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Residencias Reef

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Residencia Reef, located along the southwest side of the island, represents both Cozumel´s tranquility and its sporty side.

The low-rise buildings are well spaced around a central green area filled with flowers that opens onto 2000 foot postcard perfect beach, bookended by a reef on one side and a private pier on the other.

The interiors have all the earthy comfort of your favorite aunt's cottage in Myrtle Beach right down to the sand colored ceramic floors, ready for bare feet, and the occasional warped wooden door frame. Bedrooms range from postage stamp studios to giant three bedrooms with a wrap around terraces - all adding to Reef's broad appeal to a wide variety of vacation-minded buyers.

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Quick Facts about the Residencias Reef

  • $
  • Apartments
  • 85

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Factsheet

Factsheet Info
Overview
Price
$: Least expensive units start under $250K.
Resort Type
On Beach
Product Type Available
Apartments
Types of Ownership Available
Full-Ownership
Gated
Yes
Address
Carretera Costera Sur Km. 14, Cozumel, Quintana Roo, C.P. 77666 Mexico
Nearest Airport
CZM
Distance from Airport
15 miles
Other Developments in the Area
Similar or Competitive Developments
Demographics / Nature of Buyers:
US:
60%
Canadian:
20 %
Mexican:
10 %
Other:
10 %
Cost
Price Overview
one bedroom: USD 210,000 - 328,500 (44-138 m2 / 473-1485 sq. ft.) two bedroom: USD 473,000- 580,000 (173-266 m2 / 1861-2863 sq. ft.) three bedroom: USD 538,000 - 1,080,000 (306-461 m2 / 3293-4960 sq. ft.)
Approximate Price per Square Meter
$2,465 (USD)
Approximate Price per Square Foot
$229.90 (USD)
Approximate Maintenance Fee
$2.50 (USD)
Other Fees
Monthly fees for a one bedroom unit are around $350.00 per month, two bedrooms $635.00 plus 10% IVA tax. Includes hurricane insurance, fire insurance, with a deductible of 10%.
Cheapest one bedroom:
Starting price: $210,000 (USD);Size: 473sq ft;
Most expensive one bedroom:
Starting price: $328,500 (USD); Size: 1485sq ft;
Cheapest two bedroom:
Starting price: $473,000 (USD); Size: 1861sq ft;
Most expensive two bedroom:
Starting price: $580,000 (USD); Size: 2863sq ft;
Cheapest three bedroom:
Starting price: $538,000 (USD); Size: 3293sq ft;
Most expensive three bedroom:
Starting price: $1.08 (USD); Size: 4960sq ft;
RED Review
Review

Residencia Reef, located along the southwest side of the island, represents both Cozumel´s tranquility and its sporty side.

The low-rise buildings are well spaced around a central green area filled with flowers that opens onto 2000 foot postcard perfect beach, bookended by a reef on one side and a private pier on the other.

The interiors have all the earthy comfort of your favorite aunt's cottage in Myrtle Beach right down to the sand colored ceramic floors, ready for bare feet, and the occasional warped wooden door frame. Bedrooms range from postage stamp studios to giant three bedrooms with a wrap around terraces - all adding to Reef's broad appeal to a wide variety of vacation-minded buyers.

Pros

Located next door to the Wyndham Cozumel Resort & Spa. Private rooftop solarium for penthouses. Large central green area. Variety of apartment sizes. Purified water system. Apartments are fully furnished, making Residencias Reef an attractive investment for seasonal vacationers.

Cons

Few amenities on site or organized activities. Located in a high density development area. Those looking for an "authentic" Mexican residence may find the area a bit touristy.

General Comments

Four buildings, three to four stories each facing a "private" beach". One, two and three bedroom fully furnished condos.

Onsite Amenities
Amenties
Beach Club,
Boating,
Common-area Pools,
Gym,
Hotel,
Party Room,
Rental Program,
Resort Privileges,
On-site Restaurant(s),
Spa,
Storage Space,
Tennis,
Other Amenities
parking space, purified water, internet, private pier, diving club, mini super, travel agency, bars, golf memberships available.
Finishings
Bathroom Materials
porcelain, bath tub and shower, or shower only
Closet Space
small
Kitchen Appliances
GE stove & top burners, refrigerator, Bosch dishwasher. Optional brands: Bosch, GE, Mabe and/or Teca,
Countertops
white granite
Cabinetry
integrated wood, treated mahogany veneer
Floors
ceramic tile (12 x 12 inch)
Doors and Windows
treated mahogany veneer doors, 4 inch white anodized aluminum frames, 6 mm clear glass windows
Air Conditioning
mini-splits
Construction and Plans
Estimated Total Number of Units Programmed for Lifetime of Project
85
Number of Phases Programmed for Lifetime of Project
4
Which Phase is Currently for Sale
4
Number of Units Available in Current Phase (Including Ones Already Sold)
85
Date Ground Broken for First Phase
July, 2003
Date Ground Broken for Current Phase
April, 2006
Estimated Completion Date for Current Phase
January, 2008
Estimated Completion Date for Final Phase
January, 2008
Area
Local Attractions
Other Attractions
Playa del Carmen, Xcaret ecological park, golf clubs, Maya ruins
About the Developer
Developer
The Reef Group
About the Architect
Architect
Juan González Angulo
About the Builder

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