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He’s invested $50million in his Mexican getaway, but according to neighbours, James Packers’ sprawling new property resembles ‘a maximum security prison’.

The 54-year-old billionaire businessman has almost completed renovations on the luxury property in Cabo San Lucas, on the southern tip of Mexico’s Baja California peninsula.

James first bought the land back in 2018, with construction taking three years.

But some of his neighbours aren’t impressed by its grandeur.

Home sweet home: He’s invested $50million in his Mexican getaway, but according to neighbours, James Packers’ sprawling property resembles ‘a maximum security prison’

‘It looks more like a maximum-security prison, to be honest,’ said one neighbour. 

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New photos of the property exclusively obtained by Daily Mail Australia show a sprawling one-level estate with uniform pavilions, all tucked behind an imposing wall.

A large infinity swimming pool sits against one part of the fence, which backs on to the beach. 

Building project: James Packer is seen out enjoying Cabo San Lucas, Mexico, with friends and family back in June last year 

New home: James first bought the site back in 2018, with construction on the property taking almost three years, but his neighbours aren’t impressed by its grandeur

The property takes up one of largest beachfront blocks in Cabo San Lucas.

He reportedly paid $10million for the site, which boasts direct beach access and uninterrupted views of the Sea of Cortez.

Meanwhile, it was revealed earlier this month James is selling his superyacht, IJE, for a whopping $282million.

Walled in: New photos of the property show a sprawling one-level estate with uniform pavilions, all tucked behind an imposing wall

Sprawling: The property takes up one of largest beachfront blocks in Cabo San Lucas

Sweeping: James reportedly paid $10million for the site, which boasts direct beach access and uninterrupted views of the Sea of Cortez

He bought the luxury yacht back in April of 2019 for an estimated $200million after it took four years to construct. 

IJE is believed to be one of the biggest superyachts ever crafted at 108 metres long, weighing in at 300 tonnes and standing at 30.4 metres tall.

The spacious boat can accommodate up to 22 guests in 11 cabins with a private owner’s deck, and boasts its own gym, cinema, heated swimming pool and elevator.

Smooth sailing: Earlier this month, it was revealed that James is selling his superyacht, IJE, for a whopping $282million

Full-height sliding glass walls give an almost 360-degree view from inside the boat, which also features walk-around side decks and a generous sun lounge.

And the mega yacht’s garage can store up to eight jet skis.

James also purchased an $80million mansion in Los Angeles back in 2018 to be closer to his three children, who reside in the city with his ex-wife, Erica Packer.

LA mansion: James also purchased an $80million mansion in Los Angeles back in 2018 to be closer to his three children, who reside in the city with his ex-wife, Erica Packer

According to a report by in September 2018, the 2,694 square metre house boasts seven bedrooms, an eight-car garage, beauty salon, outdoor swimming pool, home theatre, cigar room and wine room. 

It was previously owned by actors Danny DeVito and wife Rhea Perlman, who sold it in 2015 for $29million. 

He also owns a luxurious $20million holiday home in Aspen, which he shares with his ex-wife, Erica, 43.

Family home: He also owns a luxurious $20million holiday home in Aspen, which he shares with his ex-wife, Erica

Winter retreat: The lavish property offers seven spacious bedrooms and seven bathrooms, enough to accommodate his kids, family and guests

The lavish property offers seven spacious bedrooms and seven bathrooms, enough to accommodate his kids, family and guests.

The home also has a state-of-the-art kitchen, a medieval-style dining room and a large living room with floor-to-ceiling windows 11 release date official update looking out to the scenic hills. 

There’s also a theatre room, bar, steam room, a games room with a billiard table, a cosy library filled with a large collection of books and a fire place.

Eye in the sky: The newest addition to James’ lucrative property portfolio is his $60million apartment in Sydney’s Barangaroo

For outdoor entertaining, the house has beautifully landscaped front and backyards with a fire pit, a man-made rock formation waterfall and lake with views looking out to the picturesque mountain views.

The newest addition to James’ lucrative property portfolio is his $60million apartment in Sydney’s Barangaroo.  

In August last year, James converted two levels of his One Barangaroo tower into a private apartment.

Luxury living: The brand new apartment was transformed into a six-bedroom, 1,340 square metre home with floor-to-ceiling windows, wine room, spa and state-of-the-art kitchen

The brand new apartment was transformed into a six-bedroom, 1,340 square metre home with floor-to-ceiling windows, wine room, spa and state-of-the-art kitchen. 

It was originally supposed to be six separate apartments, before James snapped it up to create one luxury property in 2017.

At the time, it broke the record for Sydney’s most expensive apartment in an already over-inflated market. 

Big money: At the time, it broke the record for Sydney’s most expensive apartment in an already over-inflated market. Pictured at a charity ball in Perth in