About this villa
Fabulous Views of Ocean, Land’s End and Medano Beach Relax and marvel at the panoramic views of Land’s End, Medano Beach and the ocean from this third floor Villa. The large main terrace is the perfect place to enjoy your morning coffee or wind down after a day of activities. A second wraparound terrace offers spectacular views with privacy for the master suite.
This three bedroom/4 bath condo is luxuriously decorated with contemporary furnishings. It will sleep up to 8 people. The large living room, dining room, and full kitchen are perfect for relaxing with families and friends.
Luxury features abound in this beautiful Villa, including cream travertine marble floors, carved maple entry doors and kitchen cabinets, granite countertops in all bathrooms and kitchen, 10 foot ceilings in living areas, zoned central air conditioning, ceiling fans in living room, bedrooms, and terraces, large closets and dressing areas, electronic security boxes, two line telephones, and high speed Internet service(RJ45).
A truly remarkable private home with luxury resort amenities.
About Fractional Ownership
Fractional Ownership has grown to become increasingly popular in recent years among people looking to enjoy the benefits of luxurious possessions with shared ownership.
What is Fractional Ownership?
The simplest description of Fractional Real Estate Ownership is ‘shared ownership of a deeded property, with usage rights based on time’. The purchasers have a stake in an asset without having to pay for the entire property.
Because each owner holds an equal part of the Title, the buyer owns partial equity in a valuable asset. As the value of the property appreciates so, too, does the purchaser’s equity.
Generally, a management company takes care of service and amenities.
Can U.S. or Canadian citizens buy Real Estate in Mexico?
Yes, citizens from other countries are eligible to buy real estate in Mexico, but it must be done through renewable bank trusts known as fideicomisos.
A ‘fideicomiso’ is a 50-year, perpetually renewable and transferable Bank Trust which allows foreigners to acquire irrevocable and absolute ownership rights to property in Mexico. This Trust is the legal equivalent of fee-simple ownership and is provided specifically for non-nationals, allowing them to own coastal and border property.
What is the most common types of fractional ownership in Los Cabos?
Fractional ownership properties in Los Cabos tend to be ocean view homes or villas, many of which are part of private residence clubs offering upscale amenities that are shared with neighboring owners. These amenities often include tennis courts, fitness facilities, business centers and concierge services.
The most common and best option is ¼ ownership (.25%), where four owners hold equal ownership percentage.
Typically there are three seasons: Winter, Spring and Summer and each quarter owner would receive one month (30 days) in each season in a rotation each year within a selective lottery process. Each year, each owner will receive a desired month guaranteed.
There is also the possibility of trading time with other ¼ fractional owners.
What is the investment potential?
Fractional Ownership provides an opportunity to build equity, as well as, an ability to rent some or all of your usage rights, allowing you to recoup your initial investment in the process.
Is fractional ownership right for you?
Fractional Ownership is more affordable than a traditional real estate investment model, with a lower overall down payment and fewer worries with regards to maintenance and property ownership responsibilities.
It was invaluable to have Gio on our side
My husband Ralph and I met Giovanni Giammarco in 2007 when we first bought our quarter share of unit 3201.
We have known him throughout the time we have owned our unit and when it came time for us to consider selling our share we immediately thought of speaking to him about the process. We approached him during the annual homeowners meeting in January 2019 and decided to engage his services as our realtor.
He took the bull by the horns and immediately began the process. We are very fortunate in that one of our partners was interested in purchasing our quarter share.
From the beginning, Gio kept us very well informed.
Despite the fact that the buyers and sellers (my husband and I) agreed on a price and the terms very quickly, the process was not as rapid as we are used to in the United States. Apparently, there are money laundering laws in Mexico that must be complied with and the requirements can change on a daily basis.
After beginning the process in January 2019, we are thrilled to say that the closing took place today, August 14, 2019.
It was invaluable to have Gio on our side, not only keeping us informed but following up very regularly with the key individuals in Mexico.
Having gained this experience only makes Gio more valuable as a relator that can be helpful to anyone considering buying or selling property in Mexico.
Ralph and I would highly recommend Giovanni Giammarco.
Having bought the Clinard’s share of villa 3201, I agree with both Gio and the Clinards that the purchase process was much more complex than it was when we bought our original quarter share. The rules and information required by Mexican authorities and the banks were far more extensive than years ago (and seemed to increase every few months). Clearly, sales still can be completed but patience is needed as is the help of somebody who has been through the process. Gio was great in keeping us informed, coordinating all the parties in the US and Mexico, and constantly moving the process forward. I don’t think the sale would have gone through without him. Thanks, Gio.
We are happy to say that we finally sold our place with Gio's help!
We first ‘met’ Giovanni back in 2010 when we wanted to purchase the beautiful Penthouse 3502 and were having a hard time getting the purchase to move forward. He was able to work with our agent, as well as, the owner to make the deal happen as quickly and efficiently as possible!!
From that point on, we became friends. He made sure to always stay in touch with us and helped us whenever any issues arose, helping us to find a solution as quickly and as painlessly as possible.
After some years of fabulous, wonderful Cabo living, our family started to add grandchildren, we realized that making the trip from Ohio to Cabo for our children and grandchildren was becoming too difficult. We made the difficult decision to rent and list our PH for sale, literally two weeks before the big hurricane hit Cabo. As you may know, following the hurricane, VLE did an amazing job of getting everything up and running quickly and our unit came through the ordeal relatively unscathed.
During the time it took to sell our place, Gio was able to rent it out, securing great rates, with great clients which helped to cover the costs along the way.
We are happy to say that we finally sold our place with Gio’s help, this past Fall. We are now the happy owners of a place in FL, which is more accessible for our children
Thanks, Gio for your dedication to helping our family!!
Mary & Dee Vaidya Former owner, Penthouse 3502
Another VLE Successful Sale and Happy Campers!
We just wanted to share our happy experience as buyers, which will complement the seller’s comments that are tagged on this blog, below.
In September, we purchased Penthouse 3502 and the experience with Giovanni and his real estate team was a really a great one. Normally, real estate transactions in Mexico can be fairly difficult to navigate but, in this case, all things went really smoothly thanks to Giovanni’s efforts.
The closing title company was great to work with and really good at communicating with us, which was a very welcome surprise.
In this case, Giovanni represented both the buyer and the seller, in addition to being an investor, as well.
It goes without saying that managing all of those aspects can be challenging. Thanks – and kudos – to Giovanni, however, because all things went off without a hitch. A smooth outcome is always welcome, especially when negotiating a real estate transaction in a foreign country.
Thank you, Gio, for your knowledge, professionalism, help and guidance during the process.
We are thrilled to invest further in the VLE community and encourage anyone contemplating the same to reach out to Giovanni and his associates. They are the Go-To Team.
Feel free to contact us with any questions or to discuss further.
Kris Anderson and Marc Whitener new owners Penthouse 3502
I give Gio my highest recommendation!
Oops, he did it AGAIN! After 18 years of ownership at VLE, with all of our kids growing up, it was time for us to sell our 2nd and final unit. Giovanni got Villa 1103 sold in short order. His communication skills, knowledge of his product, professionalism and friendly disposition are just a few of his amazing assets. Gio managed the phases of our 1st and now 2nd Los Cabos, Mexico vacation home sale. He went above and beyond the normal phases of listing, staging, showing, managing offers, inspections, and closing. Gio sold both 1102 and 1103 due to HIS diligence with all the facets needed for a quick sale in a not so desirable market for a seller.
Home-based in California and selling in Mexico, with Gio representing me this was a stress-free seamless process. Make no mistake, this is due only to Gio’s professional attention and work ethic. If ever I had wondered whether hiring a realtor to manage a sale was worth the commission, both of these experiences have made the answer obvious. You just cannot find a more pleasant professional to work with.
I cannot say enough about my most recent experience, I give Gio my highest recommendation! Thanks for getting things done, Gio.
~Jeff P. Former owner, Villa 1102 & 1103
I thoroughly enjoyed my time working with Giovanni
It’s my absolute pleasure to recommend G. Giovanni Giammarco as an International Real Estate Broker.
I thoroughly enjoyed my time working with Giovanni and came to know him as a truly valuable asset to anyone looking to purchase property both nationally and internationally. He is honest, dependable, and incredibly hard-working. His expertise in real estate was a huge advantage to my purchase.
Along with his undeniable talent, Giovanni has always been an absolute joy to work with, and I could not be happier with the results.
Please feel free to contact me at my company Southern Home Improvement Center, Inc. I’d be happy to expand on my recommendation.
Best wishes, Steven Bourgeois, Sr. New owner Villa 3404-1
We look forward to growing our relationship with Gio in the years to come
My wife and I lead an active and sometimes hectic lifestyle, running multiple companies and traveling almost constantly, so finding Gio has been invaluable to our peace of mind. When we met Gio we immediately felt comfortable working with him, and he quickly proved himself to be deeply knowledgeable and trustworthy. As is often the case, we presented Gio with a number of challenging tasks (including getting a last-minute extension on our escrow), and his quick work and diligence managed to save the day. He is truly one of those rare, intuitive individuals who can anticipate our needs even before we do. His team manages the rental of our units, and like Gio, they are always accommodating and excellent problem solvers. We look forward to growing our relationship with Gio in the years to come.
Jeff & Paulette Carpoff, New owners of Penthouse 2801, Villas 2606 & 3409
In a matter of about two weeks, we had a very workable offer
People like Giovanni and his partner Martin are a rare breed. After over three years listing with the Villa Group, I decided to give Giovanni and Martin a try. Really, what did I have to lose? In a matter of about two weeks, we had a very workable offer. Both Giovanni and Martin represented both myself (as the seller) and the buyer. If you want to rent or sell your property, then the choice is an easy one, go with Giovanni of Cabo La Estancia and his partner Martin.
Jeff Austin Former owner, Villa 3409
Thank you for the welcome.
Thank you for the welcome. I would like to thank you and your team for helping us in our purchase of PH 1502. The process was fairly easy and simple especially compared to our purchase of 3307 from the developer. (another long story) You and your team are true professionals and really know the VLE market.
Anyway glad to have my partner and me in on 1502…Looking forward to a great remodel and many happy days at VLE.
Cheers, Kris Anderson & Art Strauss Jr. new owner, Penthouse 1502
Thanks for making this Escrow period fast and painless.
Thanks, Gio for creating a market for a quick sale of our Penthouse 1502. We truly didn’t anticipate you getting that accomplished so fast. Guess I should be careful what we wished for. I know you and your staff are involved in all aspects at VLE (rentals & sales) but to produce a buyer so quickly was unexpected and now annoying.
(Just kidding…Kind of). It is with a heavy heart that I close this chapter of ownership at Estancia but will look forward to working with you to rent a place on one of your listings in the future.
Thanks for making this Escrow period fast and painless.
Bob & Donna Draney Former owner, Penthouse 1502
Besides our business relationship, we also became good friends.
I have known Giovanni Giammarco for over 10 years as a fellow owner and because of his Cabo La Estancia. I listed my penthouse with Giovanni for the purpose of renting to
his high-end clientele.
Besides our business relationship, we also became good friends.
When it came time to make the decision on listing my unit for sale, I trusted Giovanni to represent me with his 30 years of real estate experience, plus I knew he was a US broker too. It all helped contribute to a successful closing.
Dana Oberlin Former owner, Penthouse 2801
We would strongly recommend him if you want to sell your unit at Villa Estancia
We were original owners at Villa Estancia and for over 10 years Giovanni Giammarco helped us manage and rent our unit. When the time came to sell we had “Gio” represent us. From effectively managing all the buyers and showings offers and counteroffers he got our unit sold. Then he effectively managed the complex Mexican closing processes, Gio was our representative and got our deal closed. Our escrow closed on time and right in line with Gio’s expected proceeds and timing. We would strongly recommend him if you want to sell your unit at Villa Estancia. Go with Gio!
Dane Hillyard Former owner, Villa 3101-1/4
Will work with Gio again in a heartbeat.
We recently closed on our dream property at Villa Estancia, after renting several different units there with Gio over the last 7 years. The deal took almost a year to finally close, and Gio served as a trusted advisor to us throughout the somewhat opaque and circuitous route from the initial offer to the signed contracts. Gio was communicative, straightforward, and insightful over the course of this difficult transaction and we would and will work with him again in a heartbeat.
Jack and Mary Keenan New owner, Villa 3101-1/4
Giovanni Giammarco made our transaction one of the easiest we have experienced
Purchasing property in a foreign country can be a challenge but Giovanni Giammarco made our transaction one of the easiest we have experienced. He was reliable, provided open communication throughout the entire process, and was available every step of the way. Because of his tenacity and determination, we were actually able to close early and now are the proud owners of PH3502 at Villa La estancia, our new luxury dream home. Thank you, Giovanni!
Mary Vaidya New owner, Penthouse 3502
No one I’d trust more to represent me
It was hard enough to make the decision to sell my villa in Cabo, and the two potential transactions that failed to close with other agents at Estancia only made matters more difficult. I felt comfortable and confident when, Giovanni Giammarco, shared with me his background of 25 years of real estate experience and commercial success in the U.S. He is also one of our villa owners, past President of the HOA, and founder of Cabo La Estancia which is the number one rental company for Estancia online. Cabo La Estancia has provided me with significant rental income on PH3502 over the past several years and Giovanni was always personally involved, using his expertise to maximize my cash flow on the villa. Consequently, I knew there would be no one I’d trust more to represent me when I decided to sell my Cabo Penthouse.
John Scherer former owner, Penthouse 3502