Advantages of A Playa Del Carmen Condo at Coco Beach
Coco Beach is, at the moment, the place at the northern end of downtown Playa del Carmen where all the tourist action ends and facing the sea; for now, the beaches beyond are pretty quiet and empty. But this is changing, the neighborhood is becoming more modern and the main focus of development is rapidly moving in this direction. For this reason, there are several real benefits to owning a Playa del Carmen condo in the Coco Beach community, including:
best beach in Playa del Carmen, Within Walking Distance.
The beachfront in this area is wide and spacious and completely sandy, with some palm trees for shade. Among the beautiful beaches that have made Playa del Carmen famous, this is perhaps the best.
Modern, Up-and-Coming Area
As already mentioned, along the beachfront of downtown Playa del Carmen, this emerging community shows the greatest potential to become the next hot spot, and it already is. With many young couples moving here, investors are already starting to buy condos in Playa del Carmen; There is already a restaurant/bar on the beachfront, and some activities such as jet ski rental and oriental massages. An Italian pizzeria has just opened on the corner of Fifth Avenue, the city’s main tourist street.
Fifth Avenue Within Walking Distance.
This street runs parallel to the beach just past the small neighborhood of Coco Beach, between 1 and 3 blocks from the beach – 3 blocks into Coco. Here, the pizzeria is the first most interesting place that appears; but three blocks to the south (about a 10-minute walk from the residential area) nice new plazas, upscale cafes, bars, and international restaurants are beginning to open. Just after this begins the heart of the tourist area of Playa del Carmen.
Invest Income of Vacation Rental.
For these same reasons, Coco Beach is a great choice for vacationers: close to all the action, yet still a quiet residential neighborhood. As Fifth Avenue continues to develop on one side of the community, and more beachfront activities appear on the other, this community will grow in attractiveness to tourists. Buyers who use their condo only for vacations can break even and even enjoy an income through rentals.
Increased property value.
A condo dedicated solely to generating income could be quite profitable (especially larger 3 or 4 bedroom units); Due to new development moving into this community, as well as new hotel development on the other, emptier side of the community, property values also have good potential to increase, making them a great investment option.
For those who are still not convinced, come visit Playa del Carmen and see for yourself the potential of this community.
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