Inside Pacaso’s New Luxury Vacation Villas in Los Cabos – Robb Report
It’s been barely two years since its debut and already Pacaso, the luxury real estate condominium platform, has established itself in major vacation home markets in the US and Europe. Pacaso is now making its debut in Mexico, launching a handful of high-profile villas in the celebrity-favorite destination of Los Cabos on Wednesday. The move marks the company’s third international location, following Pacaso’s arrival in London and Marbella, located along Spain’s legendary Costa del Sol.
Given its easy access from Southern California and the Pacific Northwest as well as its well-documented popularity with high-profile types – see: Clooney, Winfrey and, of course, myriad Kardashians – the beginnings from Pacaso to Los Cabos make sense. “Despite a steady development in luxury over the years, Cabo struggles with available inventory due to constant demand,” said Pacaso CEO and co-founder Austin Allison. Robb Report. “We suspect that many buyers from the United States and Canada who have been waiting for real estate in Cabo for a long time will be excited about our low-barrier-to-entry model now coming to Mexico.”
Pacaso’s kicks off in Los Cabos with a handful of premier local properties whose location and design embody the ease and elegance of the Southern Baja California lifestyle. Both homes exemplify Pacaso’s pricing and ownership model, which allows buyers to buy between one-eighth and one-half shares in specific properties that Pacaso fully maintains and manages for owners. Buyers can also easily resell homes through local Pacaso brokers.
Two of Pacaso’s Los Cabos houses are particularly noteworthy. The first one, Casa Cortez, is priced at $475,000 for an eighth property (or about $2.9 million for the entire property) and features four bedrooms and four and a half bathrooms spread over nearly 5,000 square feet. As its name suggests, the contemporary designed home directly faces the Sea of Cortez, with its distinctive deep azure-colored waves. Located in the municipality of Puerto Los Cabos– a planned 2,000 acre development located directly on the Pacific – owners have access to a golf course, marina, hotels and botanical gardens just 20 minutes from Los Cabos International Airport.
The house is both low-volume and entirely eye-catching. The first encounter is via a series of angular stone arches that lead to a dramatic reflection pool in the foyer, followed by a vast open-plan living room and kitchen. Travertine marble inlaid floors create a cool and soothing vibe, as does the beachfront pool, spa, and rooftop terrace, complete with fire pit. Each bedroom is equipped with a private bathroom and opens directly onto a spacious patio. Completed just before the pandemic, the property sits on three-quarters of an acre and features ocean views from nearly every corner. Pacaso buyers are also members of Club Fundadores de Puerto Los Cabos.
The second highlight of Pacaso Los Cabos takes place in the exclusive community of Palmilla, with five bedrooms and five and a half bathrooms spread over 5,000 square feet. Surprisingly contemporary in design, the single-story home costs from $678,000 for an one-eighth ownership share (or $4.1 million for the house) and is perched on a hillside in the quiet community of 1,000 acres of Caleta Loma, which is part of the larger (and legendary) resort town of Palmilla. Topped with Mediterranean-style terracotta tiles, the villa boasts floor-to-ceiling sea views, an infinity pool, sunken spa area, fire pit and outdoor barbecue area. All five bedrooms have en-suite bathrooms, including a trio with panoramic views of Palmilla Point. There is direct beach access as well as free membership to the Palmilla Dunes Family Club. This is a brand new home and Pacaso buyers will be the first to experience it.
Despite clear demand in Los Cabos, Pacaso is slowly and intentionally getting into the area, and says he plans to acquire more homes in Cabo and potentially other parts of Mexico depending on buyer demand. This demand will certainly increase as the Los Cabos market becomes familiar with the simplicity and efficiency of Pacaso’s business model. “We make property in Los Cabos easy and turnkey,” says Allison. “Our buyers have the peace of mind that Pacaso will take care of their home when they are away.”
Check out more photos of the properties below: