12 Interesting Real Estate Facts About Properties in The Riviera Maya

12 Interesting Real Estate Facts About Properties in The Riviera Maya

AUTHOR: SAUL SALAZAR
theredsearch.com

Here are some facts that could be of interest to you. Let's start by talking about amenities, a feature that can become an important part of the decision-making process when choosing between similar developments with similar prices.

1. Which Development Offers the Most Amenities Within the Inventory? Gated communities often feature resorts, golf courses, and spa services, like the Tulum Country Club. For this question, we will focus on developments with a large number of amenities. Pools are almost a must-have in our area, with nearly 100% of developments featuring at least a small shared pool. Some developments include a unique array of amenities; for instance, Bloom in Tulum boasts over 40 luxurious amenities. Dalai by DK in Region 15 also offer interesting amenities.

   Development: Bloom Tulum
   Location: Tulum, Region 15

2. Which Sells More, Studios or Two-Bedroom Condos? This is a common question among our readers, as these are the two most popular unit types. Numerically, more studios have been sold compared to two-bedroom units, at least in our main cities, Tulum and Playa del Carmen. However, in more stable-growth cities like Cancún or emerging cities like Progreso or Puerto Morelos, two-bedroom units sell more than smaller condo-hotel type units. This depends on the type of buyer, vacationer, or the city's development stage.

3. What is the Highest-Priced Condo Sold? The highest-priced condo sold so far was nearly $4 million. Located in Costa Corasol, Playa del Carmen, this condo's final list price was $3,908,160. This likely represented a significant commission for the real estate agent involved in the transaction.

4. What is the Lowest-Priced Condo Sold? For buyers seeking budget opportunities, the lowest-priced condo sold was in Playa Mimosa, Playa del Carmen, with units priced below one million Mexican pesos. Unit 423 was listed at $42,021.60 before its sale.

5. What is the Largest Condo Sold? The largest condo sold measured 915 square meters, located in the Costa Corasol development in Playa del Carmen.

   Development: Costa Corasol
   Location: Playa del Carmen, Corasol

6. What is the Smallest Condo Sold? The smallest condo sold was in Kool Playa, with units as small as 17.58 square meters.

7. What is the Most Innovative Amenity? One of the most novel amenities we've found is an outdoor cinema by the beach, located at the Yucalpetén marina. Watching a movie or special event on a giant screen in such a setting is a delightful experience.

8. What is the Most Exotic Amenity? Among the usual amenities like terraces, pools, cinemas, saunas, and gyms, cenotes stand out as the most exotic. In the Yucatán peninsula, cenotes can be found both underground and open to the sky, and some developments incorporate them as hidden treasures. Developments like SacBeh in Playa del Carmen and Attah in Tulum feature cenotes, with Soul in Tulum showcasing visually spectacular amenities.

   Development: Soul
   Location: Tulum, Region 15

9. What is the Most Expensive Two-Bedroom Condo Sold? The highest-priced two-bedroom condo was listed in Shark Tower, Cancún, at $2,831,960. Shark Tower's iconic design in Cancún contributes to its higher prices.

10. What is the Least Expensive Two-Bedroom Condo Sold? Competing on price, the least expensive two-bedroom condo was found in Nomad, Yucatán, with units priced as low as $93,000.

    Development: Nomad
    Location: North Mérida

11. Which Development Has the Most Floors? This is a hot topic, influenced by current legislation and architectural skill. As of now, the development with the most floors is Manglar in Cancún, with 22 floors.

12. How Many Developments Have Launched This Year? From January to date, we have added an average of 12 developments per month to The Red Search platform across various areas. Tulum continues to lead in pre-construction projects, followed by Playa del Carmen and now the Yucatán Coast. Progreso, Puerto Morelos, and Cancún are also strong competitors in the pre-construction industry

Gaspar Michel

Gaspar Michel is a real estate agent in Tulum. I have lived in the Riviera Maya for 3 years and I can help you navigate the pros and cons of each city. I can help you if you are looking to buy a new home for yourself/family, a vacation rental, and/or both. I can help you find your dream home even if you are not a Mexican citizen.