El Cielo, the community with one of most attractive options for new Playa del Carmen homes, a development called Villas Tranquilidad, has been making some progress in selling other properties for development. Currently, Villas Tranquilidad is one of only 2 developments in the community, and offers very accessible pricing for this reason.
Most recently, El Cielo had sold one condominium lot, and had another residential plot of land reserved. This information indicates that new development is likely to follow in the near future. While this is good news in the sense that new options, possibly Playa del Carmen luxury condos, will be coming available in this promising new neighborhood. The down side is that is that the really accessible prices offered by the first developments like Villas Tranquilidad won't last forever; the other good side, however, is that those who buy now will see healthy property value increase, especially compared to the pre-construction discount price currently offered.
Villas Tranquilidad includes 6 beautiful, 3 storey villas with contemporary design, private yards, and a shared green area with a Mayan-style shade and a pool. The selling price is $260,000 U.S.; after the pre-construction discount of 25%, the price is only $195,000!
Very feasible financing options are also available, including mortgages from Mexican banks (such as Scotiabank Mexico) with all-time low interest rates (about 6.5%), and direct seller short term financing, likewise with very favorable rates.
El Cielo is a new gated community, aimed at high-end residential and hotel development. The beachfront section of the property will a condo and hotel area, and the residential area (which is where Villas Tranquilidad is located) is in the middle of the property, about 900 yards from the beach. The back of the property, along the highway, will be commercial, for easy access to stores and shopping. El Cielo is at the north end of Playa del Carmen, about 10 minutes away from downtown (Playa's famous Fifth Avenue) and, with new highway bridges being put in, about the same from a Sam's and a new mall at the other end of town.
Buyers interested in getting the best deals in El Cielo, one of Playa del Carmen's leading new communities, should consider making a move soon, especially with Villas Tranquilidad, an excellent home option, at a very accessible.
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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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