While Playa del Carmen condos are well worth the price you pay for them (starting under $100,000 USD and going up over $1 million), and have withstood the recession fairly resiliently, only showing a temporary pause in overall excellent appreciation, a few very motivated developers and sellers have offered super price reductions simply to sell more quickly than usual. The following three price-reduced condos – one low priced, another mid-range, and one high-end – reflect what kind of deals can be found.
1 - 2 bedroom, 2 bathroom condo in Playacar
was: $125,000 USD now: $120,000 USD
While the price reduction is only $5,000, this unit was already the lowest priced property available in Playacar Phase II, an exclusive golf course neighborhood right next to downtown. The current owner remodelled the unit, adding cypress cabinets and many luxury features. The complex has a shared pool and large yard and is within walking distance to the golf course, some small shops, a Sam's and a large new mall with a theater that plays movies in English.
2 - 2 bedroom, 2 bathroom condo – downtown beachfront
was: $450,000 USD now: $288,000 USD
This Playa del Carmen beachfront condo, is one of the biggest, if not the biggest price reduction for condos in the area, lowered by $162,000 USD, or 36%. With about 1300 sq. ft. of construction on 2 storeys, the unit offers a view of the city, one of the world's most famous beaches at its doorstep, and a very short walk (5 minutes if you sit down for a break) to Fifth Avenue, the central tourist strip which made Playa del Carmen famous, with its trendy cafes, international restaurants and vibrant nightlife.
3. 2 bedroom, 2 bathroom – downtown beachfront penthouse
was: $1,100,000 USD now: $1,000,000 USD
In the same vicinity as #2 above, this Playa del Carmen luxury condo is an exclusive penthouse offering all the same benefits – right on the beach, a hop-skip and a jump away from Fifth Avenue, plus it over twice the size at 2650 sq. ft., and has a private terrace on the rooftop with incredible views of the ocean and Cozumel in the distance. In side, the master bedroom has a private balcony, there is a complete kitchen (equipped), with granite and marble counters!
To find out more about great deals in Playa del Carmen condos, contact an experienced agent, tell them your budget, and see what they've got for you.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Playa del Carmen real estate.
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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