For sale

Condo for Sale in Playa del Carmen

Playa del Carmen

$576,000 USD

Listed 1 day ago

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Description

“Hello Marila”! – Miranda seems to say a few streets away, “welcome to the neighborhood, you are going to like Playa del Carmen.” Marila is the new neighbor, and she comes to offer a Caribbean lifestyle of exclusivity and comfort in front of the sea, a style that cannot be described in any other way than unique. Marila arrives with all the hubbub of the Caribbean, shouting from the rooftops “Playa del Carmen, I’m here”! Is located just 100 meters from the sea and one block from 5th avenue. You will enjoy being close to the best restaurants, bars, boutiques, and all kinds of services in a modern building with high-level amenities and 1,2, 3-bedroom apartments and penthouses, with only 77 units with a modern and avant-garde architectural design.

Features

Bedrooms3
Area109 m2
ReferencePDC-S-0393

Amenities

Elevator
Gym
Pool
Rooftop
Terrace

$576,000 USD

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The market in Playa del Carmen

Homes for sale on this site478
Median asking price$234,800 USD
Typical range$118,100 USD – $842,200 USD
Median per m2$3,300 USD

Bedrooms	Listings	Median asking price
Studio	90	$237,300 USD
1	156	$171,800 USD
2	122	$253,400 USD
3	70	$442,800 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

30% above the median for similar listings

Median, 3-bedroom in Playa del Carmen$442,800 USD
This listing, per m2$5,280 USD
Median per m2$2,370 USD

Based on 70 listings currently on this site. Asking prices, not sale prices; currency conversions are approximate.

Renting vs. owning here

This price equals about 19 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$2,590 USD
Gross yield if rented long-term5.4%

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 5.0% 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.