Make an offer on G38 Esperanza Resort, Auberge Residence 10402 FI 19,20,21 Cabo San Lucas, MX
$650,000
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Terms
- This Offer Platform is NOT an auction. The seller has the right to accept, reject, or counter-offer the highest bids.
- The high bid is subject to the Seller accepting, and Hotel Esperanza has a right of first refusal. **
- Once accepted by Seller, the "Offer to Acquire" will be drafted.
- The winning Bidder is to sign an "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
- The seller declares that there is a pending resolution for a Potential Special Assessment (“PSA”) related to past deficits. The Homeowners Association (“HOA”) has yet to determine the final amount but is proposed to be 30% of the 2024 HOA dues.
- The 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 has one king bed, and the fourth has 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.
May 5 - 12, 2024
- September 22 - 29, 2024
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