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Mareazul at Grand Coral

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This development has not yet been reviewed by Redguide. This summary is based on the developer's marketing materials.

Mareazul is a "low density" beachfront complex comprised of 14 buildings with two to four bedroom condos.

The property is "an oasis" of eight "landscaped" acres with a botanical Mayan garden, a large infinity pool and 600 feet of "pristine" beach. Other amenities include several "gourmet" cafes, and a "world-class" beach club and spa. Mareazul is part of the Grand Coral Riviera Maya resort and includes access to a Nick Price signature golf course.

The interiors blend "elements of wood, stone, water and light into sleek, modern design" and include a "fully-equipped" kitchen, jacuzzi on each terrace, washer and dryer, and optional furniture packages.

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Quick Facts about the Mareazul at Grand Coral

  • $$$
  • Apartments
  • 300

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Factsheet

Factsheet Info
Overview
Price
$$$: Least expensive units start under $1 million.
Resort Type
On Beach
Product Type Available
Apartments
Types of Ownership Available
Full-Ownership
Gated
Yes
Address
Mareazul at Grand Coral Playa del Carmen Quintana Roo C.P. 77710 Mexico
Nearest Airport
CUN
Distance from Airport
45 minutes
Other Developments in the Area
Similar or Competitive Developments
Demographics / Nature of Buyers:
Cost
Price Overview
2 bedroom: USD 550,000 - 559,000 (172-177 m2 / 1851-1905 sq. ft.) 3 bedroom: USD 925,000 - 1.5 million (224 m2 / 2413 sq. ft.) 4 bedroom: USD 1.5 - 1.6 million (302 m2 / 3284 sq. ft.)
Approximate Price per Square Meter
$3,780 (USD)
Approximate Price per Square Foot
$351.30 (USD)
Approximate Maintenance Fee
$2.00 (USD)
RED Review
Review

This development has not yet been reviewed by Redguide. This summary is based on the developer's marketing materials.

Mareazul is a "low density" beachfront complex comprised of 14 buildings with two to four bedroom condos.

The property is "an oasis" of eight "landscaped" acres with a botanical Mayan garden, a large infinity pool and 600 feet of "pristine" beach. Other amenities include several "gourmet" cafes, and a "world-class" beach club and spa. Mareazul is part of the Grand Coral Riviera Maya resort and includes access to a Nick Price signature golf course.

The interiors blend "elements of wood, stone, water and light into sleek, modern design" and include a "fully-equipped" kitchen, jacuzzi on each terrace, washer and dryer, and optional furniture packages.

Pros

70% of the property designated "green areas." Owners also enjoy automatic membership at Grand Coral Mayan Riviera's 18-hole golf course, designed by Nick Price. Appropriate for investors, vacationers with families and retirees.

Cons

Much of the Grand Coral super-development area will be under construction until at least 2015. The development is near Playa del Carmen, however downtown shops are in easy range.

General Comments

288 condos in 14 "low density" buildings, 4 stories each, 2-4 bedrooms. Views: ocean, pool or Zen-Maya garden. Located within Grand Coral super development area.

Onsite Amenities
Amenties
Common-area Pools,
Golf (Signature),
Gym,
Massages,
Private Pools,
Rental Program,
Resort Privileges,
Roofdeck,
Spa,
Squash,
Storage Space,
Tennis,
Other Amenities
Zen botanical garden with Mayan sculptures, gourmet food store, jogging track, business center, pool cafe, consierge service
Finishings
Bathroom Materials
marble
Closet Space
ample
Kitchen Appliances
stainless steel appliances including stove, refrigerator, dishwasher
Countertops
white granite
Cabinetry
dark stained wood
Floors
ceramic tile
Doors and Windows
floor to ceiling windows
Air Conditioning
central, ceiling fans
Construction and Plans
Estimated Total Number of Units Programmed for Lifetime of Project
300
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)
300
Date Ground Broken for First Phase
March, 2007
Date Ground Broken for Current Phase
March, 2007
Estimated Completion Date for Current Phase
October, 2009
Estimated Completion Date for Final Phase
October, 2009
Area
Local Attractions
Other Attractions
Xcaret ecological park, Cozumel ferry port, Maya ruins, 5th Avenue shopping
About the Developer
Developer
Grupo Grand Coral
About the Architect
About the Builder
Builder
GVA Gómez Vázquez Aldana y Asociados

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