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Playa del Carmen condos – Penthouse for only $160,000 USD?


Thomas Lloyd,  Broker By Thomas Lloyd
2010-12-27

A dream for many Americans and Canadians would be to own a condo in a warm-weather climate by the beach; even better would be a penthouse by the beach! While in many cases this is simply financially out of reach for most budgets, one complex of Playa del Carmen condos, near Cancun, is offering penthouse units for only $160,000 USD!

Playa del Carmen is located less than an hour south of Cancun on Mexico's Caribbean beachfront. Because of thriving tourism, resulting from miles of soft, white beaches, and a small town, European atmosphere, the town has become one of Latin America's fastest growing communities. This fact has created many opportunities to buy excellent real estate; the area just north of the central area is currently emerging as the newest up-and-coming upscale area.

In this area, there are two professional golf courses, and a number of high quality resorts, in addition to a growing number of residential areas.

One of these residential areas, a gated community called "El Cielo," is home to these particular Playa del Carmen condos. The community includes modern underground infrastructure, wide, easy-to-use access roads, a bike trail and 14 green areas. It is also within comfortable walking distance to the beach. In keeping with the area in which it is located, the community has special regulations in place to ensure that all developments contribute to the upscale community atmosphere.

Currently, since the community is really new, prices are considerably lower than similar master developments, and also lower than they will be in the near future.

The price for the base unit is a very accessible $130,000 USD, offering 2 bedrooms, 2 bathrooms, over 1400 sq. ft. (130 M2) of living space, an open concept design, 2 spacious terraces, a private pool or jacuzzi, and a shared pool and gym area.

The penthouse units are only slightly more at $160,000 USD, offering another bedroom on the rooftop, as well as a very spacious rooftop lounge.

All units are on a separate floor, with small buildings containing only 3 units; there are no adjoining units increasing privacy and natural light.

For 2011, these are perhaps the most exciting opportunity in Playa del Carmen condos, especially in the area of penthouses. Buyers looking for luxury, but within limits of a specific budget, will do well to consider these units.

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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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