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SanSebastianCove
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Registered: 10-6-2020
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$200K + Options 2 Bed/3 Bath House (San Sebastian Cove)
House w/ a Beach front view located in San Sebastian Cove. 2,400 Sq. Ft. of indoor living space, the Balcony is 569 Sq. Ft. & the Front Patio is
520 Sq. Ft. It has 2 very spacious Master Suites with ocean view & a 3rd downstairs bathroom. Wired for Solar. Unfurnished. The flooring
Installation is included w/ the sales price, buyer's choice of flooring & cost of material with be buyer's cost.
ADD On Option: Tiling of Balcony flooring, Tiling of Patio flooring, Patio BBQ area, Solar Panel System
It is 90% complete. Target Completion date is December 1, 2020. The house/structure is for sale and the lot is to be leased. The option to purchase
the actual lot/land will be available once rezoning is done. It is currently zoned as a ranch and the laws are now requiring us to rezone as
residential. Seller and landlord is also the legally documented land owner of San Sebastian Cove.
We highly recommend that you visit our websites for more info:
https://sansebastiancove.weebly.com/property-listings.html
https://www.facebook.com/SanSebastianCoveBCS
[Edited on 10-6-2020 by SanSebastianCove]
[Edited on 10-7-2020 by BajaNomad]
[Edited on 10-7-2020 by SanSebastianCove]
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SFandH
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Posts: 6927
Registered: 8-5-2011
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Google Maps: https://tinyurl.com/yx94wjhn
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David K
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Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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Long ways to buy groceries! What a cool place, however!
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SanSebastianCove
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Thank you!
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SanSebastianCove
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Thank you! Agreed on the distance to town. Our Tenants usually buy groceries for the week and our Care Taker also is nice enough to pick up groceries
for them once in a while when he makes a trip to Loreto.
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SFandH
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I've been out there. It's a wonderful getaway. Nice little upscale community.
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David K
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Posts: 64490
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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During by research trips looking for camping possibilities, I didn't go there (private home area) but I did go to San Nicolas, San Juanico, and San
Basilio, just south. Some beautiful areas of Baja!
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mtgoat666
Select Nomad
Posts: 17335
Registered: 9-16-2006
Location: San Diego
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Mood: Hot n spicy
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A couple of those house are right in the center of the arroyo. Looks like hurricane flood flow in the valley would wipe out a few of those houses...
Woke!
“...ask not what your country can do for you – ask what you can do for your country.” “My fellow citizens of the world: ask not what America
will do for you, but what together we can do for the freedom of man.”
Prefered gender pronoun: the royal we
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advrider
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Looks like a very nice place and location. I was under the impression that gringo's couldn't own with in the Federal zone ( close to the water)?
Owning the land would be a must for me to spend that much in Mexico.
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motoged
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Location: Kamloops, BC
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Say hola to Brown Rice (Dave) and thank him for the gas and smuggler stories.
VERY cool place 
Don't believe everything you think....
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JZ
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Quote: Originally posted by advrider  | Looks like a very nice place and location. I was under the impression that gringo's couldn't own with in the Federal zone ( close to the water)?
Owning the land would be a must for me to spend that much in Mexico. |
"The Federal Zone controls the 20 meters from the high tide line. Although owners can apply for a permit/commission of rights for the land in front of
their property no one including Mexican nationals can own this property."
This house is outside the federal zone. You can own the house and land, but it will need to be put into a trust. Good for 50 years, and renewable
after that.
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advrider
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JZ, thanks for the info, I wasn't totally sure how it worked, good to know. Bump for a wonderful place.
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gnukid
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| Quote: Originally posted by JZ | | Quote: Originally posted by advrider | Looks like a very nice place and location. I was under the impression that gringo's couldn't own with in the Federal zone ( close to the water)?
Owning the land would be a must for me to spend that much in Mexico. |
"The Federal Zone controls the 20 meters from the high tide line. Although owners can apply for a permit/commission of rights for the land in front of
their property no one including Mexican nationals can own this property."
This house is outside the federal zone. You can own the house and land, but it will need to be put into a trust. Good for 50 years, and renewable
after that.
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Fidicomiso of titled land is just one example of foreign ownership, many other cases exist, the seller has not revealed the current circumstance other
than "zoning issues" that preclude sale/ownership, which is unclear, therefore, generally not a good thing to buy an unfinished house at market price
on leased land due to lack of liquidable transfer.
Land can be held in the restricted zone in Baja, which is within 50km to the federal beach zone, by gringos as a Corporation, Fidicomiso, presta
nombre, ejido Constancia, lease, etc.
For most foreigners, Fidicomiso on Titled property with a Clave Catestral is most secure, more desired, liquidable and more valuable (higher cost).
[Edited on 10-7-2020 by gnukid]
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SanSebastianCove
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Thank you for the compliment and for posting the google map link.
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SanSebastianCove
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| Quote: Originally posted by mtgoat666 |
A couple of those house are right in the center of the arroyo. Looks like hurricane flood flow in the valley would wipe out a few of those houses...
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One house very close to the arroyo does get a bit of water in the first floor once in a while but for the most part the cove protects the homes. There
hasn't been a home majorly affected there in the 30 years we've owned the property.
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mtgoat666
Select Nomad
Posts: 17335
Registered: 9-16-2006
Location: San Diego
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Mood: Hot n spicy
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| Quote: Originally posted by SanSebastianCove | | Quote: Originally posted by mtgoat666 |
A couple of those house are right in the center of the arroyo. Looks like hurricane flood flow in the valley would wipe out a few of those houses...
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One house very close to the arroyo does get a bit of water in the first floor once in a while but for the most part the cove protects the homes. There
hasn't been a home majorly affected there in the 30 years we've owned the property. |
the big flood flows sometimes only come every 50 or 100 years or so,... then,... watch out!
Woke!
“...ask not what your country can do for you – ask what you can do for your country.” “My fellow citizens of the world: ask not what America
will do for you, but what together we can do for the freedom of man.”
Prefered gender pronoun: the royal we
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AKgringo
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Location: Anchorage, AK (no mas!)
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That arroyo appears to have a very small water shed since there is a ridge between the cove and the highway.
If you are not living on the edge, you are taking up too much space!
"Could do better if he tried!" Report card comments from most of my grade school teachers. Sadly, still true!
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Hook
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Location: Sonora
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Im really surprised that you show no pics, on either sites you linked, that show where the house is in the community.
And I'm even more surprised that you dont show any shots of the actual cove. 
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motoged
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Posts: 6481
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Location: Kamloops, BC
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| Quote: Originally posted by Hook | Im really surprised that you show no pics, on either sites you linked, that show where the house is in the community.
And I'm even more surprised that you dont show any shots of the actual cove.
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Why don't you Google Earth it....from his pics, it looks like the house is in front of the narrowest beach section with several houses north of
it.
Don't believe everything you think....
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Lee
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Location: High in the Colorado Rockies
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Buyer Beware of Land Leases in MX
I post this occasionally. Don't want to be a party pooper all the time.
If you are a MX citizen, or gringo National, and are connected to people in high places, then take your chances buying property with a land lease.
Even deep pockets won't get you out of trouble if things go bad.
Definition of bad: you buy property, a Mexican owns the land the property is on. You have a lease good for 5 years (or 25 years). Other
property owners in the area have the same landlord. Things appear stable and secure.
Mexican landlord dies and passes the ownership of the land to family, or landlord wants to sell the land. New home owner is notified that the land
lease is now null/void, and they must vacate.
New owner hires a MX attorney. MX landlord hires armed thugs who show up blocking access to property.
Think this scenario is improbable? Happens all the time. I've seen it happen in the Todos area. There are no happy endings except for
Mexicans involved in the property.
On the other hand, for anyone with disposable cash and can walk away from $200k, this might work for you.
https://mexiconewsdaily.com/opinion/after-a-20-year-relation...
US Marines: providing enemies of America an opportunity to die for their country since 1775.
What I say before any important decision.
F*ck it.
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