For sale

Third Floor PH 1br 1bth For Sale in Playa del Carmen. #1537 – Mexico Realty Living

Playa del Carmen

$373,000 USD

Listed by Mary D. Serrano Mexico Realty Living +52 (984) 118-0186

Listed 2 days ago

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Mary D. Serrano
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Description

Mexico is one of the world’s most popular destinations; more than 40% of the country’s tourism converges in the Riviera Maya, a place with a strong economy due to the tourism and real estate industries. In particular, Playa del Carmen is the world’s second-fastest-growing city and stands out because of its extraordinary investment opportunities:

PENTHOUSES. Ranging from 1,667 ft2 to 4,273 ft2, our luxurious one, two or three-bedroom penthouses models might feature an oceanview or a garden and oceanview.

*Prices may vary according to product availability and are subject to change without prior notice.

Features

Bathrooms1
Area157 m2
Year built2024
ReferencePDC-S-0356

Amenities

Beach access
Beach club
Garden
Gym
Parking
Pool
Terrace

$373,000 USD

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The market in Playa del Carmen

Homes for sale on this site484
Median asking price$237,300 USD
Typical range$118,500 USD – $852,700 USD
Median per m2$3,330 USD

Bedrooms	Listings	Median asking price
Studio	90	$238,000 USD
1	156	$172,400 USD
2	127	$253,100 USD
3	71	$437,900 USD
4+	40	$877,800 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

57% above the median for similar listings

Median in Playa del Carmen$237,300 USD
This listing, per m2$2,380 USD
Median per m2$3,330 USD

Based on 484 listings currently on this site. Asking prices, not sale prices; currency conversions are approximate.

Renting vs. owning here

This price equals about 34 years of renting a similar home

Typical long-term rent in Playa del Carmen, per month$901 USD
Gross yield if rented long-term2.9%

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 2.6% 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.