|Lot Size||1,942 acres|
Located on the shores of Baja California and facing the Sea of Cortez in the city of Cabo San Felipe lies 1,942 acres of vacant flat land with 1.2 kilometers of pristine white sandy beach front. The property has nine different parcels in all and when combined add to up the 1,942 acres being offered for sale spreading out from the waterline to the main road of travel in San Felipe. The site is approximately 9 miles from the private International airport and 12 miles from the city of San Felipe. There are several beach resorts in between the property and the city of San Felipe. The site is large enough to be built in several phases allowing a developer many options on how to proceed with the property. There are currently no entitlements of any kind. The current owner met with an architect who investigated the property and said the site would be ideal for a new large-scale resort consisting of hotels, retirement homes, rental homes, condominiums and villas with all the amenities affording such a grandiose development of this nature. The owner can and would assist the buyer in the process of obtaining the proper permits through the state and local governments to build out the development as they are familiar with the proper channels to get a project of this magnitude approved in a timely manner. Offered at Thirty-Five Million Dollars ($35,000.000.00). This is an incredible opportunity for a large developer to create their own part of paradise with several different options for the type of finished product to bring to such an up am coming part of the Baja California landscape. By purchasing this property at the below market offering price, the owner allows himself to begin with built-in equity for the land prior to construction. The current owner had an appraisal done in 2015 in which the property appraised for $55,000,000. The appraisal is included as part of the marketing package.