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Palm on 8th

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

Palm on 8th invites you to "enjoy the comforts of home" together with the "services and amenities of a boutique hotel." The four building complex features 44 one or two bedroom condos.

Palm is the "definition of downtown living" located just a "few steps away" from 5th avenue and just "two blocks from the beach" making it a "one of a kind".

The "contemporary residences" reflect Palm´s dedication to promoting a "laid back Caribbean lifestyle". Units include a "fully equipped" kitchen and a balcony.

A rooftop pool is the featured amenity along with a gym, spa, and central atrium with a large garden.

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Quick Facts about the Palm on 8th

  • $$
  • N/A
  • 44

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Factsheet

Factsheet Info
Editor's Pick
flower
Overview
Price
$$: Least expensive units start under $500K.
Resort Type
On Beach,
City
Types of Ownership Available
Full-Ownership,
Condo-Hotel
Gated
Yes
Address
Sales: Cantex Enterprises SA de CV Condominio Paseo del Sol Mza 12 L4 Fase II, Playacar Playa del Carmen Mexico 77710
Nearest Airport
CUN
Distance from Airport
31 miles
Other Developments in the Area
Similar or Competitive Developments
Demographics / Nature of Buyers:
Cost
Price Overview
1 bedroom studio: USD 231,000 -232,000 (65-69 m2 / 703-745 sq. ft.) 1 bedroom: USD 294,400 - 312,800 (70-74 m2 / 757-792 sq. ft.) 2 bedroom: USD 394,800 - 569,200 (104-215 m2 / 2312- sq. ft.)
Approximate Price per Square Meter
$3,511 (USD)
Approximate Price per Square Foot
$326.30 (USD)
Approximate Maintenance Fee
$3.50 (USD)
Other Fees
Underground parking stall: USD 25,000.00. Discounted membership to beach clubs at Corto Maltes, Residences El Faro and Costa Turquesa.
RED Review
Review

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

Palm on 8th invites you to "enjoy the comforts of home" together with the "services and amenities of a boutique hotel." The four building complex features 44 one or two bedroom condos.

Palm is the "definition of downtown living" located just a "few steps away" from 5th avenue and just "two blocks from the beach" making it a "one of a kind".

The "contemporary residences" reflect Palm´s dedication to promoting a "laid back Caribbean lifestyle". Units include a "fully equipped" kitchen and a balcony.

A rooftop pool is the featured amenity along with a gym, spa, and central atrium with a large garden.

Pros

Excellent location - two blocks from the beach, one block from 5th avenue shops and six blocks from Playacar Golf Club. The development provides a rental service with a full time front desk, concierge and service staff to attend to renters and hotel guests. Ownership includes discounted membership to beach clubs at Corto Maltes, Residences El Faro and Costa Turquesa.

Cons

Studio apartments are quite small. Underground parking spaces not included in price of ownership.

General Comments

44 condos, four buildings, four floors each. Located in heart of Playa del Carmen near 5th avenue and the beach. Studios, one and two bedrooms available.

Onsite Amenities
Amenties
Common-area Pools,
Gym,
Party Room,
Rental Program,
Resort Privileges,
On-site Restaurant(s),
Roofdeck,
Spa,
Other Amenities
parking, large garden, rooftop pool, solarium, restaurant bar
Finishings
Bathroom Materials
marble floor, granite tops
Closet Space
small
Kitchen Appliances
Fully equipped kitchens with GE stainless steel appliances and breakfast bar. No dishwasher in studio units.
Countertops
granite
Cabinetry
solid wood
Floors
marble and wood floors
Doors and Windows
wood doors, aluminum frames and 9mm layered glass windows
Air Conditioning
mini-splits
Construction and Plans
Estimated Total Number of Units Programmed for Lifetime of Project
44
Number of Phases Programmed for Lifetime of Project
2
Which Phase is Currently for Sale
2
Number of Units Available in Current Phase (Including Ones Already Sold)
44
Date Ground Broken for First Phase
August, 2008
Date Ground Broken for Current Phase
August, 2008
Estimated Completion Date for Current Phase
October, 2010
Estimated Completion Date for Final Phase
April, 2012
Area
Local Attractions
Other Attractions
Playacar Golf Club, Coba ruins, Mesoamerican barrier reef, Cozumel ferry
About the Developer
Developer
Cantex Enterprises S.A. de C.V.
About the Architect
Architect
Cantex Enterprises
About the Builder
Builder
Cantex Enterprises

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