Last night was an open house for the new development Moon Ha located on the corner of 58th street and 5th avenue in north Playa del Carmen. Moon Ha is located in an area that is just starting to be developed. While the pedestrian only 5th avenue has been built to go through that area, it is yet to have all the shops, cafes and commercial buildings that accompany the famous downtown 5th avenue; but this famous pedestrian street is growing, and given time it will eventually surpass the condos at Moon Ha. This new development is also close to the tourist areas without being right in the middle of all the hustle and bustle.
Moon Ha is a three story building offering one, two, and three bedroom, ready to move in condos with prices ranging from $199,000 – $485,000 USD. All of the condos have an open floor plan with a full equipped kitchen and quality finishes. One of the unique things about Moon Ha is the ability to customize you condo, such as the colors of the walls, style and color of the tile, and the color and style of the kitchen and bathroom backsplashes, just to name a few. The two and three bedroom condos come with large terraces and several large windows which provides light and openness to the condo. Additionally, several of the condos have stunning views of the ocean and tropical vegetation. The highlight of Moon Ha is the rooftop garden offering a view of the Caribbean Sea. This rooftop common area features a swimming pool with sunbeds and a seating area, a grilling area with several tables and a fitness center.
The area is not quite tourist developed yet, but “Quinta north” will eventually have many high-end properties such as the ones you might find in Playacar. With that being said, the condo is located several blocks from the beach and standing between the beach and the condo is wide open space with tropical vegetation, providing no direct access to the beach. Eventually, things will be built in that open space blocking the view of the ocean. But on the flip side the more the area gets built up the more commercial and tourist activity you will see in the area and the more desirable it will be for renters.
Let’s compare Moon Ha to another development in Playa del Carmen. A-nah Downtown is located in the heart of downtown Playa, a sought after tourist spot. A-nah Downtown is located only 4 blocks from the beach with direct access to the beach. It is a condo-hotel featuring many amenities including a rooftop deck with a view of the Caribbean Sea, similar to the rooftop garden at Moon Ha. The smallest condo at Moon Ha is 77 square meters and is priced at $199,000 and the 77 square meter condo at A-nah Downtown is only $117,000. The 169 square meter three bedroom condo at Moon Ha is priced at $440,000 and the comparable condo at A-nah Downtown is only $195,000. A-nah Downtown also offers a rental pool program that will assist in renting out your condos, allowing you to get a return on your investment.
Let’s compare Moon Ha to Playa del Carmen on a whole. In Playa del Carmen right now, the average low price per square meter is $1,522, the average is $3,103 and the average high is $7,197 per square meter. In Moon Ha the lowest priced condo is $2,553 per square meter and the highest priced condo is $2,856 per square meter. When comparing those numbers, the highest condo in Moon Ha is still lower the average in Playa which is good. But the lowest priced condo in Moon Ha is a $1,000 higher than the average low in Playa, that price should be a little closer to Playa’s average.
Moon Ha is a gorgeous development and good investment for the future but the price is on the higher end. If the price was lower for the location Moon Ha would be selling like crazy.
Now if you have any question about this or any of the TOP MEXICO REAL ESTATE properties we have listed in Playa Del Carmen, the Riviera Maya or anywhere throughout Mexico, please feel free to contact any of our Top Buyer’s Representatives and we will be glad to help you find your very own piece of paradise.
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