This 1,072 square meter lot in downtown Playa del Carmen presents a unique development opportunity with existing structures and significant redevelopment potential. The property includes a main house with one bedroom, a separate casita with one bedroom, attached garage, pool, and patio areas, all constructed in 1999 during Playa's early development years.

The property is zoned Mixed Commercial with current density allowance for up to 60 units, making it suitable for hotel, condominium, or mixed-use development. A 2022 appraisal valued the property at approximately 27,100,000 MXN (roughly $1,464,862 USD at 2025 exchange rates), while the current asking price of $1,200,000 USD reflects motivated seller positioning for development-ready buyers.

The existing structures total approximately 3,210 square feet of construction. The main house and casita feature traditional Playa architecture with tile floors, functional kitchens, and laundry facilities. Both buildings show their age and original rustic style, presenting either a restoration opportunity for buyers seeking a historic single-family renovation project, or structures that can be demolished for new construction.

Location is a primary asset, situated in central Playa del Carmen within walking distance of shops, restaurants, and beach access. The downtown position provides immediate connectivity to tourist traffic and local amenities, important factors for both residential living and commercial development viability.

The lot includes mature trees and landscaping, a private pool, rooftop terrace access, and various outdoor spaces including front porch, patio areas, and a storage shed. Parking accommodations include covered and off-street options. Public water and sewer connections are established, simplifying future development infrastructure requirements.

For investors and developers, the property represents a land banking opportunity in Playa's increasingly dense downtown core, where large lots with development rights are becoming scarce. The existing structures provide rental income potential during planning and permitting phases, or immediate cash flow for buyers taking a longer-term approach to redevelopment.

Property tax is approximately $345 USD annually based on 2024 records. The Mixed Commercial zoning provides flexibility for various development concepts including boutique hotels, residential condominiums, mixed-use buildings with ground-floor retail, or restoration as upscale single-family residence. Buyers should conduct independent due diligence regarding current zoning regulations, density calculations, and development requirements with local authorities.