3-Bedroom House with Pool in Downtown Playa del Carmen

Hidden gem on a quiet street, just 2 minutes from 5th Avenue.

This three-bedroom house on Calle 20 Norte, downtown Playa del Carmen, is listed at $7,100,000 MXN (approximately $413,000 USD) — two minutes on foot from Fifth Avenue. The two-level property covers 128+ m² and brings together a private pool, an outdoor patio with grill, and a lock-off studio with its own separate entrance. It is move-in ready and currently generating approximately $4,500 MXN (~$262 USD) per night in short-term rental income. No HOA.

What makes this downtown Playa del Carmen house a strong rental investment?

At a current nightly rate of approximately $4,500 MXN (~$262 USD), this property generates an estimated $47,800–$62,200 USD per year at 50–65% occupancy — an 11.6–15.1% annual yield on the purchase price. That performance is grounded in location: downtown Playa del Carmen consistently ranks among Mexico’s highest-demand short-term rental markets, driven by year-round tourist flow, walkability, and immediate beach proximity. What further sets this property apart is its dual-unit configuration. The lock-off studio has its own entrance and operates independently from the main house, giving owners two income streams within a single asset — rent both units simultaneously to different guests, occupy one while the other generates income, or scale up to full-house rental for group bookings. Beyond rental yield, the broader market context supports the investment case. Playa del Carmen’s real estate market recorded 15% appreciation in luxury beachfront properties over the past year, and downtown properties benefit from the same demand dynamics at a meaningfully lower price per m².

What should I know before buying property in downtown Playa del Carmen?

Playa del Carmen’s downtown zone is one of the most liquid and in-demand segments of the Riviera Maya market, drawing consistent buyer interest from the US, Canada, and Europe. For foreign nationals, the purchase process typically takes between 45 and 60 days and is conducted through a Mexican notary, who oversees the title search, due diligence, and formal deed registration. Once the property is purchased, there are no restrictions on short-term rental use — buyers can begin operating immediately. That said, the right legal and ownership structure varies depending on the buyer’s country of residence, tax situation, and intended use. Heron Real Estate provides personalized advisory on this as part of every acquisition, ensuring the structure is optimized before contracts are signed.