Would you believe it if I told you that you could get a downtown penthouse condo in Playa del Carmen for less than $170,000 USD?
Well, here we have just that! Take a look at the description for this property:
The location of this brand new development is just great: two blocks from the beginning of the 5th avenue and three blocks from the beach. Just a walk away you will have all the amenities you need. If you’re an investor, this is a good opportunity to acquire a vacation rental unit in downtown Playa del Carmen. The way to the beach is through a nice path, full of jungle trees, restaurants, pubs, boutiques and finally, the white sanded beaches.
Now, take a look at these pictures:
Why so inexpensive?
There are a few reasons for the low price:
- It’s on the edge of downtown
- The neighborhood is still undiscovered
- The development is new
However, all three of these points are changing quickly; downtown is expanding rapidly, the neighborhood is beginning to show the first signs of gentrification (like this condo complex) and the complex is well on its way to being completed and sold.
Click here to see more pictures, the full listing and the map location.
Doug Morgan was born in Dayton, Ohio and went to college at Buckeye State. Moving to Louisiana after college, he became President of his New York Stock Exchange company at the age of 28. His later career shifted to Florida and the investment business, where he was a financial advisor and branch manager for over 30 years. He bought his first condominium in Mexico in 2008 (from Top Mexico Real Estate), initially as a vacation home, but a year later he retired and moved full time to Playa del Carmen. Contact Doug at (512) 879-6546.
The TOP Mexico Real Estate Network; “Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”