Tulum was recently voted the second best beach in the world
If you’re in the market for a home near a sugar white-sand beach, under the cool shade of palm trees…at early-in, ground-floor pricing…then Tulum should be on your radar.
Tulum is a small town at the southern end of Mexico’s Riviera Maya. Today, Tulum is a couple of non-descript streets…beachfront hostels, bars and boutique hotels. That’s set to change…like Playa del Carmen started to change 10 years ago.
The best beaches in Mexico are here. Tripadvisor’s 30 million readers rank Tulum as the #2 “Beach and Sun” destination worldwide. A major government investment is targeted at attracting high-end tourists and developing high-end tourism infrastructure. This is a Fonatur project. These guys make things happen. Look to Cancun to see what they can do to quiet spots on the beach.
Fifteen minutes from Tulum you’ll find my #1 resort rental play. (Members of Real Estate Trend Alert got in with special members-only pricing and terms last year.) This is what I call a Gilt Resort deal. When you close on your condo, you immediately rent it to the resort operator and receive a fixed monthly rent. You aren’t responsible for the fit out, or any costs or headaches for the duration of your lease.
I like this deal for several reasons.
The resort and the amenities are top class. The group who owns the resort is experienced and has deep pockets. A rental guarantee (or any guarantee) is only as good as the group making it—this group is strong. They also own Europe’s second biggest travel agency, which sells and runs 2.5 million vacations every year. They own and operate 18 major five-star resorts. Their hotels along this stretch of coast have been operating at 88% occupancy for the past 10 years.
I know and trust the developer. I’ve seen his work. It’s impressive. The units here will be part of the resort group’s luxury collection…the highest-end suites in the resort. High-end units like this are where the market in Tulum is moving. These are perfect for the visitors attracted to Tulum.
With units available from $159,000 I expect to see strong capital appreciation. A $159,000 unit pays out $9,000 a year in rent. That’s net-net…you aren’t responsible for any costs.
Phase 1 units will be delivered this month. Owners start getting rental income from August 1st. Phase 1 is fully sold out. Most of the buyers are members of Real Estate Trend Alert and IL readers. Phase 2 is fully sold out. Phase 2 sold to a group of connected Mexican investors. Some of this group are involved in development in diverse capacities from project design to planning. They know development and they know what’s happening on the ground. It’s reassuring to hear that a group like this has invested here.
Ten units are currently available in Phase 3. Prices start at $159,000 and you can get in with just $15,000 down. The early-in buyers had to rely on renderings and a promise. Now you can visit and see what a completed unit looks like. I strongly urge you to do this.
Your fellow IL readers who visited have been impressed. In fact 85% of them bought. With completed units available to touch and feel, the remaining inventory will sell fast.
Editor’s Note: Ronan McMahon is the Executive Director of Pathfinder (International Living’s preferred real estate advertising partner), which focuses on opportunity for gains in strategic pockets around the world-before most folks have even heard of them. He writes for Pathfinder’s real estate investment service, the Real Estate Trend Alert.
