Today, joint partners Olarena Hospitality Group (Olarena) and Ernesto Coppel (Ernesto) proudly announce that The Residences at The St. Regis Los Cabos have surpassed the milestone of $135 million in sales. With a remarkable $90 million in sales achieved solely in the past year, 2022 has proven to be a standout year in residential sales for Olarena and Ernesto.
Myles Newell, Principal of Waypoint Resort Real Estate, the leading company responsible for sales and marketing of the property, stated, “As we approach the grand opening later this year, the demand for these residences has remained exceptionally high, attracting not only buyers from the U.S. but also from local buyers in Mexico. With Cabo recently breaking sales records in its real estate market and experiencing a surge in visitation numbers, the timing of introducing this exquisite luxury property to the market couldn’t be more perfect.”
Furthermore, a distinctive selection of ocean-view, standalone townhomes has just been made available. These five-bedroom townhomes, starting at $6 million and ranging from 4,645 to 4,689 interior square feet, boast outdoor kitchens, private gardens, terraces, as well as private pools and hot tubs. The spacious outdoor areas of these townhomes are perfect for entertainment purposes.
The exceptional sales performance at the development has led to Phase 1 and Phase 2 being completely sold out. Driven by demand, Phase 3 condo residences were introduced to the market ahead of schedule at the end of last year and have already exceeded 70% in sales. Pricing for these condo residences starts at $3.3 million. Phase 3 also features the exclusive five-star branded oceanfront single-family villas in Los Cabos, ranging from 10,226 to 17,028 square feet. These six-bedroom oceanfront villas have sold over 50%, with only five remaining. The starting price for the remaining villas is currently at $11 million.
Architected by SB Architects and Hirsch Bedner Associates San Francisco (HBA), The Residences are situated on a 33-acre site at the tip of the Baja Peninsula, offering 1,200 feet of oceanfront. Eventually, the new property will host a 120-room hotel and 74 St. Regis Residences.
Buyers of The Residences will enjoy all the exclusive amenities and services offered by St. Regis, in addition to access to the acclaimed Jack Nicklaus Golf Course and Quivira Golf Club. Further facilities include concierge services, seven resort pools, three exceptional dining venues, an exclusive St. Regis Spa with 10 massage rooms, a modern fitness and wellness center, an Astor ballroom providing 30,000 square feet of event space, a children’s club, as well as unique landscaping throughout the resort including art gardens, courtyards, and natural areas.
Image Source: Carlos Escobosa / Linkedin
