Blu 38

Image of Swimming Pool at Blu 38, featuring Private Plunge Pool, Luxury Terrace.
View of Open Concept Living at Blu 38, showcasing Modern Interior, Living Room.
View of Open Concept Living at Blu 38, showcasing Modern Interior, Kitchen Island.
Image of Garden at Blu 38, featuring Modern Bedroom, Studio Apartment.
View of Studio Apartment at Blu 38, showcasing Modern Kitchenette, Compact Living.
View of Modern Bathroom at Blu 38, showcasing Walk-in Shower, Glass Shower Screen.
No items found.
View of Studio Apartment at Blu 38, showcasing Modern Interior Design, Open Concept Living.View of Studio Apartment at Blu 38, showcasing Modern Interior Design, Compact Living.
Blu 38 is a boutique condo development located in the vibrant Zazil Ha neighborhood, offering a unique blend of tranquility, luxury, and modern living. This project features 22 total apartments , including 20 stylish studios and 2 exclusive one-bedroom penthouses . Each unit is delivered fully furnished and equipped with modern amenities, such as an inverter A/C, a built-in closet, a terrace, and an integrated wireless sound system. The development is a project by Grupo Desarrollador Inmobiliario Vereda , a group with over 26 years of experience in development, construction, and investment. Available property types include Condo , Penthouse , and Studio .

The strategic value of Blu 38 lies in its prime location, just a 10-minute walk from the Caribbean Sea and steps away from shopping centers, restaurants, and supermarkets. The development boasts modern design and first-class amenities , including a stunning infinity pool, a sky bar, a BBQ area, and ample seating space with Wi-Fi access. Residents and guests can also enjoy a private, residents-only gym, 24/7 security, an elevator, and concierge services, ensuring a seamless and secure living experience. The proximity to Quinta Avenida and the Caribbean Sea offers an unbeatable lifestyle with access to shopping, dining, entertainment, and water activities. With its unique features and strategic advantages, Blu 38 presents a smart investment opportunity, positioned for long-term value due to its prime location and exclusive amenities. Note that Blu 38 does not offer developer financing, allowing buyers to explore external financing options that best suit their investment goals.
Presentation Video
Developer Profile
Official Brochure
LOCATION
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PRICE
N/A
From $136,512 USD
CITY
N/A
Playa del Carmen
REGION
Centro
BEDROOMS
0
TYPES
Condo
Penthouse
Studio
SURFACE
32
-
70
m2
UNITS
1
Units Available
AI RATING
Standard
SALES VELOCITY
95
%
FINANCING PLANS
N/A
Available
DEVELOPER
Grupo Desarrollador Inmobiliario Vereda
DELIVERY DATE
Details Upon Request
DEVELOPER STATUS
LISTING UPDATE
January 17, 2026
Model / Typology
Size (m²)
Bedrooms
Sales Velocity
Starting Price (USD)
Assets
Jardín
39.00
N/A
0 left
SOLD OUT
UnitStatusPrice (USD)Size (m²)Floor PlanImages
01SoldN/A39.00ViewImg 1
02SoldN/A39.00ViewImg 1
Ph
70.00
N/A
0 left
SOLD OUT
UnitStatusPrice (USD)Size (m²)Floor PlanImages
501SoldN/A70.00ViewImg 1 Img 2
502SoldN/A70.00ViewImg 1 Img 2
Studio
32.00 - 35.00
0
1 left
~$141,619
UnitStatusPrice (USD)Size (m²)Floor PlanImages
101SoldN/A35.00ViewImg 1 Img 2
102SoldN/A35.00ViewImg 1 Img 2
103SoldN/A32.00ViewImg 1 Img 2 Img 3
104SoldN/A32.00ViewImg 1 Img 2 Img 3
201SoldN/A35.00ViewImg 1 Img 2
202Available$141,61935.00ViewImg 1 Img 2 Img 3 Img 4 Img 5
203SoldN/A32.00ViewImg 1 Img 2 Img 3
204SoldN/A32.00ViewImg 1 Img 2 Img 3
301SoldN/A35.00ViewImg 1 Img 2
302SoldN/A35.00ViewImg 1 Img 2
303SoldN/A32.00ViewImg 1 Img 2 Img 3
304SoldN/A32.00ViewImg 1 Img 2 Img 3
401SoldN/A35.00ViewImg 1 Img 2
402SoldN/A35.00ViewImg 1 Img 2
403SoldN/A32.00ViewImg 1 Img 2 Img 3
503SoldN/A32.00ViewImg 1 Img 2 Img 3 Img 4 Img 5
504SoldN/A32.00ViewImg 1 Img 2 Img 3
Studio B
32.00
N/A
0 left
SOLD OUT
UnitStatusPrice (USD)Size (m²)Floor PlanImages
404SoldN/A32.00ViewImg 1 Img 2 Img 3
Explore Financing Plans
HOA Fees ESTIMATION

HOA Fee Estimation

Based on the amenities and luxury level of this property, the estimated monthly HOA (Maintenance) fee is expected to be in the range of:

$250 - $450 USD per month

Analyst's Reasoning: The estimate is in this range due to the presence of high-cost amenities like 24/7 security, a swimming pool, gym, and rooftop terrace, which suggest a moderate to high level of luxury and service quality. The concierge service also implies a higher level of staffing and maintenance. However, the relatively small number of units (22) helps to balance the cost, as the expenses are distributed among fewer owners. The price range of the condos, starting at $136,512 USD, further supports the expectation of a moderately high level of service and amenities, thus influencing the estimated HOA fee range.

Disclaimer: This is a data-driven estimate provided for planning purposes only. The final, official HOA fee will be confirmed by the developer or property administration.

Official Price List
Availability Map
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Image of Gym at Blu 38, featuring Fitness Center, Private Gym.
Image of Lobby at Blu 38, featuring Modern Lobby, Concierge Desk.
Image of Swimming Pool at Blu 38, featuring Rooftop Pool, Infinity Pool.
Image of Swimming Pool at Blu 38, featuring Rooftop Terrace, Infinity Pool.
Image of Ocean View at Blu 38, featuring Ocean View, Cityscape View.
Image of Gym at Blu 38, featuring Fitness Center, Building Gym.
Image of Lobby at Blu 38, featuring Modern Lobby, Reception Desk.
Image of Rooftop Terrace at Blu 38, featuring Rooftop Terrace, Outdoor Living.
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The essence of Blu 38 is distilled into a luxurious Caribbean living experience, where modern design, high-end amenities, and a prime location converge to create a unique retreat. With its sleek lines, minimalist aesthetics, and abundance of natural light, this studio apartment embodies the perfect blend of elegance and sophistication, ideal for discerning investors and individuals seeking a high-end vacation home or permanent residence.

  • 🏖️ Private Oasis: The private patio and stunning private terrace with a plunge pool offer a serene escape, blurring the boundaries between interior and exterior spaces and providing a tranquil atmosphere amidst the vibrant city.
  • 🌟 Luxurious Ambiance: The kitchenette's clean lines and modern fixtures, combined with the bathroom's sleek, well-lit design, create a masterclass in understated sophistication, perfect for those who appreciate refined living.
  • 🏋️‍♀️ Wellness Routine: The private, residents-only gym means you can maintain your wellness routine without ever leaving the sanctuary of the property, ensuring a healthy balance between relaxation and activity.
  • 🍴 Culinary Delights: The grill area and lounge provide the perfect setting for socializing and enjoying gourmet meals, while the proximity to Playa del Carmen's famous Quinta Avenida offers endless dining and entertainment possibilities.
  • 🌅 Rooftop Serenity: The rooftop terrace, with its breathtaking ocean view, becomes your private haven, ideal for watching the sunset or enjoying a relaxing evening under the stars.
Wellness & Recreation
  • 🏋️ Gym: Maintain a wellness routine without leaving the property.
  • 🏊 Swimming Pool: Relax and unwind in a serene pool environment.
  • 🌳 Garden: Connect with nature in a tranquil garden setting.
Social & Entertainment
  • 🍴 Grill Area: Host gatherings and BBQs with stunning ocean views.
  • 🍹 Rooftop Terrace and Lounge: Enjoy sophisticated social gatherings with breathtaking views.
Services & Comfort
  • 🚪 Parking and Security: Includes 24/7 security, parking, and a secure lobby for peace of mind.
  • 🛍️ Concierge: Personalized support for a hassle-free living experience.
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January 17, 2026

In a market defined by rapid absorption, Blu 38 presents a final, opportunistic entry point into Playa del Carmen's coveted Zazil-Ha neighborhood. With 95% of inventory sold, this last remaining studio captures a compelling valuation anchor, amplified by macroeconomic tailwinds that favor high-yield Mexican real estate. This is a rare moment to acquire a proven asset significantly below the neighborhood's average cost basis.

  • 🎯 Strategic Valuation: Secure this final unit at $3,500/m², a rate positioned competitively below the Zazil-Ha market average of $3,830/m², offering an immediate and quantifiable value proposition from day one.
  • 🚀 Proven Velocity: With 95% of the development already sold, the market has emphatically validated Blu 38's concept and desirability, significantly de-risking this final investment opportunity.
  • 🔑 Exclusive Scarcity: This is the last available studio in a sought-after modern development. Ownership represents a scarce and final chance to enter a successful project poised for long-term appreciation.
  • 📈 Macro-Economic Arbitrage: Capitalize on elevated U.S. mortgage rates, which are channeling American cash buyers toward high-value, high-yield opportunities in the Riviera Maya, creating a robust and motivated buyer pool.
Read the Full Data-Driven Analyst Report

Investment Brief: Blu 38

Playa del Carmen, Mexico | December 10, 2025
Analyst Rating Opportunistic

The Investment Thesis

The Blu 38 project presents a compelling investment case based on a strong valuation anchor, with its price per square meter ($3,500) positioned competitively at the low end of the range for its prime Zazil-Ha neighborhood. This attractive pricing is validated by exceptional sales velocity, with 95% of inventory absorbed, demonstrating clear market proof-of-concept. The macro opportunity is amplified by elevated US mortgage rates over 6%, driving US buyers towards cash-heavy, high-yield Mexican real estate, creating a favorable environment for this last remaining unit.

Key Valuation Metrics

Price / M²
$3,500 USD/m²
vs. Market Avg ($3,830)
Sales Velocity
95% Sold
Entry Price
From $136,512 USD
Scoring
79/100

Macro Tailwinds (The Bull Case)

  • Interest Rate Arbitrage: Banxico's interest rate is expected to remain significantly higher than the Fed's, supporting a strong MXN and attracting foreign capital.
  • Valuation: The project's pricing is below the city-wide average of $3,830/m² and at the bottom of the range for its desirable downtown neighborhood, offering immediate value.
  • Inventory: With 95% of units sold and only one studio remaining, the project benefits from proven demand and scarcity.

Risk Factors (The Bear Case)

  • Sentiment: US consumer confidence is trending downwards, with key indices at 17-month lows and signaling a potential recession, which could soften demand from American buyers.
  • Local Supply: While this project is nearly sold out, Playa del Carmen continues to see robust development, with an 8% year-over-year increase in home prices, indicating a competitive and growing market.
*Analysis generated via proprietary algorithm combining real-time macroeconomic data (Banxico/Fed spreads) with local inventory depth.
Fideicomiso and Closing Costs SIMULATOR

Estimated Closing Costs & Fideicomiso

Disclaimer: These are data-driven estimates for planning purposes only. The final calculation and legal fees are confirmed by your Notary Public (Notario Público) at the time of closing.

Estimate based on price: $141,619 USD

1. Percentage-Based Costs:

  • Acquisition Tax (ISABI): ~$4,673
  • Notary & Admin Fees: ~$3,970

2. Fideicomiso (Bank Trust) Setup:

  • SRE Permit: $1,200
  • Bank Setup Fee: $1,000
Estimated Total One-Time Cost:
~$10,843 USD
Approx. 7.7% of value
5-Year Outlook Investment Calculator

5-Year Outlook Calculator

Gross Annual Income$0
Net Operating Income$0
Capitalization Rate0.0%
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In the heart of Playa del Carmen, Blu 38 emerges as the epitome of luxury living, blending high-end lifestyle with savvy investment opportunities. This address is a masterpiece, carefully crafted to offer residents a life of unparalleled convenience, sophistication, and potential for significant returns. With its prime location, modern design, and first-class amenities, Blu 38 is the ultimate retreat for discerning investors and residents seeking a luxurious lifestyle in one of the city's most coveted areas.

The Doorstep Experience

The essence of Playa del Carmen's vibrant lifestyle is distilled within a short walk from Blu 38, where an array of culinary hotspots, cafes, and restaurants await discovery. This immediate vicinity is a testament to the area's thriving food scene, offering residents a diverse palette of flavors and dining experiences that cater to every taste and preference.
  • 🍴 Aloha Raw Bar - Just a 2-minute stroll away, this bar sets the tone for a vibrant nightlife, perfect for those who enjoy the finer things in life and the excitement of the city's social scene.
  • 🥐 Cafe Petit Peche - This charming cafe, also merely 2 minutes from Blu 38, offers a quaint and delicious start to the day, embodying the casual elegance that defines the lifestyle of the property's residents.
  • 🍞 FRANCESCA the Italian Bakery - A 6-minute walk leads to this Italian bakery, a haven for those with a sweet tooth and a penchant for authentic Italian cuisine, further enriching the gastronomic experiences available to residents.
  • 🍴 La O - Located 7 minutes away on foot, this restaurant is a culinary gem, offering residents a sophisticated dining experience that aligns with their refined tastes and expectations.
  • 🍴 Bajo Cafe - An 8-minute walk from Blu 38, Bajo Cafe is another example of the area's thriving culinary scene, providing a cozy atmosphere for breakfast, lunch, or dinner, and contributing to the overall appeal of the neighborhood.


Neighborhood Highlights

Beyond the immediate doorstep of Blu 38, the surrounding neighborhood unfolds with a plethora of attractions and amenities, each contributing to the allure of this luxury retreat. From pristine beaches to wellness and fitness centers, every aspect of the lifestyle envisioned for residents of Blu 38 is meticulously catered for.
  • 🏖️ Encanto Beach - Just a 5-minute drive away, this stunning beach offers residents a serene escape, complete with amenities for a perfect day of relaxation and leisure, underscoring the property's potential for a high quality of life.
  • 🧖‍♀️ MÍA SPA, MASSAGE - For those seeking wellness and pampering, MÍA SPA is a mere 5-minute drive from Blu 38, providing a serene and rejuvenating experience that aligns with the luxury lifestyle promised by the property.
  • 🏋️‍♀️ Evolve - Located 4 minutes away by car, Evolve represents the pinnacle of fitness and wellness, offering residents state-of-the-art facilities and expert guidance to maintain a healthy and active lifestyle, a key component of the Blu 38 experience.
  • 🧘‍♀️ Holos Spa - A 3-minute drive leads to Holos Spa, a tranquil oasis dedicated to holistic well-being, where residents can indulge in a variety of treatments designed to nurture both body and mind, further enhancing their quality of life.
  • 💆‍♀️ Veronicas Massage Gold - Also just a 5-minute drive away, Veronicas Massage Gold offers specialized massage therapies, ensuring that every aspect of wellness is catered for, and that residents can enjoy a truly pampered lifestyle.
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View of Modern Kitchenette at Blu 38, showcasing Stainless Steel Appliances, Breakfast Bar.Image of Ocean View at Blu 38, featuring Studio Apartment, Modern Interior.View of Modern Bedroom at Blu 38, showcasing Private Patio, Indoor-Outdoor Living.

Playa del Carmen

: Market Analysis

Playa del Carmen is the energetic heart of the Riviera Maya, defined by its bustling, pedestrian-only Fifth Avenue packed with shops, restaurants, and bars. It offers a lively, cosmopolitan hub with vibrant beach clubs, making it the perfect central base for exploring the entire region.

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