For sale

Condo for Sale in Playa del Carmen

Playa del Carmen

$294,332 USD

Listed 1 day ago

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Ref. PDC-S-0327 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 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. Nick Price, a worldwide famous golf player, designed the 18 hole golf course that surrounds the project that honored him taking his name. Nick Price Residences transport you to a quiet atmosphere with the coastal jungle, the amazing beach within the complex, and the marvelous weather of Riviera Maya, letting you enjoy the majestic views nature gives us every day in this Caribbean paradise. With two controlled access to give you the security you want to have for you and your beloved ones, Nick Price sits just in front of Corasol Club House, and offer condo apartments with 1, 2, and 3 bedrooms, big spaces, beautiful designs, and first-class amenities like the beach club in front of the second-largest coral reef of the world.

Features

Bedrooms3
Bathrooms3
Area124 m2
ReferencePDC-S-0327

Amenities

BBQ area
Beach access
Beach club
Elevator
Garden
Gated community
Gym
Ocean view
Pool
Rooftop
Terrace

$294,332 USD

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The market in Playa del Carmen

Homes for sale on this site469
Median asking price$232,900 USD
Typical range$118,100 USD – $805,600 USD
Median per m2$3,270 USD

Bedrooms	Listings	Median asking price
Studio	86	$233,900 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

34% below the median for similar listings

Median, 3-bedroom in Playa del Carmen$449,200 USD
This listing, per m2$2,370 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 9 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$2,590 USD
Gross yield if rented long-term10.6%

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 9.8% 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.