Overview

Todos Santos offers a unique contrast to the bustling resort scene of Cabo San Lucas. This historic town attracts tourists seeking a quieter, more authentic Baja California Sur experience. Real estate options range from homes to condominiums, and land parcels. It is located approximately one hour’s drive from Cabo San Lucas. The town’s popularity as a tourist destination contributes to its real estate market, but it maintains a less crowded and populated atmosphere compared to Cabo San Lucas. Listings are displayed courtesy of the IDX program of MLS BCS. Information is considered reliable but not guaranteed.

Lifestyle and Setting

The lifestyle in Todos Santos revolves around art, culture, and a relaxed pace. It’s a place where artists and creatives often find inspiration. The setting is characterized by a blend of desert landscapes and proximity to the Pacific Ocean. While not directly on a major swimmable beach, Todos Santos is near several coastal areas. The town’s charm lies in its historic architecture, local shops, and a strong sense of community. The quieter environment provides a respite from the more energetic atmosphere found in Cabo San Lucas.

Homes and Condominiums

The real estate market in Todos Santos includes a variety of properties. These range from beachfront homes and condos to homes with ocean views and land parcels. Examples of listed properties include a villa in Rio Baises priced at $779,000, a property in Casa Yemayá listed at $2,600,000, and an ocean view home in Flora del Mar offered for $1,295,000. Land is also available, with parcels ranging in price from $58,000 to $62,000,000. The availability of these properties changes frequently, and buyers should verify current listings.

What Buyers Should Evaluate

Before investing in Todos Santos real estate, careful evaluation is essential. Financing options for foreign buyers can be limited. While some developers may offer financing during pre-sale phases, it typically covers only a portion of the purchase price (often around half) and for a limited time (five to ten years). Third-party lenders may provide longer-term financing, but interest rates are generally higher than those in the United States.

Consider these due diligence questions:

* **Financing:** What are the available financing options, and what are the associated interest rates and terms? Can you comfortably afford the payments, including potential fluctuations in exchange rates?
* **Property Taxes:** What are the current property tax rates, and how might they change in the future?
* **HOA Fees:** If applicable, what are the Homeowners Association (HOA) fees, and what do they cover? Review the HOA’s rules and regulations to ensure they align with your lifestyle.
* **Resale Value:** What is the historical appreciation rate for properties in the area? While past performance is not indicative of future results, it can provide some insight into potential resale value.
* **Rental Potential:** If you plan to rent out the property, what is the average rental income for comparable properties? Research local rental regulations and licensing requirements.
* **Construction Quality:** If purchasing a newer property, thoroughly inspect the construction quality. Consider hiring an independent inspector to identify any potential issues.
* **Legal Title:** Verify the legal title and ensure there are no outstanding liens or encumbrances on the property.
* **Insurance:** What types of insurance are available, and what are the associated costs?

Trade-offs to consider include the potential for higher interest rates on financing, the limited availability of financing, and the distance from some of the more popular beaches near Cabo San Lucas.

Ownership and Transaction Planning

Foreign buyers can purchase real estate in Mexico, but it’s crucial to understand the legal framework. It is advisable to work with experienced legal and real estate professionals familiar with Mexican property law. The process involves several steps, including obtaining a Mexican tax identification number and registering the property with the Public Registry of Property. Understanding the nuances of Mexican law is vital for a smooth and secure transaction. Always seek independent legal advice.

How to Begin

Begin your search by exploring available listings through MLS BCS. Contacting a local real estate professional can provide valuable insights into the market and assist with the buying process. Patrick Neal and the Own In Cabo team can help buyers compare Los Cabos communities and plan next steps. The Cabo San Lucas office is one block from Medano Beach.

Disclaimer: Availability, fees, rules, taxes, financing, and legal details are subject to change. Buyers should independently verify all information with qualified local professionals before making any decisions.