How do you describe Esperanza?
Esperanza is a luxury hotel, spa and Private Residence Club located within Punta Ballena, one of the most exclusive resort communities in Los Cabos. Esperanza is a stunning addition to the Auberge Resorts portfolio and features a small luxury hotel with 50 graciously appointed casitas, six luxury suites and 60 two, three, and four bedroom Residences. Other world-class amenities include oceanfront restaurants offering inspired gourmet cuisine, a fitness center and yoga studio, a full-service spa, a Members Club Room, oceanfront infinity-edged pools and extraordinary services and amenities provided by the attentive Auberge staff.
Where is Esperanza?
Esperanza is located on a secluded stretch of coastline four miles from Cabo San Lucas, on the tip of the California Baja Peninsula overlooking the Sea of Cortez. Differentiated from mainland Mexico, Baja is the southern extension of California. This ideally situated resort terraces into the magnificent bluffs of Punta Ballena (Whale Point) above two exquisite coves. At Esperanza you will find the comforts of fine American services and amenities, yet experience the authentic and gracious character of Mexico.
THE RESIDENCES AT ESPERANZA
What are The Residences at Esperanza?
Owned exclusively by its Members, The Residences consists of 60 beautifully appointed two, three, and four-bedroom villas. The architecture reflects the region's Mexican style with palapa roofs, earth-tone walls, and terra cotta stone. The richly appointed residences feature handcrafted furnishings, local artwork, limestone floors, gourmet kitchens and spacious baths. All of the residences offer expansive views; outdoor patios and floor-to-ceiling glass doors that disappear into the walls to provide outside living in the wonderful tropical air. The Residences at Esperanza offer the opportunity to own a second home without the hassle. It's the best of both worlds, the services and amenities of a world-class resort matched with maintenance-free ownership in a seaside vacation residence.
What are the advantages of Membership in a Private Residence Club?
Ownership in a true Private Residence Club, like The Residences at Esperanza, afford the Members all the benefits of owning a vacation property of the highest quality for a fraction of the price you would expect to pay. Ownership at The Residences eliminates all of the hassles that are associated with owning a vacation home and provides you with the services and amenities only found in the finest resorts. Since there are only a limited number of Memberships available, you have the opportunity to use your vacation home as often as you like.
Is ownership of The Residences at Esperanza different than what is commonly referred to as a timeshare purchase?
Yes. Timeshare is typically characterized by ownership with a very large group of people. Most often, there are 52 weeks that are sold to 52 different people for each unit, in which purchasers own the right to use a specific week. The Residences at Esperanza offers a very exclusive Membership that allows you to select the time you want to visit each year. And, you may use your Club as often as you desire at no additional cost regardless of how often you may visit.
OWNING REAL ESTATE IN MEXICO
Is owning real estate in Mexico similar to owning real estate in the United States?
Yes. A fideicomiso, pronounced "FEE-DAY-E-CO-ME-SO", is a means by which non-Mexican nationals own property in the Mexican restricted zone, which is any land or property located within 64 miles of the border or 31 miles of the Mexican coastline. Under Mexican fideicomiso law, ownership of your property is a contractual arrangement that functions exactly like a trust typically held in the United States for estate planning and other purposes. The beneficiaries of the fideicomiso retain all the exclusive rights to rent, sell, or otherwise use the property as they see fit. Contrary to the commonly held misconception, a Mexican fideicomiso is not a lease; it is a form of ownership in which real property is transferred into a fideicomiso for the benefit of the owner or beneficiary.
Is title insurance offered on land and property held in a fideicomiso?
Yes. In fact, the developer owns a $61 million dollar policy on the 17-acre tract of land in which Esperanza exists. Additionally, title insurance for each Membership is part of the purchase and is paid for by the developer. Stewart Title Guarantee Company in Houston, Texas issues the title policy and it provides the same extensive title coverage one would expect on any property in the United States.
USING MY MEMBERSHIP
How often may I use my Membership in The Residences at Esperanza?
Your membership at The Residences at Esperanza allows you to come as often as you like - your use is unlimited. Our concept allows you to enjoy your vacation home for a guaranteed minimum of four weeks each year during the prime season (October through June). If you are fortunate enough to have even more time to spend at your vacation home, the Club can accommodate you on a space-available basis with no cap on your length of stay.
What happens if my schedule changes and I cannot make my planned weeks?
If you are not able to use your planned weeks you can send family or friends to stay in your absence. You may also submit two of your planned weeks to the Auberge Hotel rental program. The rental program provides Members with 60% of the net revenues generated from the rental of your residence.
Can I use more than one residence at a time?
Yes. Membership at The Residences at Esperanza allows you to utilize more than one residence at a time. A Member needs only to comply with the Use Agreement to accomplish booking additional villas for the same week. The only fees incurred for additional units that are not booked as guaranteed weeks are housekeeping and transportation charges.
Is there an exchange program at other properties established for Members at Esperanza?
Yes. You are provided with the exclusive benefit to trade your planned vacation weeks at Esperanza with owners at the other luxury resorts within Timbers Collection via Timbers Reciprocity Program. For more information about Timbers Reciprocity Program and each of the properties that make up Timbers Collecion, visit www.timberscollection.com/trp. Additionally, owners can also exchange with one of Auberge Resorts clubs, Calistoga Ranch in Napa Valley, CA.
What are the annual Membership dues at Esperanza?
The Membership dues at Esperanza are estimated at $9,800 for 2/3 bedroom, $17,174 for four bedroom, $20,800 for ocean front suites and $3,000 - $3,600 for fixed weeks. The annual dues cover all maintenance and upkeep, maid services, utilities, insurance, property taxes, and trustee fees.
What other expenses will I incur as a Member at Esperanza?
There are no additional fees for using a two-bedroom villa. There is a housekeeping fee of $250 per week in a three and four-bedroom villa.
AMENITIES & SERVICES
What amenities and services are available as a Member of The Residences at Esperanza?
Amenities for Esperanza Members include: on site full concierge services, pre-arrival shopping, in-residence dining and room service, daily maid service, airport transportation, personal year-round storage, a luxurious world-class spa, a complete fitness center and yoga classes, exquisite sea-side restaurant, La Terraza Americana Casual Dining, poolside Palapa Bar and Grill and two swim up bars, a Members Club Room, Shopping and Spa boutique, a private beach and three breathtaking infinity styled pools.
How do I find out more about becoming a Member of The Residences at Esperanza?
Please contact our Member Representatives, toll free at 877-615-7187.