Overview
- Updated On:
- November 23, 2022
- 3 Bedrooms
- 3 Bathrooms
- 196 m2
Esencia Villas consists of 28 private properties with 3 bedrooms and a private garden, strategically located in the Holistika neighborhood and part of the Milam Hotel compound.
Not only beautiful but also profitable, the projected ROI on these luxury villas is between 17% and 20%.
The high-quality property management provided by Hotel Milam guarantees high occupancy and nightly rates while maintaining your villa in perfect condition for you and your guests.
🪞Details
Completing in May 2023
Esencia Villas 1st Year Projected Net ROI 18%
Esencia Villas 1st Year Projected Net Income $76,970
For sale at $365,000 USD
⛲Architect and Developer
Jungle Luxury Living is a boutique development company with a history of building and operating some of the most famous hotels in Tulum, including:
• Hotel Una Vida (2015)
• Hotel Bardo (2019)
• Vida Apartments (2020)
• Soona Villas Phase I (2021)
• Soona Villas Phase II (2022)
📍Location
• Minutes from the jungle retreat Holistika, surrounded by nature & tranquillity
• 10 min drive to the beach
🔑Esencia Villas Features
Each detached villa includes 196 m2 / 2,112 ft2 of living space, spread over 2 floors. They benefit from 24hr security and shared amenities with the exclusive Milam Hotel, which completes in December 2022.
Each detached villa has:
• 3 bedrooms
• 2.5 bathrooms
• Internal living room with conversation pit
• 7m private pool
• 130 m2 / 1,400+ ft2 private garden
Each villa comes unfurnished as the developer wanted to give owners the ability to personalize their home. However, if you would like us to arrange this for you, the full turnkey indoor/outdoor furniture and accessories pack will be $36,000 USD
🛎️Hotel Milam Amenities
• 132m pool
• Milum Restaurant: fine dining Yucatan cuisine
• The Kinky Room: upscale bar focused on artisanal Mezcal and Tequila
• Pool bar
• Café
• Yoga center
• Temazcal
• Luxury spa
• Workout facilities with expert trainers
Projected ROI:
Administration costs are included in the Projected ROI which relates to Esencia’s comprehensive property management service including cleaning, maintenance, checking your guests in/out and handling all bookings, leading to a hassle-free property rental experience.
Demand Analysis
Historical Occupancy Rates & Demand Growth
Comparable recent sales from Jungle Luxury Living developments in Tulum:
1. Vida Apartments:
– Purchased in early presale in 2019 for USD 115,000
– Completed in 2020
– Sold for USD 150,000
– Gain of USD 35,000 (+30%) in 2 years plus rental income
2. Soona 1:
– Purchased for USD 269,000 in January 2021
– Completed December 2021
– Offer received for USD 340,000
– Gain of USD 71,000 (+26%) in 1.5 years plus rental income
Payment Plan:
50% downpayment upon contract, 20% 3 months later, 20% 3 months later, 10% the week of delivery
Financing:
Most of our clients prefer to raise funds in the their home country and pay in cash following the payment plan above, which gives you until April 2023 to pay the full price.
Financing in Mexico is typically 8%-9% plus fees and involves a lengthy process.
- Principal and Interest
- Property Tax
- HOA fee
