Judy Fabiani-Lujan Cabo San Lucas Real Estate

Living here in Cabo going on seven years, let me tell you that I have seen many great changes.  When we first moved in 2001, there was no major grocery store to shop at.  There were lots of little grocery stores that had little to offer.  We had to made semi-annual trips back to the states for supplies, yes those were the days.  I recall my first Thanksgiving here in 2002. I shopped at least 15 stores looking for ingredients to make this special dinner….lots of substitutes were used that year. We were going to make pumpkin  pie, but the two cans of pumpkin we bought were black and rotten inside and the whipped cream we bought was sour…..so no pumpkin pie that year!

Then one year we had two major grocery store chains open and Costco all within three months of each other.  That was the beginning of my seeing the growth of Cabo.  We now have many great places to shop, such as the Super Wal-Mart, Sam’s Club, CityClub, Home Depot, Office Depot, Office Max, Blockbusters, Mega, Leys and many more.  In fact we are finally getting our very own Starbucks at last.  It is incredible.    I no longer have to burden friends and family to over pack their luggage on their visit here with extras for me. 

There are many great restaurants/bars along the Cabo Marina as is the three-story Mall, Puerto Paraiso.  It has taken many years to fill up the mall and it is almost full.  However, there are many great stores to shop at and new ones opening all the time.  You can find a movie theater at the mall plus the new Caliente gamble hall with many video slot machines, horse racing and sports betting.   There is also a video game hall with lots of games for children and adults alike which offers bowling lanes, pool tables, video games, Amusement park style games, bumper cars, rides for the smallest tikes and much more.

Overnight it seems that our housing boom hit.  Every turn you make there is a new development breaking ground, making affordable housing a reality for foreign buyers.   We have witnessed many folks mostly from the states purchase their vacation or retirement homes.  Those who make it to Cabo seem to fall immediately in love with it and don’t want to leave.  The warm weather, beaches and endless views plus the close proximity to the states make this place a must have.  Many of my clients have become great friends and that is the best part of my job.

Yes, there have been many great changes over the last few years but for us who live here, it is great!

We have all heard the horror stories of the economy back in the United States and how the real estate market is suffering.   The affects are felt here in Los Cabos to a degree.  The lower end properties (under a million dollar range) have slowed down while the high end properties (a million dollars and up) keep selling like hot cakes.  This only proves that those fortunate people (the very rich) spend despite hard times as they are only slightly affected by the downward market trends in the States.    Most of these folks have been planning for years to purchase their second or vacation/retirement homes, therefore have the disposable income set aside for their purchases.

Los Cabos has experienced an urban development boom.   Everywhere you turn there are new developments.   Between March 2007 and March 2008, $1.2 billion dollars were spent on new developments.  These new developments include homes and hotels/resorts.  An astonishing 1,180 construction licenses were granted, of those 655 went to home builders, 68 to developments and 21 to hotels/resorts plus 28 went to urbanization projects.   Interestingly, 60% of those building permits were for developments/project in San Jose del Cabo and 40% to Cabo.   

Sea of Cortez, Pacifica Ocean&Arch Views

• 7,760 sq. ft. lot / land - MLS® $165,000 USD

Cresta del Mar, Cabo Bello  -  Great lot in desirable gated communitiy of Cresta del Mar. This lot comes with house plans! Great views to the Sea of Cortez, Pacific Ocean and to the Arch. Lot is almost flat so very easy to build upon. Low HOA dues (for lot only $140 per month or with home $240 per month.)

Creata del Mar is located close to all: Home Depot, Costco, Sams Club, Walmart all within 2 miles of property. Beaches close by as well.

Property information

•  single story - MLS®

Cresta del Mar, Cabo Bello  -  A brilliant architect created this three bedroom Grand Villa style hone taking advantage of views to the Sea of Cortez, the world famous Arch and to the Pacific Ocean. Jacuzzi cascades into the infinity pool. Oversize terrace off the second floor Master Bedroom with private entry for easy access to pool and Jacuzzi area. Top of the line Viking kitchen appliances with Granite counter tops,wet bar on Island, Marble and travertine, used though out, built in entertainment center , Pocket doors fold away allowing you to take in the ocean views, Cathedral ceilings accented with dark wood beams to match cabinetry décor. Dark wood built in cabinetry in all closets and storage cabinets, entertainment center and kitchen. Two car garage with high ceilings and storage area.

Property information