PITAYA PREMIUM is the second phase of Pitaya Residential. Phase II will offer 22 single-family home lots ranging from 306 to 350 m².
The first phase of the project, which was launched in January 2022, was a resounding success, selling out within the first six weeks of its launch. Due to the overwhelming success of Pitaya I, we have decided to continue the brand and further enhance the value of the project with larger green areas, higher-end construction, improved planning, and economical pricing positioned approximately 40% below market.
The rapidly changing lifestyles and the ability to work remotely brought about by the pandemic have made owning a home abroad with modern amenities more important than ever. The enthusiastic response to Phase I of Pitaya Residential reiterates our belief that customers in North America are seeking international-standard residential projects, something the town of Tulum still lacks in supply.
Pitaya Residential aims to offer not just comfortable homes in a safe environment but a complete lifestyle for buyers who are searching for an alternative way of living while having peace of mind that they are making a responsible investment decision.
LAND BANKING OPPORTUNITY
Pitaya Premium also presents a compelling land banking opportunity for buyers who want to secure well-located residential land in Tulum before the surrounding area continues to mature. As infrastructure, access roads, services, and surrounding development continue to advance throughout Zone 11, strategically located residential land has the potential to become increasingly scarce and valuable over time.
Buyers have the flexibility to hold their lot as a long-term asset, build when the timing is right, develop a private residence or income-producing rental property, or position themselves for future resale as demand for single-family home inventory in Tulum continues to grow.
Land in Tulum has seen prolific appreciation over the past decade. There is also increasing demand for single-family homes as more people look for a new home in the Caribbean or more space while on vacation; however, a shortage exists in this type of inventory. This gap in the market provides a unique opportunity for investors to create this inventory from the ground up and generate potential cash flow through short- or long-term rentals, all while their property continues to steadily increase in value.
RESIDENTIAL DISTRICT
The new residential district of Tulum in Zone 11 will provide sanctuary to those looking to move to Tulum full-time with their families. The area is appealing due to its proximity to the beach, the new mall, downtown Tulum, Green School, and the hospital, all within approximately eight minutes by car.
