The Los Cabos City Council has unanimously approved the master plan for Punta Nayu, a $116 million integrated tourist development that will span 558 hectares (about 1,380 acres) near San Cristóbal Beach. The project, financed by Banco Mifel, is one of the largest resort developments to move forward in southern Baja California Sur in recent years.
The Punta Nayu resort plan calls for 1,499 residential units and 2,891 hotel rooms built out over 25 years. Amenities will include two golf courses, beach clubs, recreational parks, a golf clubhouse, botanical gardens, sports facilities, and wellness areas. The development is designed as a low-density project spread across its large footprint.
Public Beach Access Required in First Phase
The council attached a key condition to its approval: the developer must guarantee permanent, free public access to San Cristóbal Beach. That requirement includes a paved access road, parking, restrooms, showers, and palapas. All of these public facilities must be completed during the first phase of construction, before the resort opens its doors to guests.
San Cristóbal Beach sits along the Pacific coast in the Los Cabos municipality. Under Mexican federal law, all beaches are public property, but in practice, large developments can make access difficult by controlling surrounding land. The council’s condition is meant to prevent that outcome at Punta Nayu.
SEMARNAT Review Still Underway
Mexico’s Ministry of Environment and Natural Resources (SEMARNAT) launched a separate public consultation process for the project on May 27, 2026. That federal environmental review runs on its own timeline and could impose additional conditions or modifications. The city council’s approval covers the master plan at the municipal level, but the project will also need to clear SEMARNAT’s process before construction begins.
The 25-year buildout timeline means the resort will take shape gradually. For comparison, the Los Cabos corridor between San José del Cabo and Cabo San Lucas has seen steady resort growth over the past three decades, but few single projects have matched Punta Nayu’s planned scale.
Banco Mifel, the project’s financial backer, is a mid-sized Mexican bank headquartered in Mexico City with a history of financing tourism and real estate developments. The total investment of $116 million USD will cover all phases of construction across the site.
This story was first reported by HOY BCS and the Gringo Gazette.