Make an offer on Esperanza Resort, Auberge Residence 10202 FI 10,11,12 E28 Cabo San Lucas, MX
$650,000
None set
Make an offer
It just takes 2 minutes
Terms
Additional terms
This Offer Platform is NOT an auction. Seller has a right to accept, reject, or counter-offer the highest bids.
The high bid is subject to the Seller accepting, & Hotel Esperanza has a right of first refusal. **
Once accepted by Seller, the "Offer to Acquire" will be drafted.
Winning Bidder to sign "Offer to Acquire" within 48 hours after presented, then a 10-day due diligence period begins
The Offer to Acquire will require:
All cash purchase
20% initial deposit plus $2,650usd escrow fee and pre-closing costs
An additional $15,000 deposit to go towards the purchase at closing per week used prior to closing should be anticipated.
The 2024 HOA dues will be prorated at closing between the purchaser and seller
The closing date will be programmed after the offer to acquire is fully executed by both seller and buyer.
Disclosures:Proposed renovation of four-bedroom villas with a potential special assessment determined by a majority vote by fractional owners
Seller declares that there is a pending resolution for a Potential Special Assessment (“PSA”) related to past deficits. The final amount is yet to be determined by the Homeowners Association (“HOA”) but is proposed to be 30% of the 2024 HOA dues.
Seller will deposit an amount equivalent to 30% of the 2024 HOA dues in the escrow account, which will be held until an invoice from HOA is provided for such PSA.
**Note: The hotel has a Right of First Refusal Before a Subsequent Transfer. Purchaser acknowledges that the owner of the hotel within the Condominium (the “Hotel Owner”) holds a right of first refusal set forth in the Project Documents. Before Seller may sell, transfer, assign or hypothecate the Property to a third party (each, hereinafter referred to as a "Subsequent Transfer"), Seller shall offer the Property to the Hotel Owner on the same terms and conditions, as is offered by or to the third party in the contemplated Subsequent Transfer
Property Information
Key details
space
4,500 sf
bedrooms
4
bathrooms
4
Year built
2003
Description
Six (Floating) Week Fraction - 4 Bedroom Luxury Suite Villa
Asking price: $650,000.00 USD
4 Bed / 4.5 Bath
(located in the 400 and 500 buildings on the 2nd/3rd and 4th floor; see site map for location)
Annual dues are approximately $28,000 USD/year for six weeks.
This four-bedroom fractional ownership is perched at the top of the property, overlooking the ocean and the stunning landscaping of Esperanza.
These 4,500 sq ft villas include the following:
4,500 sq. ft. of indoor/outdoor living space
Two principal bedrooms with King Beds, the third bedroom has one king bed, and a fourth bedroom with two queen beds, all with private ensuite bathrooms
Expansive Outdoor Terrace with wet bar and grill and private jetted whirlpool
Full Kitchen with Wolf Appliances and Dining Room that comfortably seats 8-10 people
High Definition Smart TV’s
Indoor Fireplace
Zoned Air Conditioning
Owner Storage & Safe
Washer & Dryer
Butler
Short-Notice Bookings ($490++ USD/night *prices subject to change)
Owner's rate for breakfast and 20% discount on F&B property-wide
Access to amenities such as spa and fitness classes, tennis, pickleball, lawn games
Timbers Reciprocity Program for a one-time transfer fee of $3,500USD
This 1/8th fractional opportunity includes six weeks, assigned two at a time in a snake draft format; please see the "Four Bedroom Rotation Explanation" document.
This seller is in position E this year and is in 4th position to pick their first two weeks and in 4th position to pick weeks 3 and 4.
These are the following weeks for this season and access to the dates that fall before the closing date can be negotiated.
January 14-21, 2024
February 18-25, 2024
April 14-21, 2024
May 26-June 2, 2024
July 21-28, 2024
August 11-18, 2024
The closing date is projected for April 2024. The 2024 HOA dues will be prorated at closing between Seller and Purchaser.
The legal description of fraction for sale: Villa 10202 Fractional Interest 10,11,12
For more information regarding this event and the fractional information, please check the additional documents and/or reach out to your agent :
Bethany Barba +52.624.128-1319 MX mobile