Location : Santa Teresa
Price : $ 255,000 SOLD
Land Size : 1474 m2 or 0.36 acres
This lot is a true gem. It is one of the few small beachfront lots with concession, and the only one for sale in Santa Teresa.
Although the property isn’t technically beachfront as it is a lot back from the front, it has an unobstructed view of the waves as it is located on an easement road that extends to the beach. In the front is a white sand beach which boasts the areas best beach breaks (known as Banana Beach section of Playa Carmen). As the lot is located at the back, it is cheaper than what a front row lot would cost; making it a great value at this price.
The lot is zoned ‘residential/recreativa’, meaning construction can be done on 50% of the land. It also has a concession in order – 20 years – and has a maximum height of 5 meters (one story). The taxes for this lot are under $4000 per year.
Electricity and access to public water is already there.
The property is located in the middle of the town and a short walk away are many great restaurants, shops grocery stores,etc.
This property has extremely good potential to produce a sizable income and a villa built here would easily be rented out for top dollar year round!