very soft demand. 2022 was an anomaly. Then add the 2000+ soon to be completed condos in the El Tezal area, and it's not going to get any better for years to come. Other than XMas and Spring Break, the mass of BnB and VRBO listings will far outstrip demand. Therefore, don't use rental income in factoring in affordability. Anyhow, good luck with your sales.

[@fletcherwheaton]

"It's a bad look attempting to hype the current Cabo market" - Maybe you should check on some other videos on my channel. This video was sent on email under the title "It's a buyers market in Cabo." And these buyers aren't listing their condo, it's their vacation spot for years to come - Thanks for commenting.

[@intramotus]

Hi Walter - great insights, I appreciate your realism. I have been looking in places like Quintana Roo and Baja as well as Vallarta and Merida... Where do you think the market offers good balance and not over development, and that's not too played out like Vallarta is ? Thanks, I appreciate it. Brent in California

[@fletcherwheaton]

@@intramotus thanks Walter. Tough question to answer because Quintana Roo is so much different from Baja. Happy to have a chat if you want. If you are looking in Quintana Roo, I would reach out to Dave Costa @bestdealmexico