Affordable Palapa House for Sale in Gated Community just Steps from Glorious Beach

Property Number: 579

Paamul, Paamul, 579

Property Description

Furnished/equipped 2 bedrooms/1 bathroom palapa house, just steps from the Caribbean Sea, located in the beach front community of Paamul, Mexico, 10 mins. south of Playa Del Carmen and 5 minutes north of Puerto Aventuras Marina, in the heart of the Riviera Maya.

Easy access to fun and shopping. Paamul is a dive, snorkel, coral reef and fishing paradise, on a protected bay with 2 terrific beaches (rated in the Top Ten Scenic Beaches in Mexico), on site dive shop, boat launch, non denominational church, small boutique hotel, restaurant and community pool.

Paamul is an expats community with Americans, Canadians, Italians, Brits, Scots, Germans, French, Dutch etc. English is spoken everywhere. This is a great property for a vacation home or full time living, surrounded by other higher priced palapas that have seen new construction and upgrades in past year. Community activities include volleyball, exercise classes (zumba, aqua fitness, Quigong etc), crab races, markets and more!

This property has 2 stories, with great outdoor living space. Located on Paamul’s north end in a quiet cul de sac with great neighbors.

 

EXPLANATION of PAAMUL

There are approx. 200 Palapas in Paamul. The community was established 30 plus years ago with Canadians and Americans travelling down for 6 months with their RV’s and renting a spot to connect to electricity, water etc. Over the years, 90% of the spots have become permanent or semi permanent constructed Palapa homes. More than 50% of the RVs have been removed and palapa homes valued at up to $500,000USD are built. Anybody that buys here (German, French, American, Brits, Scots, Italians, Argentinians, Belgians, Canadians etc.) purchases the actual palapa, which includes not only the Palapa, a concreted bedroom/bath, permanently stationed RV, all furnishings and more. Then you pay a monthly lot rental (land lease/maintenance) that includes Unlimited electricity, unlimited water, 24 hr security, landscape maintenance, road maintenance, use of pool, property taxes, beach use and chairs etc. This you can pay monthly or annually, or 3 years in advance etc. The further in advance you pay the lot rental the greater the discount. The maintenance/landlease for this property has been pre paid till December 2020. You can sell, resell, improve, demolish, construct etc. You can not rent it. It is a perpetual land lease. Property taxes are also included in your monthly fee. You don’t have to pay any annual trust fees or fideicomiso.

This property comes with a 2005 covertible VW beetle and a golf cart (both needs some mantainance)

 

Asking sale price is USD 150,000 plus transfer fee (approx 8.8%)

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