Palapa Paamul

Riviera Maya, Paamul - Riviera Maya, 354

Property Description

Furnished/equipped 1000 sq ft, 2 bedroom/1 bath palapa house is 100 ft. 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! The palapa is 24 ft. tall in center and has 1,000 sq. ft. of indoor/outdoor living space, with a potential second story. 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. e.g. annually it is only $7,850USD, including all of the above. The maintenance/landlease for this property has been pre paid till December 1, 2016 and the property insurance has been paid through August 5, 2016 both of which are included in the sale price. You can sell, resell, improve, demolish, construct etc. (in this palapa you could build a second floor, make a 3rd bedroom or leave it the way it is currently as storage.) 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.


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