What Does $1 Million Buy in Los Cabos? A Budget Guide for U.S. Buyers
Karla and Erick Cabo Realty
Last update: 2026-10-29
Karla and Erick Cabo Realty
Last update: 2026-10-29
Karla & Erick | Cabo Realty | Century 21 Paradise Properties
What does $1 million buy in Los Cabos? Based on real MLS sales, around $1 million typically buys a 3-bedroom condo with about 1,760 square feet of interior living space, and most of them come with an ocean view: of the 19 homes that sold between $900,000 and $1.1 million, 14 had an ocean view or were oceanfront, and 12 were condos. Below, you’ll see what every budget buys, from under $500,000 to $5 million and up, based on 452 closed sales in Los Cabos from July to September of 2025 and 2026, for buyers from California, Texas and Arizona.
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| ~1,760 sq ft Typical interior living space |
3 bedrooms Typical size |
| 14 of 19 Had an ocean view or were oceanfront |
12 of 19 Were condos |
Typical results for homes and condos that sold in Los Cabos from July to September of 2025 and 2026 (medians):
| Budget | Sales | Median Price | Interior Living Space | Bedrooms | Condos | Ocean View |
|---|---|---|---|---|---|---|
| Under $500K | 233 | $265,000 | ~1,060 sq ft | 2 | 71% | 26% |
| $500K to $1M | 104 | $699,500 | ~1,700 sq ft | 3 | 73% | 71% |
| $1M to $2M | 56 | $1,560,000 | ~2,230 sq ft | 4 | 59% | 89% |
| $2M to $5M | 38 | $3,250,000 | ~3,810 sq ft | 4 | 21% | 89% |
| $5M and up | 21 | $8,100,000 | ~7,100 sq ft | 6 | 5% | 95% |
Interior living space by budget
Share of homes with an ocean view (including oceanfront)
The pattern is clear: above $500,000, most buyers in Los Cabos get an ocean view. What changes with each step up is the size, the community and, at the top, whether you are on the water.
The most active part of the market: 233 sales, with a median of $265,000. Expect about 1,060 square feet of interior space and 2 bedrooms, mostly in condos (71%). Only about 1 in 4 had an ocean view. Most were in and around Cabo San Lucas, in neighborhoods like El Tezal, and in San José del Cabo, outside the gated golf communities.
104 sales, with a median of $699,500. This is where the ocean view becomes the norm (71%) and where you can enter gated golf communities: Quivira and Club Campestre together had 23 sales in this range. Expect about 1,700 square feet of interior space and 3 bedrooms; condos typically had about 1,600 square feet and homes about 2,400.
56 sales, with a median of $1,560,000 and about 2,230 square feet of interior space. Club Campestre led this range with 18 sales, followed by beachfront condos in San José del Cabo and Quivira. Nearly 9 in 10 had an ocean view, and 1 in 5 was oceanfront.
38 sales, with a median of $3,250,000. Here most buyers choose a home over a condo (79% were homes), with about 3,800 square feet of interior space and 4 bedrooms. The top communities were Querencia and Palmilla (6 sales each), followed by Quivira, Club Campestre, Pedregal and Cabo del Sol.
21 sales, with a median of $8,100,000. Almost all were homes, with about 7,100 square feet of interior space and 6 bedrooms, and 95% had an ocean view. Palmilla alone had 8 of the 21 sales, and the rest were in Querencia, Cabo del Sol, Quivira, Pedregal and Puerto Los Cabos.
💡 Tip from Karla & Erick: In Los Cabos, the view and the community change the price more than the square footage. Two homes of the same size can be $1 million apart because one faces the ocean and the other faces the mountain. Decide first which community and view you want, then see how much space your budget buys there.
In the U.S., the square footage usually means interior living space. In Los Cabos, MLS listings often show the total construction, which includes covered terraces. Because terraces are a big part of a Cabo home, the total can be much larger: the typical home that sold around $1 million had about 1,760 square feet inside but about 2,160 square feet in total. Always ask for the interior (air-conditioned) area when you compare a Cabo home with one in the U.S.
Homes and condos in our communities are priced in U.S. dollars. Remember to budget for closing costs and the yearly costs of owning. See Understanding Closing Costs When Buying in Mexico and the latest numbers in our Los Cabos Real Estate Market Report Q3 2026.
Typically a 3-bedroom condo with about 1,760 square feet of interior living space and an ocean view, in a community like Quivira or Club Campestre. Of the 19 homes that sold between $900,000 and $1.1 million, 14 had an ocean view or were oceanfront.
Based on 284 condo sales from July to September of 2025 and 2026, the median condo sold for $417,000, with about 1,240 square feet of interior space and 2 bedrooms.
Based on 168 home sales in the same months, the median home sold for $762,500, with about 2,510 square feet of interior space and 3 bedrooms. Homes in gated golf communities like Palmilla and Querencia cost several times more.
It’s rare. In our data, oceanfront sales started to show up in the $500,000 to $1 million range (6%), but they became more common from $1 million up (20% of sales between $1 million and $2 million).
Tell us your budget, we’ll show you what it buys
We help buyers from California, Texas and Arizona compare real options in Palmilla, Querencia, Cabo del Sol, Cabo Real, Pedregal, Quivira, Diamante, Club Campestre and Puerto Los Cabos.
How we calculated this: 452 closed residential sales (homes and condos) in the Los Cabos MLS (Flexmls) with a sold date from July 1 to September 30 of 2025 and 2026, in the MLS zones of Cabo San Lucas, Cabo Corridor, San José Corridor and San José del Cabo, plus the Pacific South area. Figures are medians. Interior living space is the air-conditioned area reported in the MLS; total construction includes terraces. Ocean view means the listing’s primary view was ocean or oceanfront.
Sources: Los Cabos MLS (Flexmls), closed residential sales Q3 2025 and Q3 2026; our own analysis.
Disclaimer: This article is general market information, not an appraisal. Every property is different. Karla & Erick are MLS members with Century 21 Paradise Properties. Information verified October 2026.
Karla & Erick | Cabo Realty | Century 21 Paradise Properties
Your home in Los Cabos, with people who live here.
Karla Andreu and Erick Flores are MLS members with Century 21 Paradise Properties, focused on luxury golf and oceanfront communities: Querencia, Palmilla, Pedregal, Quivira, Diamante, Cabo del Sol, Cabo Real, Club Campestre and Puerto Los Cabos.
Most of our clients come from California, Texas and Arizona. We help them buy, sell and relocate with real market data, honest advice and one clear plan from the first video call to closing day.
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