For sale

LE 35 – RÉSIDENCES URBAINES PlayaHere | Real Estate Riviera Maya

Playa del Carmen

$103,300 USD Listed at $1,923,452 MXN

Listed by PlayaHere | Real Estate Riviera Maya

Listed 2 days ago

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Ref. PDC-S-0011 Request a viewing Make an offer

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Description

Le 35 is a stunning 22-unit condominium building located in the vibrant city of Playa del Carmen. It is located at the city’s heart and offers an urban living

Features

Bedrooms1
Area37 m2
ReferencePDC-S-0011

Amenities

Lock-off
Pool

$103,300 USD Listed at $1,923,452 MXN

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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

40% below the median for similar listings

Median, 1-bedroom in Playa del Carmen$171,800 USD
This listing, per m2$2,790 USD
Median per m2$3,740 USD

Based on 156 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 Playa del Carmen, per month$873 USD
Gross yield if rented long-term10.1%

Based on 62 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 11.8% gross yield a year

Assumes $88 USD a night at 38% occupancy
Short-term gross, per month$1,020 USD
Short-term gross, per year$12,200 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.