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Blu 38
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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.
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.
PRICE
N/A
From $136,512 USD
CITY
N/A
Playa del Carmen
REGION
Centro
BEDROOMS
0
SURFACE
35
-
35
m2
UNITS
1
Units Available
ANALYST RATING
Standard
SALES VELOCITY
95
%
FINANCING PLANS
N/A
Available
DEVELOPER
Grupo Desarrollador Inmobiliario Vereda
DELIVERY DATE
Details Upon Request
DEVELOPER STATUS
LISTING UPDATE
December 10, 2025
Presentation Video
Developer ProfileOfficial BrochureWant to know more about
Blu 38
?
| Model / Typology | Size (m²) | Bedrooms | Sales Velocity | Starting Price (USD) | Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Studio ▼ 32.00 - 35.00 0 1 left ~$137,069
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Explore Financing PlansHOA Fees ESTIMATIONHOA 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 ListAvailability MapContact us
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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.
December 10, 2025
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 ReportInvestment 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 SIMULATOREstimated Closing Costs & Fideicomiso
Disclaimer: These are data-driven estimates for planning purposes only. The final calculation (cálculo) and all legal fees are confirmed by your Notary Public (Notario Público) at the time of closing.
Estimate based on a starting price of $137,069 USD
1. Percentage-Based Costs (Tied to Price):
- Acquisition Tax (ISABI): ~$4,523
- Notary, Registry & Admin Fees: ~$3,842
2. Fideicomiso (Bank Trust) Setup (Flat Fees):
- SRE Government Permit: $1,200
- Bank Establishment Fee: $1,000
Estimated Total One-Time Cost:
~$10,565 USD
This represents approximately 7.7% of the property's value.
~$10,565 USD
This represents approximately 7.7% of the property's value.
Recurring Annual Cost
You should also budget for the Annual Fideicomiso Fee of approximately ~$600 USD, paid to the bank each year to maintain your trust.
5-Year Outlook Investment Calculator5-Year Outlook Calculator
Gross Annual Income$0
Net Operating Income$0
Capitalization Rate0.0%
Contact us
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.
