Always wanted to live the Caribbean dream but concerned your budget may not stretch far enough? Or perhaps you’re looking for an overseas property investment and you would prefer to just dip your toe in the region?
Yes, the Caribbean can be an expensive place to live and buy property. Many parts of the region have luxury real estate markets geared primarily to the top end of the market.
However, it is also possible to find more affordable properties in the region too.
Here, we showcase villas and condos that come with a more modest asking price… Discover 7 of the best homes for sale in the Caribbean under US $100k.
Grand Bahama, Bahamas – US $80,000
Looking for a beachfront bargain in The Bahamas? This studio condo is one of the most reasonably priced apartments available. The condo is located within a well established condominium hotel on the island of Grand Bahama. Despite the attractive price tag, the unit is just steps from a stunning white sand beach and the turquoise ocean. It comes with a range of on site amenities too, including an oceanfront swimming pool, pool bar and a small convenience store. In recent years, Bahamas real estate investors have flocked to Nassau and Paradise Island while Grand Bahama has been left in the shadows. As a consequence, property prices have been suppressed. However, the new $4-million Colonial Group International Building in Freeport (Grand Bahama’s main city) has been heralded as marking the start of a revitalization of the island. It may be a buyer’s market now, but with a renaissance of Grand Bahama’s property market, prices would be expected to rise.
Tulum, Mexico- US $83,000
As one of the fastest-growing destinations in one of the most popular tourism hot spots in the world, Tulum is currently experiencing a construction boom. Condos and villas are in development in and around this town on the Riviera Maya. With the beaches of the Caribbean coast of Mexico just minutes away and a unique bohemian vibe, Tulum is attracting buyers from around the world. These condos offer incredible value for money. Located within a brand new apartment development, these units would make an ideal vacation home or investment into the destination’s flourishing rental market.
Playa del Carmen, Mexico – US $87,500
Looking for a brand new, contemporary home overseas for under $100k? These stunning villas in Playa del Carmen start from $87.5k. Situated in a family-friendly community with pool and 24/7 security, these homes are within easy reach of the beach, hospitals, restaurants, schools and the shops at Centro Maya. With all these amenities practically on your doorstep, these homes are ideal as an affordable second home or reasonably priced rental investment in one of Mexico’s most in-demand destinations.
Samana, Dominican Republic – US $89,000
As the most visited destination in the Caribbean islands, the Dominican Republic offers property buyers the opportunity to invest in a very powerful tourism market. The simply breathtaking region of Samana on the northern coast of the country is quieter than other parts of the country. As a result, property prices are (for the time being) comparatively more affordable. With the government dedicated to boosting tourism to the region, and investment flowing in, it’s unlikely to be such an appealing buyer’s market for long. These units are located within a new construction condo hotel overlooking one of the most beautiful bays in the country. With on-site amenities including 3 infinity pools, gym, spa and beach club as well as a rental program offering returns from 3 to 5% p.a. guaranteed by the developer, these condos represent some of the most attractive investment opportunities in the Dominican Republic.
Read more: Studio condos for sale in Samana, Dominican Republic
View similar properties: Samana real estate
Santo Domingo, Dominican Republic – US $92,970
As the largest city in the Caribbean with a population of 3.6 million people and the social, economic and cultural heart of the Dominican Republic, Santo Domingo offers huge potential to real estate investors. Tremendous economic growth and a burgeoning middle class has stimulated residential and commercial construction including gleaming apartment towers in the center of the city. These luxurious apartments are located within a fully-serviced 72-unit condo hotel in affluent Piantini-Serralles. Residents will enjoy amenities such as a roof top infinity pool, fully-equipped gym, lounge bar and business center. Better still, the units are also expected to deliver a Return on Investment estimated at 8.5% to 11.5% p.a.
Read more: Apartments for sale in Santo Domingo, Dominican Republic
View similar properties: Santo Domingo real estate
Bocas del Toro, Panama – US $94,900
Hugging the Caribbean coast of Panama, Bocas del Toro is a stunning chain of tropical islands dotted in the turquoise sea (plus a chunk of land on the mainland). Covered in lush greenery and fringed by dream-like beaches, the area is jaw-droppingly beautiful and epitomizes the Caribbean dream. Still largely off the beaten track, Bocas del Toro is rapidly emerging as a major tourism destination. As tourism has grown, demand for real estate in Bocas del Toro has grown too. These new construction studio condos, which start at a little under $100,000, are located within a new condo hotel development within one of the area’s most successful resorts. With a full suite of hotel amenities on site, proximity to the beach which is but a stroll away, stunning ocean views and snorkeling, swimming, water sports and a host of eco-activities available at any time, these suites are pretty hard to beat. When you throw in a 15% rental income guarantee from the developer, it’s practically impossible.
Bavaro-Punta Cana – US $105,000
OK, so these apartments are not quite under $100k – the units start at $105k. So, if your budget can stretch a little further, these units offer the opportunity to invest in the Bavaro–Punta Cana region. This area is the most sought after tourism destination in the Dominican Republic. Almost 70% of the 6 million tourists that visit the Dominican Republic each year head to the Punta Cana area. Accommodation is therefore very much in demand, which makes these affordable condos so appealing. The condos are located within a community just 10 minutes from award-winning Bavaro Beach. The management offers a rental service too, allowing investors to generate income from their investment.
Finding An Affordable Caribbean Home
So, whether you’re looking for a bargain condo in the Dominican Republic or an affordable villa on the Caribbean coast of Mexico, there are plenty of options available from across the Caribbean and Central America.
For details on all these homes for sale in the Caribbean under $100,000 plus many others, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
To discover more, explore affordable Caribbean real estate on our website.