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La Paz Real Estate is on the Move
A Little Background on La Paz Real Estate
Los Cabos isn’t the only place stirring a buzz in the Baja anymore. La Paz, Mexico has been around since the mid 16th century, but it has remained a quiet secret amongst people “in the know”. The word is trickling out little by little as people keep falling in love with the city’s white sandy beaches and relaxing atmosphere. The coastal city, tucked in a protected nook on a bay in the Sea of Cortez, is buzzing with activity.
At over 470 years old and with a population topping 250,000 people, the city has quite a history in Baja. But don’t think La Paz is still stuck in the 1600´s. La Paz offers all the services and amenities of a modern city, from an international airport to movie theaters; minus all the headaches of a big city. The flashy lights and endless bars of Los Cabos have seemed to drown out La Paz’s grandeur. But not anymore. People are flocking to the city in droves in search of a quieter pace of life in a tropical paradise.
Considered one of Mexico’s best eco-tourist destinations, La Paz has an abundant variety of knowledgeable tours and guides to show you all the wonders of Baja California. La Paz is also a sport fishing hotspot where you can find everything from marlin to sailfish and is considered one of the best venues in the world.
La
Paz has played an important role in the development of Southern Baja,
Mexico. It is the main port to where all goods come into the peninsula. It
was also where the Los Cabos residents had to travel to only 15 years ago to
get their weekly food rations. La Paz is the second fastest growing city in
Mexico behind Tijuana, and through its tremendous growth it has managed to
maintain its colloquial charm. People are leaving the noise and confusion of
Los Cabos behind to move to the quiet city on the sea,
La Paz Real Estate
Imagine having had the opportunity to buy beachfront property in southern California only a few decades ago. Now imagine you can. La Paz is one of the few areas left in the southern Baja that has beachfront properties at somewhat affordable prices. Prices for ½ acre beachfront lots in the Los Cabos areas have been going for as much as three to four million! And sadly, they are almost completely gone. They’ve been swallowed up by the multitude of developers that have swarmed the area. Luckily enough, multiple acre sites can still be found in La Paz, but they are becoming fewer and farther between. Developers who have been running out of inventory have turned to the relaxing ambiance of La Paz for their newest projects. The time is now, don’t miss this opportunity!
A variety of parjects are currently underway. paraiso del Mar, on the Magote, The Gran Baja renovation, CostaBaja Resort & Marina and La Concha Pearl are but some of the luxury projects in the works right now. This by summer, two gold courses will be under construction adding to the attraction of La Paz. Residential developments are also booming in La Paz. In the Chametla and Centenario areas there are several companies offering lots with unique characteristics and on the north side of town is a bold new project, Maravilla, which will develop into a self-contained gold community about 14 miles north of La Paz, overlooking the San Lorenzo Channel and Isla Espritu Santos.
The Baja Gold Coast will be the next region to develop explosively.
Stretching the northern fringes of the La Paz market area, down the Sea of
Cortez to the Los Barriles region. NEarly every piece of coastal land in
that zone has changed hands in the last two years and development is
immanent. The rentals market in the Baja is also booming. Tourists,
especially those traveling with their families, have been realizing the
benefits of renting a home instead of paying the sometimes astronomical
prices of hotels and resorts. The privacy of a rental home, such as those in
the 
gated communities throughout the southern tip of Baja, can offer a
secure retreat to those looking for a vacation and not a circus. Why share a
pool with strangers when you can dip into your own private one for the same
cost? And if the convenience of maid services and restaurant facilities is
the deterrent to renting, remember that most rental companies offer these
services for nominal fees. A myriad of quality property management companies
are also available to take care of properties and to help renters with
anything they might need.
All the commotion and hoopla in Los Cabos has kept the developers busy and concentrated on only the southern most tip of the Baja. Now, the savvy have realized that the virtually untapped market of La Paz is ripe for the picking and are coming in with multi-million dollar developments to cater to the recent influx of La Paz lovers. Three new developments are in the works, each of which will be situated in proximity to downtown La Paz and the waterfront. These will include twon homes, cluster homes and penthouse condos with spectacular views of the Bay of La Paz.
The Pedregal de la Paz is moving forward with it's development of the coastal bluff just north of La Paz. These luxury lots will offer unequaled views of La Paz as well as a striking location in the entrance to the Ensenada de La Paz. In the success Diasz Rivera family, the Pedregal development in Cabo San Lucas, which was started nearly 30 years ago, they have decided to bring their real estate knowledge and expertise to La Paz. Pedregal is an upscale gated community with individuality and charm.
Perched upon a mountain side and with immediate views of La Paz and the
Sea of Cortez is the site for the future of Pedregal. Cobblestone roads have
been carved out and utilities have been established for future residents and
lots are being are now in the infant stages of being sold. A private marina,
dining program, and a concierge service are also being planned to better
meet the need of residents.
A short distance north of Pedregal de la Paz is Costa Baja Resort &
Marina. The development is now in phase 2, with the Pueblo Marinero
restaurants, marina, hotel and Beach Club now online. The Vista Mar homes of
phase 2 are now under construction as well as the golf course homes of the
Las Colinas phase are to begin shortly.
Across the water from the La Paz malecón, or boardwalk, is the site of Paraiso del Mar, a golf course community with condos and homes for sale. Visitors arrive by water taxi from the mainland to find this nature-conscious community on the water. Paraiso del Mar offers five miles of beach and an Arthur Hill golf course along with homes, condos, hotels and other facilities.
What’s Next?
La Paz is a market that is taking off, quite litereally. One of the newest projects to come off the development board is the aero-resort (An airstrip will be part of the community core) is being developed in San Juan de la Costa. Business and developments are in
beginning phases all over the city and from the looks of it isn’t slowing
down. Too many people have become smitten with La Paz’s way of life. The old
saying of “buy now” is really the only way to describe the current state of
the La Paz real estate market. The prices aren’t going down, the inventory
is not sticking around, and the money is being made by people other than
yourself. People who have once discovered La Paz have been uncovered, their
secret has been unveiled, and if history serves itself, the city will remain
peaceful and charming well into the future.
