For sale

Condo for Sale in Playa del Carmen

Playa del Carmen

$285,000 USD

Listed 2 days ago

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Description

Situated on a prime area of Playa del Carmen, this 2 bedroom luxury condo in Arenis offers exceptional return on investment and a long list of amenities to enjoy, including a private gym, spacious lobby, two elevators, community pool and a business center, sky lounge, 24-hour security and secure underground parking. This 2 bedroom unit is ready to be purchased and it is furnished including marble flooring, granite, air conditioning, fans and a washer and dryer, as well as an electric stove and refrigerator. It is not surprising to find that this luxury condo at Arenis offers a sound investment for the future and a fantastic place to vacation in downtown Playa, where you can easily walk or bike to local restaurants, taquerías, shops, entertainment venues and the beach and it will take you 2 minutes walking distance to the famous 5th Avenue (Quinta Avenida), a pedestrian-only thoroughfare that is home to a wide variety of dining, shopping and entertainment options.

Features

Bedrooms2
Bathrooms2
Area111 m2
ReferencePDC-S-0386

Amenities

Air conditioning
Elevator
Furnished
Gym
Laundry
Parking
Pool
Rooftop
Terrace

$285,000 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 site482
Median asking price$235,800 USD
Typical range$118,100 USD – $850,000 USD
Median per m2$3,300 USD

Bedrooms	Listings	Median asking price
Studio	90	$237,300 USD
1	156	$171,800 USD
2	125	$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

13% above the median for similar listings

Median, 2-bedroom in Playa del Carmen$252,300 USD
This listing, per m2$2,560 USD
Median per m2$3,010 USD

Based on 125 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-term9.3%

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 7.2% 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.