As the name suggests, Little Italy is a neighborhood of Playa del Carmen, Mexico where many Italians decided to set shop. In fact, the surrounding streets are lined with delicious pasta joints. The name was suggested due to the large number of Italians who bought property, including hotels and restaurants in the area. However, it is also commonly referred to as North Beach or Playa Norte. This is an expat favorite due to its proximity to the beach, vibrant nightlife and affordable real estate. One would think that its location would drive real estate prices up. But in reality, they are quite affordable and there are many great investment opportunities in the area.
Life in Little Italy
Living in Little Italy means you have walking access to the most popular beach clubs in the area and can enjoy some of the most beautiful beaches. Just a few blocks towards Playa South you will find Mamitas Beach. On 38th Street you will find the spacious and white-sand beach of Shangri La. The road down to the beach is lined with quaint Italian restaurants such as La Piola and other delicacies. The area also has plenty of hotels ranging from large resorts to smaller boutique bed and breakfasts.
When it comes to grocery shopping, you will find that Little Italy is very well located. Nearby you will find large supermarket stores. However, the streets of the neighborhood are also lined with small fruit and vegetable shops with fresh produce. These little shops also make for the perfect breakfast spot. You can pick up a box of freshly-cut fruits to go.
Little Italy: the Real Estate Engine of Playa del Carmen
For real estate opportunities, you are looking at a great array of available products. Keep in mind that the area is mostly made up of condos, although you may find a scattered stand-alone home here and there. Condos vary in size and price, but you can expect to find most properties in a 200,000 to 300,000 USD range.
Condos vary from chic and modern ground floor units that are just a 3-minute walk from the crystalline waters of the Caribbean to beautifully rustic penthouses with rooftop cabanas. Most condominium complexes in the area offer great amenities to really enhance your home experience. You will find pools and gardens inside. It makes it feel as if you are in a private oasis, far from the city. In reality, however, you are mere minutes away.
Because of the location of these condos, they make for great vacation rentals. If you are just looking to invest and make a return on investment, Little Italy is the perfect area to consider. They have everything nearby which is very attractive to potential vacationers. Condos that offer amazing ocean views from the rooftop and are fully equipped for vacationers are ideal to make a bang on your buck. Little Italy has plenty of these on offer for you to start searching for your dream home there.
And remember, at Top Mexico Real Estateâ€¦we make it happen!