For sale

Condo for Sale in Tulum

Tulum

$99,000 USD

Listed 1 day ago

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Description

Nequen residences is the newest real estate investment opportunity in Tulum. Strategic location, surrounded by jungle and with accessibility to the beach and 5th Avenue. Is made up of 43 private units and 2 commercial premises, there are apartments with 1 and 2 bedrooms with private pool or jacuzzi, roof garden with infinity pool, gym, yoga, bar and cowork-garden area. The owners will have access to Mia Tulum beach club as part of the amenities.

Features

Bedrooms2
Bathrooms1
Area51 m2
ReferenceTUL-S-0314

Amenities

Beach club
Coworking
Elevator
Garden
Gym
Jacuzzi
Pool
Rooftop
Terrace

$99,000 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 Tulum

Homes for sale on this site598
Median asking price$260,000 USD
Typical range$119,000 USD – $680,000 USD
Median per m2$2,660 USD

Bedrooms	Listings	Median asking price
Studio	117	$324,500 USD
1	201	$177,000 USD
2	162	$263,600 USD
3	83	$369,600 USD
4+	35	$787,800 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

62% below the median for similar listings

Median, 2-bedroom in Tulum$263,600 USD
This listing, per m2$1,940 USD
Median per m2$2,480 USD

Based on 162 listings currently on this site. Asking prices, not sale prices; currency conversions are approximate.

Renting vs. owning here

This price equals about 10 years of renting a similar home

Typical long-term rent in Tulum, per month$859 USD
Gross yield if rented long-term10.4%

Based on 27 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 15.7% gross yield a year

Assumes $142 USD a night at 30% occupancy
Short-term gross, per month$1,295 USD
Short-term gross, per year$15,540 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.