A Four-Bedroom House on Mexico’s Caribbean Coast
$752,000 (15.3 MILLION MEXICAN PESOS)
This four-bedroom, four-bath home sits inside the gated resort community of Playacar, in the city of Playa del Carmen, on the east coast of Mexico’s Yucatán Peninsula. Built in 2000 and gradually upgraded, the stone and cement house combines many local materials and architectural features, including palapa roof coverings, made of dried palm fronds.
“This home is part of a prestigious community of about two dozen homes, within Playacar’s second phase of development, that has its own pool and tennis courts,” said Judi Shaw, the owner/broker of Living Riviera Maya Real Estate, which has the listing. “They also have their own pathway to the beach — it has a gate and only these homeowners have keys.”
The price for the 3,657-square-foot home, which has been a popular rental property, includes the furnishings, Ms. Shaw said.
Federal Mortgage Society, which tracks the price of homes with mortgage credit. (The country does not have a multiple listing service.) In Quintana Roo, home prices rose 7.5 percent in 2020, the fifth-largest increase among Mexico’s 32 states.
In the first six months of this year, Ms. Shaw said, her agency sold the same number of properties as in all of 2020, and the average sale price was higher, at $435,500. (Many properties in Mexico, including this one, are marketed in U.S. dollars.)
Ivan Castillo, a real estate attorney and general manager of Secure Title Riviera Maya, said that before the pandemic shutdown in early 2020, his company’s offices throughout Mexico were each opening around 40 to 45 files a month. Now, the average is closer to 100.
advises travelers to Quintana Roo to exercise increased caution because of crime.
Who Buys in Playa del Carmen
The majority of foreign buyers in Playa del Carmen are from the United States (particularly Texas and New York City) and Canada, agents said.