Location, location, location. The closer you get to the Caribbean and to the centre of town, the higher the price tag. As part of our continuing series, “What It Costs to Live in Mexico” we talked about the cost of real estate on the colonia side of Puerto Morelos. This time we will explore beach house prices.
Prices on the port side of the town, near the beach, generally start at over $200,000 USD. Due to the fluctuating Mexican Peso, prices are regularly quoted in US dollars. When we bought our home, the price was quoted in USD, but when the deal was signed the price was converted to Mexican pesos at the current exchange rate.
Here are a few examples of what you can expect to pay on the port side of Puerto Morelos. These prices would be similar for Playa del Carmen, Akumal and Puerto Aventuras.
The best deal in town right now is a 2 bedroom/2 bath, 123 m2 (1323 sq. feet), fully furnished condo with a common pool. This property is 1 block from the beach and about 4 blocks to the town square. The asking price is $210,000 USD. Because this is a condo, there are monthly fees.
The price jumps quite a bit when you go to a beachfront condo in the central part of town. There are cheaper ones, but they are much further from town square or on a less attractive part of the beach (near the port). This luxury condo is a slightly larger, more upscale 2 bedroom/2 bath condo at 150 m2 (1657 sq. feet), with a shared pool, monthly condo fees apply. The asking price is $579,000 USD.
A way to combat the price of the beachfront condo is to go with one that has an ocean view, like this 2 bedroom/2 bath, 149 m2 (1598 sq. feet) that is fully furnished, with a pool, steps from the ocean. It is listed at $349,000 USD plus monthly condo fees.
As you can see there is a big price difference depending on how close you are to the water.
Single Family Homes
Unlike some communities down the coast, there are several single family homes in Puerto Morelos. Again, location is the key factor in buying a house. People generally want to be close to or on the beach, plus close to the square. Single family homes off the beach usually starts at around $400,000 USD. A full lot (there are half lots in town) are about 11 m x 22 m. To give you an idea of houses on the market, this home is 4 bedrooms/5+ bath, 24.86 m2 (2677 sq. feet) with a pool. It’s asking price is $520,000 USD.
Currently there are no single family homes for sale, on the beach, in the most popular part of town. To give you an idea of what a home on the beach would cost, here is a home that is located in the north part of Puerto Morelos. This would require you to have a bike or car to get to restaurants and shops. It is a 5 bedroom/7 bath (I am not sure there are any small homes on the beach 🙂 ) 325 m2 (3500 sq. ft) on a large lot (900 m2) with a pool. The asking price is $949,000 USD. This is on the low end of the price scale for single family beach front homes.
Between rental apartments, homes in the colonia and the homes on the port, there is something for every budget. To learn more about the nuts and bolts of buying a home in Mexico, we suggest you take Mayan Riviera Properties weekly “Ask A Realtor” workshop. It is free and offered every Wednesday at 5 p.m. during high season. If you are not in town, you can take their online tutorial. It will answer many of your questions about buying real estate, living, working and retiring in Mexico.
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