What Does $2 Million Buy in Los Cabos? A Budget Guide for U.S. Buyers
Karla and Erick Cabo Realty
Last update: 2026-11-04
Karla and Erick Cabo Realty
Last update: 2026-11-04
Two million dollars in Los Cabos can mean a 4-bedroom house with an ocean view and room for the whole family, or a smaller condo with the waves right below your terrace. Most U.S. buyers don't realize they have to pick one, and the asking price is rarely what homes actually sell for. We analyzed 51 real closed sales between $1.8 and $2.2 million in the Los Cabos MLS so you know exactly what this budget buys, and in which neighborhoods.
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| 4 bedrooms in a typical sale at this price |
~2,690 sq ft of interior space (median) |
84% had an ocean, oceanfront or Arch view |
51 closed sales between $1.8M and $2.2M in Los Cabos (Cabo San Lucas, San José del Cabo, both corridors and the Pacific Side), January 2025–October 2026. Median sale price: $1.97M. Working with a different budget? See What Does $1 Million Buy in Los Cabos? or What Does $3 Million Buy in Los Cabos?
At this budget, the choice between a house and a condo changes everything you get:
| Condo | House | |
| Sales | 28 | 23 |
| Median price | $1.88M | $2.02M |
| Interior space | ~2,270 sq ft | ~3,340 sq ft |
| Bedrooms | 3 | 4 |
| Price per sq ft | $808 | $575 |
| Oceanfront sales | 8 | 0 |
What this means for you: every oceanfront sale at this price was a condo. If you want to hear the waves from your bedroom, $2 million buys you a condo of about 2,000–2,500 sq ft on the beach, mostly in San José del Cabo. If you want space, a private pool and a golf or ocean view, a house gives you about 1,000 sq ft more for the same money.
| Neighborhood | Sales | What $2 million bought |
| Club Campestre | 11 | 4-bedroom ocean-view condos in Larena of about 2,230 sq ft, or ocean-view houses of 2,900–4,100 sq ft in Los Valles, Vista Lagos, Solesta and La Cañada |
| San José del Cabo beach | 6 | Mostly oceanfront condos of about 1,900–2,500 sq ft in Tortuga Bay, Aura and Las Mañanitas, plus one larger ocean-view condo in Tortuga Bay |
| Quivira | 4 | 3-bedroom ocean-view condos in Alvar (2,300–2,800 sq ft) or houses in Copala (2,500–3,000 sq ft) |
| Cabo del Sol | 4 | An ocean-view condo in Puerta del Sol, or houses of 2,700–6,500 sq ft in Brisas, Las Posadas and Vista Azul |
| Palmilla | 3 | The entry point: a condo in Palmilla Dunes or a 3-bedroom house of about 2,700–3,000 sq ft |
| Pedregal | 3 | Ocean-view houses of 3,000–3,700 sq ft, close to downtown Cabo San Lucas |
| Diamante | 3 | 4-bedroom homes of 2,500–2,900 sq ft in Las Casitas and Las Casas, without an ocean view |
| Querencia | 2 | 3-bedroom condos in Las Verandas of about 2,630 sq ft, with ocean or golf view |
| Puerto Los Cabos | 2 | A golf-view condo in Fundadores or a 4,760 sq ft golf-view house in La Noria |
The other 13 sales were in neighborhoods outside our nine golf and beach communities, such as El Encanto, Gringo Hills, the Cabo San Lucas beachfront and the Corridor.
What stands out: Club Campestre had the most sales at this price, because $2 million there buys a large ocean-view home. In Palmilla and Querencia, the same money is the entry ticket. In Diamante, $2 million usually means no ocean view.
As of November 2026, there are 36 homes and condos listed between $1.8 and $2.2 million in Los Cabos: 29 houses and only 7 condos. Most are in these neighborhoods:
If you want an oceanfront condo at this price, there is very little on the market right now. When one appears, it moves fast. And keep in mind that homes over $1 million in Los Cabos usually close below their asking price, so the listing price is a starting point, not the final number.
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The price is not the whole budget. Monthly HOA fees change a lot by neighborhood. These are typical fees from recent MLS sales:
Add closing costs, property tax and insurance before you decide. A condo with a $2,320 HOA costs about $21,000 more a year than one with a $550 HOA. See Understanding Closing Costs When Buying in Mexico.
Wondering whether a $2 million home will hold its value? See how prices in our golf neighborhoods have moved in How Much Have Homes in Los Cabos Golf Communities Appreciated Since 2019?
Typically a 4-bedroom home of about 3,300 sq ft with an ocean view, or an oceanfront condo of about 2,000–2,500 sq ft. That is based on 51 closed MLS sales between $1.8 and $2.2 million.
Not in our data. All 8 oceanfront sales at this price were condos. Oceanfront houses in Los Cabos generally start well above $2 million.
Club Campestre had the most sales at this price, with ocean-view houses of up to about 4,100 sq ft. In Palmilla and Querencia, $2 million is the entry point.
Yes, but at the entry level: a condo or a smaller 3-bedroom home. Most sales in those neighborhoods are well above $2 million.
It depends on what you want. A house gives you about 1,000 sq ft more and usually a private pool. A condo is the only way to be oceanfront at this price.
Looking around $2 million in Los Cabos?
Tell us what matters most: oceanfront, space, golf or walking to town. We will send you the listings that fit, with what similar homes actually sold for in the MLS.
Source: Los Cabos MLS (Flexmls): 51 closed home and condo sales between $1.8 and $2.2 million in Cabo San Lucas, San José del Cabo, the Corridors and the Pacific Side, January 2025–October 2026; 36 active listings in the same price range as of November 2026; HOA fees from closed MLS sales, July 2025–October 2026. Information verified November 2026.
Disclaimer: Karla & Erick | Cabo Realty provides educational content about real estate in Los Cabos. We help buyers and sellers, mainly from the United States, buy and sell homes, condos and lots in the region. We are MLS members and operate under the brokerage Century 21 Paradise Properties. Past sales are not a guarantee of future prices.
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.
No pressure. No surprises. Just the right home for the way you want to live.
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