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Palmar Condominiums

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The eight-story Palmar Condominium building is located on the south coast road of diving paradise Cozumel. Its sleek lines, white facade, sea-view terraces, and detached activities deck are reminiscent of the ships docked in the bustling cruise terminal next door. Though the area is busy and touristy, Palmar's combination of value and vistas make it a see-worthy option for anyone considering Cozumel.

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Quick Facts about the Palmar Condominiums

  • $$
  • Apartments
  • 60

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Factsheet

Factsheet Info
Overview
Price
$$: Least expensive units start under $500K.
Resort Type
Near Beach
Product Type Available
Apartments
Types of Ownership Available
Full-Ownership
Gated
Yes
Address
Palmar 500 Carretera Sur, Kilometer 3.8 Cozumel, QR 60605
Nearest Airport
CZM
Distance from Airport
8 miles
Other Developments in the Area
Similar or Competitive Developments
Demographics / Nature of Buyers:
US:
30%
Canadian:
10 %
Mexican:
50 %
Other:
10 %
Cost
Price Overview
Studios: USD 135,000 (118 m2/ 1270 sq. ft.) (2 ground floor units available, facing parking lot); 1 bedroom: USD 165,000 - 235,000 (125-160 m2 / 1345-1722 sq. ft.) (3 ground floor units available with garden views for $165,000, $235,000 unit is on 3rd fl with terrace) 2 bedroom: USD 280,000 - 345,000 (180-201 m2 / 1937-2163 sq. ft.) (22 units available on the 1st, & 3rd-8th floors.; 3 bedroom: USD 560,000 - 650,000 (329 m2 / 3541 sq. ft.). 2 units available, one on the ground floor and the other on the 8th fl; 3 bedroom + studio: USD $435,000-460,000 (280 m2 / 3014 sq. ft.). 4 units available.
Approximate Price per Square Meter
$1,600 (USD)
Approximate Price per Square Foot
$148.70 (USD)
Approximate Maintenance Fee
$1.20 (USD)
Other Fees
Monthly maintenance fees: $15 Pesos per square meter. Insurance $7.6 USD per square meter Payment options: -Cash transactions (Maximum of three payments) 7% Discount -Financing 35% down payment. 1 year, no interest.
RED Review
Review

The eight-story Palmar Condominium building is located on the south coast road of diving paradise Cozumel. Its sleek lines, white facade, sea-view terraces, and detached activities deck are reminiscent of the ships docked in the bustling cruise terminal next door. Though the area is busy and touristy, Palmar's combination of value and vistas make it a see-worthy option for anyone considering Cozumel.

Pros

Competitive prices compared to similar developments. High ceilings in ground floor units. Optional furnishing upgrades. Hurricane shutters included. Purified water treatment on premises. Suitable for investors and long term residents due to close proximity to the city.

Cons

Located near cruise ship terminal which may annoy those trying to avoid tourists.

General Comments

60 one, two and three bedroom condos located inside an eight story building.

Onsite Amenities
Amenties
Common-area Pools,
Gym,
Party Room,
Resort Privileges,
Spa,
Tennis,
Other Amenities
parking, gardens, internet
Finishings
Bathroom Materials
ceramic tile
Closet Space
ample
Kitchen Appliances
stainless steal Whirlpool stove, refrigerator, dishwasher
Countertops
granite
Cabinetry
solid wood
Floors
imported porcelain and marble
Doors and Windows
Andersen wood doors, glass doors to terrace, Andersen windows with double pane glass and thermal soundproofing
Air Conditioning
central
Construction and Plans
Estimated Total Number of Units Programmed for Lifetime of Project
60
Number of Phases Programmed for Lifetime of Project
1
Which Phase is Currently for Sale
1
Number of Units Available in Current Phase (Including Ones Already Sold)
60
Date Ground Broken for First Phase
January, 1995
Date Ground Broken for Current Phase
January, 1995
Estimated Completion Date for Current Phase
September, 2008
Estimated Completion Date for Final Phase
September, 2008
Area
Local Attractions
Other Attractions
Xcaret, Playa del Carmen, Maya ruins, golf courses
About the Developer
Developer
Nassim Joaquin Ibarra
About the Architect
Architect
Juan González Angulo
About the Builder

Virtual Tour

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