In this latest video by Nick Fong, the founder and broker of Ronival Real Estate, he’s ready to share some great information about El Pedregal. This is where you find the most luxurious homes for sale in Cabo. And, this is the place where luxury meets the Pacific Ocean in Baja California Sur.
El Pedregal is located in downtown Cabo San Lucas – the southern tip of Baja California. When built, it was the first gated community of its kind in all of Cabo dating back to the 1970s. Hosting and being owned by the Rich and Famous, Pedregal has and will continue to be a cornerstone to tourism and our real estate market in Los Cabos. Now, continue reading to uncover more…
Latest Pedregal 12-month market report
Quickly approaching High Season in the Baja, Nick Fong is ready to give you an idea of what has been happening in Pedregal over the last 12 months. At the time of this filming, in October 2021, the micro-market of Pedregal has been nothing less than stellar. For example, there are only 21 homes for sale now with 33 homes that have sold in the last 12 months. This puts us at right around 8 months of inventory which by comparison Pedregal has historically always had 2-3 years of housing inventory.
Condos are no exception with just 19 units on the market and 55 units that are pending or closed in the last 12 months which means we only have a slim 4 months of condo inventory. Even lots that typically took years to sell are flying off the shelf. There have been 30 sales in the last 12 months and 47 lots currently on the market.
Having a low inventory, Nick wants to reveal a few properties that are still available. As such, let’s start with Casa Vista Alegria…
Discover Casa Vista Alegria
Having a name that means “house with a view that brings joy,” Casa Vista Alegría really does deliver. This cliffside, oceanfront home estate is something really special. To begin, the land alone is worth over $2 million dollars. As it sits right now it has four bedoomss, four-and-a-half bathrooms, two offices, a saltwater pool with swimming jets, jacuzzi hot tub, outdoor shower, and hurricane protection throughout the house.
Also, you’ll find low e glass on every window and glass door, 40 solar panels netting a nearly zero cost electricity bill, an oversized two car garage. Then, there’s the home layout that is fit for the extremely private. The renderings shown in the video are perfect for those that want to remodel and have a ton of built-in equity.
Casa Esperanza of El Pedregal
Moving on to the next beautiful Cabo home, Casa Esperanza is a vacation rental owner’s dream-come-true. It boasts seven en-suite bedrooms with spectacular Pacific Ocean and beach views. On top of that, there’s a book of business that will satisfy even the most discerning investor.
Imaging this…
Book 20 plus days per month bringing in a multiple six-figure income every single year. All this, while using the home personally around 10 days every month. And when you consider this home has easy walking access to the beach of Pedregal, Casa Esperanza really has it all!
Villa Alta Vista – where this video was filmed
Finally, there’s Villa Alta Vista of El Pedregal. This is where Nick Fong filmed this video! This location sits even higher than any other home in Pedregal. And, it has views of the marina and the Pacific. With five bedrooms and six-and-a-half bathrooms, a private pool, being fully furnished, having 38 solar panels, Villa Alta Vista is ready for its new owner.
All three of these homes are $4M USD or less. But if you are looking for something a little smaller and more gentle on the budget, there is one condo remaining in a new condo project called Montemar. It is listed for just under $400k and it is a two bedroom, two bathroom, fully furnished turnkey condo. Also, it’s in a small 26 condo project, so it’s fairly private. And with views to the marina and walkable to everything Cabo has to offer (Nightlife, Restaurants, Marina, and Entertainment) and covered garage parking this is great starter property within El Pedregal.
Baja California Sur real estate
Many Americans, Canadians, and people from other countries choose to make Los Cabos and other magical towns in Baja California Sur, Mexico, their home or vacation home. Discover how to purchase your dream home in Baja. Make an appointment with the top Real Estate Broker in Baja: Nick Fong, featured on HGTV’s Beachfront Bargain Hunt.
Since 2010, Ronival has been helping clients find the best homes in Cabo and throughout Baja California Sur. And, they’re highly-skilled negotiators that’ll get you the best price. Whether you plan to buy a property or quickly sell your Baja real estate, they’ve got you covered!
If you’d like to take a tour of a property in Cabo or anywhere else in Baja California Sur, just click CONTACT to inquire. Or, call directly at 619-831-2000. Ronival will be happy to answer your questions. You can also schedule a time to show you around this breathtaking location.
Ronival on YouTube
See Nick Fong in action on his Ronival YouTube Channel. Find his videos on the Rovival VLOG, where you can read a short, yet in-depth post. Below is an example of one of Nick Fong’s Ronival videos:
Thank you for reading El Pedregal Market Report: See what’s been happening in Pedregal in 12 months. Be sure to read other posts about Cabo and Baja California Sur on the Ronival blog. There, learn about the many wonderful aspects of Baja California Sur, Mexico, from blog posts like this.