Caribbean villa Playa Coson
- Type: Residential
- Style: Single Story
- Bedrooms: 3
- Bathrooms: 3
- Size: 220 sq. m.
- Development Level: Built
- Lot Size: 1300 sq. m.
- Year Built: 2007
This property is listed to sell. The comfortable price brings you a 3 bed/3 bath villa with pool an a large piece of land from 1.300 m2 (0.3 acres). The villa has a large covered entrance with carport, kitchen facing the pool and a laundry room. Every bedroom has its own bathroom. The villa is exactly at 156 meters (468 ft) from the beach Playa Coson. There is a path leading directly to the beach. Around and behind the pool, there is more than enough space to add bungalows.
The home is facing north-west and the front with the entrance is facing the road. So you will never have road noise here. So a quiet and comfortable location. A home facing northwest is also comfortable with the sun. The sun will not bother you.
This villa is for someone who does see the potential. So not for everybody, because the home needs upgrading. Of course, it depends always what you are looking for. But if you want to convert the home into a rental generator it will need that. We visited with a contractor the home to make it perfect for rental income. Monthly hoa/condo fees are 2.7 usd / m2 land.
The extra costs:
upgrade kitchen and bathrooms to high standards with granite countertops, new tiles, etc: 11.000 usd
cleaning and painting from house and floors 4.000 usd
paint pool 1.700 usd
change the thatched roof to a roof with tiles to avoid insurance issues. The major insurance companies DO NOT ACCEPT anymore the thatched roofs and the smaller companies will follow soon.: 7.500 usd
install 3 ac's in bedrooms 1.950 usd
repair and paint all doors and windows 3.000 usd
extra furniture 6.000 usd
extra undefined budget at 5.000 usd
add 2 bedrooms with each bathroom in garden. With tiled roofs and ac's installed. Each 20 m2. Total 40m2 (400 sqft) at a total from 23.000 usd (you can build more if you like).
That would bring the total price, without negotiating the villa price itself, at 413.150 usd.
To generate rental income a setup yourself with Airbnb is the best thing one can do. an average 5 bedroom villa with good management in combination with airbnb normally would do around 50-55.000 usd a year.
Information is deemed to be correct but not guaranteed.