BajaNomad

$200K + Options 2 Bed/3 Bath House (San Sebastian Cove)

SanSebastianCove - 10-6-2020 at 04:21 PM

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]

SFandH - 10-6-2020 at 04:40 PM

Google Maps: https://tinyurl.com/yx94wjhn

David K - 10-6-2020 at 04:42 PM

Long ways to buy groceries! What a cool place, however!

SanSebastianCove - 10-6-2020 at 04:42 PM

Thank you!

SanSebastianCove - 10-6-2020 at 04:54 PM

Quote: Originally posted by David K  
Long ways to buy groceries! What a cool place, however!


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.

SFandH - 10-6-2020 at 05:06 PM

I've been out there. It's a wonderful getaway. Nice little upscale community.

David K - 10-6-2020 at 05:30 PM

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!

mtgoat666 - 10-6-2020 at 06:12 PM

Quote: Originally posted by SFandH  
Google Maps: https://tinyurl.com/yx94wjhn


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...

advrider - 10-6-2020 at 07:16 PM

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.

motoged - 10-6-2020 at 09:33 PM

Say hola to Brown Rice (Dave) and thank him for the gas and smuggler stories.

VERY cool place :cool:

JZ - 10-6-2020 at 09:39 PM

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.

advrider - 10-7-2020 at 07:25 AM

JZ, thanks for the info, I wasn't totally sure how it worked, good to know. Bump for a wonderful place.

gnukid - 10-7-2020 at 10:14 AM

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.



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]

SanSebastianCove - 10-7-2020 at 11:35 AM

Quote: Originally posted by SFandH  
I've been out there. It's a wonderful getaway. Nice little upscale community.


Thank you for the compliment and for posting the google map link.

SanSebastianCove - 10-7-2020 at 11:40 AM

Quote: Originally posted by mtgoat666  
Quote: Originally posted by SFandH  
Google Maps: https://tinyurl.com/yx94wjhn


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...


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.

mtgoat666 - 10-7-2020 at 11:50 AM

Quote: Originally posted by SanSebastianCove  
Quote: Originally posted by mtgoat666  
Quote: Originally posted by SFandH  
Google Maps: https://tinyurl.com/yx94wjhn


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...


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!

AKgringo - 10-7-2020 at 12:06 PM

That arroyo appears to have a very small water shed since there is a ridge between the cove and the highway.

Hook - 10-9-2020 at 08:04 PM

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. :?:

motoged - 10-10-2020 at 01:04 AM

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. :?:


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.:light:

Buyer Beware of Land Leases in MX

Lee - 10-10-2020 at 10:39 AM

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...

Hook - 10-10-2020 at 11:51 AM

Quote: Originally posted by motoged  
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. :?:


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.:light:


Chill out. I've been there before and know basically where the house must be.

It was a sales recommendation. :light:

motoged - 10-10-2020 at 05:50 PM

Quote: Originally posted by Hook  
Quote: Originally posted by motoged  
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. :?:


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.:light:


Chill out. I've been there before and know basically where the house must be.

It was a sales recommendation. :light:



My suggestion was made in good faith....it appeared that you were looking for a newbie look around....

Take your own advice.

JZ - 10-10-2020 at 06:25 PM

Quote: Originally posted by motoged  


Take your own advice.


Ruining yet another thread.

mtgoat666 - 10-10-2020 at 06:47 PM

Quote: Originally posted by JZ  
Quote: Originally posted by motoged  


Take your own advice.


Ruining yet another thread.


It was a silly thread to begin with. Who is going to buy a $200K house with unsecured land?
Land lease could be canceled the day after money is wired to buy the house, and buyer would have no recourse...

chuckie - 10-11-2020 at 06:26 AM

I would be extra careful with an investment that size in that area. Going back to the times of "Cypranno and Manuela" who may or may not have claimed title, and some noise about title? when they left 30+ years ago....and the various squabbles since, this could be ripe for problems....It is a beautiful area....BUT