Hi,
I’m Janaina Simon, Chief Real Estate Adviser with Smart Money Homes, writing to you with updates on the construction of your new condo in The Village, Corasol.
Corasol is a spectacular master-planned and gated golf community on Mexico’s Caribbean coast… just north of Playa del Carmen.
Unfortunately, delivery of The Village has been slightly delayed. Deliveries were scheduled to begin in September 2024. We’re now estimating that the first deliveries will begin in November 2024.
We apologize for the delay and can assure you that the construction team is doing everything they can to make up for lost time.
Before we move onto the updates…
If you have any questions about The Village, 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 if we can’t answer it ourselves. You can reach us here: info@smartmoneyhomes.com.
Real Estate Prices at The Village Show Significant Increase on what RETA Members Paid
Owners at The Village will enjoy luxury-resort-level amenities and 5-star service in the gated community of Corasol, where homes sell for as high as $3 million.
After reviewing listings of available condos for sale in Corasol, it’s clear that RETA members were given a fantastic opportunity to purchase condos in The Village.
This two-bedroom condo in The Village Phase one is just 30 square feet, bigger than the condo RETA members could buy, and it’s listed for $163,757 more.
I found this two-bedroom condo in The Village Phase One, which is the already-completed part of the community.
It’s slightly bigger than the condos RETA members had the opportunity to buy from just $258,600, but when you look at the price per square foot you can see just what a great deal RETA members were able to secure.
The condo above is listed for $409 per square foot, whereas RETA members were buying from just $257 per square foot.
As you’ll remember The Village will feature concierge service to take care of everything from organizing a housekeeping service to delivering a bottle of champagne or booking a taxi…. The same benefit will be extended to your renters—which will really make your condo stand out to those seeking vacation rental listings.
Latest Construction Update for The Village
Construction has been delayed by approximately two months, but as you can see The Village community is starting to take shape.
As you know, construction in The Village was delayed, the reason being was that the contractor had a labor shortage.
The Village is set in heart of Corasol, on the 18-hole Nick Price golf course.
Regarding the latest construction progress, the construction team inform me that they are presently engaged in building the structure for the towers.
Progress for each tower is as follows:
- Tower 3: 38% complete. At this stage the Ground Floor, Level 1 and Level 2 have all been completed.
- Tower 4: 30% complete. The Ground Floor and Level 1 are complete while Level 2 is 41% finished.
- Tower 5: 10% complete. The Ground Floor is complete while work at Level 1 is at 20%.
The Village is surrounded by holes 5, 6, 7, 8, and 9 of Corasol’s 18-hole Nick Price golf course.
The estimated delivery dates for each tower are as follows:
- Tower 3: November 2024
- Tower 4: November 2024
- Tower 5: February 2025
New Flights from Canada to Tulum International Airport Beginning in November
The new international airport Tulum is proving to be a hit with passengers and airlines alike.
On May 3, 2024, Tulum International Airport received its first Canadian flight. An Air Canada flight made its inaugural landing with a flight from Toronto.
Image Source: iStock. Playa del Carmen, and the whole Riviera Maya, will benefit from the new Tulum International Airport.
Starting in November, Tulum airport will welcome new direct flights from Calgary and Toronto via WestJet airlines.
Buyers arriving in the Riviera Maya have been telling my team and I how great the new Tulum International Airport is! The feedback we’re getting is that it’s state of the art, with all the latest technology.
I’m hearing that it’s quick and easy to navigate through the airport and it seems that for a lot of people Tulum will be their airport of choice in the Riviera Maya going forward.
Mexican Cuisine Celebrates a big win with Prestigious Michelin Award
Ask the Smart Money Homes team for recommendations on the best tacos in the Riviera Maya.
Mexico City’s Tacos El Califa de León, became the first taco stand in history to become a Michelin-starred restaurant.
In total 16 Mexican restaurants were given one star, and two got two stars. El Califa de León is the only taco stand among them.
It’s a special day for Mexican cuisine and I can tell you that the street food you’ll find here in the Riviera Maya is also amazing.
Feel free to ask the Smart Money Homes team for their recommendations on the best taco stands, next time you’re in Mexico!
And it’s not just street food. The Riviera Maya has some incredible fine dining options.
Nine restaurants in Tulum received a distinction from Michelin, and a further three in the Riviera Maya received a Michelin star.
These are Le Chique in Azul Beach Resort, Puerto Morelos, and the Xcaret hotel and Cocina de Autor Riviera Maya, right here in Playa del Carmen.
Tren Maya Connecting Cancun and Playa del Carmen Inaugurated Making Access to Playa del Carmen More Convenient Than Ever
President Andres Manuel Lopez Obrador of Mexico inaugurated an important section of the Maya Train on February 29, connecting Cancun and Playa del Carmen, two major tourist destinations crucial to the country’s economy.
The event took place at the Cancun Airport station of the Maya Train, located on the Chichen Itza-Tulum highway in Quintana Roo. This follows yesterday’s press conference where the President inaugurated the impressive Chichen Itza museum.
This is great news for owners in Corasol, and tourists, who will benefit from the quick and affordable train service between Cancun International Airport and Playa de Carmen.
The President once again emphasized that the Maya Train is the most important project of its kind worldwide, spanning 1,554 km of railroad tracks, with over 800 km electrified and featuring double tracks, hundreds of bridges, and modern trains built in the country. The project aims to showcase the Mayan world, the second-largest natural reserve in Latin America after the Amazon.
Riviera Maya Expected to Achieve 90% Hotel Occupancy During Summer Months
The Quintana Roo Tourism Promotion Council (CPTQ) predicts that the Riviera Maya will reach a hotel occupancy of up to 90% during the summer season which begins in June.
Great news for owners at the Village who can anticipate strong rentals during the months of June – September in addition to the traditional peak season which runs from December – April.
That’s all for now. I’ll write again soon with another update to let you know the latest from The Village and Playa del Carmen.
I’d like to remind you once again that the Smart Money Homes team and I are always here to assist you.
Please contact us with any questions you may have about your condo in The Village, and we’ll be happy to help you however we can. Our email address is info@smartmoneyhomes.com.
Yours sincerely,
Janaina Simon
Chief Real Estate Adviser with Smart Money Homes
