Brand New, Single Level, Luxury Residence with Ocean View
Looking for 2 investors/partners as equal equity partners (33%) in a brand new build located in Palmilla Estates, Los Cabos.
4 Bed, 5 Bath, Oversized 2 Car Garage
4,000 Sq Ft (under air)
About Palmilla
The Palmilla development is the most established development along the Cabo Corridor and considered the “Crown Jewel” of Los Cabos. Home to the prestigious “One and Only” hotel, Palmilla is centrally located, 10 minutes to downtown San Jose, 15 minutes to Puerto Los Cabos marina, and 20 minutes to downtown San Lucas.
Palmilla Estates is a gated sub-community within the Palmilla development and is situated immediately inland from the main highway. The property sits on the tee-box of the 8th hole of the Palmilla golf course, with ocean views. It’s a 2-minute golf cart ride to the Shoppes at Palmilla – Boasting top class restaurants, a Coffee shop/Cafe, a Beauty salon an Organic grocery store, among others. From there it’s an additional 2-minute golf cart drive to Palmilla Cove, one of the only swimmable beaches in Los Cabos, and surrounded by ultra-expensive homes in excess of US$20M.
Recently, plans were approved by the HOA to invest US$150M dollars on the construction of a brand new clubhouse, a private beach club, and significant course improvements. This will only serve to further the exclusivity of the community and enhance its worldwide appeal. Home values in this community continue to increase significantly, as more people from the US and Canada discover Los Cabos, not only as a vacation destination, but as a place to live year-round.
Property Details
Sq Ft: 4000
Bedrooms: 4
Bathrooms: 5
Garage: 2 Car (Oversized)
Living Room
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Tray ceiling featuring native hardwood paneling
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Marble tile flooring throughout
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Open plan with adjoining kitchen and formal dining room
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Fully retractable sliding doors to outside living area
Outdoor Living Space
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Southwest facing backyard
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Patio bar with TV and bar stool seating
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Huge garden seating area with fire feature
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Fully retractable sliding doors from main living room
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Direct access from both master bedrooms
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Pool with shallow lounge area
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Spa with seating for 8
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BBQ area with refrigerator and sink
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Bathroom
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Outdoor shower
Investors / Partners
Seeking 2 equal equity partners (33%), in a brand-new build, located in Palmilla Estates, Los Cabos.
• Each partner would have 4 months per year of total access to the property - To use as a vacation home, and/or rent out that portion of their time they do not use.
• An LLC is already in place and currently holds title on the property.
• All plans have been approved by the HOA. Builder has been selected and is ready to break ground.
• Estimated appraised value of $3.5M, upon completion, based on current market conditions – Each partner would benefit from immediate equity.
• Owners time allotments would be managed on a rotating basis, to ensure fair and equitable access to all major holidays.
• Principal Partner (Self) will consider carrying note at 8% interest, with 30% down, and amortized over 5 years.
• Financial breakdowns, showing partners equity position, and potential rental income, are available upon request.