For sale

Fantastic Opportunity: Resale of a 1 BR Condo in the Heart of Downtown Playa del Carmen! – Jungle Realtor

Playa del Carmen

$159,900 USD

Listed by Jungle Realtor

Listed 2 hours ago

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Description

Immerse yourself in an incredible opportunity with the resale of this 1-bedroom condominium in the heart of downtown Playa del Carmen! This beautiful condo is strategically located amidst the finest shops, restaurants, and bars that Playa del Carmen has to offer. Just steps away from the iconic 5th Avenue and a block from Mamitas Beach, you’re perfectly positioned to enjoy the vibrant atmosphere and the pristine waters of the Mexican Caribbean.

In impeccable condition, this condo is being sold fully furnished. Its large windows, equipped with sheer and blackout shades and sliding screens, bathe the space in natural light. The modern and fully equipped kitchen ensures you feel right at home. Additional features include a TV in both the living room and bedroom, 2 mini-split A/C units, and an in-suite washer & dryer.

Relax and take in the breathtaking ocean view from the rooftop pool and lounge area after a satisfying workout in the on-site fitness room.

Whether you’re seeking a vacation home or an investment property, this condo is the perfect choice.

Amenities include a rooftop deck pool and lounge area, a small gym, an elevator, and underground parking.

It’s all about location, and this condo offers the best of it! Don’t miss this fantastic opportunity; contact us today to make this centrally located Playa del Carmen gem your own!

Features

Bedrooms2
Bathrooms1
Area6 m2
ReferenceEXT-2426

Amenities

Air conditioning
Elevator
Furnished
Gym
Laundry
Lock-off
Ocean view
Parking
Pool
Rooftop
Terrace

$159,900 USD

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The market in Playa del Carmen

Homes for sale on this site488
Median asking price$237,300 USD
Typical range$118,100 USD – $842,200 USD
Median per m2$3,310 USD

Bedrooms	Listings	Median asking price
Studio	93	$237,800 USD
1	157	$172,600 USD
2	127	$252,300 USD
3	71	$436,500 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

37% below the median for similar listings

Median, 2-bedroom in Playa del Carmen$252,300 USD

Based on 127 listings currently on this site. Asking prices, not sale prices; currency conversions are approximate.

Renting vs. owning here

This price equals about 6 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$2,200 USD
Gross yield if rented long-term16.5%

Based on 15 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 12.9% gross yield a year

Assumes $149 USD a night at 38% occupancy
Short-term gross, per month$1,721 USD
Short-term gross, per year$20,655 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.