For sale

Condo for sale in Tulum , Suite Number 302 – Mexico Realty Living

Tulum

$114,699 USD

Listed by Mary D. Serrano Mexico Realty Living +52 (984) 118-0186

Listed 1 day ago

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Mary D. Serrano
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Description

TIERRA SANTA is located in the CENTER OF TULUM, in the middle of everything, perfect for walking and finding the best restaurants downtown, bars, stores and transportation. Not so far from the archeological zone, and 10 minutes from the hotel zone It has 10 units of 1 and 2 bedrooms also has the possibility of LOCK OFF, which means that you can rent a room independently without affecting your apartment.

Disclaimer: Property pricing may be subject to changes without prior notice. Verify the current price for accuracy. Prices may vary according to the exchange rate.*

Features

Bedrooms2
Bathrooms1
Area38 m2
Year built2023
ReferenceTUL-S-0599

Amenities

BBQ area
Jacuzzi
Lock-off
Parking
Pool
Security 24/7
Terrace

$114,699 USD

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The market in Tulum

Homes for sale on this site610
Median asking price$258,500 USD
Typical range$119,000 USD – $675,800 USD
Median per m2$2,680 USD

Bedrooms	Listings	Median asking price
Studio	119	$321,700 USD
1	207	$173,100 USD
2	163	$262,200 USD
3	85	$369,600 USD
4+	36	$775,600 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

56% below the median for similar listings

Median, 2-bedroom in Tulum$262,200 USD
This listing, per m2$3,010 USD
Median per m2$2,490 USD

Based on 163 listings currently on this site. Asking prices, not sale prices; currency conversions are approximate.

Renting vs. owning here

This price equals about 11 years of renting a similar home

Typical long-term rent in Tulum, per month$859 USD
Gross yield if rented long-term9.0%

Based on 27 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 13.5% gross yield a year

Assumes $142 USD a night at 30% occupancy
Short-term gross, per month$1,295 USD
Short-term gross, per year$15,540 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.