Michael Schwab, son of billionaire investor Charles Schwab, is developing a breathtaking surf community along Mexico's Pacific coast. The Cabo Real Surf Club promises world-class waves and luxury living, and it's already catching the eye of top talent.
Rising surf star and professional surfer, Erin Brooks has forked out for an abode alongside the incredible new Endless Surf wave basin - the first of its kind in North America - in investment firm Meriwether Companies' brand-new Cabo Real Surf Club.
Based in Los Cabos, Mexico, there is a 2026 opening date on the brand-new community, and Schwab, who is a partner in the development through Meriwether Companies - admitted 17-year-old Erin was drawn to the new venture because she wants to be able to "surf every day no matter what".
He told Realtor.com: "She wants a place to live in a warm climate, where she can surf every day no matter what." Erin admitted Cabo Real Surf Club is ideal for her "surf-focused lifestyle", especially the "world-class wave pool".
She explained: "The private, world-class wave pool is a game changer; and the fitness center, beach club, tennis courts, and golf course provide everything I need to stay in peak shape, elevate my surfing, and make the most of every day."
The new Endless Surf wave basin, which has set Michael and co back around $35 million, will be 800ft in length and four acres.
What's more, there will be different levels of waves in the basin for beginners and experts, depending on how experienced someone is at riding the waves.He said: "Some waves will start in the center, some from the side. "We'll have full waves. Some will be point breaks."
While Michael, a keen surfer himself, is pleased with Brooks' purchase, he admitted the target market isn't actually professional surfers - it is families and "aspirational surfers".
He explained: "The market is not the pro surfers. "The market is the aspirational surfers. When you get that family there, their minds are blown. And their surfing life has begun."
At the time of writing, around 20 per cent of the homes have been sold, which equates to $60 million - and Michael has forked out for one, too.