For Sale · El Tezal, Cabo San Lucas
← All homes for saleCasa #8: Cabo Palapa Home with Rooftop Terrace
US$145,000 Asking price
Owner financing available: One-third down, with the remaining balance paid over up to two years. Contact the seller for full financing terms.
Enjoy indoor-outdoor Cabo living in this two-bedroom palapa-style home in gated Paloma Village. Located in El Tezal, it is only minutes from downtown Cabo, beaches, restaurants, and shopping.
Inside and around the home
Furnishings: Partially furnished. Furnishings included in the sale differ from those shown in the photos. Contact the seller to confirm which items are included.
Home features
- Open-air kitchen with granite counters and a copper sink
- Spacious covered living and dining area
- Private rooftop terrace with a pergola, fire pit, and wet bar
- Three mini-split A/C units in the casita
- Storage and washer/dryer hookups
- Fountain and private outdoor spaces
- Off-street parking and ceiling fans
- Microwave, oven, and refrigerator
Paloma Village
- Adults-only community for ages 18 and over
- Gated entrance
- Community pool and palapa entertaining area
- On-site manager
- Quiet, well-maintained community
- Convenient El Tezal location
Ownership
The home is privately owned within a land-lease community. The current land lease is $887 per month, separate from the asking price.
Own the home. Lease the land.
If land leasing is new to you, the idea is straightforward: you purchase the home, while the land beneath it remains separately owned. A lease sets out your right to use the homesite and the payments and conditions that apply. Similar arrangements are found in some retirement communities in the United States, although the terms and legal protections in Mexico are different.
How it works here
This home’s US$145,000 asking price is for the home, not ownership of the land. The current land lease is $887 per month, paid separately from the home purchase.
The monthly land payment continues after the home is paid for. Owner financing for the home is a separate arrangement from the land lease.
Annual increases and resident expenses: The seller states that land-lease payments may increase annually by up to 5%. Residents are responsible for paying all utilities and for yard maintenance, in addition to the land-lease payment.
A 15-year term, renewed each January
The seller describes a 15-year land lease that is renewed every January, restoring the remaining term to 15 years. Under this annual renewal cycle, the lease has at least 14 years remaining before the next renewal, rather than counting down toward an end date.
Costs for this home
The seller states that this purchase has no separate property taxes, no closing costs, and no requirement for a fideicomiso (bank trust). This is a home sale with a land lease, rather than a purchase of the underlying land.
Why consider a land lease?
- No land purchase: You do not need to buy the underlying land as part of the home purchase, which can reduce the upfront cost compared with buying a similar home and its land.
- A home within a community: Enjoy a neighborhood setting with shared amenities rather than purchasing a standalone lot.
- A different way to plan your purchase: Separate the home’s purchase price from the ongoing cost of using the homesite, then compare the full cost with your budget.
An option for a full-time Cabo residence, winter home, or relaxing getaway.
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