While Charles Schwab earned fame—and billions—by transforming the brokerage industry, his son is carving a different path: creating a surfing haven along Mexico’s coast.
Michael Schwab, through his private real estate firm Meriwether Companies, is helping develop the Cabo Real Surf Club in Los Cabos, Mexico, slated to open in 2026. The centerpiece of the project will be North America's first Endless Surf wave basin—a 4-acre, 800-foot-long pool designed to deliver a premier surfing experience.
“There are only a few wave basins around the globe,” says Schwab. “But this isn’t your typical splash pool.” The waves will reach up to 7 feet and offer rides as long as 25 seconds.
The basin is designed to deliver up to 400 customizable waves every hour—ranging from gentle swells for beginners to powerful barrels that would challenge even professional surfers—all for the roughly 200 families set to reside in luxury homes within the expansive 3,000-acre master-planned community.
ALSO READ: Is Trump targeting Harvard because the elite university rejected his youngest son Barron? What you need to know
Its appeal is so strong that 17-year-old surfing prodigy Erin Brooks has already purchased a home along its shores.
"She wants a place to live in a warm climate, where she can surf every day no matter what," Schwab tells Realtor.com®.
Brooks adds that she chose to buy a home at the Cabo Real Surf club because it offers "the ultimate amenities" for her "surf-focused lifestyle."
"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," she says.
At Cabo Real Surf Club, the basin alone came with a price tag of around $35 million.
Unlike the unpredictable ocean—where surfers often contend with no waves, crowded lineups, flying boards, and even the occasional shark—wave basins can reliably deliver perfect, customizable waves every time.
ALSO READ: Did Harvard reject Barron Trump? Truth behind his college choice has sparks buzz online
“It’s just more fun this way,” says Schwab, 49. “You don’t have to share the wave—it's just yours.” While pro surfers like Brooks might find Cabo Real a dream destination, the community was designed with everyday families in mind—catering to everyone from the seasoned surfer chasing barrels to beginners learning on gentle “ankle biters.”
“The target isn’t pro surfers,” Schwab explains. “It’s the dreamers—the aspirational surfers. When families visit and see what’s possible, it blows their minds. That’s when their surfing journey truly begins.”
Surf sessions in the basin will be scheduled by skill level, with designated hours for beginners, experts, and everyone in between. “Some waves will break from the center, others from the sides. We’ll have everything from full waves to point breaks,” Schwab says.
To date, more than $60 million—or 20 percent—of the club’s real estate offerings have been sold. Land lots start at $1 million, with customizable homes reaching up to $8 million. Surf casitas begin in the mid-$2 million range, while boardwalk homes along the basin are priced between $4 million and $6 million. Over half of the homes in "phase 1" have already been purchased.
A lifelong surfer himself, Schwab has secured a two-story boardwalk home overlooking the basin—and yes, he paid full price.
Michael Schwab, through his private real estate firm Meriwether Companies, is helping develop the Cabo Real Surf Club in Los Cabos, Mexico, slated to open in 2026. The centerpiece of the project will be North America's first Endless Surf wave basin—a 4-acre, 800-foot-long pool designed to deliver a premier surfing experience.
“There are only a few wave basins around the globe,” says Schwab. “But this isn’t your typical splash pool.” The waves will reach up to 7 feet and offer rides as long as 25 seconds.
The basin is designed to deliver up to 400 customizable waves every hour—ranging from gentle swells for beginners to powerful barrels that would challenge even professional surfers—all for the roughly 200 families set to reside in luxury homes within the expansive 3,000-acre master-planned community.
ALSO READ: Is Trump targeting Harvard because the elite university rejected his youngest son Barron? What you need to know
Its appeal is so strong that 17-year-old surfing prodigy Erin Brooks has already purchased a home along its shores.
"She wants a place to live in a warm climate, where she can surf every day no matter what," Schwab tells Realtor.com®.
Brooks adds that she chose to buy a home at the Cabo Real Surf club because it offers "the ultimate amenities" for her "surf-focused lifestyle."
"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," she says.
How does the wave basin work?
A wave basin offers the thrill of surfing or bodyboarding in a controlled, man-made setting. Using a caisson system driven by 250-horsepower motors, the technology generates surfable waves across a lake-like basin. Several companies now specialize in this wave-making technology.At Cabo Real Surf Club, the basin alone came with a price tag of around $35 million.
Unlike the unpredictable ocean—where surfers often contend with no waves, crowded lineups, flying boards, and even the occasional shark—wave basins can reliably deliver perfect, customizable waves every time.
ALSO READ: Did Harvard reject Barron Trump? Truth behind his college choice has sparks buzz online
“It’s just more fun this way,” says Schwab, 49. “You don’t have to share the wave—it's just yours.” While pro surfers like Brooks might find Cabo Real a dream destination, the community was designed with everyday families in mind—catering to everyone from the seasoned surfer chasing barrels to beginners learning on gentle “ankle biters.”
“The target isn’t pro surfers,” Schwab explains. “It’s the dreamers—the aspirational surfers. When families visit and see what’s possible, it blows their minds. That’s when their surfing journey truly begins.”
Surf sessions in the basin will be scheduled by skill level, with designated hours for beginners, experts, and everyone in between. “Some waves will break from the center, others from the sides. We’ll have everything from full waves to point breaks,” Schwab says.
To date, more than $60 million—or 20 percent—of the club’s real estate offerings have been sold. Land lots start at $1 million, with customizable homes reaching up to $8 million. Surf casitas begin in the mid-$2 million range, while boardwalk homes along the basin are priced between $4 million and $6 million. Over half of the homes in "phase 1" have already been purchased.
A lifelong surfer himself, Schwab has secured a two-story boardwalk home overlooking the basin—and yes, he paid full price.
