Michael Lynch
Coldwell Banker Residential Brokerage
(760) 325-4500

$48,000,000

'Laguna Cortez' is 4,000+/- acres overlooking the Sea of Cortez in Baja California Sur. 26-miles east of the world famous resort of Cabo San Lucas, Mexico, and, 6-miles east of San Jose International Airport. 2-water wells are on property. Site features 180 degree views of the Sea of Cortez and has an MAI Appraisal of $60M.(USD). The land is currently priced 'As-Is' for $48M.(USD). Property is in the process of being Master Planned for a Mixed Use Community including a Private Airstrip with Golf Course, Residential, Retail and Commercial portions. Paved access to site expected to be completed in 2012. Electricity is within 1/2 mile of property line. Sellers are applying for Private Airport Permit, Beach Access and Expanded Water Capacity easements and, Tourist Commercial Zoning. Price will be adjusted upwards after entitlements completed. Cabo San Lucas 'Resort Peninsula Area' shows strong resilience to the current economic changes affecting other parts of the World. DRE# 00627129

Property	Lots And Land
Community	Unknown
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