For sale

Condo for Sale in Playa del Carmen

Playa del Carmen

$635,000 USD

Listed 2 days ago

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Ref. PDC-S-0211 Request a viewing Make an offer

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Description

Developed by the Spanish Group Grand Coral in Riviera Maya and enjoying a prime stretch of beach facing the Caribbean Sea’s gentle waters under which lies the largest coral reef in the Western Hemisphere, Pure Mareazul offers up some of the most exclusive beachfront properties in all of Mexico within the Grand Coral master plan in Playa Del Carmen. All condominiums in this luxury resort property have a view to the ocean and you are guaranteed to find the place for you. The landscaping of the zen garden is worldclass and unique to its position next to the beach along with a Nick Price Golf Course and world class beach club this property offers the best amenities. Surround yourself with the palm trees of the courtyard and creative art while having top class food brought to you by some of the best chefs in Mexico. These luxurious condo of 3 bedrooms and a private jacuzzi constructed on an area of more than 1,377,780 ft2 and 656 linear feet of beach where you can practice water and outdoor sports, play at the Nick Price’s Golf Course, enjoy Mexican gastronomy or appreciate spectacular coral reefs represent the best property investing in Mexico for people looking at great return on investment (ROI).

Features

Bedrooms3
Bathrooms3
Area224 m2
ReferencePDC-S-0211

Amenities

Beach access
Beach club
Garden
Gym
Jacuzzi
Laundry
Parking
Pool
Rooftop
Terrace

$635,000 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

45% above the median for similar listings

Median, 3-bedroom in Playa del Carmen$436,500 USD
This listing, per m2$2,830 USD
Median per m2$2,360 USD

Based on 71 listings currently on this site. Asking prices, not sale prices; currency conversions are approximate.

Renting vs. owning here

This price equals about 21 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$2,580 USD
Gross yield if rented long-term4.9%

Based on 21 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 4.5% 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.