3-Bedroom Luxury Condo for Sale in Pedregal, Cabo San Lucas — Monteluna Unit 203, Fully Furnished, $699,000

3-Bedroom Luxury Condo for Sale in Pedregal, Cabo San Lucas — Monteluna Unit 203, Fully Furnished, $699,000

A brand-new, designer-furnished residence at one of Pedregal's most amenity-rich buildings — private terrace with panoramic city, mountain, and coastline views, steps from Cabo San Lucas's most iconic neighborhood.

There is a very specific kind of property that rarely stays available in Pedregal: one that is brand new, completely furnished, genuinely move-in ready on day one, and positioned in a building with resort-scale amenities. Monteluna Unit 203 is exactly that — a 3-bedroom, 2,168-square-foot luxury condo completed in 2025 and offered at $699,000, fully furnished, with views that capture the Cabo San Lucas skyline, the mountains behind it, and the coastline below.

Pedregal is not a community that ever needs an introduction to serious Cabo buyers. It is the original prestige address — gated, hillside, architecturally varied, and occupying a position above the marina district that has made it Cabo San Lucas's benchmark luxury neighborhood for decades. 

What does Monteluna Unit 203 offer in terms of layout and finishes?

At 2,168 square feet across three bedrooms, Unit 203 is built for real living — not the compressed, efficiency-minded footprints common in newer Cabo developments. The open-concept kitchen and living area anchors the residence, with high-end finishes throughout that signal a level of construction and specification beyond the building's price point. The primary suite is designed as a genuine retreat: proportioned for a king bed configuration, finished with quality materials, and connected to a bathroom that matches the quality of the rest of the unit.

The unit is delivered fully furnished with designer-selected pieces — not generic placeholder furniture, but a complete, curated interior that photographs well, rents well, and lives comfortably. The private terrace is the defining outdoor space of this unit. Facing out over Pedregal's hillside terrain, it captures a three-axis view that is rare even in this neighborhood: city lights and the marina district below, the ridge and mountains behind Cabo San Lucas, and the coastline where the Pacific meets the Sea of Cortez in the distance. At golden hour, this terrace is the room that makes the purchase make complete sense.

What amenities does Monteluna provide for residents and guests?

Monteluna is one of the most comprehensively amenitized residential buildings in Pedregal — a meaningful distinction in a neighborhood where most comparable properties are standalone homes with private pools but no shared infrastructure. The building offers a resort-style pool and jacuzzi, a fully equipped gym, a sauna, a dedicated massage room, and both tennis and pickleball courts. 

For rental operators, the amenity package is a direct driver of nightly rate and occupancy. 

What does it mean to own property in Pedregal, Cabo San Lucas?

Pedregal de Cabo San Lucas is the original benchmark for luxury residential living in the region. Its hillside position creates natural separation from the commercial density of downtown Cabo while keeping residents within walking distance of the marina, the Sea of Cortez beach clubs, and the dining and nightlife scene along the marina strip.

The semi-private beach access available to Pedregal residents is a practical luxury that reinforces this. 

Who is Monteluna 203 the right property for?

🏠  The Full-Time or Semi-Permanent Resident

For buyers relocating to Cabo San Lucas full-time or semi-permanently — a growing segment driven by remote work flexibility and Mexico's NOM-030 temporary or permanent residency programs — Unit 203 offers something difficult to find: a completely move-in-ready, high-quality home in Cabo's most established neighborhood, with building infrastructure (gym, pool, security) that removes the friction of daily life management. The 2,168-square-foot footprint gives real living room for a primary residence lifestyle. The fully furnished delivery means day one feels like month six.

✈️  The Seasonal Second-Home Buyer

Buyers using the property for two to four months per year need a home that takes care of itself when they are not there and is ready to receive them the moment they arrive. Monteluna's building management, 24/7 security, and fully furnished delivery address the first requirement directly. The designer furnishings address the second. There are no shipping delays, no furniture sourcing headaches, and no arrival-day setup tasks. You land in Cabo, clear customs, and the home is ready. For seasonal buyers, turnkey delivery is not a convenience — it is a structural requirement.

📈  The Short-Term Rental Investor

Unit 203 is positioned to generate strong short-term rental income. The combination of Pedregal's desirability, Monteluna's amenity package (pool, jacuzzi, gym, sauna, tennis/pickleball), 3-bedroom layout for group bookings, fully furnished delivery, and panoramic terrace views are the exact criteria that drive premium ADR (average daily rate) on platforms serving the Cabo vacation rental market. Three-bedroom luxury units in Pedregal with resort amenities and move-in-ready furnishings represent a limited, high-demand inventory category. Buyers acquiring this unit as an investment asset are entering a segment with structural supply constraints.

💰  The Appreciation and Wealth Preservation Buyer

Pedregal has appreciated consistently over three decades and new construction within the neighborhood is genuinely limited — the hillside geography constrains supply in a way that demand cannot override. A 2025-built unit in one of Pedregal's newest buildings, at approximately $322 per square foot, represents a competitive entry point relative to the trajectory of Cabo luxury real estate broadly and Pedregal specifically. For buyers who view real estate as a USD-denominated asset held within a Mexican bank trust (fideicomiso), Unit 203 offers the combination of location permanence, building quality, and rental income optionality that defines a durable wealth preservation vehicle.

🌅  The Lifestyle Upgrade Buyer Already in Cabo

For buyers already in the Los Cabos market — in an older unit, a smaller building, or a location without Pedregal's neighborhood character — Unit 203 represents a clear step up. The 2025 build year means modern infrastructure, current electrical and plumbing standards, no deferred maintenance risk, and a structural warranty that older Cabo properties cannot offer. The building amenity package at Monteluna is broader than most older Pedregal buildings. And the fully furnished delivery removes the typical upgrade friction of coordinating a simultaneous sale and furnishing project.

"New construction in Pedregal with a full amenity building, completely furnished, at $322 per square foot. The combination of location and build quality at this price is a narrow window."

What does the purchase process look like for a foreign buyer at Monteluna?

Foreign nationals — including U.S. and Canadian citizens — purchase property in Pedregal through a fideicomiso, a Mexican bank trust that holds the property title and grants the foreign buyer all rights of ownership: the right to use, rent, sell, will, or otherwise transfer the asset. The fideicomiso is established through a Mexican notario publico (a government-certified notary with significant legal authority in Mexico) and requires no ongoing Mexican residency or special permits beyond the trust documentation. Annual fideicomiso maintenance fees (typically $500–$800 USD per year, paid to the trustee bank) are the primary ongoing cost specific to foreign ownership. All other carrying costs — HOA fees, utilities, property taxes — apply to all owners regardless of nationality and are straightforward to manage remotely through Pedregal's established building management infrastructure.

Frequently Asked Questions — Monteluna 203, Pedregal, Cabo San Lucas

What is the asking price for Monteluna Unit 203?

The current asking price is $699,000 USD. The unit is listed at MLS 26-3890 through Outliance Real Estate 

Is the unit sold furnished?

Yes. Unit 203 is delivered fully furnished with designer-selected pieces and is completely turnkey. No additional furnishing, staging, or setup is required after closing. The property is ready for immediate occupancy or rental from the date of possession.

Schedule a Private Showing with Outliance Real Estate

Monteluna Unit 203 is listed exclusively by Outliance Real Estate. To schedule a private showing, request building access,  or discuss the property in detail before visiting, contact the Outliance Real Estate team directly. All inquiries are handled personally by Jesus Valenzuela, or Gaby Lopez — the agents who know this listing and Pedregal's market at the transaction level.

From Palmilla’s oceanfront villas to homes in Querencia, Pedregal, Cabo del Sol and Puerto Los Cabos. Outliance Real Estate unlocks top-tier access to the most prestigious addresses in Los Cabos. Recognized by HGTV’s House Hunters International and Forbes México, founders Jesus Valenzuela and Gaby López are known for delivering a best-in-class luxury experience. Whether you’re purchasing a dream home or a high-performing investment, trust the top experts in Baja real estate. Start your search at Outliance.com and follow us on Instagram @OutlianceRealEstate for exclusive listings, videos, and behind-the-scenes insights.