Front Elevation: Endless Appeal
Los Cabos continues to hold Americans’ popular imagination.
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"Homes will continue to appreciate," says J.J. Abraham, vice president of Del Mar Development, the company behind three neighborhoods—Villas Del Mar, Oasis Palmilla, and, most recently, Espiritu Del Mar—in the 1,000-acre Palmilla community near San José del Cabo. Del Mar broke ground on the 75-acre Espiritu Del Mar last year. After an estimated five-year build-out, the development will include botanical gardens, waking trails, and about 100 Mexican Colonial–style homes. As with Villas Del Mar and Oasis Palmilla, the neighborhood will offer residents membership to two private clubs. Homeowners will also enjoy access to a 27-hole Jack Nicklaus Championship golf course, a tennis club, and the One&Only Palmilla.Another development in San José del Cabo is the 2,000-acre Puerto Los Cabos, a $1 billion master-planned resort community that, when completed in 2010, will have six luxury hotels, three miles of beach, and a 420-slip marina. The development unveiled its first phase three years ago, with a selection of custom homesites and mixed-use residences. Also located within the development is the Misión La Serena residential club, which consists of 75 fractional residences featuring open-air showers, elevated plunge tubs, and rooftop terraces. The club’s centerpiece is a multilevel pool where members can order a margarita from the swim-up backgammon bar or submerge their ears to hear lounge music emanating from the underwater speakers. Future plans for Puerto Los Cabos include an ecological park, a trolley that takes residents around the marina, and two golf courses. The goal, however, is to maintain the area’s cultural authenticity. "We want to keep San José as it is: a tasty old town," says the resort’s CEO Jorge Buch Braniff.
In the same vein, Capella
Pedregal has taken stake on the opposite end of
the capes, near Cabo San Lucas’ marina. The 24-acre resort is separated from the
hustle and bustle of downtown by a private tunnel that passes through a mountain
ridge. On the Pacific side exists the resort’s Mediterranean-style residential
village. Capella Pedregal recently launched a fractional-ownership yacht program
that grants members access to a fleet of nine Viking yachts. Each yacht comes
staffed with a captain and first mate who will facilitate scuba and snorkeling
trips, evening cocktail cruises, and camping excursions to the nearby islands.
DEVELOPMENTS/REAL ESTATE
•1 Capella Pedregal
Location: A 24-acre
estate on the Pacific side of Cabo San Lucas.
Residences: 13 four- to
six-bedroom villas, 38 three- and four-bedroom fractional-ownership residences,
and a 12,000-square-foot estate home.
Amenities: Access to
the 66-room Capella Resort and Spa, four restaurants, a gym, and the Capella
Yacht Club.
Timeline: Broke ground in late 2006; build-out is expected
in mid-2008. The Capella Resort and Spa is slated to open in late
2008.
Pricing: Villas from $3 million to $6.2 million; one-eighth-share fractional
residences from $475,000 to $540,000; the estate home is about $9
million.
866.956.7222, +52.624.172.0374, www.capellacabo.com
•2 Chileno Bay Club
Location: Along the
corridor on a 1,200-acre bluff overlooking tide pools and 2.5 miles of
coastline.
Residences: The first phase includes 61 homes and lots; the
next phase of building is in its initial planning stages.
Amenities: Two 18-hole Tom
Fazio–designed golf courses, a private marina with a fleet of cruising and
fishing yachts, one of the few swimmable beaches in Los Cabos, biking and golf
cart trails, and several beach clubs.
Timeline:
Construction began in early 2007;
phase one is scheduled for completion in late 2008.
Pricing: From $2 million to
more than $10 million.
866.937 8756, www.discoverylandco.com,
www.chilenobayclub.com
3 El Dorado Golf & Beach Club
Location: On the
corridor, overlooking the Sea of Cortés.
Residences:
66 homesites, 92 two- to six-bedroom
bungalow-style oceanfront and ocean-view villas, and 36 ocean-view casitas with
shared courtyards and separate entrances.
Amenities:
18-hole Jack Nicklaus Signature
course, spa, beach club, and organized activities, such as marlin fishing trips
and desert buggy racing.
Timeline: Ground broke in 2004; golf course reopened in
2006; pool, spa, and restaurant opened in 2007.
Pricing:
Homesites from $4 million to $13
million; a club membership is $125,000.
866.937.8756,
www.eldoradogolfandbeachclub.com, www.discoverylandco.com
•4 Esperanza
Location: Four miles
east of Cabo San Lucas, with views of El Arco.
Residences: 63 two-,
three-, and four-bedroom villas, available for whole or fractional
ownership.
Amenities: Access to a
secluded beach cove, dramatic seaside dining, daily yoga or Pilates classes, a
garden spa, a cigar lounge, a tequila bar, and swimming pools.
Timeline: Resort opened
in 2002; residences completed in 2006.
Pricing: Whole-ownership villas from $5.27 million; one-eighth fractional shares
from $370,000 to $695,000; one-sixth shares from 1.5 million.
866.311.2226, www.esperanzaresort.com
