For sale

Condo for Sale in Playa del Carmen

Playa del Carmen

$300,000 USD

Listed 2 days ago

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Ref. PDC-S-0326 Request a viewing Make an offer

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Description

Corasol formerly known as GrandCoral is a 200 hectares residential gated community in Playa del Carmen located at the end of 5th Avenue, with its main access on the Federal Cancun-Playa del Carmen highway. It has 200 meters of beach, with a golf course (Gran Coyote), projects with fine finishes, and amenities that surround nature. Corasol is positioned within the most famous residential areas in Playa del Carmen. Lorena Ochoa is located in front of the Gran Coyote, an 18 hole course designed by the internationally and renowned golfer Nick Price. It’s surrounded by the amazing Mayan jungle and the blue crystal waters of the Mexican Caribbean sea. Unique amenities take part in this development like a huge pool, beach club, and clubhouse access, paired with the beautiful and modern design that turns Lorena Ochoa Residences, one great option to invest or to start a new life in the wonderful Playa del Carmen.

Features

Bedrooms2
Bathrooms2
Area249 m2
HOA / maintenance fee$300,000 MXN
ReferencePDC-S-0326

Amenities

Beach access
Beach club
Elevator
Garden
Gated community
Pet friendly
Pool
Rooftop
Terrace

$300,000 USD

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The market in Playa del Carmen

Homes for sale on this site484
Median asking price$236,500 USD
Typical range$118,100 USD – $850,000 USD
Median per m2$3,320 USD

Bedrooms	Listings	Median asking price
Studio	90	$237,300 USD
1	156	$171,800 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

19% above the median for similar listings

Median, 2-bedroom in Playa del Carmen$252,300 USD
This listing, per m2$1,200 USD
Median per m2$3,020 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 11 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$2,200 USD
Gross yield if rented long-term8.8%

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 6.9% 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.