Mexico Real Estate: Riviera Maya
On Mexico’s stunning Caribbean coast, the Riviera Maya is an 80-mile stretch of coast running south of Cancun to the little town of Tulum.
Picture swaying palm trees, cool powder-sand beaches rimming bright turquoise sea, and that’s the Riviera Maya—a postcard-perfect destination.
In the late 1960s, this part of Mexico was undeveloped, home to coconut plantations and rustic fishing villages. But the Mexican government wanted to take advantage of the advent of affordable jet travel, rightly figuring that tourist numbers were set to explode. They built an international airport, one of the busiest in the region, put in roads and utilities, and embarked on a campaign to woo tourists. It paid off. In 2018, Cancun international airport saw more than 25 million passengers.
Today, you can party and shop in the chic city of Playa del Carmen…swim with sea turtles in the tranquil beach town of Akumal…dine on gourmet food in the hipster haven that is Tulum. Each of these three locales has its own unique vibe, but they all have beautiful Caribbean beaches in common. Back from the coast, you’ll find Mayan ruins, water parks, jungle and wildlife.
Tourists come here from across the world. Europeans visit in summer, North Americans in winter, wealthy Mexicans at Easter…along with visitors from South America, Australia and even Russia.
Own a modern, comfortable two-bed condo in the right location in Playa, Akumal and Tulum, and you can generate attractive rental income by renting your place to these tourists when you’re not staying there yourself. You can expect around $20,000 a year gross in Akumal, $30,000 to $35,000 gross in Akumal and even north of $40,000 in Playa del Carmen….and still get plenty of time to enjoy your home yourself.
Property samples in the Riviera Maya:
A 2-bed 2-bath condo in the heart of Playa del Carmen in a building with underground parking, co-working space, rooftop social area and infinity pool. Price: $268,000.
A spacious two-bed two-bath beach front condo in Puerto Morelos just steps from the beach and a private beach club. The rooftop deck offers tree line and ocean views and makes the ideal spot for entertaining. Price: $399,000.
A 3-bed 3-bath condo in Aldea Zama, a master planned community in Tulum. The condo has a lock-off feature, giving you maximum flexibility and profit potential from renting. Price: $339,000.
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