Buying a rental property in Santa Teresa means looking beyond the asking price. You need to understand the accommodation included, its location, operating costs and the records supporting any rental income.
For buyers searching for apartments for sale in Playa Carmen Santa Teresa, Buddha Apartments provides a specific opportunity to investigate: six furnished rental apartments offered together at $715,000, approximately 300 metres from the beach.
Coldwell Banker Sunset Reef Realty markets the property as an established rental business with commercial and residential zoning, city water and electricity. The purchase comparison should bring those features together with the building’s condition, financial history and management requirements.
Buddha Apartments at a Glance
The property is listed under Listing ID 24752 and classified as Hotel / Leisure. The asking price covers the property containing all six apartments.
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| Property Detail | Published Listing Information |
|---|---|
| Asking Price | $715,000 |
| Listing ID | 24752 |
| Location | Playa Carmen, Santa Teresa, Puntarenas, Costa Rica |
| Accommodation | Six apartments comprising four studios and two apartments with one bedroom |
| Bathrooms | Six private bathrooms |
| Lot Area | 273 m², described as titled |
| Construction Area | Approximately 250 m²; the listing also records 2,691 square feet of floor area |
| Building | Two levels; year built recorded as 2000 |
| Beach Proximity | Approximately 300 metres; described as around a three minute walk |
| Utilities and Zoning | City water and electricity, with commercial and residential zoning on a public road |
View the Buddha Apartments listing and complete property gallery.
Six Furnished Apartments Within One Property
The existing accommodation consists of four studio apartments and two apartments with one bedroom. Each unit is described with a private bathroom, kitchenette, air conditioning, hot water heater, Wi-Fi and a balcony or patio.
The property is marketed as fully furnished, with shared gardens, an outdoor shower and communal spaces.
For a buyer, this provides an existing accommodation configuration to examine. Compare the apartments individually, including their dimensions, furniture, equipment, ventilation and condition.
Request a written inventory identifying everything included in the sale. Establish whether booking accounts, business branding, operating equipment or other business assets form part of the transaction.
Approximately 300 Metres From Playa Carmen Beach
The listing places Buddha Apartments approximately 300 metres from the beach and describes the walk as around three minutes. It also identifies proximity to Playa Carmen’s main road.
Walking access to surf breaks, restaurants, cafes, shops, supermarkets and yoga studios forms part of the property’s published location proposition.
During a viewing, walk the actual beach route and assess access, surrounding activity and the experience of arriving with luggage or equipment. Spend time nearby at different hours to understand how the location would work for guests and an operator.
For wider context, read Coldwell Banker Sunset Reef Realty’s guide to Santa Teresa neighbourhoods. Compare Playa Carmen’s accessibility with the privacy, land area or outlook available elsewhere.
Assess the Existing Rental Operation
Buddha Apartments is marketed as a turnkey rental business with established operations and regularly returning renters. The listing describes suitability for short and long term rentals.
Those descriptions provide a starting point for an enquiry. To assess performance, request the records behind the operation:
- Historical rental income and booking records.
- Occupancy by apartment and season.
- Booking platform commissions and payment charges.
- Cleaning, laundry and staffing expenses.
- Utility bills and maintenance costs.
- Management agreements and supplier arrangements.
- Existing reservations, deposits and commitments.
- Furniture and equipment replacement history.
Compare gross receipts with the full cost of operating six apartments. Include periods without bookings, repairs and any financing costs in your assessment.
The purchase decision should rest on verified figures and the applicable operating arrangements. A turnkey description does not establish a particular return.
Check City Water, Electricity and Building Condition
The listing states that Buddha Apartments has city water and electricity. For a property containing six rental apartments, investigate how those services support the existing operation.
Request recent bills, connection details, service history and information about any storage or backup arrangements. Ask a suitably qualified professional to assess the electrical infrastructure, plumbing, hot water equipment and air conditioning.
The listing records the building’s construction year as 2000. Arrange an inspection covering the structure, roof, drainage, moisture, finishes and maintenance needs.
A clear condition assessment helps identify spending that may be needed after purchase and during the first years of operation.
Understand Title, Zoning and the Proposed Use
Buddha Apartments is described as occupying a 273 m² titled lot with commercial and residential zoning on a public road.
Have qualified Costa Rican advisers check the title, boundaries, access, permitted uses and documentation relevant to the existing rental business. Ask them to review any licences, permits and proposed changes to the operation.
If you are considering combining personal occupation with rental accommodation, establish how that would affect the available units and operating plan.
For financing, request terms for your particular transaction and assess repayments against verified income and expenses. Do not assume a lending arrangement is available or that the property’s rental receipts will cover its cost.
Compare the $715,000 Purchase With Other Property Types
The asking price places Buddha Apartments below $1 million, but the most useful comparison begins with what you want to own.
A private home, a villa and a property containing six rental units involve different levels of management, guest activity and maintenance.
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| Property Type | Ownership Focus | What to Investigate |
|---|---|---|
| Private Residence | Accommodation for your household and personal visits. | Layout, privacy, maintenance, access and any proposed rental use. |
| Villa With Rental Use | A whole property that may serve personal stays and guest bookings. | Booking arrangements, management costs, permitted use and the interaction with personal visits. |
| Buddha Apartments | Six furnished rental apartments within one property. | Performance by unit, operating expenses, staffing, utilities, building condition and business documentation. |
Browse homes for sale in Santa Teresa, Santa Teresa hotel and leisure properties and commercial properties in Santa Teresa to compare actual available options.
Review the Price Drop Against the Property Details
The Buddha Apartments listing is headed as a price drop and displays an asking price of $715,000. Request the pricing history and current availability directly from the listing team.
Assess that price alongside the six apartments, building condition, included assets, legal position and documented operating results.
The location proposition centres on access to the beach and Playa Carmen amenities. An ocean view is not identified as a feature in the published description, so buyers prioritising a panoramic outlook should clarify their requirements with the agent.
Explore Buddha Apartments With Coldwell Banker Sunset Reef Realty
Buddha Apartments provides a specific option for buyers seeking multiple rental units in Playa Carmen: six furnished apartments, a 273 m² titled lot, city water and electricity, and a location approximately 300 metres from the beach.
Coldwell Banker Sunset Reef Realty identifies Katelyn Reading as the listing agent. Request the property information for Listing ID 24752, discuss your intended use and arrange a viewing.
View Buddha Apartments and enquire about the $715,000 opportunity.
Costa Rica: +506 8752 7000
United States: +1 239 504 4300
Email: info@cbsunsetreefrealty.com
Frequently Asked Questions
What does the $715,000 asking price cover?
The listing offers Buddha Apartments as one property containing six furnished rental apartments. Request the sale inventory and transaction details to establish all included property and business assets.
How many apartments are included?
The published configuration comprises four studio apartments and two apartments with one bedroom, each with a private bathroom and kitchenette.
How close is Buddha Apartments to the beach?
The listing places the property approximately 300 metres from the beach and describes the walk as around three minutes. Walk the route during a viewing to assess it yourself.
Does the property have city water?
The listing states that the property has city water and electricity. Request connection details, recent bills and service history as part of your assessment.
Is the property currently operated as a rental business?
It is marketed as an established rental operation with returning renters. Request historical bookings, income and expenses to assess its actual financial performance.
Can the apartments be used for short or long term rentals?
The listing describes both rental approaches. Have the applicable permits, operating requirements and existing commitments reviewed for your proposed use.
Does Buddha Apartments have commercial zoning?
The listing describes commercial and residential zoning on a public road. Ask qualified local advisers to verify the permitted uses and relevant documentation.
Does the property have an ocean view?
An ocean view is not identified in the published description. The location is marketed around beach proximity and access to Playa Carmen’s amenities.
How can I arrange a viewing?
Contact Coldwell Banker Sunset Reef Realty or call +506 8752 7000. Quote Listing ID 24752 and request current availability, property information and a viewing appointment.