Since the Playa del Carmen condo market was not hit as hard by the U.S. housing bubble in 2008 – largely due to the fact that mortgages were much less common just before – there are fewer super-urgent "fire sales." Now and then, however, an owner is in the position of having to sell quickly, and they reduce the price considerably for this reason.

This penthouse condo located downtown Playa del Carmen is one of those cases. The following are a few of the features that this amazing deal has to offer you as an investor:

• Huge price reduction: originally asking $180,000 USD, reduced to $149,000 in November, then to $129,000 in December. This is a reduction of $51,000 USD or almost 30%!!

• Location – Near to Beachfront: The condo is located in the heart of downtown Playa del Carmen, only 4 short blocks from the beach. This is less than 5 minutes. These are the famous beaches downtown, which are wide, with soft, white sand, and the famous turquoise water of the Caribbean!

• Location – Near to Fifth Avenue: Fifth Avenue runs parallel to the beach, and is a pedestrian street full of shops, restaurants, cafes, galleries and bars. It is the center and heart of Playa del Carmen's tourism. The central and most important part of Fifth Avenue is only 2 blocks away from this condo.

• Penthouse – This isn't just any condo unit, it is a penthouse with a large, private rooftop terrace, including a bar to enjoy the refreshing ocean breeze!

• Design – It's spacious design includes 2 bedroom and 2 bathrooms. There is a large common area with a pool and a patio. The complex is a traditional Mexican Hacienda style. The unit itself retains this charming style with features such as an 18 foot dome ceiling in one bedroom. On the other hand, it has recently been given some modern conveniences, providing an ideal balance between the two.

• Competitive compared to market – Penthouses in this part of Playa del Carmen, so close to the beach, are not available for $129,000 USD. Most start around the original price of $180,000 and even this is competitive. This virtually means an instant value appreciation!

• Rental Potential – Besides the value, this unit has excellent potential for rental to vacationers, and because if its proximity to the beach and Fifth Avenue, as well as the comfort of the unit and the fact that it's a penthouse, it's positioned for some best rental prices available. There is very high potential for a consistent and substantial income.

• Turn-key sale – The unit is sold fully furnished, ready to be used. For both vacationers and investors this makes it much easier to begin making use of the unit, immediately.

For further details, see the Playa del Carmen condo listing for this unit, or contact us via the contact form on this page, or through our website.

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