November 22, 2022Forbes

El Cielo Homesite at Maravilla sets record

The oceanfront property makes history as most expensive real estate in Los Cabos history.

Los Cabos—the region on Mexico’s Baja California Peninsula that encompasses Cabo San Lucas and San José del Cabo—is one of Mexico’s most sought-after vacation destinations and home to several luxury resorts and residential communities. Within the seaside region, Maravilla Los Cabos, which opened in 2015, is among one of the most exclusive residential communities in the area.

Maravilla offers turnkey properties along with blank homesites, including El Cielo, a private enclave of oceanfront homesites of various sizes. Among those, El Cielo 2 is the largest and most expensive homesite spanning 2.43 acres of oceanfront land and on the market for $90 million. In fact, it’s the most expensive single piece of real estate on private land in the history of Los Cabos and currently the most expensive in all of Mexico.

The site has 500 feet of ocean frontage overlooking the Sea of Cortez and next to Santa Maria Bay. This rare opportunity will allow future buyers to create a legacy family compound, as there’s 71,005 square feet of vertical construction area for multiple estates, hiking trails and any feature imaginable.