Synonymous with luxury living, the pristine beaches and lush hillsides of the Caribbean are famed for magnificent estates in chic destinations such as St Barts, Grand Cayman and Turks & Caicos.
Prices at the top end of the market can rise into the tens of millions. However, the dream of owning a home in the Caribbean can be achieved on a much smaller budget too by savvy investors.
Condos can start from approximately $135,000. Studios can be snapped up for even less in some locations. It is even possible to pick up homes for sale in the Caribbean under $100,000.
So, for buyers looking to invest in affordable real estate in the Caribbean, here we showcase 7 of the best homes for sale in the Caribbean under US $200k.
Playa del Carmen, Mexico – From US $83,000
Located in the heart of Playa del Carmen on the popular Caribbean coast of Mexico, these are some of the most affordable condos for sale in the region. Designed in a contemporary urban style with exposed brickwork and artistic touches, the look and feel of these loft-style studio condos would not be out of place in a contemporary development in New York. But unlike typical condos in the Big Apple, these studios come with access to a rooftop pool, garden and sundeck and are just 5 minutes from the beach.
Read more: Condos for sale in Playa del Carmen, Mexico
Negril, Jamaica – From US $135,000
These new construction condos enjoy views of one of the best beaches in Jamaica and the wide expanse of the turquoise Caribbean Sea. The condos are located within a new boutique gated community in the beach resort town of Negril which is renowned for nearby Seven Mile Beach. While the beach is just a stroll away, residents of this community enjoy use of a selection of on site amenities too, including a club house, swimming pool and fitness center.
Read more: Condos for sale in Negril, Jamaica
Punta Cana, Dominican Republic – From US $139,000
One of the most popular destinations in the Caribbean, Punta Cana in the Dominican Republic attracts millions of visitors every year. As a result, apartments in Punta Cana are perfect for vacations as well as investments for the short-term rental market. These condos in the Bavaro area to the north of Punta Cana Airport are some of the most reasonably priced properties in the area. They are just a minute from Bavaro Beach and owners benefit from special discounted rates to play golf at the adjacent Hard Rock Golf Club at Cana Bay.
Treasure Cay, Bahamas – US $180,000
Looking for a vacation home just a hop, skip and a jump from the US? This condo is located in Treasure Cay in the Abaco Islands of The Bahamas, just 165 miles east from West Palm Beach, Florida. Easily accessible via a 1 hour flight from Miami, Fort Lauderdale, West Palm Beach and Orlando or just a short flight from Atlanta, Treasure Cay is easily accessible to buyers from North America. It is also perfect for all the family. The 3 mile beach, marina, 18 hole golf course, tennis courts, shops, restaurants and medical clinic are just a short walk from this condominium unit.
Read more: Condo for sale in Treasure Cay, Bahamas
Cabarete, Dominican Republic – US $180,000
Prefer the idea of owning a detached villa rather than a condo? If so, this villa in the Dominican Republic is one of the most reasonably priced options available. Located in Cabarete on the country’s northern coast – a well established and popular beach and kite surfing destination – the villa offers almost 3,500 square feet of living space with 4 bedrooms. The property offers great value for money especially when one takes into account its size.
Waterlands Village, Bonaire – US $185,000
Love snorkeling and diving? The southern Caribbean island of Bonaire offers some of the best snorkeling and diving waters in the entire Caribbean. This cottage would be the ideal base for any diving enthusiast. Situated in Waterlands Village, a small resort community on the waterfront with a successful track record, this cozy cottage has a contemporary feel with inviting living room, modern kitchen and private outdoor sitting area.
West Bay, Roatan – US $199,000
With spectacular white sand beaches, crystal clear waters, superb diving and a friendly welcoming vibe, the island of Roatan in the Bay Islands is an increasingly popular beach and diving destination. It also offers some very reasonably priced real estate. This home is nestled in the hills just a short walk from West Bay Beach, arguably the most beautiful beach in Roatan. Designed in a laidback island style, the home offers plenty of outdoor living spaces to enjoy the beautiful sea views.
Read more: Home for sale in West Bay, Roatan
Finding Your Perfect Property in the Caribbean for Under $200,000
So, from affordable condos in the most popular destinations in Jamaica and the Dominican Republic to very attractively priced villas on islands such as Bonaire and Roatan, there are plenty of affordable options on the market in the Caribbean.
For details on all these homes plus many others, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
To discover more, browse affordable Caribbean real estate on our website.