Hurricane Dean Update
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The casitas area, the new
residential area built just outside
the port facility, has seen a
doubling of prices since the storm,
as the inventory has shrunk.
Casitas that sold for $35,000 USD
before the storm are selling in the
$50,000 to $80,000 range now if
they can be found!
residential area built just outside
the port facility, has seen a
doubling of prices since the storm,
as the inventory has shrunk.
Casitas that sold for $35,000 USD
before the storm are selling in the
$50,000 to $80,000 range now if
they can be found!
As for the real estate market, Mahahual remains one of the
best deals in the Caribbean but with rapidly increasing
prices, that is beginning to change. We are seeing the usual
signs one sees in the early stages of a city’s growth, but now
at an accelerated pace. Areas outside of town are being
developed for residential homes, with the downtown
residents taking advantage of the rising values of their
properties, to sell and move to these new “suburbs”.
best deals in the Caribbean but with rapidly increasing
prices, that is beginning to change. We are seeing the usual
signs one sees in the early stages of a city’s growth, but now
at an accelerated pace. Areas outside of town are being
developed for residential homes, with the downtown
residents taking advantage of the rising values of their
properties, to sell and move to these new “suburbs”.
A very rapid change is taking place with the downtown
becoming less residential and much more commercial. “In-
town” lots are selling for $150,000 to $200,000 USD with
beachfront Malecon lots in the $300,000 range but in very
short supply. Expect a very sharp increase in prices along
the Malecon in the next twelve months as the demand
exceeds the inventory.
becoming less residential and much more commercial. “In-
town” lots are selling for $150,000 to $200,000 USD with
beachfront Malecon lots in the $300,000 range but in very
short supply. Expect a very sharp increase in prices along
the Malecon in the next twelve months as the demand
exceeds the inventory.
New beach roads are being done all around and most areas
are grown back with vegetation to the point that the storm
damage is almost not visible. The exception is of course the
area from downtown north to Placer, where the eye of the
storm wreaked devastation that will take another year or so
to really begin to hide the damage. Crews are moving roads
further from the ocean where protected mangrove allow,
increasing the size of building lots on the beach side of the
road on a few lots.
are grown back with vegetation to the point that the storm
damage is almost not visible. The exception is of course the
area from downtown north to Placer, where the eye of the
storm wreaked devastation that will take another year or so
to really begin to hide the damage. Crews are moving roads
further from the ocean where protected mangrove allow,
increasing the size of building lots on the beach side of the
road on a few lots.
Larger villas will require larger lots, usually in the 30 to 40
meter range, again depending on the area and the overall
lot size. The prevailing rate for construction ranges from
$60-$80 USD per square foot for a finished shell. This does
not usually include permits, environmental impact studies,
solar electric (very few beach areas are on the power grid),
septic system or finish fixtures. These of course vary but
about $20 per square foot extra is a good estimate, making
‘turn-key” construction $80-$100 per square foot.
meter range, again depending on the area and the overall
lot size. The prevailing rate for construction ranges from
$60-$80 USD per square foot for a finished shell. This does
not usually include permits, environmental impact studies,
solar electric (very few beach areas are on the power grid),
septic system or finish fixtures. These of course vary but
about $20 per square foot extra is a good estimate, making
‘turn-key” construction $80-$100 per square foot.
They are just going to be a bit cleaner, better lit and much less cluttered with vendors.
You can still find those beautiful, downtown, reef protected, white sandy beaches and
all the fun they bring. As well, you can still find the quiet, privacy and seclusion that
makes Costa Maya unique. And the friendly locals, most of who stayed after the storm
to re-build their town, are still here and waiting to see their friends again. Come down
and buy a piece of the fun while you still can. Hope to see you soon! Cheers!!
You can still find those beautiful, downtown, reef protected, white sandy beaches and
all the fun they bring. As well, you can still find the quiet, privacy and seclusion that
makes Costa Maya unique. And the friendly locals, most of who stayed after the storm
to re-build their town, are still here and waiting to see their friends again. Come down
and buy a piece of the fun while you still can. Hope to see you soon! Cheers!!
Residential beach lots range from $5,000 USD south of
Mahahual, to $8- 10,000 on the north side, per lineal meter
of beach front. Depending on the area’s regulations, a
general rule would be that 20 meter (66 ft) beach front lots
will be allowed 1-2 bedroom villas.
Mahahual, to $8- 10,000 on the north side, per lineal meter
of beach front. Depending on the area’s regulations, a
general rule would be that 20 meter (66 ft) beach front lots
will be allowed 1-2 bedroom villas.
Mahahual, which before the storm was
often referred to as “a diamond in the
rough”, is now a diamond in the finishing
stages of being polished and shown for the
entire world to see. Don’t worry, the charm
of “Viejo Mahahual” is still alive and well
with the little beachfront restaurants, shops
and bars.
often referred to as “a diamond in the
rough”, is now a diamond in the finishing
stages of being polished and shown for the
entire world to see. Don’t worry, the charm
of “Viejo Mahahual” is still alive and well
with the little beachfront restaurants, shops
and bars.