Every incredible thing you've heard about Los Cabos is true!
Perfect weather, endless beaches, championship oceanfront golf, the world's finest salt water sport fishing, exciting water and land sports, fine dining, eclectic shopping and sizzling nightlife–all in a safe secure environment with few crowds. And, our warm hospitality makes us one of the friendliest places on earth!
Los Cabos is one of the most desirable vacation destinations on earth. A place to escape your routine and indulge in a new way of living. Wake to sunrises so alive you'll actually stop to watch the day unfold before hitting the greens, the cruiser, the beach, shopping, or that hammock you've been wanting to try. In the evening, dine under a canopy of stars so bright they'll leave you breathless.
Yes it is entirely possible to purchase and own real estate in Mexico. Thousands of "foreigners" have purchased real estate in this incredible destination. At La Costa we avail you of all the information regarding ownership. One term you will hear quite frequently is fideicomiso (pronounced "feed-eh-co-mee-so") so we have included information on it for you to read.
Condos Starting at $163,000 USD. 1 or 2 bedroom & Penthouses available.
In addition to our quality of design and location the pricing at La Costa truly separates us from "the others".
Furniture Packages Available.
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Fideicomiso or Bank Trust
Any foreigner or Mexican National can constitute a Fideicomiso (the equivalent to an American beneficial trust) through a Mexican bank in order to purchase real estate anywhere in Mexico, including the Restricted Zone. To do so, the buyer requests a Mexican bank of his/her choice to act as a trustee on his/her behalf, The bank, as a matter of normal course, obtains the permit from the Ministry of Foreign Affairs to acquire the chosen property in trust.
The Fideicomiso can be established for a maximum term of 50 years and can be renewed in increments of 50 years. During these periods you have the right to transfer the title to any other party, including a member of your family. The bank holds the property "in Trust" for the exclusive use of the buyer/beneficiary who has all the benefits of a direct owner, including the possibility of leasing plus transferring his/her rights to the property to a third party or to a pre-appointed heir, rent, lease or sell at any time. The same as a Mexican National. The trustee is responsible to the buyer beneficiary to ensure precise fulfillment of the trust, according to Mexican Law, assuming full technical, legal and administrative supervision in order to protect the interests of the buyer/beneficiary. Fideicomisos are not held by the trustee as an asset of the bank. For practical purposes, even in unrestricted zones many foreigners and Mexican Nationals, for that matter, prefer to hold their property under a Fideicomiso.
Closing Fees
* Closing Cost:$6,000 USD (Includes; Notary fees, Trust fees, Transfer tax)
* Trust Year Fee: $440 USD
* Property Tax: $300 USD
* Monthly Maintenance: One Bedroom Unit $130 USD - Two Bedroom Unit $180 USD
Includes: Common Areas Maintenance, Pool Maintenance, Insurance of Outside Building, Painting and cleaning of Buildings, Public Water System, Common Area Electricity.
*All fees are approximate.