Cabo San Lucas Real Estate: The Ultimate 2024 Buyer’s Guide

Cabo isn’t just a vacation spot—it’s a goldmine for real estate investors. With stunning beaches, luxury resorts, and a booming market, buying property here is smarter than ever. But before you dive in, you need the real deal on prices, laws, and the best areas.

This isn’t some generic AI junk. I’ve been in the game 27 years, and I’ll give you the raw, unfiltered truth about owning property in Cabo. Let’s break it down.

Can Foreigners Buy Property in Cabo San Lucas?

Short answer? Hell yes. But there’s a catch.

Mexico has a “Restricted Zone” (62 miles from borders, 31 miles from coasts) where foreigners can’t directly own land. Solution? A fideicomiso (bank trust).

• How it works: A Mexican bank holds the title, but YOU control it.
• Cost: ~$500–$1,500/year in fees.
• Bonus: After 50 years, you can renew it indefinitely.

Pro Tip: Always use a local real estate attorney—don’t trust some random “expat advisor.”

How Much Does a House Cost in Cabo? (2024 Prices)

Cabo isn’t cheap, but it’s cheaper than Malibu. Here’s the breakdown:

Luxury Condos (Medano Beach)

• $500K–$2M+
• Oceanfront, walk to bars, Airbnb goldmine.

Villas (Pedregal)

• $1.5M–$10M+
• Private, gated, celeb territory.

Mid-Range Homes (Cabo Corrientes)

• $300K–$800K
• Quiet, great for retirees.

Bottom Line: You can still snag deals, but prices are climbing fast.

Cost of Living in Cabo: How Much Do You Really Need?

Want to live like a king? Here’s the monthly budget:

• Rent: $1,500–$4,000 (depends on location)
• Groceries: $400–$800 (fresh seafood is dirt cheap)
• Dining Out: $500–$1,500 (fancy dinners add up)
• Healthcare: $100–$300 (top-notch & affordable)

Comfortable Expat Life? $3K–$5K/month gets you the good life.

Best Neighborhoods in Cabo (Where the Rich Buy)

Not all areas are equal. Here’s the real ranking:

1. Pedregal – The Beverly Hills of Cabo
   • Gated mansions, insane views.
   • Buy if: Money’s no object.
2. Medano Beach – Party + Profit
   • Best for Airbnb rentals.
   • Buy if: You want income + fun.
3. Cabo del Sol – Golf Lovers’ Paradise
   • Jack Nicklaus-designed courses.
   • Buy if: You retire with a 9-iron in hand.
4. Pueblo Bonito – Quiet Luxury
   • Safe, family-friendly.
   • Buy if: You hate tourists.

FAQs 

1. Is Cabo a Good Place to Invest in Real Estate?

Yes. Prices are rising, tourism is booming, and luxury demand is insane.

2. What Are the Hidden Costs of Buying in Cabo?

• Closing costs: 5–7% of purchase price.
• Property tax: ~0.1–0.3% annually (cheap!).

3. Can I Get a Mortgage in Mexico as a Foreigner?

Some banks offer loans, but cash is king. Financing rates are higher than in the U.S.

4. Is Cabo Safe for Expats?

Safer than most U.S. cities. Stick to gated communities and you’re golden.

Final Word: Should You Buy in Cabo?

If you want sun, profit, and a killer lifestyle, Cabo real estate is a no-brainer. But don’t wing it—work with a local expert (like us).

Ready to find your dream property? Browse our latest listings or contact us today.