Playa del Carmen is going way upmarket and luxury real estate prices are following suit…
Marila is one of Playa del Carmen’s new premium buildings. It was delivered last year close to 5th Avenue. You’ll pay $250 a night to rent a two-bed…or $4,500 a month if you’re staying longer term. To own prices are from the mid $600,000s.
Hello from the beachfront Grand Hyatt in Playa del Carmen…
I must keep it short today as I’m in the midst of The Gathering XI.
The Gathering XI is the annual club meet-up of Real Estate Trend Alert folks who are Lifetime members. (Find out about RETA Lifetime here.)
We’ve had a busy morning. In just the last few hours…
- We’ve heard about the next big thing in Portugal…a place with a real estate play I’m so bullish on I bought a historic mansion there last year.
- Attendees got the low down on incredible dream beach homes on the Emerald Coast of Nicaragua…
- And I introduced the new guide of our RETA Academy, Genviève Vienneau, who’s just off the back of a mammoth scouting trip around the Yucatan Peninsula. (If you’re a RETA member I’ll tell you all about the RETA Academy in the coming weeks. It’s going to be a valuable resource for us all.)
We also heard about mind-blowing bargains in Sicily from my scout Ciaran Madden. “Some hill towns in Sicily are getting an influx of new buyers, leading to an incredible revitalization of those communities,” Ciaran explained to attendees…
“And yet, you can still pick up historic properties in these towns for as little as €15,000 to €40,000.”
And this morning we also learned about real estate opportunities in an extraordinary beach town ..styled as a European hill-town on a tropical Costa Rican beach…
That was just in the last few hours…a lot more to come at The Gathering XI!
Eoin Bassett’s been on my team a long time. Here he is last Monday being shown around Marila and Singular Dream. He couldn’t get into a condo in Singular Dream where I brought RETA members a deal, because every condo was occupied! Occupancy runs over 90% on condos there and members are sitting on big uplifts.
But the highlight of the morning was revealing our latest RETA opportunity…
It’s a chance to own in The Landmark and lock in what I expect will be gains of $201,600 five years after delivery. I conservatively predict gross rental yields in the region of 13% once The Landmark is established—and I’ve allowed plenty of time for personal use in my calculations.
The Landmark will be one of Playa’s most prestigious addresses. Though until today local brokers and real estate insiders knew nothing because this is an off-market deal for members of my Real Estate Trend Alert.
It’s another sign of the luxury market’s growth that we’re seeing around the Riviera Maya and Playa.
Click to watch: Eoin discussed the growth of the luxury real estate market with Playa real estate broker, Ana Tanasa.
The Landmark will be perfectly located just steps from the beach, 5th Avenue, and the city’s finest dining.
The Sky Club at The Landmark is going to be a huge private rooftop retreat—a half-acre of resort-level amenities…lush tropical gardens, an infinity pool with ocean views, a bar and grill, a wellness area, a signature restaurant, co-working space, sauna, steam room, and state-of-the-art gym.
A chic lobby will welcome owners and renters with the warmth of a boutique hotel—espresso aromas, refined elegance, a café-style ambiance.
The Sky Club at The Landmark will be a vast half-acre of luxury resort-level amenities for owners and their renters. I expect a gross yield of 13% once established and that’s allowing for personal use. (Renders shouldn’t be considered final but give us a great idea of what to expect.)
This afternoon attendees are going to have the chance to run the rule over The Landmark in person. They’ll be able to ask all their questions…and reserve…
(If you’re a RETA member you will get a deal briefing in the coming weeks and your chance to act, so stay tuned to your Real Estate Trend Alerts.)
Our RETA-only price is nuts.
At The Landmark our price is from just $318,400 for a two-bed condo.
To put that in context…
Isabella Living is a building under construction only a five-minute walk from The Landmark.
Just like The Landmark it’s a two-minute walk to all the action of 5th Avenue and the stylish Calle Corazon Mall. (It’s two or three minutes closer the beach.)
It promises an ocean-view rooftop, a nice rooftop swimming pool, solarium and grill area shaded by lush vegetation. But it’s certainly not the half-acre resort-level rooftop we’ll have
A two-bed condo of lists in Isabella Living for $585,329!
Right across the road from The Landmark is Olaya…a nice project under construction with list prices for a two-bed of $409,000.
That works out at around $469 a square foot…
But The Landmark is at a different level with The Sky Club and it’s half-acre of luxury resort amenities…
And the RETA-only price is around $355!
I have to go now!
I want to get more of the reaction of attendees here at The Gathering XI to our deal in The Landmark…
Wishing you good real estate investing,
P.S. Like I say, Eoin sat down by the rooftop pool of Singular Dream with broker Ana Tanasa to get her take on the Playa market and the deal RETA members had…
It’s short and well worth watching…
Uplifts of well over $200,000…over 90% occupancy from rentals…Singular Dream was a brilliant RETA-only deal.
Zagora, Tesalia, Greece
$120,200
This charming one-bedroom maisonette spans 990 square feet on a 10,275 square feet plot. It includes a living room, kitchen, bathroom, and storage space, with heating provided by a fireplace and convectors. The garden comes with a BBQ area.
Zagora is a historic village, perched at an elevation of 1,575 feet on the slopes of Mount Pelion, between dense forests and the sparkling Aegean Sea. It became a major trading hub in the 18th century and flourished during Ottoman times as a self-governed community, leading to the establishment of the Zagora Library and the Hellenic Museum, which houses rare manuscripts and books.
The picturesque village has grand mansions with traditional Pelion architecture of slate roofs and ornate wooden balconies. Visitors can explore the four main squares, each anchored by centuries-old trees, or hike the network of ancient stone paths connecting nearby beaches and mountain trails. During winter, snow transforms the landscape, offering dramatic views of the Aegean Sea.
