As of June 2026, buying an apartment in Cabo San Lucas usually means budgeting around MXN 6.0 million to MXN 6.8 million for a median condo, or about USD 321,000 to USD 364,000 and EUR 276,000 to EUR 313,000.
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Cabo San Lucas is not a single apartment market, because El Tezal, Centro, Medano Beach, the Marina and Pedregal all behave very differently.
The main idea is simple: the headline price matters, but closing costs, HOA fees, electricity, insurance and foreign-buyer rules can change the real budget a lot.
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 median apartment price in Cabo San Lucas in June 2026 is around MXN 6.0 million to MXN 6.8 million, but prime beach and marina condos can cost several times more.
- Cabo San Lucas condo prices are pulled upward by Medano Beach, the Marina and Pedregal, so the average price is much higher than the price most buyers actually pay.
- A normal two-bedroom apartment in Cabo San Lucas in 2026 often costs around MXN 7.5 million to MXN 8.5 million before closing costs and setup money.
- Foreign buyers should not plan only around the purchase price, because closing costs in Cabo San Lucas often add about 6.0% to 7.5%.
- The 3% ISABI acquisition tax in Los Cabos is usually the biggest single closing cost for an apartment buyer in Cabo San Lucas.
- El Tezal East is probably the strongest budget-friendly area in Cabo San Lucas in 2026, because there is enough condo supply for buyers to negotiate.
- Medano Beach can cost 3 to 4 times more per square meter than Lomas del Sol, mostly because of beach access, walkability and short-term rental demand.
- Cabo San Lucas electricity bills can surprise foreign buyers, because air conditioning can push a condo into much higher CFE consumption levels.
- HOA quality matters more in Cabo San Lucas than in many inland cities, because salt air, pools, elevators, storms and water backup all need reserves.
- New-build apartments in Cabo San Lucas usually sell at a premium, but some recently delivered investor resales can be cheaper than developer pricing.
How much do apartments really cost in Cabo San Lucas in 2026?
What's the average and median apartment price in Cabo San Lucas in 2026?
As of June 2026, the estimated median apartment price in Cabo San Lucas is MXN 6.0 million to MXN 6.8 million, or about USD 321,000 to USD 364,000 and EUR 276,000 to EUR 313,000, while the estimated average apartment price is higher at MXN 9.5 million to MXN 11.5 million, or about USD 508,000 to USD 615,000 and EUR 438,000 to EUR 530,000.
This price gap exists because Cabo San Lucas has many normal condos in El Tezal, Centro and Lomas del Sol, while a smaller number of expensive apartments in Medano Beach, the Marina and Pedregal push the average upward.
For price per square meter, a realistic median apartment estimate in Cabo San Lucas in 2026 is MXN 58,000 to MXN 68,000 per m², or about USD 3,100 to USD 3,650 and EUR 2,670 to EUR 3,130 per m², which is about MXN 5,400 to MXN 6,300 per sq ft, or USD 288 to USD 338 and EUR 248 to EUR 291 per sq ft.
Most standard apartments in Cabo San Lucas in 2026 sit between MXN 3.2 million and MXN 12 million, or about USD 171,000 to USD 642,000 and EUR 147,000 to EUR 553,000, although beachfront, marina-view and luxury serviced condos can move far above that range.
How much is a studio apartment in Cabo San Lucas in 2026?
As of June 2026, a typical studio apartment in Cabo San Lucas costs around MXN 3.9 million, or about USD 209,000 and EUR 180,000.
In practice, entry-level to mid-range studios in Cabo San Lucas usually cost MXN 2.8 million to MXN 5.8 million, or about USD 150,000 to USD 310,000 and EUR 129,000 to EUR 267,000, while luxury studios near Medano Beach, the Marina or Pedregal can reach MXN 6 million to MXN 9 million, or about USD 321,000 to USD 481,000 and EUR 276,000 to EUR 415,000.
Most studio apartments in Cabo San Lucas are compact, with a typical size of about 40 m² to 55 m², although tourist-ready studios often feel larger because they include terraces, storage, parking or furnished layouts.
How much is a one-bedroom apartment in Cabo San Lucas in 2026?
As of June 2026, a typical one-bedroom apartment in Cabo San Lucas costs around MXN 5.2 million, or about USD 278,000 and EUR 240,000.
That means entry-level to mid-range one-bedroom condos in Cabo San Lucas usually cost MXN 3.8 million to MXN 7.5 million, or about USD 203,000 to USD 401,000 and EUR 175,000 to EUR 346,000, while luxury one-bedroom condos in Medano Beach, the Marina or Pedregal can reach MXN 7.5 million to MXN 11 million, or about USD 401,000 to USD 588,000 and EUR 346,000 to EUR 507,000.
Most one-bedroom apartments in Cabo San Lucas are about 58 m² to 80 m², with smaller units common in investor buildings and larger units common in view or resort-style buildings.
How much is a two-bedroom apartment in Cabo San Lucas in 2026?
As of June 2026, a typical two-bedroom apartment in Cabo San Lucas costs about MXN 7.5 million to MXN 8.5 million, or about USD 401,000 to USD 455,000 and EUR 346,000 to EUR 392,000.
For most buyers, entry-level to mid-range two-bedroom apartments in Cabo San Lucas cost MXN 5.0 million to MXN 10.5 million, or about USD 267,000 to USD 561,000 and EUR 230,000 to EUR 484,000, while luxury two-bedroom apartments in Medano Beach, the Marina, Pedregal or Cabo Bello can cost MXN 11 million to MXN 22 million or more, which is about USD 588,000 to USD 1.18 million and EUR 507,000 to EUR 1.01 million.
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Cabo San Lucas.
How much is a three-bedroom apartment in Cabo San Lucas in 2026?
As of June 2026, a typical three-bedroom apartment in Cabo San Lucas costs around MXN 10 million to MXN 12 million, or about USD 535,000 to USD 642,000 and EUR 461,000 to EUR 553,000.
Entry-level to mid-range three-bedroom apartments in Cabo San Lucas usually cost MXN 7 million to MXN 16 million, or about USD 374,000 to USD 856,000 and EUR 323,000 to EUR 737,000, while luxury three-bedroom units with strong views, beach access or resort services can cost MXN 16 million to MXN 30 million or more, or about USD 856,000 to USD 1.60 million and EUR 737,000 to EUR 1.38 million.
Most three-bedroom apartments in Cabo San Lucas are about 120 m² to 170 m², and larger units often include terraces, lock-off layouts, view premiums or heavier HOA services.
What's the price gap between new and resale apartments in Cabo San Lucas in 2026?
As of June 2026, new-build apartments in Cabo San Lucas usually cost about 8% to 18% more than similar resale apartments, but branded, high-amenity or beach-adjacent projects can show premiums of 20% to 35%.
A realistic average price for new-build apartments in Cabo San Lucas in 2026 is about MXN 76,000 to MXN 92,000 per m², or about USD 4,060 to USD 4,920 and EUR 3,500 to EUR 4,240 per m².
For resale apartments in Cabo San Lucas, a realistic average price is closer to MXN 64,000 to MXN 78,000 per m², or about USD 3,420 to USD 4,170 and EUR 2,950 to EUR 3,600 per m², although old units needing renovation can be much cheaper.
The Cabo-specific twist is that some recently delivered investor resales can sell below developer pricing, especially when many similar two-bedroom units compete at the same time.
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Can I afford to buy in Cabo San Lucas in 2026?
What's the typical total budget (all-in) to buy an apartment in Cabo San Lucas in 2026?
As of June 2026, a realistic all-in budget for a standard two-bedroom apartment in Cabo San Lucas is about MXN 8.0 million to MXN 9.9 million, or about USD 428,000 to USD 529,000 and EUR 369,000 to EUR 456,000.
This all-in budget usually includes the purchase price, closing costs, fideicomiso setup, legal review, notary work, basic furniture, first-year HOA money, insurance and a small utilities buffer.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Cabo San Lucas property pack.
What down payment is typical to buy in Cabo San Lucas in 2026?
As of June 2026, a foreign buyer should usually plan for a 25% to 35% down payment in Cabo San Lucas, which is about MXN 2.0 million to MXN 2.8 million on an MXN 8 million apartment, or about USD 107,000 to USD 150,000 and EUR 92,000 to EUR 129,000.
The minimum down payment advertised by some Mexican lenders can start around 10% to 20%, but foreign buyers, non-resident income and resort-condo risk often make 20% to 30% more realistic.
For better mortgage terms in Cabo San Lucas, a buyer should usually target 30% down or more, because a stronger cash position can help with bank approval and seller confidence.
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Which neighborhoods are cheapest or priciest in Cabo San Lucas in 2026?
How much does the price per m² for apartments vary by neighborhood in Cabo San Lucas in 2026?
As of June 2026, apartment prices in Cabo San Lucas vary from about MXN 28,000 to MXN 160,000 per m², or about USD 1,500 to USD 8,560 and EUR 1,290 to EUR 7,370 per m², depending mainly on beach access, views, walkability, building quality and rental demand.
The most affordable neighborhoods for apartments in Cabo San Lucas are usually Libertad, Lomas del Sol, Lienzo Charro, 4 de Marzo and parts of Centro, where typical prices are about MXN 28,000 to MXN 58,000 per m², or about USD 1,500 to USD 3,100 and EUR 1,290 to EUR 2,670 per m².
The most expensive apartment areas in Cabo San Lucas are Medano Beach, the Marina, Pedregal and selected Cabo Bello or ocean-view corridor buildings, where typical prices are about MXN 75,000 to MXN 160,000 per m², or about USD 4,010 to USD 8,560 and EUR 3,460 to EUR 7,370 per m².
What neighborhoods are best for first-time buyers on a budget in Cabo San Lucas in 2026?
As of June 2026, the top three budget-friendly neighborhoods for first-time apartment buyers in Cabo San Lucas are El Tezal East, Sunset or Rancho Paraíso, and Centro away from the most tourist-heavy streets.
In these budget-friendly Cabo San Lucas neighborhoods, a realistic apartment price range is about MXN 3.5 million to MXN 7.5 million, or about USD 187,000 to USD 401,000 and EUR 161,000 to EUR 346,000.
El Tezal East gives newer condo supply, Sunset and Rancho Paraíso give better views for less money, and Centro gives easier daily access to shops, restaurants and services.
The main trade-off is that the cheapest areas in Cabo San Lucas usually have weaker walkability, more car dependence, less polished streets or a thinner foreign-buyer resale market.
Which neighborhoods have the fastest-rising apartment prices in Cabo San Lucas in 2026?
As of June 2026, the three Cabo San Lucas neighborhoods with the strongest recent apartment price momentum are El Tezal, Sunset or Rancho Paraíso, and Cabo-side Tourist Corridor pockets.
These areas appear to be rising by roughly 4% to 9% year over year in 2026, with El Tezal often closer to the top of that range because new supply is deep but still useful for middle-market buyers.
The main driver is not only tourism, because price growth in these Cabo San Lucas apartment areas also comes from relative affordability, better condo amenities, view demand and buyers priced out of Medano Beach or the Marina.
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What extra costs will I pay on top of the apartment price in Cabo San Lucas in 2026?
What are all the buyer closing costs when you buy an apartment in Cabo San Lucas?
For a typical MXN 8 million apartment in Cabo San Lucas, total buyer closing costs are usually about MXN 480,000 to MXN 600,000, or about USD 26,000 to USD 32,000 and EUR 22,000 to EUR 28,000.
The main closing cost categories in Cabo San Lucas are ISABI acquisition tax, notary fees, public registry fees, certificates, appraisal, legal review, escrow or admin fees, mortgage costs if financed, and fideicomiso setup for most foreign buyers.
The largest closing cost is usually ISABI, because Los Cabos applies a 3% acquisition tax on the taxable value used for the transaction.
Some costs can vary by transaction, because legal fees, escrow fees, fideicomiso bank fees, appraisal costs and mortgage origination charges depend on the buyer, the bank and the deal structure.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Cabo San Lucas?
For most apartment purchases in Cabo San Lucas, buyers should budget about 6.0% to 7.5% of the purchase price for closing costs.
The realistic low-to-high range is about 5.0% to 8.0%, because fixed costs feel heavier on cheaper condos and lighter on expensive condos.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Cabo San Lucas.
That means a MXN 4 million condo may need about MXN 260,000 to MXN 340,000 in closing costs, while a MXN 12 million condo may need about MXN 660,000 to MXN 900,000.
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What are the ongoing monthly and yearly costs of an apartment in Cabo San Lucas in 2026?
What are typical HOA fees in Cabo San Lucas right now?
HOA fees are common in Cabo San Lucas apartment buildings, and a normal condo owner should usually expect to pay about MXN 3,000 to MXN 8,000 per month, or about USD 160 to USD 428 and EUR 138 to EUR 369.
The realistic HOA range in Cabo San Lucas runs from about MXN 1,800 to MXN 3,500 per month for basic inland buildings to MXN 12,000 to MXN 35,000 or more for beachfront, luxury or heavily serviced condos, which is about USD 96 to USD 1,870 and EUR 83 to EUR 1,613.
The important Cabo San Lucas question is not only the fee amount, but whether the HOA has enough reserves for elevators, pools, water backup, hurricane damage, salt-air corrosion and air-conditioning-heavy buildings.
What utilities should I budget monthly in Cabo San Lucas right now?
A typical apartment owner in Cabo San Lucas should budget about MXN 3,000 to MXN 7,500 per month for utilities, or about USD 160 to USD 401 and EUR 138 to EUR 346.
The realistic monthly range is wide, because a smaller low-AC apartment may stay near MXN 2,000 to MXN 4,000, or about USD 107 to USD 214 and EUR 92 to EUR 184, while a hot-season, rental-style or heavy-AC condo can reach MXN 8,000 to MXN 15,000 or more, or about USD 428 to USD 802 and EUR 369 to EUR 691.
The typical utility budget in Cabo San Lucas includes electricity, water and sewer, bottled water or filters, internet, gas and sometimes cleaning or small service visits.
Electricity is usually the bill to watch most closely, because Cabo heat and air conditioning can push usage into higher CFE consumption levels.
How much is property tax on apartments in Cabo San Lucas?
A normal mid-market apartment in Cabo San Lucas often has annual property tax of about MXN 3,000 to MXN 18,000, or about USD 160 to USD 960 and EUR 140 to EUR 830.
Los Cabos predial is calculated on cadastral value, not usually on the full market price, with an urban residential owner-occupied rate of 1.15331 per thousand and a higher non-owner or mixed-use rate that can apply in some cases.
The realistic annual property tax range for apartments in Cabo San Lucas is about MXN 2,000 to MXN 40,000, or about USD 107 to USD 2,140 and EUR 92 to EUR 1,840, depending on cadastral value, property use and luxury level.
What's the yearly building maintenance cost in Cabo San Lucas?
A typical apartment owner in Cabo San Lucas should budget about 0.5% to 1.0% of the apartment value per year for private maintenance and replacement reserves, which is about MXN 40,000 to MXN 80,000 per year on an MXN 8 million condo, or about USD 2,100 to USD 4,300 and EUR 1,800 to EUR 3,700.
The realistic range is about MXN 20,000 to MXN 40,000 per year for a simple MXN 4 million condo, or about USD 1,100 to USD 2,100 and EUR 900 to EUR 1,800, and it can exceed MXN 120,000 per year for older, beachfront or high-end units.
These maintenance costs can include AC servicing, terrace waterproofing, appliance replacement, hurricane shutters, painting, plumbing, furniture replacement and small repairs inside the apartment.
Some building-level maintenance is included in HOA fees, but apartment owners in Cabo San Lucas still need a private reserve for their own interior, contents and special assessments.
How much does home insurance cost in Cabo San Lucas?
A typical annual home insurance budget for an apartment in Cabo San Lucas is about MXN 9,000 to MXN 28,000, or about USD 480 to USD 1,500 and EUR 415 to EUR 1,290.
The realistic range is about MXN 9,000 to MXN 85,000 or more per year, or about USD 480 to USD 4,550 and EUR 415 to EUR 3,900, depending on property value, contents, hurricane coverage, earthquake coverage, liability and loss-of-rent protection.
Home insurance is usually optional for cash buyers in Cabo San Lucas, but it is often required by lenders when there is a mortgage and is strongly worth considering because Cabo is exposed to storms and coastal wear.
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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 | Why we trust it | How we used it |
|---|---|---|
| Sociedad Hipotecaria Federal, Índice SHF Q1 2026 | SHF is Mexico’s official federal housing-finance institution. | We used SHF to anchor Mexico’s 2026 housing price context. We also used it to compare national trends with Cabo San Lucas condo pricing. |
| SHF Q1 2026 PDF bulletin | The PDF is the detailed bulletin behind the SHF release. | We used it to verify the national 8.7% annual housing price increase. We also checked the state-level context for Baja California Sur. |
| Cabo Real Estate Services Q1 2026 MLS report | It uses local BCS MLS transaction and inventory data. | We used its condo sales, median price, average price, days on market and inventory. We treated it as the strongest local apartment-market source. |
| Cabo Real Estate Services market commentary | It explains local market pressure in plain MLS terms. | We used it to understand the buyer’s market in condos. We also used its comments on two-bedroom competition and investor resales. |
| MLS BCS | MLS BCS is the main local listing infrastructure for brokers. | We used MLS BCS as the base market system behind local reports. We gave MLS-based evidence more weight than general blog commentary. |
| Properstar Cabo San Lucas house price page | Properstar gives a live listing-market view for Cabo San Lucas. | We used it to cross-check current asking prices and apartment supply. We did not use it alone because listings are not the same as closed sales. |
| Realtor.com International Cabo San Lucas listings | It aggregates many active international buyer-facing listings. | We used it to cross-check current condo availability and luxury supply. We also used it to test whether our price ranges looked realistic. |
| Berkshire Hathaway HomeServices Baja market reports | It publishes Los Cabos market data from a major local brokerage. | We used it as a second broker-data check. We compared its market direction with the Cabo Real Estate Services report. |
| Living in Cabo Q1 2026 market report | It gives recent local market commentary for Los Cabos. | We used it to cross-check inventory, negotiation room and appreciation ranges. We treated it as supporting evidence, not the main anchor. |
| Banxico household mortgage-rate table | Banxico is Mexico’s central bank and official rate source. | We used it for 2026 mortgage-rate and CAT context. We then estimated monthly financing pressure for Cabo San Lucas buyers. |
| CONDUSEF mortgage simulator | CONDUSEF is Mexico’s financial consumer regulator. | We used it to frame mortgage comparisons around CAT and total loan cost. We did not use it for Cabo San Lucas property prices. |
| El Informador mortgage-rate article | It reports recent mortgage-rate conditions using Banxico data. | We used it as a press cross-check for April 2026 mortgage costs. We still treated Banxico as the primary source. |
| Los Cabos Ley de Hacienda | It is the municipal law setting local tax rules. | We used it for ISABI and predial rules. We also used it to explain why property tax is often low versus market value. |
| Los Cabos 2026 Ley de Ingresos | It is the municipality’s live 2026 revenue law. | We used it to confirm 2026 fiscal-year fees and municipal charges. We cross-checked it against the standing Ley de Hacienda. |
| Baja California Sur Congress Ley de Hacienda page | It is an official state legislative source. | We used it as a second official access point for local tax law. We used this to reduce the risk of relying on one PDF link only. |
| Snell & Wilmer ISABI tax note | It explains the Baja California Sur ISABI increase clearly. | We used it to cross-check the 3% transfer-tax context. We treated the municipal law as the main legal source. |
| SRE fideicomiso permit page | SRE is the federal authority for restricted-zone permits. | We used it because Cabo San Lucas is in Mexico’s coastal restricted zone. We included fideicomiso setup and annual bank fees for foreign buyers. |
| BBVA restricted-zone fideicomiso page | BBVA is a major Mexican bank offering fideicomiso services. | We used it to confirm the practical bank-trust route for foreigners. We did not use it to estimate apartment prices. |
| CFE residential tariffs | CFE is Mexico’s federal electricity utility. | We used it to estimate electricity risk for apartment owners. We focused on air-conditioning use because it changes Cabo San Lucas bills quickly. |
| CFE Tarifa 1C page | It explains one domestic tariff for hot-climate areas. | We used it to explain why climate and consumption matter. We also used it to warn about high electricity bills in hot months. |
| OOMSAPAS Los Cabos water tariffs | OOMSAPAS is the official Los Cabos water utility. | We used it to estimate water and sewer costs. We also treated water reliability as a real ownership issue, not just a small bill. |
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