Over the past decade, Playa del Carmen real estate has proven to be a profitable market for property investment, and continues to offer excellent opportunities. One of the areas that deserves attention for investors is the new gated community of El Cielo, just 10 minutes north of downtown Playa del Carmen. This new gated community offers building and design bylaws, ensuring a well-developed community image for the future, as well as security and close access to the beach.
Two developments in particular offer excellent value, considering design and location; combined with the community's upscale image, these factors point to very potential for return on investment from both value increase and future rental income.
The Developments – Villas
The first development is a complex of 6 Playa del Carmen villas. This small complex offers the following features:
Each villa includes:
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over 1600 square feet of living space
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3 bedrooms, 3 bathrooms on 3 stories
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complete 3rd floor Master Bedroom
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special airflow design in Master Bedroom
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private rooftop terrace, with access only from the master bedroom
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air conditioners in all room, and ceiling fans in bedrooms and living areas
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luxury finishes, such as large tiles
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direct access to the common area and pool
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resource saving features, such as water-efficient dual-flush system toilets
The development is located only 900 yards from the beach.
It is also worth noting that these units are pre-approved for mortgage financing, making easier for investors to buy through financing. The down payment for a mortgage is approximately $63,000 USD. For those buying in cash, a $30,000 deposit will secure a reservation.
The price of each unit is only $209,000 USD. Comparable properties in similar locations in Playa del Carmen tend to start closer to double this price.
Also, because of the close walking distance to the beach and the easy access to the pool and relaxing green area, these units also have future potential for vacation rental. As El Cielo develops, both of these areas will also see increasing value for investors.
Currently (November, 2010) there are 2 of the 6 units remaining.
The Developments - Condos
A second development worth noting is new complex of 18 Playa del Carmen condos, comprising of 6 buildings of 3 condos, each on a separate floor. The complex, in its early construction phases, includes the following features:
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a pool
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a gym area
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a shaded lounge area
The condos themselves are designed with the following features:
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2 spacious bedrooms
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large, open-concept design
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a kitchen bar, separating the kitchen from the dining and living room areas
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2 large terraces
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a pool or a jacuzzi on one terrace (depending on which floor the unit is on)
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complete floor for each apartment – no adjoining units, providing maximum window space, privacy
These condos are also very well located on the beach-side of the community, and offer good potential for vacationers.
The price of these units starts at about $140,000 USD, which is very competitive compared to units in a similar location; most other condos usually have a less spacious and open design, and usually have adjoining units on either side.
Since the complex is still in the pre-construction phase, units are being offered starting at only $130,000 USD, and a special opening price of only $125,000 USD is being offered – this point to an immediate appreciation of at least 12%.
El Cielo already has a high-quality system of wide access roads with modern, underground infrastructure included. There is a bike trail running throughout the community as well. New bridges on the federal highway, which are soon to be completed, will also provide very direct and fast access to Playa del Carmen's two malls, in addition to the Sam's Club at the south end of the city.
Be among of the first to invest in El Cielo, and enjoy the benefits of lower prices and potential for greater value appreciation.
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