Marina Living in Cabo San Lucas — Waterfront Real Estate Guide

The Cabo San Lucas Marina district puts you at the center of the city's energy — waterfront dining, sportfishing charters at your doorstep, and a 10-minute walk to Medano Beach. Condos start around $250K and climb past $2M for luxury penthouses.

1. Why the Marina District

The Cabo San Lucas Marina is a 380-slip harbor originally developed by FONATUR (Mexico's national tourism development fund) in the early 1980s. What started as a commercial fishing port has evolved into a mixed-use waterfront district combining residential towers, resort hotels, charter fleets, yacht clubs, and one of Baja's densest restaurant corridors.

For real estate buyers, the marina district offers something no other Cabo neighborhood can match: true urban walkability within a resort town. You can step off your terrace, walk the marina boardwalk to a waterfront restaurant, charter a fishing boat at sunrise, and be on Medano Beach sand before noon — all without starting a car.

The district draws a mix of full-time residents, seasonal snowbirds, and short-term rental investors. According to the Los Cabos Tourism Board, the region welcomed over 4 million visitors in 2025, and the marina is the single most-visited landmark in the city. That foot traffic translates directly into rental demand for marina condos.

2. Top Marina Developments

Four primary developments define the marina's residential inventory. Each targets a different buyer profile — from hotel-branded vacation units to full-service luxury residences. Explore all Cabo San Lucas developments on our Cabo San Lucas region page.

Marina Fiesta Resort and Hotel

Marina Fiesta is the marina's most established property — a hotel-branded resort with individually owned condo units. Studios and one-bedrooms dominate the inventory, priced from the low $200Ks to around $450K. Units participate in the hotel's rental pool, making this the lowest-barrier entry point for marina ownership. The on-site amenities include pools, restaurants, a spa, and direct marina boardwalk access.

One Marina Place

One Marina Place is the luxury benchmark on the marina. Two- and three-bedroom residences range from $650K to over $2M, with penthouses exceeding $2.5M. Units feature floor-to-ceiling glass, private terraces with direct marina views, and premium finishes. The building offers concierge services, a rooftop pool, fitness center, and secured parking — targeting buyers who want full-time residence quality, not a hotel room.

Three Point Tower and Tesoro Los Cabos

Three Point Tower occupies the mid-market sweet spot — modern one- and two-bedroom units priced from $450K to $1.2M. The architecture is contemporary, the views are excellent, and the building is positioned at the marina's southern edge with unobstructed water sightlines.

Tesoro Los Cabos is a resort-style property with condos from $250K to $600K. It blends hotel amenities (pools, restaurants, activity desks) with condo ownership. Tesoro appeals to buyers who want the convenience of a resort program with the equity upside of ownership.

3. Marina Condo Pricing at a Glance

Marina pricing reflects location premium — you are paying for walkability, views, and rental demand that no other Cabo neighborhood matches at this price tier. Here is how the developments compare:

Development	Unit Types	Price Range	Best For
Marina Fiesta Resort	Studios, 1BR	$200K–$450K	Rental income, low entry cost
Tesoro Los Cabos	Studios, 1-2BR	$250K–$600K	Resort amenities, vacation use
Three Point Tower	1-2BR	$450K–$1.2M	Modern design, marina views
One Marina Place	2-3BR, Penthouses	$650K–$2.5M+	Full-time luxury, concierge

For context, comparable waterfront condos in Pedregal start at $495K and run to $15M, while El Medano beachfront condos range from $300K to $1.5M. The marina offers a middle path: waterfront location without the gated-community premium.

4. Marina Slip Ownership and Costs

Owning a slip at the Cabo San Lucas Marina is a separate transaction from buying a condo — and it is a significant asset in its own right. Slips trade on the secondary market since the marina is fully allocated. Foreigners purchase slips through a fideicomiso bank trust, identical to residential property.

Current slip pricing:

• 30- to 40-foot slips: $100K to $200K
• 50- to 60-foot slips: $200K to $350K
• 70- to 80-foot slips: $350K to $500K+
• Mega-yacht berths (100+ feet): $500K to $800K+ when available

Annual maintenance fees range from $5,000 to $15,000 depending on slip size, covering water, electricity hookups, and dock maintenance. Some owners generate income by leasing their slip to transient boats during months they are not in Cabo — daily rates for a 50-foot slip run $2 to $4 per foot during peak season.

5. The Sportfishing Capital of the World

Cabo San Lucas has earned its reputation as one of the world's premier sportfishing destinations. The convergence of the Pacific Ocean and the Sea of Cortez — what Jacques Cousteau called "the world's aquarium" — creates a nutrient-rich zone where blue marlin, black marlin, striped marlin, yellowfin tuna, dorado, wahoo, and roosterfish feed year-round.

The marina is headquarters for the Bisbee's Black and Blue tournament, the richest fishing tournament in the world. The 2024 event awarded over $4.7 million in prize money. Other major tournaments include the Los Cabos Offshore, the Stars and Stripes, and the WON Tuna Jackpot.

For marina condo owners, sportfishing access is literally at the front door. Over 50 licensed charter operations run from the harbor. Half-day inshore trips start around $350. Full-day offshore charters targeting marlin run $1,200 to $3,500 depending on boat size and crew. For a deeper look at the fishing scene, read our Sportfishing in Cabo San Lucas guide and deep-sea fishing charter breakdown.

6. Restaurants, Nightlife, and Walkability

The marina district is the most walkable neighborhood in all of Los Cabos. The boardwalk alone hosts dozens of restaurants ranging from casual fish-taco stands to upscale steakhouses and sushi bars. Within a five-minute walk of any marina condo, you have access to:

• Marina boardwalk dining: Solomon's Landing, Baja Lobster, The Office on the Beach, Edith's, Maro's Shrimp House
• Downtown nightlife: Cabo Wabo Cantina, Squid Roe, El Squid Roe, Mandala, Pink Kitty
• Upscale dining: Nick-San (legendary sushi), Lorenzillo's, Ruth's Chris, Sur Beach House
• Shopping: Puerto Paraiso Mall (adjacent to the marina), Luxury Avenue, Marina Fiesta shops

Medano Beach — the only swimmable beach in Cabo San Lucas — is a 10- to 15-minute walk from the marina boardwalk. Grocery shopping is handled by CostCo (15 minutes by car), Soriana, and La Comer, plus several smaller markets within walking distance downtown. For a full neighborhood dining guide, see our best restaurants by neighborhood post.

7. Rental Demand and ROI

Marina condos rank among the highest-performing rental assets in Cabo San Lucas. The combination of waterfront location, walkability, and proximity to the cruise ship tender pier drives consistent occupancy. Short-term rental demand in the Cabo San Lucas market grew approximately 12% year-over-year through 2025, according to regional hospitality data.

Typical rental performance by unit type:

• Studio / hotel-branded unit: $15,000 to $25,000 gross annual income, 65-75% peak-season occupancy
• One-bedroom condo: $25,000 to $45,000 gross, nightly rates $200-$300
• Two-bedroom with marina view: $50,000 to $80,000 gross, nightly rates $300-$450
• Luxury penthouse: $80,000 to $120,000+ gross, nightly rates $500-$900

Net yields after management fees (typically 20-25% of gross), HOA, property tax, and maintenance generally land between 4% and 7% depending on purchase price and occupancy. Hotel-branded units at Marina Fiesta tend to have lower gross but also lower management burden since the hotel handles everything. For a deeper analysis of Cabo rental returns, read our vacation rental income and ROI guide.

8. Cabo Marina vs Puerto Los Cabos Marina

Los Cabos has two marinas, and they serve very different buyer profiles. If you are considering waterfront living, this comparison matters. Read our full Puerto Los Cabos real estate guide for details on the San Jose side.

Feature	Cabo San Lucas Marina	Puerto Los Cabos Marina
Slips	~380	~200
Vibe	Social, active, urban	Quiet, exclusive, resort
Walking to Town	Yes — downtown adjacent	No — 10 min drive to SJD downtown
Nightlife Access	Immediate	Minimal
Sportfishing Fleet	50+ charters	10-15 charters
Condo Pricing	$200K–$2.5M+	$400K–$3M+
Rental Demand	High (tourist volume)	Moderate (longer stays)
Best For	Social owners, rental investors	Privacy seekers, golf-focused buyers

The bottom line: the Cabo Marina is a lifestyle play — you buy here because you want to be in the middle of it. Puerto Los Cabos is a retreat play — you buy there because you want to escape from it. Both are valid strategies depending on your priorities.

9. Community Vibe — Who Lives Here

The marina district attracts a distinctive mix of residents. Unlike gated communities such as Pedregal or Querencia where the lifestyle is private and inward-facing, marina living is outward-facing and social by design. You will share the boardwalk with tourists, fishing crews, yacht owners, and fellow residents.

The typical marina buyer falls into one of three profiles:

1. The snowbird investor: Uses the condo 4-8 weeks per year during winter, rents it the rest. Prioritizes low maintenance and strong rental income.
2. The sportfishing enthusiast: Owns a slip and a condo. Spends 3-6 months per year in Cabo during prime fishing season (October through June). Values dock access over square footage.
3. The full-time expat: Lives in the marina district year-round. Chooses it for the walkability and social scene over the quiet of gated communities. Often a solo retiree or active couple who want to be close to restaurants and activities without driving.

The marina is louder than residential communities — charter boats fire up engines before dawn, and the nightlife carries sound until late. If you value quiet over energy, consider San Jose del Cabo or the Corridor communities instead. But if you moved to Cabo for the action, the marina puts you exactly where it happens.

10. Marina Expansion and Market Outlook

The Cabo San Lucas Marina has seen incremental infrastructure upgrades over the past several years — boardwalk resurfacing, improved lighting, and upgraded utility hookups at dock level. FONATUR and the local API (Port Administration) have studied expansion scenarios that could add 50 to 100 additional slips, though no construction timeline has been finalized as of mid-2026.

What is clear: new residential tower projects are in various planning stages along the marina perimeter. The existing inventory — particularly at the luxury end — is tightly held. Resale turnover at One Marina Place and Three Point Tower is low, which pushes pricing upward. If you are evaluating a marina purchase, the current market favors acting before new supply drives both competition and prices higher.

11. Next Steps

Start by exploring our detailed Marina Cabo San Lucas community page for current listings and neighborhood data. Compare specific developments on their individual pages: One Marina Place, Marina Fiesta, Three Point Tower, and Tesoro Los Cabos.

If you are deciding between the marina and other Cabo neighborhoods, our best areas to buy in Los Cabos guide ranks every community by price, lifestyle, and investment profile. For a broader comparison of the two anchor towns, start with Cabo San Lucas vs San Jose del Cabo.

The marina district is the one place in Cabo where you get waterfront urban living — restaurants out the door, fishing boats at the dock, and Medano Beach sand between your toes in 10 minutes. That combination does not exist anywhere else in Baja. If it matches your lifestyle, move on it.