For sale

El Faro Surf: Beachfront Condo for Sale in Playa del Carmen, Suite Number 406 – Living Riviera Maya Real Estate

Playa del Carmen

$391,000 USD

Listed by Ryan Dunn Living Riviera Maya Real Estate

Listed 2 days ago

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Ref. PDC-S-0303 Request a viewing Make an offer

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Description

Oversized one-bedroom beachfront condo for sale in Playa del Carmen. It is likely one of the most impressive condos for sale in the Playa del Carmen Real Estate market.

With a private terrace and breathtaking Ocean views, this turn-key investment opportunity is ideal for those looking for a profitable second home.

This Playa del Carmen beachfront condo for sale is in an iconic building that provides hotel services such as concierge, front desk lobby, rental, and management.

A large central pool with views of the ocean and beach club services for food and drinks are among the amenities. The lucky owners and visitors can enjoy 24-hour security, elevators, and a variety of other high-end amenities.

With a strong rental history and world-class service and amenities, this condo not only guarantees a fantastic getaway but also a great return on your investment; all you have to do is buy. As part of the sale price, this property comes fully furnished.

This luxurious building has emerged as the preferred beachfront condominium destination in Playa del Carmen since its construction. A perfect Mexican Caribbean vacation includes luxurious accommodations, a large swimming pool, stunning beach and ocean views, and a fantastic onsite restaurant. This beach condo in Playa is the best option because it is only 45 minutes from Cancun airport.

For more information, please contact us right away.

Features

Bedrooms2
Bathrooms1
Area84 m2
Year built2010
ReferencePDC-S-0303

Amenities

Beach access
Beach club
Elevator
Furnished
Ocean view
Parking
Pool
Terrace

$391,000 USD

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Indexed from Living Riviera Maya. Details may have changed – confirm them on the original listing. More from Living Riviera Maya Is this yours? Request removal

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The market in Playa del Carmen

Homes for sale on this site487
Median asking price$237,800 USD
Typical range$118,100 USD – $842,200 USD
Median per m2$3,320 USD

Bedrooms	Listings	Median asking price
Studio	92	$238,800 USD
1	157	$172,600 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

55% above the median for similar listings

Median, 2-bedroom in Playa del Carmen$252,300 USD
This listing, per m2$4,650 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 15 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$2,200 USD
Gross yield if rented long-term6.8%

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 5.3% 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.