You’ll find one of the most stunning areas on my beat on the southern edge of Mexico’s Riviera Maya. Its white-sand beaches, ancient ruins, white-bottomed lagoons, nature preserves, caves and cenotes (underwater caves) make it stand out—so much so that vacationers and expats are increasingly flocking here.
But despite its growing popularity, there is still a window of opportunity on Mexico‘s Caribbean coast.
Fifteen minutes from the ancient ruins and a buzzing beach town, you’ll find a community of condos and townhomes. It is ideally situated inside a luxury resort—one that is dotted with multi-million dollar homes.
Owners here have every amenity on their doorstep. Amenities include 11 gourmet restaurants, 21 bars, a medical center, a spa and gym and shopping.
This community is also located alongside an impressive 27-hole signature golf course. It’s a short shuttle ride to a powder-sand beach. At the centerpiece of this development, you’ll find the Wellness Center with its lap pools, yoga classes and fitness suite.
The price range for homes here may surprise you. Designing smaller, higher density homes and a clever use of outside space has allowed the developer to build an affordable community without sacrificing on luxuries.
Communal gardens are immaculately maintained and all you have to do is lock the door and leave—it’s hassle free.
Buying a “lock and leave” home in the resort may be a smart move if you plan on renting it out to help cover its running costs. You might even make a profit…if you do it wisely.
The rental market in this area is strong—and the homes in this community are the perfect fit for the well-heeled tourists that travel here. A Canadian couple recently bought a penthouse in this community. They’ve just set up a company to offer rental management services to fellow owners.
They will find renters for the condos and townhomes they manage. Today you can rent a townhome in this resort from $135 per night direct from the owner on VRBO. That’s the rental rate while construction is ongoing and before any marketing push. Launch rental rates look set to range from $1,500 to $2,500 per week for condos in this community, rising to $2,750 per week for townhomes. I’m bullish about the rental market here. These figures sound ambitious to me in the short-term…but, an achievable target as they grow marketing momentum. Buying a home here could turn into quite the little earner.
You don’t even have to deal with the practicalities of renting out your place, should you decide to use it only part-time. This Canadian couple, Kevin and Maureen, will offer full rental management services. They’ll create a reservations system and market the resort through a website. Owners will be able to upload their own photos. They can also add little extras to make sure their home is more desirable—getting a cable package with all the sports channels, for example, so renters can follow their favorite football or hockey team.
Kevin and Maureen will charge a very competitive 25% fee. This includes marketing, concierge service, hand-over, and cleaning. The renter will be offered additional services including pre-arrival grocery shop (believe me, this is priceless) and airport pick-up. These will be billed separately to the renter.
Members of my Real Estate Trend Alert group can buy in this community with an unbeatable deal. While the list price on two-bedroom resort condos starts at $201,000, RETA members pay $14,070 less…or $186,930.
Payment options are flexible. Once you make a reasonable down payment you can negotiate how you’d like to spread out your payments over the construction period. The further out the delivery date, the lower your monthly payments. When I last visited I saw monthly payments of $800 mentioned.
The developer has thrown in some other goodies too: a 10-year free membership to the Wellness Center, a $5,000 credit toward your furniture package, and $1,000 toward travel expenses.
I gave RETA readers my full report on this opportunity recently—and told them how they could come to see this development, in person, for free on an all-expenses-paid trip.
Editor’s Note: Ronan McMahon lets his Real Estate Trend Alert members know about special, limited opportunities like these off-the-radar deals…and he looks for these opportunities in places all over the world. For more information, see here.