Baja Property Index

La Paz Real Estate

The La Paz Real Estate Market

La Paz is the capital of Baja California Sur, set on the calm waters of the Gulf of California (Sea of Cortez) about two hours north of Los Cabos. It trades the resort intensity of Cabo for a more authentic, year-round Mexican city — a working waterfront, a celebrated malecón, and easy access to world-class diving and the islands of Espíritu Santo. That mix has made it a quietly growing market for buyers and renters from the U.S. and Canada, and listings aimed at foreign buyers are often quoted in U.S. dollars. Because the city sits inside Mexico’s “restricted zone” (within 50 km of the coast), foreign buyers typically hold property through a bank trust called a fideicomiso or through a Mexican corporation.

Demand splits into two clear lanes. Long-term rentals serve a well-established community of expats, retirees, remote workers, and the sailing crowd who base out of La Paz’s marinas — usually furnished, on 6- to 12-month leases. Short-term vacation rentals follow the area’s eco- and adventure-tourism calendar, with peak demand from roughly November through April and a strong draw during whale shark season; well-placed condos near the Malecón, the marinas, and Balandra-adjacent neighborhoods can post solid nightly returns. Most owners who rent short-term lean on a local property manager to handle bookings, cleaning, guest services, and lodging-tax compliance.

  • Foreign ownership: coastal property is held via a fideicomiso (bank trust) or Mexican corporation.
  • Pricing: foreign-facing listings are often quoted in USD; overall the market is generally more affordable than Los Cabos.
  • High season: roughly November–April drives peak rental demand, overlapping with whale shark season.
  • Sought-after areas: El Centro & the Malecón, Marina de La Paz & CostaBaja, Pedregal de La Paz, El Mogote, and Fidepaz.
  • Budget for: HOA/condo dues, property management (often ~20–30% for full-service short-term), and closing costs (~5–7%).

General overview only — confirm current figures, taxes, and regulations with a licensed local agent or attorney.

Balandra Beach near La Paz, Baja California Sur

Property Managers

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Long Term Rentals

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Short Term Rentals

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New Development

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