For sale

New 5th Avenue Development, Suite Number Soul Condo – Living Riviera Maya Real Estate

Playa del Carmen

$299,000 USD

Listed by Ryan Dunn Living Riviera Maya Real Estate

Listed 3 days ago

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Ref. PDC-S-0369 Request a viewing Make an offer

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Description

Exclusive condos for sale in Playa del Carmen, right on 5th Avenue!

These 16 exclusive condos for sale on Playa del Carmen’s 5th Ave. feature large terraces and a rooftop lounge area with a pool and views of the Caribbean Sea,.

On World-famous 5th Avenue you will find more than 800 food varieties, World-class hotels, malls, art galleries and more! Also, these condos are only 3 blocks away from the beach, making them ideal for vacation rentals.

These beautiful and modern-styled condos are sold fully-equipped, so you don’t need to worry about anything!

There is an elevator on all floors, 24-hour security, a lobby, and 2 different models to choose from.

Don’t waste this opportunity to own property on 5th Avenue! These will go fast! Call us now for more details.

Please note: This property is under construction. The final product may differ from the listing description and photographs.

Features

Bathrooms1
Area68 m2
Year built2017
ReferencePDC-S-0369

Amenities

Elevator
Furnished
Ocean view
Parking
Pool
Rooftop
Terrace

$299,000 USD

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The market in Playa del Carmen

Homes for sale on this site506
Median asking price$238,900 USD
Typical range$119,500 USD – $842,200 USD
Median per m2$3,330 USD

Bedrooms	Listings	Median asking price
Studio	97	$239,700 USD
1	166	$176,100 USD
2	131	$254,600 USD
3	72	$442,800 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

25% above the median for similar listings

Median in Playa del Carmen$238,900 USD
This listing, per m2$4,400 USD
Median per m2$3,330 USD

Based on 506 listings currently on this site. Asking prices, not sale prices; currency conversions are approximate.

Renting vs. owning here

This price equals about 28 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$901 USD
Gross yield if rented long-term3.6%

Rent figure is the published city-wide average for apartments, not specific to this size. 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 3.2% gross yield a year

Assumes $70 USD a night at 38% occupancy
Short-term gross, per month$809 USD
Short-term gross, per year$9,704 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.