Swanky Addition To A Swanky Resort

Last chance to buy in this Rosewood Property that was started in 1997
BY: LACEY STORER

Las Ventanas al Paraiso, one of three resorts in Cabo whose names mean “the windows,” has always had a bit of a closed-door policy. They don’t want a bunch of lookie-loos coming in to gawk and their high-profile clientele, understandably. But that means it’s also been hard for us locals to get a glimpse at what’s inside.

Now, this Las Ventanas, a Rosewood Resort that’s on the fourlane, is opening the gates just a crack. So what’s going on in there? Three new towers have gone up, adding 30 new units to the resort’s real estate repertoire. It’s been more than a dozen years since they’ve released a private residence, the last one being Residence 4 in 2004. This final release of condos is also the final phase of Las Ventanas development.

The towers are five stories tall with two three-bedroom residences on each floor. Three different floorplans are available: Signature Residences, Pool Residences and, of course, Penthouse Residences.

Now let’s talk numbers, as in how much dinero do you need to own one of these luxurious places? They start at 2.25 million for one of the Signature Residences and top out at 6.5 million for one of the penthouses.

Side note: There’s no developer financing available. The Snell sales teams admits offering financing would expand their market. But not having financing hasn’t stopped them from selling millions and millions worth of property, so apparently it’s not that big a deal at this lofty price point.

So what makes these residences so special that people are willing to shell out that kind of money? In a word: luxury. Las Ventanas prides itself on being high end in every aspect. The new condos come completely furnished and feature amenities like Wolf and Sub Zero appliances and private infinity-edge pools. The penthouses each have a rooftop wet bar and barbecue area, putting green and pool table. Doesn’t sound half bad, does it?

The residences have owner “Ty Warner’s personal imprint in every single aspect,” according to Wayne Lefkowitz, sales director for Snell Real Estate, which has the exclusive listing. This attention to detail includes everything from the original artwork to the tiniest decorating detail.

(A quick bit of background, Ty Warner is also the entrepreneurial genius who made a killing with Beanie Babies. Remember those heart-shaped tags with TY on them?)

But, the sales team says, “It’s not just residences, it’s a lifestyles, and that’s why people come back again and again.”

And it’s why people are willing to pay “only” $35,000 a night to stay at the Ty Warner Mansion, which is the part of the property that used to be the ocean-front signature hole at Cabo Real Golf Course. Golf lovers are still crying over the fact that Cabo Real sold that hole to Las Ventanas for 22 million. Opened earlier this year, the two-bedroom, 28,000 square foot mansion is allegedly booked for every major holiday for the next five years, with a one-week minimum stay. By our calculations, it will take 629 nights for Las Ventanas to make that money back.

But back to the condos that just came on the market. Ownership at Las Ventanas comes with the same perks as staying at the hotel. Personal butler, valet and room service (all 24-hour) as well as private airport transportation, customized pet services and a “Dedicated Department of Romance” are among those perks. We were too polite to ask what the Department of Romance is.

Other projects in the works as part of this final Las Ventanas phase include another swimming pool and a yet-to-be-named restaurant, which will be the fourth restaurant on the property. Along with the usual luxury pool amenities - swim-up bar, café dining, pool butlers (we think that means the dude that brings you another beer) - the Oasis Pool will also feature a Jacuzzi and three-hole putting green. Future diners at the no-name restaurant (there, we just named it!) will likely be most intrigued by the 2,000 square foot wading pool with sunken dining tables.

The Las Ventanas property is beautiful, and it’s easy to see why guests and buyers want a luxurious piece of this lifestyle. Buildings 1 through 4 have been sold out for quite some time, so it might be a mad dash for buyers to stake their claims in the new buildings 5, 6 and 7.

Kilometer 19.5 on the fourlane. Email lasventanas@snellrealestate.com; www.lasventanas.snellrealestate.com. 624-144-2883.