Market Update: Fishing Village Paves the Way for Foreign Real Estate Development

Los Cabos continues to be one of Mexico’s top destinations for foreign travel and real estate investment; but before the modern attractions of today, Los Cabos was first recognized in recent history as a small fishing village. It was the abundant source of tuna which first developed Cabo San Lucas’ commercial fishing in the 1920s. Fishing villages spotted the coasts from the Pacific to the eastern coasts of the Sea of Cortez. By 1927 the historic Cannery in Cabo San Lucas provided a living to native families for over 25 years.

By the late 1950s, the Mexican Government ended commercial fishing with the intention to develop Cabo San Lucas as a major tourist destination with a focus on sport fishing. The very first fishing resort, Rancho Las Cruces, was built on the beach near La Paz in 1950. Shortly after, in 1952, the fishing resort of Rancho Buena Vista developed in the East Cape. Further along the coast the development beginning the master planned community of Palmilla awakened San Jose del Cabo in 1956. By 1961 construction continued along the corridor and not until the early to mid 1970s did the Transpeninsular Highway and the Cabo San Lucas Marina completed construction to connect tourism both by land and sea. The expansion of the San Jose del Cabo airport in 1977 helped to bring hundreds and then thousands of visitors to Los Cabos to enjoy more than 60 miles of coastline and fishing waters from Cabo San Lucas to the East Cape.

In 1981, Bob Bisbee started the Black & Blue Marlin Tournament that has now attracted up to 150 teams of sport fisherman today with one of the largest payouts in sport fishing history. After 20 years the Bisbee Family expanded with two additional tournaments; the East Cape Offshore Tournament in Buenavista and the Los Cabos Offshore Tournament. Through the 80s and 90s as sport fishing was developing great acknowledgements in Los Cabos as the world’s top destination for sport fishing. Simultaneously, FONATUR – a Mexican government agency in charge of development and tourism, began researching and supporting golf course development which further opened Los Cabos to sportsmen from around the world. Naturally, the hundreds and thousands of tourists visiting this area to fish, golf, or enjoy the pristine beaches further inspired the varieties of resort, condominium and planned residential communities into our landscape.

A true fisherman takes his/her sport seriously and when it comes to selecting a vacation home in Los Cabos it is important to make sure the property has all of the characteristics to make the home the perfect place to be when you are not on the water! No matter where one chooses to place one’s head at night, the true adventure will still be found reeling in the prize catch of the day.

By Michelle Geisler


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