The Dos Mares Tunnel is nearly 1,000 feet long, carved through solid granite at the base of Pedregal Mountain —
the only way in, and the only way out. When the Waldorf Astoria made this tunnel the threshold of its guest
experience, it confirmed what Pedregal’s residents have known since 1974: this community was designed to feel like
a world apart.
Founded by developer Don Manuel, Pedregal spans more than 300 acres of cliff and hillside where the Pacific meets
the Sea of Cortez. It was Cabo San Lucas’s first true luxury gated enclave — built before the Corridor existed. Fifty
years later, it remains the benchmark, not because it makes the loudest promises, but because it has kept them.
What sets Pedregal apart is a combination no other Los Cabos enclave replicates: hillside privacy, panoramic Pacific
and marina views, and the ability to be at a marina restaurant or boarding a sportfishing charter in under ten minutes.
Corridor communities ask you to choose between privacy and access. Pedregal doesn’t.
This guide covers what buyers actually need to know: the sub-communities, the current market, the Waldorf
Astoria’s role in residential values, and an honest answer to whether Pedregal is the right fit.

What Is Pedregal — and Why Does Every Buyer Ask About It?
Known informally as the Beverly Hills of Cabo, Pedregal sits directly above downtown Cabo San Lucas — close
enough for unobstructed marina and El Arco views, far enough behind guarded gates for genuine quiet. No
developer can build another Pedregal; there is no equivalent site.
The community also has something rare in BCS real estate: a 50-year track record through multiple economic cycles
and currency volatility. Buyers who want evidence rather than projections tend to find that persuasive.

From Empty Cliffs to Cabo’s First Luxury Enclave

Don Manuel’s Vision, 1974

When Don Manuel established Pedregal in 1974, Cabo San Lucas was still a small fishing village with no
international airport and no Corridor. The master plan was deliberate: cobblestone streets that follow the natural
topography, architectural guidelines that preserve sight lines and rock formations, and controlled gate access. As Los
Cabos grew into a premier luxury destination, Pedregal absorbed that growth without being changed by it.

The Waldorf Astoria and the Dos Mares Tunnel

The arrival of the Waldorf Astoria Los Cabos Pedregal marked the most significant chapter in the community’s
modern history. The resort sits on 24 acres of cliffside and beachfront, reached only through the Dos Mares Tunnel
— nearly 1,000 feet of passageway lined with iron chandeliers, the only private resort tunnel in Mexico.
The Waldorf operates 113 rooms, suites, and villas with private plunge pools and ocean views, four restaurants
including cliffside El Farallon, and a 12,000-square-foot spa rated among Mexico’s best by Travel + Leisure readers.
For homeowners nearby, the Waldorf creates an anchor effect: a globally recognized brand that supports residential
values across the enclave and shortens the path from consideration to offer for buyers who already know the brand.

Inside Pedregal: Sub-Communities and Residential Enclaves

The Three Residential Sub-Communities
La Marina is the largest sub-community and closest to the harbor, with about 200 lots capturing marina, Sea of
Cortez, and city-light views. It’s the most accessible entry point into Pedregal pricing.
Valle de la Luna Azul sits higher on the hillside, oriented toward ocean and mountain views. The elevation brings
quiet and green space that suits families, at the cost of a slightly longer drive downtown.
Villa la Ballena is Pedregal’s most exclusive enclave — about 18 luxury villas, nothing more. Inventory rarely
comes to market, and when it does, buyers who have been watching move fast.

Condominium Complexes

Pedregal One offers contemporary apartments near the private beach access. Las Cascadas del Pedregal is a terraced,
multi-pool development with a strong vacation-rental track record. Portofino faces both the marina and open sea.
Monteluna Residences and Mistiq Pedregal are newer luxury projects with turnkey finishes and strong rental
histories that attract remote workers and seasonal residents.

What Life Actually Looks Like Inside the Gates

Residents across all sub-communities share access to: a private Pacific beach (strong currents make swimming
inadvisable, but it’s ideal for walks and yoga); the Pedregal Tennis Center with tennis, pickleball, gym, and yoga
studio; El Camino, a bilingual school inside the gates; a weekly organic market; a private desalination plant with
250,000 gallons of water storage, independent of the municipal grid; and, depending on the property, signing
privileges at the Waldorf’s restaurants, spa, and Beach Club.

Pedregal Real Estate in 2026: Prices, Product, and Who Is Buying

What the Active Market Shows

As of May 2026, Pedregal’s market spans roughly $500,000 for entry-level condos to over $12 million for luxury
estates, with an average listing price near $2.6 million. The gap between Pedregal and inland Cabo San Lucas can
reach 30 times in price per square meter.

New construction commands roughly a 12% premium over comparable existing inventory. Buyers open to resale —
particularly in Las Cascadas and La Marina — can access the same address at a meaningful discount to new builds.

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HOA Fees: What to Know

HOA fees vary by property type and lot size and are billed annually rather than monthly — Pedregal calculates them
individually, so confirm the specific amount for any property you’re considering. As a general orientation, smaller
condos carry fees consistent with comparable BCS luxury developments, while large hillside villas carry higher
annual assessments.

Who Is Buying — and Why

The typical Pedregal buyer is 45–65, arriving from California, Texas, Arizona, or the Pacific Northwest, with a
growing share of UHNW buyers from Mexico City, Monterrey, and Guadalajara, plus Canadians from BC and
Ontario.
Two profiles dominate: the marina lifestyle buyer who wants a boat and quick access to sportfishing and dining, and
the Waldorf traveler who has stayed at the resort and wants ownership within the same ecosystem. Full-time
residents are a growing minority, helped by the bilingual school, water independence, and nearby Costco, La Comer,
and Walmart.

Is Pedregal Right for You?

Buy in Pedregal if the marina is central to how you’ll use a property — no other BCS enclave puts you this close to
the harbor while keeping gates, guards, and panoramic views.
Buy in Pedregal if you want a track record, not a projection — 50 years of value held through the 1990s peso crises,
the 2008 financial crisis, and pandemic shutdowns.
Buy in Pedregal if the Waldorf Astoria brand matters to you as an owner, creating lifestyle continuity with other
Waldorf properties.
Look elsewhere if daily ocean swimming is non-negotiable — Pedregal’s Pacific beach is private but not
swimmable; consider Palmilla’s Blue Flag cove or calmer waters near San José del Cabo.
Look elsewhere if golf organizes your lifestyle — Pedregal has no course; Palmilla, Querencia, Diamante, and Cabo
del Sol do.
Look elsewhere if you’re buying primarily for near-term appreciation — communities with active development
pipelines, particularly Puerto Los Cabos, may offer more upside; Pedregal’s thesis is capital preservation and durable
rental income.

Frequently Asked Questions

How much does a home in Pedregal Cabo San Lucas cost in 2026?
Active listings as of May 2026 range from about $500,000 for entry condominiums to over $12 million for
luxury hillside estates, averaging around $2.6 million. New construction commands roughly a 12% premium over
resale stock.
Can foreigners buy property in Pedregal, Mexico?
Yes. Foreign buyers acquire Pedregal real estate through a fideicomiso, a renewable 50-year bank trust conferring
full beneficial ownership rights — to use, rent, improve, sell, or pass to heirs. Ronival coordinates the trust setup
with licensed notarios and banks in Los Cabos.
Is Pedregal safe for full-time residents and families?
Pedregal is one of BCS’s most security-forward residential environments, with guarded gates, electronic access
control, and patrols. A bilingual school operates within the community, and Cabo San Lucas’s clinics, supermarkets,
and Costco are a short drive outside the gates.
What is the best luxury community in Los Cabos for marina access and privacy?
Pedregal is the only gated luxury community in BCS within 5–10 minutes of the Cabo San Lucas Marina that
still offers hillside privacy and 24/7 security. Corridor communities like Palmilla, Querencia, and Puerto Los Cabos
sit 20–45 minutes from the marina and suit buyers focused on golf or calmer beach swimming.
What are the HOA fees in Pedregal?
Fees are assessed annually and vary by property type and lot size; there is no fixed rate schedule. Ronival agents
confirm the specific HOA amount for any property before an offer is made.

The Bottom Line

Pedregal was built before Cabo was Cabo — cobblestone streets that predate the tourist infrastructure around them,
cliffs chosen before anyone knew how valuable Pacific views would become, a master plan that held its shape while
the city changed completely.
The buyers who come to Pedregal and stay are the ones who understood they weren’t buying a bet — they were
buying a position: the most durable luxury address in Cabo San Lucas, a marina five minutes away, a Waldorf
Astoria on property, and 50 years of evidence.
Whether you’re considering a condominium in Las Cascadas or an estate in Villa la Ballena, the process is the same:
get specific about how you’ll use the property, and let that drive the sub-community selection. Ronival’s team knows
every enclave here.

Los Cabos Pedregal

Whether you’re looking for a full-time residence, a vacation retreat, or an investment property in Pedregal, Ronival’s
agents live and work throughout Baja California Sur. Browse available properties at
findmexicohouses.com/results-gallery/ or speak with a local expert at findmexicohouses.com/contactus/.

Written by Nick Fong on July 28, 2026. Posted in About the Market