Velamar, San Jose Corridor

$699,000

Property Type Condos Bedrooms 3 Square Footage 2,375 Status Active

Current Price $699,000 List Date 10/27/2025 Last Modified 5/23/2026

Overview

Description

Velamar is the highest quality and size at the lowest price in the corridor. Located at the highest point in Velamar Los Cabos, this luxury 3-bedroom, 3-bath corner condo offers exceptional Sea of Cortez ocean views with premium Eastern and Southern exposure. This turnkey, fully furnished residence lives like new, completed with upgraded all-Parota wood cabinetry ($25,000 value), white quartz countertops, and a custom designer backsplash. The open-concept living area extends to a large private terrace perfect for sunrises and ocean breezes. Velamar is a low-density luxury community in the Cabo Corridor, each building featuring its own pool and common areas. A rare bonus: this condo includes a transferable Grand Velas membership—an exceptional value for Cabo luxury real estate buyer

Supplements: The Grand Velas Hotel is considered the #1 all inclusive hotel in Mexico. The membership allows use of amenities such as the hotel pools, restaurants, gyms, spas and more. You also have use of the other Velas hotels next door and discounts at the restaurants. This is a level of luxury and services that don't exist at other developments, except the ... (Read more)

Listing Details MLS# 25-4766

Address

Property Name: Velamar
Zone: San Jose Corridor
Area: SJD Corr-Inland
Community: El Tule-Inland
Subdivision: Velamar

General Description

Construction: Completed
Price (USD): 699000
Seller Financing Offered?: No
Total M2: 220.68
Total SqFt: 2374.52
AC M2: 149.61
AC SqFt: 1609.8
Decks/Patios M2: 33.36
Decks/Patios SqFt: 358.95
Total Bedrooms: 3
Full Baths: 3
Year Built: 2020
Furnished: Furnished
Primary View: Ocean
Secondary View: Ocean
Style: 1 Level
Floor Number: 2
Stories: 4
# Units in Develop: 40
Total Rooms: 8
Garage Stalls: 1 car
Parking on Property: 1 space
Mstr Plan Community: Yes

Contract Data

Begin Date: 2025-10-27

Unit Details

Pet Friendly: Yes
Deck/Terrace: Yes
Storage Area: Yes
Barbecue: Yes
Patio: Yes

Appliances

Dryer: Electric
Oven: Electric
Dishwasher: Yes
Refrigerator/Freezer: Yes
Cook Top: Yes

More Information

Devices

Water Heater: Direct supply

Title

Fideicomiso: Banorte

Connectivity

Internet: Fiber Optic Cable
TV: Other

HOA Info

HOA Name: Velamar
Dues Amount: 713

Road Type

Paved: Yes

Common Amenities

Pool: Yes
Beach Club: Yes
Elevator: Yes

Electricity

CFE: Yes

Sewage

Septic: Yes

Property Features

Unit Details Barbecue; Deck/Terrace; Patio; Storage Area Common Amenities Beach Club; Elevator; Pool Appliances Dishwasher; Refrigerator/Freezer; Cook Top Road Type Paved Electricity CFE Sewage Septic

Last Updated: May - 23 - 2026

All information is deemed reliable but not guaranteed. The listings on this site are displayed courtesy of the IDX program of MLS BCS and may not be the listings of the site owner.

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Financing estimate for a foreign buyer

Illustrative only — not an offer, not a pre-approval, and not a quote from a lender.

$4,002 USDestimated monthly principal & interest · 30-year term · 10.045% illustrative rate

List price: $699,000 USD
Down payment (35% minimum): $244,650 USD
Loan amount: $454,350 USD

Published one-time costs

Loan origination (3% + $2,600): $16,231 USD
SRE permit (restricted zone): $1,272 USD
Bank trust setup — INVEX, incl. 16% VAT: $1,276 USD
Bank trust, each following year: $638 USD

Not included above, because these are negotiated or set per transaction rather than published as a fixed rate: the acquisition tax (ISAI, a municipal percentage that varies by municipality), notary fees, appraisal, registry fees and title insurance. Those come from your notary and closing agent, and I can walk you through them for this specific property. Each one is broken down, concept by concept, in the guide to closing costs in Los Cabos.

A foreign buyer on this coast holds title through a Mexican bank trust rather than directly. How it works, what it costs each year and how it is renewed is explained in the guide to the fideicomiso, the Mexican bank trust.

Rate shown is the illustrative rate published by MoXi · Global Mortgage; the actual rate is set as U.S. 3-year Treasury + individual margin and depends on your credit profile. Peso amounts converted at 17.0245 MXN/USD (August 17, 2026). Figures reviewed August 20, 2026. Sources: MoXi, SRE, INVEX.

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