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As of 2026, housing prices in Cabo San Lucas remain high compared with many Mexican beach cities, especially in areas close to the marina, Medano Beach, Pedregal and the Pacific resort zone.
In this article, we explain the current housing prices in Cabo San Lucas in 2026, including average prices, prices per square meter, neighborhood differences, and what different budgets can buy.
We constantly update this blog post so buyers can follow the Cabo San Lucas real estate market with fresh and easy-to-read numbers.
And if you’re planning to buy a property in this place, you may want to download our pack covering the real estate market in Cabo San Lucas.
Insights
- The average housing price in Cabo San Lucas in 2026 is much higher than the median because luxury villas and ocean-view residences pull the market upward.
- The median housing price in Cabo San Lucas in 2026 is about MXN 9.8 million, or around $562,000 and €487,000.
- Most normal residential properties in Cabo San Lucas in 2026 sit between MXN 2.8 million and MXN 38.5 million, which is a very wide range.
- Condos dominate the Cabo San Lucas housing market because many foreign buyers want lock-and-leave homes that can also work as vacation rentals.
- Listing prices in Cabo San Lucas are usually negotiable, with actual sale prices often around 6% to 8% below asking price.
- El Tezal is one of the most practical Cabo San Lucas areas for expats because it offers newer homes at lower prices than Medano or Pedregal.
- Medano and the marina area are expensive because walkability to the beach, restaurants and nightlife creates strong lifestyle and rental demand.
- Pedregal remains one of the most expensive neighborhoods in Cabo San Lucas because it combines privacy, prestige, views and proximity to downtown.
- Foreign buyers should usually budget 10% to 15% above the purchase price when closing costs, light repairs and furnishing are included.
What is the average housing price in Cabo San Lucas in 2026?
The median housing price in Cabo San Lucas is more useful than the average because a few very expensive villas and branded residences make the average look much higher than what many buyers actually pay.
We are writing this as of 2026 with the latest data collected from authoritative sources that we manually double checked.
In 2026, the median housing price in Cabo San Lucas is about MXN 9.8 million, which is about $562,000 or €487,000, while the average housing price in Cabo San Lucas is about MXN 15.4 million, or around $883,000 and €766,000.
A realistic range for around 80% of residential properties in Cabo San Lucas in 2026 is about MXN 2.8 million to MXN 38.5 million, which is about $160,000 to $2.21 million, or €139,000 to €1.91 million.
A realistic entry range in Cabo San Lucas in 2026 is about MXN 2.8 million to MXN 5.2 million, or $160,000 to $298,000, or €139,000 to €258,000, which can buy an older 1 or 2 bedroom condo of 45 to 75 sqm in Centro, Lienzo Charro, Ampliación Juárez or lower El Tezal.
A typical luxury property in Cabo San Lucas in 2026 usually costs about MXN 35 million to MXN 120 million, or $2.01 million to $6.88 million, or €1.74 million to €5.97 million, which can buy a large villa or luxury condo in Pedregal, Medano, Diamante or the Cabo corridor.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Cabo San Lucas.
Are Cabo San Lucas property listing prices close to the actual sale price in 2026?
In 2026, the estimated difference between listing prices and actual sale prices in Cabo San Lucas is usually 6% to 8%, with a practical best estimate of about 7% below asking price.
This happens because Cabo San Lucas has more condo inventory than during the post-pandemic boom, so buyers can compare many similar units before making an offer. The gap is usually largest for generic condos and investor-owned resales, while rare beachfront homes, well-priced Medano condos and top Pedregal villas can sell much closer to asking price.
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What is the price per sq m or per sq ft for properties in Cabo San Lucas in 2026?
As of 2026, the median housing price per square meter in Cabo San Lucas is about MXN 68,000, or $3,900 and €3,380, which is about MXN 6,320 per sq ft, or $362 and €314 per sq ft. The average housing price per square meter in Cabo San Lucas is about MXN 83,000, or $4,760 and €4,130, which is about MXN 7,710 per sq ft, or $442 and €383 per sq ft.
The highest prices per square meter in Cabo San Lucas are usually found in compact ocean-view condos, beachfront units, Medano walkable apartments and Pedregal villas, while the lowest prices are usually found in older inland homes where tourism demand is weaker.
In 2026, the highest price per square meter in Cabo San Lucas is usually found in Pedregal, Medano, the marina area, Diamante and the Pacific Side, often around MXN 80,000 to MXN 170,000 per sqm. The lowest price per square meter is usually found in Mesa Colorada, Los Cangrejos, Arcos del Sol and Caribe Bajo, often around MXN 16,000 to MXN 35,000 per sqm.
How have property prices evolved in Cabo San Lucas?
Compared with one year ago, housing prices in Cabo San Lucas are up by about 7.5% in nominal terms, so a home that would have cost about MXN 9.1 million in June 2025 is now closer to MXN 9.8 million in 2026. The increase comes from resilient foreign demand, strong tourism and high-value beach demand, but extra condo supply has kept growth from being even higher.
Compared with two years ago, housing prices in Cabo San Lucas are probably up by about 15% to 18% in nominal terms, depending on the neighborhood and property type. Luxury homes and scarce coastal properties held up better, while mid-market condos became more negotiable as more listings came onto the market.
By the way, we’ve written a blog article detailing the latest updates on property price variations in Mexico.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Cabo San Lucas.
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How do prices vary by housing type in Cabo San Lucas in 2026?
In 2026, the active residential market in Cabo San Lucas is roughly 58% condos and apartments, 24% houses, 10% villas and luxury detached homes, 5% townhouses, 2% branded or resort residences and 1% older local apartments, because most foreign buyers prefer easy-to-manage homes with amenities and rental potential.
Condos and apartments in Cabo San Lucas average around MXN 8.8 million, or $504,000 and €437,000, while single-family houses average around MXN 13.5 million, or $774,000 and €671,000. Luxury villas average around MXN 55 million, or $3.15 million and €2.73 million, townhouses average around MXN 9.5 million, or $545,000 and €472,000, branded resort residences average around MXN 42 million, or $2.41 million and €2.09 million, and older local apartments average around MXN 3.8 million, or $218,000 and €189,000.
If you want to know more, you should read our dedicated analyses:
- How much should you pay for a house in Cabo San Lucas?
- How much should you pay for an apartment in Cabo San Lucas?
- How much should you pay for a villa in Cabo San Lucas?
- How much should you pay for a condo in Cabo San Lucas?
How do property prices compare between existing and new homes in Cabo San Lucas in 2026?
In 2026, a new-build home in Cabo San Lucas usually costs about 20% more than a comparable existing home in the same area.
This premium exists because new developments often include modern amenities, developer margins, furniture packages, imported finishes and rental-management positioning, even though buyers now negotiate more than they did during the 2020 to 2022 boom.
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How do property prices vary by neighborhood in Cabo San Lucas in 2026?
El Tezal is a popular Cabo San Lucas neighborhood for expats, families and digital workers because it has many newer condos, townhouses and small houses. In 2026, prices in El Tezal are usually around MXN 4 million to MXN 18 million, or $229,000 to $1.03 million, or €199,000 to €895,000, because buyers get views and newer stock without paying beachfront prices.
Pedregal is one of the most expensive areas in Cabo San Lucas because it has gated streets, ocean-view villas, luxury condos and strong prestige. In 2026, prices in Pedregal usually range from about MXN 25 million to MXN 120 million, or $1.43 million to $6.88 million, or €1.24 million to €5.97 million.
Medano and the marina area attract buyers who want to walk to the beach, restaurants, nightlife and rental-demand zones. In 2026, prices in Medano and the marina area usually range from about MXN 7 million to MXN 45 million, or $401,000 to $2.58 million, or €348,000 to €2.24 million.
You will find a much more detailed analysis by areas in our property pack about Cabo San Lucas. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Area in Cabo San Lucas | Market profile | Typical price range | Typical price per sqm | Typical price per sq ft |
|---|---|---|---|---|
| Pedregal | Luxury and gated | MXN 25M to 120M $1.43M to $6.88M |
MXN 80k to 150k $4.6k to $8.6k |
MXN 7.4k to 13.9k $426 to $797 |
| Medano | Beach and rental demand | MXN 10M to 45M $573k to $2.58M |
MXN 90k to 160k $5.2k to $9.2k |
MXN 8.4k to 14.9k $480 to $853 |
| Marina and downtown edge | Walkable and popular | MXN 7M to 28M $401k to $1.61M |
MXN 65k to 115k $3.7k to $6.6k |
MXN 6.0k to 10.7k $345 to $614 |
| El Tezal | Expat value-growth | MXN 4M to 18M $229k to $1.03M |
MXN 45k to 85k $2.6k to $4.9k |
MXN 4.2k to 7.9k $240 to $454 |
| Sunset and Pacific Side | Resort and view | MXN 12M to 60M $688k to $3.44M |
MXN 70k to 130k $4.0k to $7.5k |
MXN 6.5k to 12.1k $373 to $694 |
| Diamante and Pacific resort zone | Ultra-luxury and golf | MXN 25M to 140M $1.43M to $8.03M |
MXN 85k to 170k $4.9k to $9.7k |
MXN 7.9k to 15.8k $454 to $908 |
| Cabo Bello and corridor edge | Beach access and expat | MXN 8M to 35M $459k to $2.01M |
MXN 55k to 105k $3.2k to $6.0k |
MXN 5.1k to 9.8k $293 to $559 |
| Brisas del Pacífico | Family and local-expat mix | MXN 4M to 12M $229k to $688k |
MXN 30k to 55k $1.7k to $3.2k |
MXN 2.8k to 5.1k $160 to $293 |
| Centro and Lienzo Charro | Entry and walkable | MXN 2.8M to 10M $160k to $573k |
MXN 28k to 55k $1.6k to $3.2k |
MXN 2.6k to 5.1k $149 to $293 |
| Ampliación Juárez | Entry and local | MXN 2.2M to 7M $126k to $401k |
MXN 24k to 45k $1.4k to $2.6k |
MXN 2.2k to 4.2k $128 to $240 |
| Caribe Bajo and Los Cangrejos | Budget and local | MXN 1.8M to 6M $103k to $344k |
MXN 18k to 35k $1.0k to $2.0k |
MXN 1.7k to 3.3k $96 to $187 |
| Mesa Colorada and Arcos del Sol | Lowest-cost and inland | MXN 1.6M to 5M $92k to $287k |
MXN 16k to 32k $917 to $1.8k |
MXN 1.5k to 3.0k $85 to $171 |
How much more do you pay for properties in Cabo San Lucas when you include renovation work, taxes, and fees?
In 2026, a buyer in Cabo San Lucas should usually budget 6% to 8% above the purchase price for closing costs only, 10% to 15% with light furnishing and repairs, and 18% to 30% or more with meaningful renovation work.
For a property bought around $200,000, or about MXN 3.49 million, a buyer in Cabo San Lucas may pay roughly $20,000 to $30,000 extra, or around MXN 350,000 to MXN 525,000, if closing costs and light furnishing are included. That means the total cash need can end up near $220,000 to $230,000, or about MXN 3.84 million to MXN 4.01 million.
For a property bought around $500,000, or about MXN 8.72 million, a buyer in Cabo San Lucas may pay roughly $50,000 to $75,000 extra, or about MXN 872,000 to MXN 1.31 million, when closing costs, furniture and moderate upgrades are included. That means the total cash need can end up near $550,000 to $575,000, or about MXN 9.6 million to MXN 10 million.
For a property bought around $1,000,000, or about MXN 17.45 million, a buyer in Cabo San Lucas may pay roughly $180,000 to $300,000 extra, or about MXN 3.14 million to MXN 5.23 million, if the home needs renovation or higher-end furnishing. That means the total cash need can end up near $1.18 million to $1.3 million, or about MXN 20.6 million to MXN 22.7 million.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Mexico.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Cabo San Lucas
| Extra cost | Type of cost | Estimated cost range |
|---|---|---|
| ISABI acquisition tax | Tax | About 3% of the purchase price. On a $500,000 property, this is about $15,000, or around MXN 262,000. This is one of the largest unavoidable buyer costs in Baja California Sur. |
| Notary fees | Legal and transaction | About 0.8% to 1.5% of the purchase price. On a $500,000 purchase, this is roughly $4,000 to $7,500, or about MXN 70,000 to MXN 131,000. The notary plays a central role in Mexican property closings. |
| Public registry, certificates and appraisal | Administrative | About 0.3% to 0.8% of the purchase price. On a $500,000 property, this is about $1,500 to $4,000, or around MXN 26,000 to MXN 70,000. These costs vary by transaction and property value. |
| Fideicomiso setup and SRE permit | Foreign-buyer structure | About MXN 35,000 to MXN 70,000, or about $2,000 to $4,000. Foreign buyers usually need this bank trust when buying near the coast. Annual bank administration fees also apply after purchase. |
| Legal review or closing attorney | Professional fee | About MXN 35,000 to MXN 87,000, or about $2,000 to $5,000. Many foreign buyers use a lawyer to review title, contracts and closing documents. This is especially useful for resales and complex deals. |
| Light furnishing | Move-in cost | About 3% to 6% of the purchase price. On a $500,000 property, this is about $15,000 to $30,000, or around MXN 262,000 to MXN 523,000. Vacation-rental-ready furniture can cost more than basic furniture. |
| Cosmetic renovation | Renovation | About 5% to 12% of the purchase price. On a $500,000 home, this is about $25,000 to $60,000, or around MXN 436,000 to MXN 1.05 million. This can include paint, bathrooms, kitchen updates and new appliances. |
| Heavy renovation | Renovation | About 15% to 30% or more of the purchase price. On a $500,000 property, this is about $75,000 to $150,000 or more, or around MXN 1.31 million to MXN 2.62 million. Older homes and villas can easily exceed this range. |
We made this infographic to show you how property prices in Mexico compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Cabo San Lucas in 2026 with different budgets?
With $100,000, or about MXN 1.74 million, there is barely a normal foreign-buyer market in Cabo San Lucas, but you may find an older 30 to 40 sqm studio in Mesa Colorada, a small 35 to 45 sqm apartment in Caribe Bajo or Los Cangrejos, or a small inland fixer house of 45 to 60 sqm.
With $200,000, or about MXN 3.49 million, you may find a 45 to 60 sqm 1 bedroom condo in Centro or Lienzo Charro, a 55 to 70 sqm older 2 bedroom apartment in Ampliación Juárez, or an 80 to 110 sqm inland house in Brisas del Pacífico or Los Cangrejos.
With $300,000, or about MXN 5.23 million, you may find a 70 to 90 sqm 2 bedroom condo in El Tezal, a 55 to 70 sqm better-located condo near Centro or the marina edge, or a 100 to 140 sqm family house in Brisas del Pacífico.
With $500,000, or about MXN 8.72 million, you may find an 85 to 110 sqm 2 bedroom condo with amenities in El Tezal, a 70 to 90 sqm walkable condo near the marina or downtown edge, or a 140 to 180 sqm 3 bedroom house in El Tezal or the Cabo Bello edge.
With $1,000,000, or about MXN 17.45 million, you may find a 120 to 160 sqm ocean-view condo in Medano, the marina or the Sunset area, a 180 to 260 sqm 3 or 4 bedroom house in lower or middle Pedregal, or a 130 to 180 sqm high-amenity condo or townhouse in the corridor or Pacific Side.
With $2,000,000, or about MXN 34.89 million, there is a real market in Cabo San Lucas, but it is not the top of the luxury market anymore, and you may find a 250 to 350 sqm ocean-view villa in Pedregal, a 160 to 230 sqm premium beachfront or near-beach condo in Medano, or a 180 to 260 sqm resort-style residence in the Pacific Side or corridor resort zone.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Mexico.
What sources have we used to write this blog article?
Whether it’s in our blog articles or the market analyses included in our property pack about Cabo San Lucas, we always rely on the strongest methodology we can … and we don’t throw out numbers at random.
We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source and direct link | Why the source is useful | How we used the source |
|---|---|---|
| Sociedad Hipotecaria Federal, Índice SHF de Precios de la Vivienda, Q1 2026 | SHF is Mexico’s federal housing finance institution and publishes the official mortgage-backed housing price index. | We used it as the official anchor for Mexico, Baja California Sur and Los Cabos price growth. We then adjusted Cabo San Lucas estimates with listing and broker data because the local luxury market is often dollar-priced. |
| SHF Q1 2026 housing price article | This is the official Q1 2026 summary from Mexico’s federal housing price index. | We used it for the national 8.7% annual appreciation rate, and for the new-vs-used housing trend. We treated it as the macro baseline before looking at Cabo San Lucas. |
| Banco de México and DOF exchange rate indicators | The DOF publishes official Mexican exchange-rate indicators based on Banco de México data. | We used the 9 June 2026 USD/MXN rate of 17.4453. We rounded conversions because Cabo San Lucas property prices are often negotiated in dollars and finalized in pesos. |
| European Central Bank EUR/MXN reference rate | The ECB is the official euro-area central bank and publishes daily reference exchange rates. | We used the 9 June 2026 EUR/MXN rate of 20.1157. We converted all euro values from pesos with the same rate for consistency. |
| Properstar Cabo San Lucas price insights | Properstar is an international listing platform with transparent location-level price information. | We used it to cross-check Cabo San Lucas listing prices by property type and price per square foot. We treated it as asking-price evidence, not closed-sale evidence. |
| Propiedades.com Los Cabos listings | Propiedades.com is one of Mexico’s major property portals and shows live listing-level prices and surfaces. | We used it to validate entry and mid-market apartment examples in El Tezal, Centro and nearby Cabo areas. We did not use one listing as a market average. |
| Inmuebles24 Los Cabos listings | Inmuebles24 is a major Mexican real estate portal with useful inventory and asking-price ranges. | We used it to cross-check available homes and condos in Cabo San Lucas. We mainly used it to keep entry and mid-market ranges realistic. |
| Berkshire Hathaway HomeServices Baja, Los Cabos market reports | BHHS Baja is an established local brokerage publishing MLS-style market summaries for Los Cabos. | We used it to understand transaction volume, inventory pressure and the difference between listing price and likely market price. We used it as a transaction-market cross-check. |
| Cabo Real Estate Services, Los Cabos Residential Real Estate Market Report | This is a local brokerage market report focused on Los Cabos residential sales and inventory. | We used it to cross-check Q1 2026 market direction, buyer power and condo softness. We used it especially to interpret negotiation discounts. |
| FITURCA Los Cabos Tourism Observatory | FITURCA is the official Los Cabos tourism promotion trust and publishes tourism, hotel and airport indicators. | We used it to explain demand drivers, especially foreign tourism and short-stay demand. We did not use tourism data as direct housing-price data. |
| Snell & Wilmer note on Baja California Sur ISABI | This is a legal analysis from an established law firm explaining the Baja California Sur real estate transfer tax change. | We used it to anchor the 3% real estate acquisition tax in Los Cabos and Baja California Sur. We then combined it with standard buyer costs to estimate total extra costs. |
| Odigos & Co. Los Cabos real estate analysis | Odigos provides local market analysis focused on Los Cabos real estate trends and pricing direction. | We used it as a supporting cross-check for longer-term Los Cabos appreciation. We did not let it replace official SHF data or live listing checks. |
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