I didn’t realize it at the time, but it was a deal that would change my life forever…
This was around a decade ago.
Insiders and contacts on my real estate beat were abuzz about a transformation moving through one of the world’s most luxurious and exclusive destinations…a place that’s attracted the rich and famous for generations.
Naturally I hopped on a plane to check it out…
The destination was Los Cabos, on the southern end of the Baja California peninsula.
When I arrived to scout it for the first time in 2014, I was blown away its natural beauty—the glistening golden-sand beaches…the turquoise waters crashing against jagged cliffs that rise up from the sea…the rolling desert hills stretching inland scattered with cacti…
I was equally astonished by the scale of the transformation taking place there.
Cabo had long been known for its fabulous villas, luxury hotels, and glistening marina. Now billions were being pumped into vast new resorts and residential communities. The infrastructure was being upgraded at an incredible pace. It was opening up as a destination… The number of people living there part- and full-time was soaring.
I knew instantly this was an opportunity. So, I moved fast to find an off-market deal for my Real Estate Trend Alert group. And I found an opportunity to own ocean-view condos in an amenity-rich, 5-star beach resort community at mind-blowing prices.
This deal offered the complete package…
- An amazing lifestyle in one of the world’s most desirable places.
- A luxurious best-in-class community with stunning amenities.
- Incredible potential for capital appreciation and rental income.
- A perfect location in a rapidly evolving destination with an amazing future, making it the kind of legacy real estate you might want to keep for your family, forever.
In other words, the perfect overseas dream home.
When I found this deal, I knew I had to own here too. So I bought alongside RETA members. This is how we got in ahead in the Copala community in the 5-star Quivira Resort in Los Cabos.
To this day, RETA members regularly bring up this deal to me…either with immense delight at having gotten in, or huge disappointment at having missing out.
I mention it today, because in the near decade since, no deal has so closely resembled this Copala opportunity as the one I’m about to bring to my RETA group this Wednesday, Sept. 18 at 1 p.m. ET in the ultra-luxe Caribbean beach destination of Cap Cana.
This is another complete package. And I’m buying in this new deal too…
A couple of decades ago, when the developer first bought the land for Quivira, everyone said he was a lunatic. No one thought it was a good idea to open a resort on the Pacific side of Cabo. Unlike the gentler coast on the Sea of Cortez side, the currents are too strong for swimmers. It’s windy. People said no one would want to live here.
They were wrong…
From the first time I visited Quivira, I was blown away by its setting. Just 10 minutes from town, the resort is spread across 1,850 acres of stunning oceanfront land, where rolling hills meet low cliffs and a spectacular three-mile beach. It offers panoramic views of the Pacific. You can see whales breaching from the beaches and the terraces. I was enthralled. I knew people would come…
Today, this stretch of coast is immensely popular. Throngs of people want to live and stay here. In fact, nowadays, next door to Quivira, St. Regis is building a resort and residences that have price tags starting in the millions of dollars.
Little surprise then that prices in Copala have shot higher since our RETA deal there.
In 2015, the RETA-only price for two-bed ocean-view condos was $336,156. Today, these condos have more than doubled in value. In November 2022, one identical to mine two floors above listed for $725,000. That’s $388,844 more than the RETA price.
Rental prices in Copala have followed a similar trajectory. Today long-term two-bed condo rentals are $3,000 a month. That’s what I get for my condo when I’m not using it.
My Quivira condo has been an incredible investment, but it’s been so much more than that. It hasn’t just made me wealthier, it’s made me happier and healthier.
Today, Quivira is my refuge…a place I spent time every winter. Coming here has been a game-changer for my lifestyle. Instead of wind, rain, and freezing temperatures, I can enjoy warm sunshine, bright light, and cool breezes. My mood and energy levels during winter have been transformed.
When the weather is warm and pleasant, you want to be more physically active. In Cabo, exercise is not something I have to force myself to do, it’s something I want to do it. I look forward to working out in the gym. And afterward, I still want to be outside, strolling on the sand, playing golf beside the ocean, dipping in the pool…
I feel physically and mentally stronger.
I look forward to all of these same benefits in Cap Cana…
In recent days, I’ve been telling you about this ultra-luxurious master-planned community on the easternmost coast of the Dominican Republic.
I’ve explained how it’s enormous (twice the size of Manhattan) and set on three miles of glistening white-sand beach, and miles more of stunning Caribbean coastline.
And how it’s home to the largest inland marina in the Caribbean…world-class golf…mansions that sell for tens of millions of dollars…ultra-luxe resorts…one of the Caribbean’s finest equestrian facilities…the region’s largest water park…dozens of restaurants…a university…conference centers…an adventure park with cave exploration, ziplining, off-roading in buggies, and diving in the “blue hole”…
This isn’t a normal master-planned community. It’s a self-sufficient and secure bastion of wealth and luxury that functions with a high degree of autonomy.
The lifestyle here is next-level, like a sort of Cabo in the Caribbean.
I can’t wait to spend time in Cap Cana…to golf…to dine…to stroll the beach…
Just as in Cabo a decade ago, this place is on the cusp of transformation.
More people are coming to vacation and stay longer term. Last year, the Dominican Republic attracted 10 million visitors. That was a new record. But this year, it’s set to smash the record yet again, with 11.5 million expected.
Investment is also flooding in. To give just two examples from Cap Cana, St. Regis is spending an estimated $220 million on a new resort. And there’s Juanillo Village, a lavish $500 million project with a Barcelona-inspired shopping street lined with art galleries, boutiques, cafés…all leading down to one of the most stunning beaches I’ve seen in two decades of scouting the world for real estate.
The scale of what’s happening here is breathtaking. Yet, thanks to the contacts and collective-buying power of my RETA group, I’ve been able to find the perfect deal…
We can own luxurious two-bed condos, each with a spacious terrace, in an ideal location…just seven minutes’ walk from the beach and next to Juanillo Village.
We will have incredible amenities with a rooftop ocean-view pool, bar, gym and so on. We’re also just 10 minutes’ drive from Punta Cana airport, the busiest in the Dominican Republic, with flight connections across North America.
And our price is nuts!
I expect gains of $275,000 five years after delivery. And honestly, I’m now feeling uncomfortably conservative predicting those gains…
I’ve seen the land costs in Cap Cana close to the RETA opportunityand it makes our price completely no-brainer!
Looking at land costs in Juanillo Village it looks like a typical two-bed condo will cost around $600,000 or $700,000…
And really, at $600,000 or $700,000, Juanillo Village will be a great deal. Already, in Cap Cana, people are spending millions, even tens of millions of dollars, for condos and villas, as I shared in an article here.
That’s why our price is so incredible…
Our price is from a RETA-only $382,400 for luxurious two-bed condos each with a spacious terrace.
I expect five years after delivery these condos will be worth $657,400. That’s a gain of $275,000.
And as I say, we will have the best condo location in Cap Cana bar owning right on the beach and you’ll pay four times or more for that.
Our perfect location also means strong short-term rental income…
As I say, Cap Cana and the Dominican Republic are soaring in popularity.
High season I’d actually expect occupancy of over 80%…or more. Even in low season, July to October, our unique amenities and perfect location should still attract a steady stream of guests, particularly those looking for off-season deals and longer stays. And rates of $200 to $500 a night are ballpark for condos depending on the time of year. This is after things have settled and the community becomes well known.
But let’s call it 50% occupancy and say you only ever rented it for a modest $250 a night, you’re talking about gross annual income of $45,625, or a gross yield of just under 12%.
With time and the right rental strategy I personally would expect to do better…but even if I spend six months of my year in Cap Cana and rent short-term the rest, 12% sounds good to me!
There’s another appealing option…
I’d expect $3,000 a month renting my condo long term, for a gross yield of over 9%.
With so many remote-working professionals and slow-travelers seeking longer term rentals this could work well. And it means you could rent monthly for maybe nine months of the year and then have the use of the condo for yourself, friends and family for a few months.
That’s likely how I’ll use mine…
My team have seen two-bed condos in Cap Cana listing for $3,000 a month…$3,300 a month…even $4,000 a month for an unfurnished two-bed in Juanillo…here’s an ad:
Put all these elements together and this Cap Cana opportunity is very special…so reminiscent of Copala…
- An amazing beach lifestyle in one of the world’s most desirable destinations.
- A luxurious best-in-class community with stunning amenities like a gym, pool, bar… And that’s not mentioning everything available to you in Cap Cana, like the Jack Nicklaus golf course, marina, restaurants, art galleries, water park, schools, conference centers, resorts…
- Incredible potential for capital appreciation and rental income.
- A perfect location. You’ll be right at the heart of Cap Cana as it continues to evolve, making it the kind of legacy real estate you might want to keep for your family, forever.
The perfect package…
But also as in Copala, this moment will pass quickly.
Our deal is close. It opens in just two days, on Wednesday, Sept. 18 at 1 p.m. ET.
Get ready… check out my full report here.
Ronan McMahon, Founder, Overseas Dream Home & Real Estate Trend Alert
P.S. Here’s another render of the rooftop amenities area. Imagine those views. I can’t wait to soak them up as an owner here…
Your Daily Dream Home
Caldas da Rainha, Portugal
This spacious two-bedroom, one-bathroom village house has more than 2,100 square feet of living space and includes a wine cellar.
The home is in Caldas da Rainha, a historic town in central Portugal known for its charming Art Nouveau buildings and traditional Portuguese structures. Its most iconic landmark is the ornate 15th-century thermal hospital, commissioned by Queen Leonor.
The surrounding countryside is lush and green with rolling hills set close to the Atlantic beaches of the Silver Coast. The region is dotted with picturesque villages, vineyards, and orchards.
Caldas da Rainha is renowned for its ceramic tradition, particularly its provocative pottery featuring caricatures and satirical figures.