For sale

Condo for Sale in Playa del Carmen

Playa del Carmen

$190,000 USD

Listed 2 days ago

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Description

If you are looking for something fresh and with high potential for profit, take a look at this recently launched project. Menesse Condos, which is a leader in the real estate market, just released its development number 20 just a few weeks ago and it is looking very interesting for those of you who are looking for a safe investment. This new project is My Menesse in Playa which will be located in an emblematic area of Playa del Carmen, just on 32nd street between 5th and 10th avenue. You will be surrounded by commercial life, as it is within walking distance of several renowned restaurants, cafes, spas, commercial venues and the Mario Villanueva Sports Center. And five minutes’ walk from the beach. This project is looking as a guarantee of good location and assured capital gains. Its price starts from USD $ 155,000. It will be delivered in January 2024 and as it is a pre-sale in the Friends and Family stage, and guess what? it currently has a 5% discount!!!! In total there will be 47 units that are made up of 43 studios and 4 PH. And it will have the following amenities: Gym, Underground parking, Rooftop, Infinity Pool, Sundeck Wifi, Spa, Concierge Services, lobby with reception, smart room, bar & grill. PAYMENT PLAN $2,000.00 USD Deposit 30% Downpayment 60% During construction 10% upon delivery.

Features

Bedrooms2
Bathrooms1
Area43 m2
ReferencePDC-S-0395

Amenities

Elevator
Gym
Parking
Pool
Rooftop
Terrace

$190,000 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 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

25% below the median for similar listings

Median, 2-bedroom in Playa del Carmen$252,300 USD
This listing, per m2$4,420 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 7 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$2,200 USD
Gross yield if rented long-term13.9%

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 10.9% 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.