The 42 acre ocean front resort site is one of the few sites on the Pacific Coast that has sweeping views of the Pacific Ocean and Todos Santos coastline. The property has over a 1/4 mile of ocean front beach. It is located 18 miles north of Cabo San Lucas, 18 miles south from Todos Santos and highway 19 runs through the property. It also has quick access to the new toll road to Cabo San Lucas Airport. The site is without construction at present but master plans have been developed to include 9 ocean fron villas, 44 ocean view homes, an eight-story hotel, 7 equestrian estates, gas station and restaurant and much more. The new owner may develop the property with their own vision and expertise. The present owner has owned the land for 40+ years and has clear title to the land and free and clear of any liens. He also has water rights and permits. The property is an excellent opportunity to purchase and develop high end luxury homes and condos. The owner has a projection of economics to allow purchase and development. The purchase price is $12,950,000.
Owner is looking to preferably sell outright or co-develop the property with the right investment development group. The land is fee and clear of any liens and has water rights and permits.
Land sale project $12,950,000
As a JV lot sale only project with all roads, infrastructure, entry, utilities, etc.:
Buy/JV land, roads, walls, utilities, landscape, solar PV, entry, grading $32,017,000
Sell all lots, hotel site, stables, solar PV, pay 8% brokerage fee $65,322,000
Estimated total horizontal land sales program, finished lots – PROFIT $33,305,000
As a JV full build out with sale of finished product only
Buy/JV land build infrastructure, hotel and only finished houses $92,344,000
Build and sell only finished houses and hotel, retail, solar at 7 CAP $276,106,000
Build and sell only finished homes, no lots, sell hotel – 7 CAP - PROFIT $183,762,000
For more information on this property call: Greg Gilbert, MSA, Broker, (OR Lic, #201228662), 2594 E. Barnett Rd., Medford, OR 97504, 541-771-0556 cell, firstname.lastname@example.org.