DEVELOPMENT INFORMATION
We are proud to present this amazing development land in the Club Capestre Golf/Beach Community in San Jose Del Cabo. The site measures just under 5 acres and has a capacity to hold 42 private villas.
Club Campestre is a gated community centrally located on over 550 acres and is laid out over the rolling foothills of the Sierra de la Laguna Mountains with sweeping vistas of the azure Sea of Cortes. Club Campestre is located just 10 minutes from the Los Cabos International Airport and 15 minutes from Cabo San Lucas. Club Campestre is one of the newer master-planned communities, which lies where the toll road to the airport intersects Route 1 at the west end of San José del Cabo. Club Campestre features an expansive 32,000 ft2 beach club, an 18-hole Jack Nicklaus designed golf course, a plethora of swimming pools, community centers and tennis courts.
Shopping is nearby in the town of San Jose with more planned within the community itself. A variety of subdivisions exist within the gated community of Club Campestre, including; Las Villas de Mexico, Privada del Lago, Los Valles, La Canada, La Cima, Vista Hermosa, Vista Lagos, Montecitos, and Hacienda Campestre. Currently within these subdivisions, a potential buyer predominantly has only the option to purchase an available lot, then complete the build-out themselves. Grupo Questro was the construction firm in charge of designing and developing the Club Campestre master planned community, golf course and beach club.
Sanchez Navarro, CEO of Grupo Questro, stated this in an interview with Golf Week in March of 2012, “Campestre is a project that we did thinking not of high prices. We were thinking of people who live in Los Cabos – Americans, Canadians, Mexicans. You have the golf course, the beach club, the prices are very accessible, the location is great near San Jose and on the highway to Cabo San Lucas. We have finished product there that goes from about $240,000 up to $1 million. It’s for people who would spend a lot of time in Los Cabos. We’re seeing right now more Canadians and Americans buying there. It’s a great way to go into Los Cabos, with something that’s not very expensive. And by being a member of Questro, you have access to the other courses at discounted prices.”
The land has a total surface area of 212,673.34 ft2 (4.88 acres).
The selling price of the land is $6,500,000 ($30.56/ft2).
The area has a maximum build-out space of 127,294 ft2 for living areas plus terraces.
The land already has services of electricity, water and drainage at the foot of the lots, which are provided by Club Campestre.
The location of the property for sale is the closest to the Sea of Cortez within the Club Campestre master planned community.
According to general contractor firms in the Cabo San Lucas area, the average cost to build multi-unit residences as seen on the previous page, ranges between $85-$100 per ft2.
If underground parking is implemented in the design, then there will no need to build roads into the proposed site. Sidewalks and amenities such as pools, ponds and green areas should be built to facilitate the residents of the property.
Based on Grupo Questro’s development proposal, they believe construction costs should amount to approximately $11,500,000 – $12,500,000 to complete the full build-out of the proposed project.
Based on the International Community Foundation’s recent study of U.S. retiree preferences and perceptions, the following are key recommendations and considerations for existing and future real estate developments in Mexican coastal communities:
1. Promote land use policies that allow retirees to “age in place.” Most Mexican retirement communities, like others in the United States, do not have land use policies that consider the changing lifestyle needs of aging adults. Current deficiencies include:
a. Lack of home design features that serve residents across life spans.
b. Dominance of automobiles as the primary transportation source.
c. Lack of community support for land use policies that encourage safe places to walk.
i. Unsafe sidewalks increase the likelihood of trips and falls.
ii. Walking is neither encouraged or facilitated.
d. Rigid separation between residential, commercial and recreational uses in a community.
e. Inadequate road design impedes mobility.
i. There is little connectivity between different modes of transportation.
2. Health care considerations must also be factored into the design of future retirement communities targeted to U.S. and Canadian retirees with an emphasis on providing the ability to “age in place.”
3. Environmental considerations matter to new U.S. home buyers, in the “green boomer” population of over 40 million. The majority of retirees surveyed did not have the option of considering environmentally-friendly designs when purchasing their retirement home in Mexico, nor do they have the option to recycle. These services and options will improve future real estate developments, and will protect Mexico’s natural capital at the same time.
CABO SAN LUCAS VILLAS – VILLA SEARCH
4. In coastal areas, view corridors and beach access also matter. Re-think the emphasis of real estate development projects with golf courses as a key amenity, (although golf is the key amenity of this development). Devote equal attention to bird watching areas, jogging and nature trails, and those activities that will appeal to the emerging demographic of “green” baby boomers.
5. Take advantage of “green mortgages,” renewable energy incentives, and water/energy conservation programs. They already exist in Mexico, but are not widely known in the construction sector, and yet, consumers have indicated that they will pay more for these “must haves” in their homes.
