Las Terrazas is a neighbourhood of Diamante. Homes along El Cardonal with ocean views β a well-traded section whose HOA is not yet finalised. Assessments run Not yet finalised a year as of 9 September 2026.
| Closed sales | 22 five years |
|---|---|
| Closed band | $1.80M β $2.45M five years |
| HOA status | Not yet finalised verify in writing |
Fee and market evidence current to 9 September 2026. Verify all figures with the association at the time of purchase.
About Las Terrazas
Las Terrazas is three- to five-bedroom single-family homes along the El Cardonal Golf Course, with ocean views. Twenty-two closings in five years between $1.80M and $2.45M β a genuinely tight band β with four active now from $2.64M to $3.50M, which is a clear step up from the closed record.
Houses run roughly 3,730 to 4,020 sq ft, median about 3,730. Consistent product, consistent pricing.
One thing belongs at the front. This section of Diamante is still in early development and a formal HOA has not yet been finalised β community governance, fees and guidelines were not settled as of that listing. That explains why the dues record here is thin and variable, and it is the single most important thing to verify before you buy.
What trades here
Product
Three- to five-bedroom single-family homes along El Cardonal with ocean views, plus a single homesite closing at $850,000. Lots are sold with full architectural design sets and built by Diamante's on-site construction team.
Market snapshot
| Product | Active asking range | Active | Closed, 5 years | Sales | Closed, last 24 months | Sales |
|---|---|---|---|---|---|---|
| Homes | $2.64M β $3.50M | 4 | $1.80M β $2.45M | 22 | β | 0 |
| Homesites | No active listings | 0 | $850K β $850K | 1 | β | 0 |
Source: Flexmls (BCS MLS), all statuses, rolling five years to 9 September 2026, de-duplicated.
What it costs to hold
Sub-community assessment β and a caution
Two current records at $850 a month annualise to $10,200. A 2022 record at $600 a month is stale, and three further records at $600 and $800 carry no billing frequency.
Read that band against the governance position. The formal HOA for this section has not been finalised, and fees and guidelines were still to be settled. A figure quoted today may be an interim developer charge rather than a settled assessment. Ask for the current governing document and the budget behind the number β not just the number.
How Diamante bills
The only billing mechanics found anywhere: dues are in US dollars, with a 5% discount if paid annually before 15 March, or four instalments due 15 March, 15 April, 15 July and 15 October. Confirm it still applies to your section.
Golf β a $100,000 initiation, often already paid
The Diamante Golf Club covers the Davis Love III Dunes Course, the Tiger Woods El Cardonal (PGA Tour host since 2023) and the Oasis twelve-hole par-three. Initiation is stated in MLS as $100,000, and many listings advertise it as included in the price. Annual dues are not published β nor are the resale conveyance terms. Whether the seller's membership transfers, and on what basis, is the most valuable question to ask before you offer.
Also budget for
- Annual bank trust (fideicomiso) fee
- Acquisition tax and closing costs
- Golf dues β amount not published
What is not published
Currency. The MLS has no currency field, and Diamante agents enter pesos and dollars in the same column β one Golf Villa record shows 83,333 per month, one Beach Estates record 65,638. Neither is dollars. Ask for a current estado de cuenta rather than working from the MLS dues field.
Golf dues, pets, rentals, design rules. Annual golf dues and resale membership conveyance are not published. No formal pet policy appears in the MLS or on Diamante's site. Rentals are clearly permitted, with housekeeping and rental services offered, but no minimum stay, cap or licensing requirement is documented. CC&Rs exist; their content is not published.
One marketing claim to discount. A listing states that "no additional homes will ever be built on Diamante's golf courses". No source supports that, and it is not in any recorded instrument we have seen. Do not buy a view on it.
Who Las Terrazas suits
Las Terrazas suits a buyer who wants a consistent, well-comparable home on the Tiger Woods course and who will do the governance homework. Twenty-two closings in a $650,000 band is excellent evidence of value. The unsettled HOA is not a reason to walk β it is a reason to get the current position in writing and to price the uncertainty.
Common questions
What are the HOA fees in Las Terrazas?
Two current records at $850 a month annualise to $10,200. A 2022 record at $600 a month is stale, and three further records at $600 and $800 carry no billing frequency.
Read that band against the governance position. The formal HOA for this section has not been finalised, and fees and guidelines were still to be settled. A figure quoted today may be an interim developer charge rather than a settled assessment. Ask for the current governing document and the budget behind the number β not just the number.
The only billing mechanics found anywhere: dues are in US dollars, with a 5% discount if paid annually before 15 March, or four instalments due 15 March, 15 April, 15 July and 15 October. Confirm it still applies to your section.
Does buying in Las Terrazas include club membership?
The Diamante Golf Club covers the Davis Love III Dunes Course, the Tiger Woods El Cardonal (PGA Tour host since 2023) and the Oasis twelve-hole par-three. Initiation is stated in MLS as $100,000, and many listings advertise it as included in the price. Annual dues are not published β nor are the resale conveyance terms. Whether the seller's membership transfers, and on what basis, is the most valuable question to ask before you offer.
- Annual bank trust (fideicomiso) fee
- Acquisition tax and closing costs
- Golf dues β amount not published
What kind of property is in Las Terrazas?
Three- to five-bedroom single-family homes along El Cardonal with ocean views, plus a single homesite closing at $850,000. Lots are sold with full architectural design sets and built by Diamante's on-site construction team.
What is not published about Las Terrazas?
Currency. The MLS has no currency field, and Diamante agents enter pesos and dollars in the same column β one Golf Villa record shows 83,333 per month, one Beach Estates record 65,638. Neither is dollars. Ask for a current estado de cuenta rather than working from the MLS dues field.
Golf dues, pets, rentals, design rules. Annual golf dues and resale membership conveyance are not published. No formal pet policy appears in the MLS or on Diamante's site. Rentals are clearly permitted, with housekeeping and rental services offered, but no minimum stay, cap or licensing requirement is documented. CC&Rs exist; their content is not published.
One marketing claim to discount. A listing states that "no additional homes will ever be built on Diamante's golf courses". No source supports that, and it is not in any recorded instrument we have seen. Do not buy a view on it.
The full Las Terrazas buyer guide β 5 pages covering fees, memberships, what is unpublished and the five-year transaction record β is available on request. Ask James for a copy.
About these figures. They were current as of 9 September 2026 and are drawn from listing disclosures and public sources rather than official association or club documents. Verify with the relevant association, club or developer before you rely on them. Market data derived in part from the Baja California Sur MLS (Flexmls), all statuses, rolling five years, de-duplicated. Deemed reliable but not guaranteed. Full site disclaimer below.
