This render from the developer shows the ground-level pool.
The RETA-only price for these two-bedroom mezzanine level condos was $212,300. They are retailing at $298,200. That’s a $85,900 boost.
The developer has just opened up the remaining condos in Samsara through a local broker, Remax Maya to retail buyers. They’ll pay $85,900 more than RETA members did, just a few months after the launch, for two-bedroom condos on the mezzanine level, with a terrace overlooking the lushly landscaped courtyard and pool area.
All I can say is, congratulations on getting in on this deal.
The Latest Samsara News from Janaina Simon
Hello Owner
Janaina Simon, International Real Estate Advisor with Smart Money Homes, here:
As an owner in Samsara, I wanted to make sure you are kept updated on the construction of your new condo and the development of this community in the heart of Tulum. I’ll be sending you communications like this quarterly, so you’re fully informed on the status of the project.
First, some big news…
Samsara has hit the retail market.
Latest Construction Update From Grupo R4
An aerial view of the construction in Samsara.
Now, here’s the latest construction update direct from Carlos Casas, who manages all the construction projects of the developer, Grupo R4:
Once that process was finished for the first building in Samsara, work began on erecting steel-reinforced walls, including interior electric and plumbing conduits.
As far as Samsara’s second building, preliminary land clearing has been done in anticipation of construction kicking off on August 8. As planned, our work on Samsara’s second building will start about six months after the first building.
Thank you for your attention.
Carlos Casas
Grupo R4
Some Information on the Samsara Construction Process
The Samsara site with the Jaguar Park in front, stretching all the way to the Caribbean.
Before beginning construction on the first building in Samsara, our team used drones to fly over the site and conducted on-the-ground studies to fully understand the land’s specific soil, vegetation, and other unique characteristics. As is the case throughout the Riviera Maya, the subsoil is very stable and strong, which makes for an ideal base for construction.
Construction of the walls in Samsara’s first building. Workers laying the foundation for the first building at Samsara.
You can Contact the Smart Money Homes Team at any Time
Janaina, at Smart Money Homes, back with you again….
As I said, we’ll be sending you these updates on the progress at Samsara quarterly. If you have any questions about the construction of Samsara, the Smart Money Homes team and I are your point of contact. Please send any questions to us, and we’ll get the answer from the developer. You can reach us here: info@smartmoneyhomes.com.
Latest News From Tulum and the Riviera Maya
For now, I wanted to let you know about more exciting things that are happening in Tulum and the Riviera Maya.
The Hilton All-Inclusive Resort Opens
Tulum continues to grow and develop, the Hilton recently-opened an all-inclusive resort on the white-sand beaches just down the road from Samsara.
Hilton just opened a 735-room all-inclusive resort just to the north of town a couple of weeks ago. That’s the second Hilton property to open recently. The Conrad Hilton opened earlier this year. This is Hilton’s luxury brand, with other locations in Manhattan, London, Singapore, and Koh Samui Island in Thailand, among other top travel destinations.
When major hotel chains like this invest in a place at this level, they have done the studies and the projections on visitor numbers and the types of visitors who will frequent a location.
They believe in its future, so to speak. In the case of Tulum, they’re looking at increasing numbers of well-heeled travelers. This is part of Tulum’s continuing transformation from bohemian budget escape to jet-set hot-spot to mainstream destination for wealthy travelers.
Tulum continues to grow and develop as it continues its transformation into one of the world’s top vacation destinations.
Tulum’s white-sand beaches are a huge draw for visitors from around the world, who are coming in increasing numbers.
The Real Estate Market in Tulum Remains Strong
As this render shows, Samsara has been designed with relaxation in mind.
Folks with condos in the Aldea Zama master planned community near Samsara are generating 13% to 16% gross rental yields—even more in some cases.
Take condos in the Xalet community. In October, when Samsara was launched, the retail price for a two-bedroom condo in Xalet was $315,381. The retail price for a two-bedroom condo was $335,227 a few months back. That’s an increase of just under $20,000 in just a few months (and $136,627 more than our get-in price in Samsara of $198,600)—and it’s still under construction. Not to mention, Xalet is nearly—if not completely—sold out at this point.
Xalet is not a unique case. All over Tulum, you’ll find condo communities with luxury amenities…for much more than you paid in Samsara.
I found a two-bedroom condo in the nearby Amira District is 1,053 square feet. It’s in a good location. But it’s $160,613 more than the members-only start price of $198,600 for a condo in Samsara.
The condo is in a very nice community, but it costs $160,613 more than the get-in price for RETA members in Samsara.
Samsara Owners get VIP Access to One of Tulum’s Top Beach Clubs
The beach club will be one of the most exclusive in Tulum.
One of the huge benefits of owning in Samsara is that you get VIP access to Ikal, one of Tulum’s top beach clubs. Plus, there will be a private shuttle that goes there from the community…and back. So, no worrying about driving or calling a taxi.
You can find more information on Ikal here: https://ikaltulumhotel.com
Ikal has beach beds and loungers on the sand and a bar/café/restaurant with live music and DJs. But this is much more than the standard beach club. It also has yoga classes, wellness treatments, Mayan healing ceremonies, and special events.
The VIP beach club membership at Ikal is a benefit that is transferable to your renters. Be sure to emphasize this perk in your Airbnb listing as it will be very attractive to guests.
