This 2 bedroom, 2 bath 1311 sqft condo is located in the small luxury condo development of Icono Playa. Icono Playa is located in the heart of downtown Playa Del Carmen. Enjoy a 5 minute walk to 5th ave or the beach. Close enough to the action to feel that your condo is part of it, but enough space to relax on your 4th floor deck or ocean view... See full listing
Riviera Maya Real Estate
Due to the vigorous tourist economy and accelerated demographic growth, Riviera Maya real estate represents one of the most attractive markets in the world. Travel + Leisure magazine reported that “not so long ago, Mexico's Riviera Maya was a sleepy stretch of Caribbean coastline. Now every hotel group wants in on the action.”
Riviera Maya real estate offers enviable stability not seen in other global markets thanks to the mostly cash based purchasing practice of Mexico, its ideal location, ideal temperate climate, and ideal natural beauty and resources. This stretch of Caribbean coastline, just south of Cancun down to Tulum, is all aglow and for good reason: foreign tourism is Mexico's third largest revenue source at $13 Billion USD per year and the Riviera Maya helps generate over 70% of it. The Mexican Government projects a six-fold increase in tourism investments in this area by 2012 plus development for a new international airport which means now is an ideal time to make a lucrative investment decision in Riviera Maya real estate.
The explosive growth of this region is not the only draw to the Yucatan peninsula; once you pay a visit to the Riviera Maya, you'll want to stay forever. The average annual temperature ranges from 77 – 86 degrees F and the crystalline turquoise Caribbean Ocean, 84 – 86 degrees F. With the recent expansion of the Cancun–Tulum highway (a 2 hour drive), access has become even easier to discover all that the area has to offer: dine on gourmet cuisines, shop luxury brands, dance in a multi-million dollar nightclubs, explore and ponder the ancient Mayan ruins of Chichen Itza, Coba, and Tulum, snorkel and scuba dive the 2nd largest reef on the planet, fish, golf, pamper yourself at luxury spas, zip line through jungles, dive into an underground cent, or just find solitude and relaxation in a hammock and a good book on what Conde Nast calls “the world's best beaches.”
Growth of the Riviera Maya
In 1995 there were approximately 1,470 hotel rooms in the Riviera Maya around Cancun and Playa del Carmen, and today there are over 39,000. A few years ago, according to The Guinness Book of World Records, Playa del Carmen, by a rate of 26 % annum, was “The world’s fastest growing town”. However, due to laws restricting the height and density of the newly erected buildings, the Riviera Maya does not and will never have that “Metropolis Cancun” look and feel. Within just a few years, this former accumulation of rural, quaint fishing villages has developed into a world class travel destination offering incredible opportunities for business entrepreneurs and real estate investors alike. Some of the biggest names in hotels have moved in and with it a cosmopolitan and diverse style and way of life.
Some of the key indicators of the Riviera Maya’s explosive growth are listed below:
New International Airport in Tulum, currently taking bids
New terminal in Cancun
New four lane highway to Belize border
Proposed train from Cancun to Tulum
Large developers: Rosewood, Viceroy, Fairmont, Mandarin Oriental, Four Seasons, W-Hotels, Banyan Tree, Capella (Ex CEO of Ritz Carlton)
Spanish developers: Spanish banks Bancaja, Banco de Valencia, Bancaja Habitat invested $300 Million. ™ Developers who built 15,000 units in Spain last year are doing their first project here called "The Fives". OHL constructing Mayakoba a PGA Golfing community with five 5 star resorts- Fairmont, Viceroy, Rosewood, Banyan Tree and the fifth resort to be announced. Bahia Principe constructing a community on a Robert Trent Jones Golf course.
Golf courses- 5 years ago there were no Championship courses in the whole of Mexico. Now between Cancun and Tulum there are 8, with 5 more currently under construction.
Corona commercial shoots
World’s second largest barrier reef
Chichen Itza was recently named one of the New Seven Wonders of the World
Largest cruise ship terminal in the world
We offer the largest selection of Riviera Maya real estate for sale: Riviera Maya condos, Riviera Maya homes, Riviera Maya land and lots, Riviera Maya investment property and more.
About Investment Properties Mexico:
Investment Properties Mexico is the #1 real estate company for Mexico real estate on the Internet. We work with the largest independent brokers and developers in Riviera Maya real estate and together we represent over 95% of all properties listed in Riviera Maya. We have access to over 20,000 listings in Mexico including all Riviera Maya real estate and can quickly find exactly what you need.
We are a buyer's agent so our services are always 100% free of charge to the buyer, and our customers know our goal is to help them buy smart and buy secure.
Right now you can easily pre-qualify for Mexico Mortgage and financing loans for Riviera Maya real estate up to $500,000 USD or more with as little as 10% down and rates starting at 4.25%.
Let us to help you make your dream of a Riviera Maya home or real estate investment a reality.