A Bittersweet Goodbye to Cabo

Springtime in Cabo is one of my favorite times of year. The ocean gets warmer and the days longer. I love the naked beauty of the desert, the glittering ocean, and the magnificent mountains speckled with brittlebush, and purple lupines.

This is also the time of year when I say goodbye to it all and pack my bags for Europe, to begin a new season of scouting and discovery…

I’ll be stopping in the Dominican Republic for my first real estate scouting trip there in seven years. And I can’t wait to get back to my base on Portugal’s Silver Coast. It’s a place I love to spend time, and I’ve been bowled over by the income my beachfront condo there has generated when I’m not using it.

But leaving Los Cabo and Baja behind is bittersweet. And no doubt when I return next winter, it will have transformed once again…

Since I started coming to Cabo in 2014, I’ve seen it grow each year. It’s already got a global reputation in golf, sports fishing, and as an all-round paradise. It’s also one of the world’s top luxury travel destinations. This year, at least five new major resorts are due to open, creating 3,000 jobs.

The Path of Progress I’ve been tracking here for a decade is exploding in all directions. A juggernaut of affluence is tearing through the region as droves of people come for vacation, long-term rentals… and real estate.

Once exclusive to the Hollywood set, Cabo is now attracting the megawealthy as well as the “ordinary rich”—corporate professionals, business owners, entrepreneurs. And I’m seeing remote workers arriving en masse. Freed from the office, folks are flooding to desirable places like Cabo… places you can easily access with good infrastructure, perfect weather, and lots of fun in the sun.

And I’m seeing the same trend everywhere across the southern Baja Peninsula.

When I first came here, the village of Pescadero barely featured on the maps. I stayed in a boutique hotel for $300 a night. Today that hotel is being transformed into a luxury resort with a base price of $1,500 a night.

Or take the East Cape. In 2016 it was considered a place for rugged adventurers, with little in the way of facilities—you were encouraged to bring your own water and sunscreen. Now you can spend the night at the Four Seasons. And there are multimillion-dollar mansions and luxury developments along the beachfront.

But prime real estate in Cabo and across the Baja has become increasingly scarce. With inflation, building costs, and demand surging, supply cannot keep up. That’s what has made the deals I bring to my Real Estate Trend Alert (RETA) group so powerful. We use our group buying power and connections to carve out incredible prices on best-in-class Cabo real estate in a market where it’s becoming incredibly rare.

In our recent deal at El Mirador, our RETA–only price was $258,600 for a spacious two-bedroom condo with fantastic ocean views and incredible planned amenities (similar condos nearby list from $370,000 up to $500,000). And with demand as it is, I expect gains of $155,160 just three years after delivery.

The big trends converging in Cabo have created the perfect set of circumstances for a red-hot rental market too, both short- and long-term. Once El Mirador is established, I conservatively estimate income of $40,500 a year, plus plenty of time for your personal use, too.

That’s why I bought two condos alongside fellow RETA members. I’m that bullish on Cabo’s future. Like I said, my springtime departure is bittersweet, but I’m already anticipating very sunny skies when I return come winter.