For sale

Condo for Sale in Playa del Carmen

Playa del Carmen

$650,000 USD

Listed 1 day ago

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Description

Standing on the beautiful blue waters of the Caribbean Sea in Playa del Carmen, is this magnificent condo-hotel development, with a beautifully remodeled and unique apartment, outside the rental pool. The Fives in Playa del Carmen is the ideal place for your investment. Easily accessible by air or land and only a few minutes away, you can enjoy theme parks, golf courses, crystal clear cenotes, nightlife, and countless cultural attractions. Can you imagine living in a hotel? At The Fives on the beach, it is possible! in this apartment with 3 bedrooms and 3 and a half bathrooms, on the ground floor facing the beautiful and quiet pool, and a short walk from the beach and its main amenities. This project has 4 diamond amenities so that you or your guests can enjoy a comfortable, pleasant, fun, exclusive, and luxurious stay. With the best views of the Caribbean Sea and an ecological environment that will transport you as soon as you walk through its doors.

Features

Bedrooms3
Bathrooms2
Area223 m2
ReferencePDC-S-0324

Amenities

Beach club
Elevator
Furnished
Garden
Gym
Jacuzzi
Laundry
Ocean view
Pool
Rooftop
Terrace

$650,000 USD

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Indexed from PIM Riviera Maya. Details may have changed – confirm them on the original listing. More from PIM Riviera Maya Is this yours? Request removal

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The market in Playa del Carmen

Homes for sale on this site470
Median asking price$232,400 USD
Typical range$118,100 USD – $805,600 USD
Median per m2$3,270 USD

Bedrooms	Listings	Median asking price
Studio	87	$231,000 USD
1	154	$171,800 USD
2	120	$251,500 USD
3	69	$449,200 USD
4+	40	$875,000 USD

Typical range covers the middle 80% of listings. Figures come from the listings live on this site today and change as it grows.

How this compares

45% above the median for similar listings

Median, 3-bedroom in Playa del Carmen$449,200 USD
This listing, per m2$2,920 USD
Median per m2$2,360 USD

Based on 69 listings currently on this site. Asking prices, not sale prices; currency conversions are approximate.

Renting vs. owning here

This price equals about 21 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$2,590 USD
Gross yield if rented long-term4.8%

Based on 20 listings currently on this site. Asking prices and asking rents. Owning also carries closing costs, HOA fees, property tax, the bank trust for foreign buyers, maintenance and insurance, which are not included.

Long-term rental vs. Airbnb

As a short-term rental: about 4.4% gross yield a year

Assumes $208 USD a night at 38% occupancy
Short-term gross, per month$2,403 USD
Short-term gross, per year$28,834 USD

An estimate from typical rates for this city and size, not a figure for this property. Gross income before platform fees, cleaning, utilities, management, taxes and empty nights. Check that the building allows short-term rentals.