Co-investors, Olarena Hospitality Group (Olarena) and Ernesto Coppel (Ernesto) as we speak announce that The Residences at The St. Regis Los Cabos surpassed $135 million in gross sales. With $90 million in gross sales this previous 12 months alone, 2022 was a banner 12 months in residential gross sales for Olarena and Ernesto.
“As we enter the ultimate stretch earlier than our opening later this 12 months, the demand for residences has remained extremely excessive not simply from U.S. consumers but additionally from home consumers in Mexico,” mentioned Myles Newell, Principal of Waypoint Resort Actual Property, the corporate main gross sales and advertising and marketing for the property. “With Cabo lately setting gross sales data for its actual property market and the vacation spot setting new highs for its visitation numbers, our timing to convey this spectacular luxurious property to market couldn’t have been higher.”
What’s extra, a choice of direct ocean view, standalone townhomes have simply been launched. Every of the five-bedroom townhomes, which begin at $6 million and vary from 4,645 to 4,689 inside sq. ft, contains an outside kitchen, personal gardens, terrace, and a non-public pool and scorching tub. The townhomes’ in depth outside areas are perfect for entertaining.
Gross sales success on the improvement has resulted in Section 1 and Section 2 promoting out utterly. Because of demand, Section 3 rental residences had been launched to market on the finish of final 12 months, two years forward of schedule, and have already exceeded 70 % bought. These rental residences at the moment begin at $3.3 million. Section 3 additionally contains the solely five-star branded direct oceanfront single-family villas accessible in all of Los Cabos, ranging in dimension from 10,226 to 17,028 sq. ft. The six-bedroom direct oceanfront villas have surpassed 50 % bought, leaving solely 5 remaining. The remaining villas at the moment begin at $11 million.
Designed by SB Architects and Hirsch Bedner Associates San Francisco (HBA), The Residences are situated on a 33-acre website on the Southern tip of the Baja Peninsula that options 1,200 ft alongside the ocean. Finally, the brand new property will characteristic a 120-room resort and 74 St. Regis Residences.
Purchasers of The Residences could have entry to all of the bespoke facilities and providers of St. Regis, together with entry to the award-winning Jack Nicklaus Golf Course and Quivira Golf Membership. Further facilities embrace concierge providers, seven resort swimming pools, three distinctive eating experiences, unique St. Regis Spa that includes 10 therapeutic massage rooms, state-of-the-art health and wellness middle, Astor ballroom with 30,000 sq. ft of assembly area, a kids’s membership, and distinctive, privateness enhancing landscaping all through the resort which incorporates artwork gardens, courtyards and pure areas.