Andalucia Condo
Overview
The property is strategically positioned on Calle 20 near Av. 115, placing it 350m from Av. Constituyentes, 700m from Av. Juárez, and 3.4km from 5th Ave. This location provides direct access to essential commercial corridors while maintaining proximity to major retail anchors such as Plaza las Américas (1.5km) and Centro Maya (3km). The development includes a roof garden and on-site parking, offering tangible lifestyle and functional assets that support long-term occupancy and value retention.
Investment Thesis
Investment Memo: Andalucia Condo
Analyst Verdict
The Andalucia Condo presents an intriguing opportunity in Playa del Carmen's Ejido zone, primarily due to its 'Immediate Delivery' status, effectively de-risking construction and developer execution. The entry price of $2,234 USD/m² appears competitive, especially for a fully built product in a market experiencing consistent growth in tourism and rental demand. The limited inventory of 1 and 2-bedroom units caters directly to the high-demand short-term rental market, suggesting strong potential for attractive yields.
While the developer's track record remains unknown, the critical factor here is the completed construction. This shifts the investment focus from development risk to market absorption and rental performance. The Ejido zone, while not as central as some prime areas, is a developing area with potential for appreciation as Playa del Carmen expands, offering a more accessible entry point for investors seeking yield in a popular tourist destination.
💰 Valuation & Yield Logic
- Entry Basis: $2,234 USD/m² - Analyzed as Fair for this zone, offering a competitive entry point for a completed development.
- Rental Demand: Playa del Carmen's tourism sector is projected to remain robust through 2026, with strong demand for 1 and 2-bedroom units. Average daily rates (ADR) in the Ejido zone for 2-bedroom units can range from $100-$200+ USD depending on seasonality and amenities.
- Scarcity Factor: Limited inventory of only two units (one 1-bed, one 2-bed) suggests a quick absorption potential if priced correctly and marketed effectively.
📍 Location Maturity
The Ejido zone is a developing area in Playa del Carmen, characterized by a mix of local residences and emerging tourist-oriented developments. While not as established as Quinta Avenida, it benefits from proximity to major access roads and offers a more local experience, appealing to a segment of tourists. Infrastructure is steadily improving as the city expands westward.
🏗️ Developer Profile & Status
The developer's name and track record are unknown. However, this project is an 'Immediate Delivery' development, meaning the building is fully constructed. This significantly mitigates the typical execution and construction risks associated with pre-sale developments, shifting the focus to the quality of the finished product and market acceptance.
*Analysis based on current market listings.
Amenities
Information for Social is currently being updated.
Wellness & Recreation
Information for Wellness is currently being updated.
Services & Comfort
Information for Services is currently being updated.
Neighborhood
Doorstep Experience
The immediate surroundings of Andalucia Condo present an inviting array of local treasures, ensuring that unique shopping and discovery are always just a stroll away.- 🛍️ Casa Artisan Show Room - An 8-minute walk reveals this unique establishment, perfect for discovering handcrafted goods and supporting local artistry, enriching the resident's lifestyle with cultural immersion.
- 👗 PERLA BOUTIQUE - Just a 7-minute walk, this boutique offers a curated selection, providing residents with convenient access to stylish apparel and accessories.
Neighborhood Highlights
Beyond the immediate vicinity, a short drive from Andalucia Condo unlocks a world of wellness, fitness, and unique Riviera Maya experiences, catering to an active and adventurous lifestyle.- 💆♀️ KUKU - A mere 5-minute drive leads to this spa, offering residents a convenient escape for relaxation and rejuvenation after a busy day.
- 🏋️♀️ Ursus GYM - For those committed to their fitness routine, this gym is just a 4-minute drive, providing easy access to a comprehensive workout facility.
- 💪 IRON GYM - Another excellent fitness option, this gym is also only a 4-minute drive, ensuring residents have choices for maintaining their health and strength.
- 🌸 MÍA SPA, MASSAGE - A 10-minute drive transports residents to this beauty and wellness haven, perfect for indulging in pampering treatments and self-care.
- 🏃♀️ Sport Gym - Located within a 9-minute drive, this gym provides another accessible option for residents to pursue their fitness goals.
- 🤿 THE CENOTE GUY - CENOTE DIVING - Adventure awaits just a 9-minute drive away, offering residents the unique opportunity to explore the stunning underwater world of cenotes, embodying the adventurous spirit of the Riviera Maya.
