Palmilla Estates Real Estate
The address where the asking price usually is the price: seven of eleven recorded sales closed at exactly list. But lot values have moved sharply, and the current listings are asking well beyond the last recorded sale.
Where asking price means asking price
Palmilla Estates has recorded eleven sales in three years — four houses and seven homesites — and seven of the eleven closed at exactly the asking price. One closed above it. That is the firmest pricing record of any Palmilla neighborhood.
The land is the more interesting half. Six of the seven lot sales closed at precisely what was asked, and the median lot result was 100.0% of list. But the prices themselves moved: five lots sold between November 2023 and March 2024 at $540,000 to $550,000, then nothing traded for two years, and the two 2026 sales closed at $715,500 and $770,000 — about 40% higher.
Four lots are listed now, from $999,999 to $1,195,000. The cheapest of them asks $229,999 more than the highest price a Palmilla Estates lot has recorded, and 30% above the 2026 level.
- 4 house sales, $11,032,000, from $1,300,000 to $3,395,000
- 7 homesite sales, $4,213,500, from $540,000 to $770,000
- Six of seven lots closed at exactly the asking price
- 3 houses and 4 lots listed now, $15,615,999 in total
Every Palmilla Estates lot sale, in date order
| MLS | Asked | Closed | % of Ask | Date |
|---|---|---|---|---|
| 23-3328 | $543,000 | $543,000 | 100.0% | Nov 2023 |
| 23-3737 | $545,000 | $545,000 | 100.0% | Dec 2023 |
| 23-3329 | $540,000 | $540,000 | 100.0% | Dec 2023 |
| 23-3795 | $550,000 | $550,000 | 100.0% | Feb 2024 |
| 23-4213 | $550,000 | $550,000 | 100.0% | Mar 2024 |
| 26-846 | $790,000 | $770,000 | 97.5% | Apr 2026 |
| 26-3051 | $715,500 | $715,500 | 100.0% | Jul 2026 |
Every recorded homesite sale, Los Cabos MLS, three years to 24 August 2026. Note the two-year gap between March 2024 and April 2026 with no recorded lot transaction.
Four house sales, three houses listed
| MLS | Status | Beds | Built | Asked | Closed | Date |
|---|---|---|---|---|---|---|
| 25-5588 | Listed | 6 | 2021 | $4,500,000 | — | — |
| 26-2737 | Listed | 5 | 2008 | $3,550,000 | — | — |
| 23-5000 | Listed | 5 | 2021 | $3,250,000 | — | — |
| 23-2614 | Sold | 4 | — | $3,495,000 | $3,395,000 | Jan 2024 |
| 24-5270 | Sold | 4 | — | $3,248,000 | $3,350,000 | Mar 2026 |
| 25-5665 | Sold | 4 | — | $2,995,000 | $2,987,000 | Mar 2026 |
| 23-3183 | Sold | 3 | — | $1,300,000 | $1,300,000 | Nov 2023 |
Active and closed listings, Los Cabos MLS, as at 24 August 2026. The March 2026 sale at $3,350,000 closed $102,000 above its asking price.
Four lots, against what lots have closed at
| MLS | Asking | vs $770,000 Lot Record | vs $550,000 Median |
|---|---|---|---|
| 26-1764 | $1,195,000 | +$425,000 | +$645,000 |
| 26-860 | $1,096,000 | +$326,000 | +$546,000 |
| 25-1029 | $1,025,000 | +$255,000 | +$475,000 |
| 26-552 | $999,999 | +$229,999 | +$449,999 |
Active listings, Los Cabos MLS, as at 24 August 2026, totalling $4,315,999. The lot record of $770,000 was set in April 2026, so it is recent evidence, not stale.
Three things worth knowing about Palmilla Estates
Sellers here have historically held their price, and mostly got it. Seven of eleven sales closed at exactly the asking price and one closed above. If a Palmilla Estates seller says the price is the price, the record backs them up more than it does anywhere else in Palmilla. Budget accordingly rather than assuming a ten per cent concession.
But the current lot asks are not backed by that record. All four listed lots ask more than any Palmilla Estates lot has closed at, by between $229,999 and $425,000. The neighborhood's pattern of closing at exactly the asking price is what makes this worth checking carefully — it means a stretched asking price here may simply not trade rather than quietly correcting.
Lot values genuinely moved between 2024 and 2026. Five sales at $540,000 to $550,000 through March 2024, then $715,500 and $770,000 in 2026. That is real appreciation, not a pricing quirk, and it is the strongest argument for the current asks. Whether it justifies another 30% on top of the 2026 figures is the question to put to the listing agent.
Ask about Palmilla Estates availability
Including anything quietly for sale that has not reached the MLS.
Compare Palmilla Estates to the rest of Palmilla
Eleven neighborhoods, from $965,000 condominiums to $24.95 million estates.