For sale

Condo for Sale in Playa del Carmen

Playa del Carmen

$537,707 USD

Listed 2 days ago

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Description

Corasol is located in Playa del Carmen, the very heart of the Riviera Maya. Just 40 minutes from Cancun International Airport. This area has the highest hotel occupancy in the country and the largest second home market in Mexico. The Village is born as a jewel inspired by the nature of the coastal jungle that surrounds this impressive project. Sordo Madaleno shines with the architectural design of this beautiful development of apartments with first-class hotel-type amenities focused on the whole family. Distributed in its 12 acres, there are amenities for all ages such as clubs for children and teenagers, mini-golf, swimming pools, gyms, yoga garden, firepits, and many others that we can enjoy by scheduling a visit.

Features

Bedrooms2
Area148 m2
ReferencePDC-S-0234

Amenities

BBQ area
Garden
Gym
Pool
Rooftop
Terrace

$537,707 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

113% above the median for similar listings

Median, 2-bedroom in Playa del Carmen$252,300 USD
This listing, per m2$3,630 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 20 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$2,200 USD
Gross yield if rented long-term4.9%

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 3.8% 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.