Maps Lot Video Lot Prices Home Prices Buying & Owning Property Cost of Living Price Level Insurance Labor Utilities The Peso Banking
Phones & Internet Loreto Vs La Paz Construction DIY Construction Home Finding Loreto Property La Paz Property Perfect Loreto History
Baja Economy Infrastructure Culture American Efficiency Loreto Video Fishing Diving Recreation Dining Whale Watching Driving & Flying
Studio home $55,000 or 900 sq ft Home for $84,000 in Baja California Sur, Mexico
Lots Slide Show Lots Prices
Affordable New Homes in Baja
$35,000 USD RV Pad, Block wall & Patio (Details)
$55,000 USD 500 sq ft Studio Home (Details)
$62,000 USD 600 sq ft Studio/Garage Home (Details)
$84,000 USD 900 sq ft 2Bedroom Home (Details)
(See below)
All above homes are on their own 2,580 sq ft lot with "services" such as paved streets and sidewalks, underground water and sewer, above ground electricity and phone. If you want more land, buy an additional 2,580 sq ft for $17,000 USD plus related closing costs.
FACT: You don't have to be wealthy to own a home in the Baja
Mexican citizens in Loreto and La Paz own their homes on an average wage of $2.50 USD per hour. A common misconception among Americans is that one has to be well-to-do or wealthy to afford a second home in a resort town in Baja California, Mexico. Well, what amount of money do you think is required to own a home in Baja? $200,000? $300,000? $500,000? More? I am an accountant and I know the truth about the details. See the facts below.
Studio Home for $55,000 USD
For $19,000 USD plus closing costs you can buy a 2,580 square foot residential lot in the beautiful beach town of Loreto just 2/3 of a mile from the old Mission and just under a mile from the new marina (that's about a 5 minute drive). For an additional $36,000 USD you can have a new 500 square foot Studio house constructed on the 2,580 sq ft lot for a total cost of the Studio Home of only $55,000 USD plus closing costs for the land purchase. By the way, a 2,580 sq ft lot is comfortably large enough for the Studio Home, a 3/4 ton truck and a 22 ft boat on a trailer and still have space for a front yard, back yard patio with a barbecue. Top
2 Bedroom Home for $84,000 USD
For a cost of $19,000 USD plus Closing Costs you can buy a 2,580 square foot residential lot with paved streets and sidewalks, underground water and sewer, above ground telephone and electricity in the town of Loreto just 2/3 of a mile from the old Mission and just under a mile from the new marina (that's about a 5 minute drive). For $65,000 USD you can have a new 900 sq ft 2 bedroom 1 bath house built on your lot. The total cost of land and house is $84,000 USD plus closing costs on the purchase of the lot. If you want a larger lot, then buy an additional 2,580 sq ft for $19,000 for a new total of $103,000 USD plus closing costs for the land. Top
Studio/Garage Home for $62,000 USD
Concept: Buy a lot and build a combination Studio home and Garage. Use it as a studio living quarters when you are there and use it as a garage to store a boat and truck when you are away. For a cost of $19,000 USD plus Closing Costs you can buy a 2,580 square foot residential lot with paved streets and sidewalks, underground water and sewer, above ground telephone and electricity in the town of Loreto just 2/3 of a mile from the old Mission and just under a mile from the new marina (that's about a 5 minute drive). For an additional $43,000 USD you can have a new 600 square foot combination Studio/Garage constructed on the 2,580 sq ft lot. Total cost $62,000 USD.
Build a studio home of the rectangular dimensions 20ft x 30ft and 9 to 11 feet high. The building would include a full 8x5 ft bathroom at the far corner with the kitchen counters and sink along one side of the structure and a sliding glass door just beyond the end of the kitchen counter. You can have ample windows installed and a 2-ton mini-split air conditioner. This configuration allows for a comfortable living space and accommodations and will also hold a 3/4 ton truck (or an SUV) and a 22 ft boat and trailer when you are not there. The bed, couch (futons work great) and dining table and chairs, TV, end tables and coffee table can be place around the truck and boat for storage. When you are visiting your property, park the truck and boat in the yard/driveway and arrange the furniture for your use while there.
If you want a larger lot you can buy an additional 2,580 sq ft of land for $19,000 for a new total of $79,000 USD plus land closing cost. By the way, the 2,580 sq ft lot is large enough to comfortably fit the Studio/Garage and to store a 3/4 ton truck and a 22 ft boat on a trailer and still have space for a front yard, back yard patio with a barbecue and a 20 foot wide driveway. Top
RV Pad, Block Wall & Covered Patio for $35,000 USD
Another very economical option for the vacationer or fisherman who wants to own their own patch of paradise in Loreto at an unbelievably affordable price is to buy a lot and put an RV on it. It's a very wide spread practice by Americans, especially fishermen. Buy a 2,580 sq ft residential lot with all the services as described above for $19,000 USD (See prices for such lots here). For an additional $16,000 USD, have a contractor build a block wall around the property, pour a concrete 20ft x 30ft patio slab, then put a simple patio cover over the patio slab. The total cost of the project comes to about $35,000 USD plus closing costs on the land purchase. Then bring you RV or 5th Wheel and park it on your lot next to the covered patio. Top
Keep Costs Low with New House Construction
Construction cost has dropped to $72 per square foot of new construction due to the favorable exchange rate (as of this writing the exchange rate is $15 pesos to the US dollar, increasing the purchasing power of the US dollar by 36% since last year at this time). Existing residential dwellings in the 500 to 900 sq ft range are not new and most are owned and occupied by local Mexican residents. Their homes are rarely listed with local real estate agents as locals tend not to move, and they are very "lived in". When that rare local resident does list their property for sale, they ask exorbitant prices that are not logical considering the cost of the land and the cost of construction. Real estate agents encourage overpricing as that increases their commission and supports the other overpriced listed properties. It is much cheaper to buy the land and then have the home built. Plus, you get to dictate the exact layout, dwelling location and floor plan.