Penthouse Studio on 5th Avenue Bis in Playa del Carmen P4016
$308,034≈ MX$5,735,000
- 2Bedrooms
- 2Bathrooms
- 1,292 sq ftArea
About this home
Great market opportunity with an excellent return on investment! ONE-OF-A-KIND OPPORTUNITY. Price reduced from MXN 6,200,000 to just MXN 5,735,000 Overview * Type: Penthouse with 2 independent studios (ideal for renting together or separately). * Location: In the heart of Playa del Carmen, half a block from Fifth Avenue, steps from the famous Calle 38, and just a few blocks from the beach. Layout and Features * Multifunctional Design: Property divided into 2 independent studios (vertical lock-off style) in a penthouse layout. Offers total flexibility to maximize rental income. * Natural Light: Very spacious, airy rooms with excellent natural light. * Outdoor Areas: Private terrace perfect for relaxing and enjoying the tropical surroundings after a day at the beach. * Rooftop Area: Direct access to the shared rooftop, which features a pool and a sun lounger area for sunbathing. * Parking: 2 parking spaces with full title deeds. Investment Potential and Return on Investment * Proven Return: The two units generate an average monthly income of $38,000 MXN through a vacation rental program. * Business Strategy: Double your occupancy potential by renting both units simultaneously to different guests or by living in one and renting out the other. Financial Details * Financing Status: Eligible for purchase with a mortgage. * Bargain Price: 5,735,000 MXN. * Maintenance Fee: 2,400 MXN per month. P4016 KC Century 21 Caribbean Paradise
Buying in Mexico as a foreigner
Yes, foreigners can buy property in Mexico.
Outside the restricted zone they may acquire directly, subject to applicable procedures. For residential purposes within the restricted zone, an authorized bank trust is commonly used.
- Near coasts and borders
- The Mexican Constitution establishes a restricted zone extending 100 km along borders and 50 km along coastlines.
- Residency
- Property investment of ~$220,000 USD (amount varies by exchange rate) can qualify you for Temporary Residency.
- Taxes and closing costs
- They depend on the state, the municipality and the property itself, so there is no single national figure. Ask the agent or our Concierge for an estimate on this home.
- Financing
- Financing for foreign buyers exists, but depends on the lender, residency, income, credit profile, down payment, location and property type.
How buying works
Legal due diligence
Verify ownership, deed, liens, land use, property tax, water accounts, condominium regime and applicable permits.
Offer and contract
Define price, currency, deposits, conditions, timelines and default consequences.
Permit or trust
Determine whether direct acquisition, a Foreign Affairs permit or a restricted-zone trust applies.
Notarial closing
The notary formalizes the transaction, calculates or withholds applicable charges and handles registry filing.
This information is general and educational. Legal, tax, immigration and purchase requirements may change and should be verified with a notary, attorney or authorized adviser in the state where the property is located. Research last reviewed July 2026.
Amenities
Indoor & Comfort
- Furnished
Outdoor & Recreation
- Terrace
- Balcony
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$308,034
