Key Factors to Consider When Comparing Beachfront Properties in the Riviera Maya
When comparing properties, especially beachfront ones, several crucial factors come into play. Whether you’re looking for a house or an apartment, proximity to the sea, size, condition, and amenities all significantly influence the property’s value and appeal. This guide will help you understand these factors and make an informed decision when choosing your next investment or dream home. Here, we break down the key elements to consider when evaluating luxury properties in sought-after locations like Cancun, Playa del Carmen, and Tulum.
As we know, and if not, this blog will help us understand it better: when comparing properties, we must consider five factors:
- Type of property
- Location
- Size of the property
- State of Conservation
- Amenities
Type of Property: In this case, we will refer to houses or apartments for sale in front of the beach. Houses are typically more expensive than apartments because they are larger, offer more privacy, and are usually acquired for living in. Apartments, on the other hand, are often purchased for investment purposes.
Location: The closer the properties are to the sea, the higher their price will be. For example, in the same project, units without an ocean view are approximately 25% cheaper than oceanfront units.
Size: A 3-bedroom house has a unique price compared to compact 1 to 2-bedroom apartments, which are attractive options for those looking to invest.
State of Conservation: To maintain a good resale value, it is crucial that the property is in good condition, as this will significantly influence the price.
Amenities: Amenities are a fundamental part of choosing a property, especially when it is acquired for investment, as they add value to the property.
Attached are comparative prices of luxury properties in front of the Caribbean Sea (Cancun, Playa del Carmen, and Tulum).
| Complex | Bedrooms | Bathrooms | Parking Spaces | Total Space | Price per M2 MXN | Price X/R $18.50 |
|---|---|---|---|---|---|---|
| Portofino apartment in Cancún (hotel zone) | 2 | 2.5 | 2 | 170.00 | $ 6,200.32 | $1,054,054.05 |
| NOVO Cancun- luxury apartment in Puerto Cancun | 3 | 3.5 | 2 | 245.00 | $ 4,191.95 | $1,027,027.03 |
| Depto en Venta en SLS Beach Tower | 3 | 4 | 2 | 258.00 | $ 9,108.53 | $2,350,000.00 |
| Costa Residences & Beach Club-Corasol Playa del Carmen (Tower 3/6A) | 3 | 3 | 1 | 313.00 | $ 5,011.97 | $1,568,745.95 |
| Costa Residences & Beach Club-Corasol Playa del Carmen (Tower 3/5B) | 3 | 3 | 1 | 313.00 | $ 4,807.14 | $1,504,635.30 |
| Mangrove Cottages Condos-Ritz Carlton (1-2 story) | 3 | 3 | 1 | 278.71 | $13,275.45 | $3,700,000.00 |
| Beachfront Estates Condos-Ritz Carlton (3 story) | 5 | 5 | 1 | 418.00 | $23,684.21 | $9,900,000.00 |
| Tulum Tankah PH for sale | 3 | 3 | 1 | 90.00 | $14,414.41 | $1,297,297.30 |
| Acalay Beach Tankah condo for sale | 3 | 3 | 1 | 239.00 | $ 8,276.15 | $1,978,000.00 |
| PH with private pool in Tulum Tankah | 3 | 4.5 | 1 | 236.00 | $ 6,756.76 | $1,594,594.59 |
| Average price | CUN | $6,500.26 |
| PDC | $11,694.69 | |
| TULUM | $9,815.77 |
Conclusion
When comparing beachfront properties in the Riviera Maya, it’s essential to consider various factors to ensure you make an informed decision. The type of property, its location, size, state of conservation, and available amenities all play crucial roles in determining the property’s value and suitability for your needs. By carefully evaluating these aspects, you can find the perfect home or investment property that offers both comfort and potential for appreciation. Whether you’re seeking a luxurious residence or a smart investment, understanding these key factors will guide you toward making the best choice in this beautiful and sought-after region.
