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Sian Ka'an at Bahia Principe

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Sian Ka’an is a low-density condo hotel inside Bahia Principe, an upscale residential community located on the road between Akumal and Tulum.

The hotel claims to guarantee 7-8% annual rental income for the first seven years. Of course whatever time you spend counts against your income and incurs a hefty all-inclusive fee, meaning Sian Ka’an is best fit for people who love spending a few weeks a year in the area or disciplined investors who aren´t going to use the condo.

All units are one bedroom, making them less expensive to fill with upscale furnishings. They offer views of the surrounding jungle. The beach is only a few minutes away and the 27-hole golf course and other attractions offer plenty to do on site - though there´s no nearby nightlife.

An international set of buyers is opting in to this development including Europeans, Americans, Canadians and Mexicans.

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Quick Facts about the Sian Ka'an at Bahia Principe

  • $
  • Apartments
  • 300

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Factsheet

Factsheet Info
Overview
Price
$: Least expensive units start under $250K.
Resort Type
Near Beach
Product Type Available
Apartments
Types of Ownership Available
Condo-Hotel
Gated
Yes
Address
CARRETERA CHETUMAL- BENITO JUÁREZ MK. 250 HOTEL GRAN BAHÍA PRINCIPE INTERIOR DEL HOTEL AKUMAL L-16 AKUMAL, QUINTANA ROO, MÉXICO C.P. 77760
Nearest Airport
CUN
Distance from Airport
60 miles
Other Developments in the Area
Similar or Competitive Developments
Demographics / Nature of Buyers:
US:
25%
Canadian:
25 %
Mexican:
25 %
Other:
25 %
Cost
Price Overview
1 bedroom: USD 154,000 - 217,000 (56-130 m2 / 603-1399 sq. ft.)
Approximate Price per Square Meter
$1,903 (USD)
Approximate Price per Square Foot
$176.86 (USD)
Approximate Maintenance Fee
$25.00 (USD)
Other Fees
Estimated rental income of $13,500 per year. Residents decide in year since whether or not to remain with the program. Additional fees for use of club house and all inclusive features, including restaurant, maid service, etc.
Cheapest one bedroom:
Starting price: $154,000 (USD);Size: 603sq ft;
Most expensive one bedroom:
Starting price: $217,000 (USD); Size: 1399sq ft;
RED Review
Review

Sian Ka’an is a low-density condo hotel inside Bahia Principe, an upscale residential community located on the road between Akumal and Tulum.

The hotel claims to guarantee 7-8% annual rental income for the first seven years. Of course whatever time you spend counts against your income and incurs a hefty all-inclusive fee, meaning Sian Ka’an is best fit for people who love spending a few weeks a year in the area or disciplined investors who aren´t going to use the condo.

All units are one bedroom, making them less expensive to fill with upscale furnishings. They offer views of the surrounding jungle. The beach is only a few minutes away and the 27-hole golf course and other attractions offer plenty to do on site - though there´s no nearby nightlife.

An international set of buyers is opting in to this development including Europeans, Americans, Canadians and Mexicans.

Pros

-Guaranteed annual rental income for first seven years. Fully furnished including plasma TV. Natural ventilation and lighting.
-Located in a growing area with strong investment potential.
-Ownership includes access to all Sian Ka'an resort amenities. Lots of activities for children and retirees.

Cons

-Hefty monthly service fee.
-All one bedroom apartments.
-Fairly isolated and insular. Little incentive to leave resort given the amount of services and amenities.

General Comments

25 three-story buildings with 12 suites per module, four suites per floor. Located within the Sian Ka'an resort development area. Three different models, including penthouse with roofdeck and garden ground level unit.

Onsite Amenities
Amenties
Babysitting,
Beach Club,
Golf (Normal),
Golf (Signature),
Gym,
Hotel,
Massages,
On-Site Clinic,
Party Room,
Rental Program,
Resort Privileges,
On-site Restaurant(s),
Spa,
Storage Space,
Tennis,
Other Amenities
commercial area, water activities, walking trails, concierge, wi-fi in common areas
Finishings
Bathroom Materials
Fiorite marble countertop and floor, vanity mirror, wood panelled walls
Closet Space
small, extra storage space available
Kitchen Appliances
Grapa stainless steel stove and refrigerator
Countertops
“cola de ratón” squared granite granite
Cabinetry
light haya wood
Floors
off white antiskid porcelain (40 X 40), antiskid ceramic tile on terrace
Doors and Windows
haya wood doors, 3 1/2 inch ion plating frames, hurricane resistant windows
Air Conditioning
mini-splits
Construction and Plans
Estimated Total Number of Units Programmed for Lifetime of Project
300
Number of Phases Programmed for Lifetime of Project
3
Which Phase is Currently for Sale
1
Number of Units Available in Current Phase (Including Ones Already Sold)
100
Date Ground Broken for First Phase
May, 2008
Date Ground Broken for Current Phase
May, 2008
Estimated Completion Date for Current Phase
June, 2010
Estimated Completion Date for Final Phase
June, 2011
Area
Local Attractions
Other Attractions
Tulum ruins, Playa del Carmen, Cozumel, Xcaret ecological reserve
About the Developer
Developer
Grupo Piñero
About the Architect
Architect
Arkispace
About the Builder
Builder
Cabilia Construcciones S. A. de C. V.

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