Cozumel Real Estate

Prices from $159,900 USD to $2,750,000 USD Listings last updated 11/15/2018

Homes for Sale in Cozumel

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Overview of the real estate prices in Cozumel, Quintana Roo, Mexico

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More information on Cozumel, Quintana Roo, Mexico homes and apartments for sale

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Here are the 20 most popular locations from Mexico for foreign homebuyers:

La Paz , Rocky Point, Puerto Vallarta, Lake Chapala, Valle de Bravo, Campeche, Merida, Cancun, Playa del Carmen, Cozumel, Akumal, Tulum, Costa Maya

CITY GUIDE
COZUMEL, MEXICO

Cozumel is an island located off the coast of the Yucatan Peninsula in the southern region of Mexico. Cozumel is Mexico’s largest island in the Caribbean Sea and the third largest in the country. Cozumel has a population of approximately 100,000 living within its 184 square miles. Over 75% of the population lives in the town of San Miguel de Cozumel.

The top industry in Cozumel by far is tourism, which includes over 300 restaurants on the island. Other major industries in Cozumel are diving and charter fishing. There are three colleges on Cozumel, two private institutions and one public institution. These colleges are the State Public University of Quintana Roo, the Partenon Institute and the Interamerican University for Development.

Culture and history play a major role in Cozumel’s personality. The Mayan ruins tell of a thriving people whose influence is in effect in the present day. Pilgrimages to San Gervasio are common for many Mayans, where the Goddess Ixchel, the deity of fertility, is located.

The Maya in Cozumel were believed to have been in the area for over 1,000 years. When the first Spanish expedition arrived in the 1500’s, there were over 10,000 Mayans on the island. Both Mayan and colonial cultures continue to play a significant role in Cozumel.

You’ll find the Maya ruin of El Castillo Real (The Royal Castle), Parque Punta Sur, and dozens of scuba diving opportunities.

Cozumel is 30 miles long and almost 10 miles wide and is mostly a flat island covered in mangrove forest. Considered a tropical savanna climate, average high temperatures reach into the upper-80s to low-90s most of the year. The coolest temperatures are in January and February when lows dip into the mid-60s. The rainy season is long, stretching from May to January with September and October being the wettest months. The average rainfall for Cozumel is about 58 inches.

Real estate and rentals are less expensive here than other resort towns in Mexico such as Cancun and Cabo San Lucas. Its beautiful island scenery and world-renowned diving drives real estate interest from Mexicans, Americans and Canadians. There are homes, condos and apartments available for those seeking permanent residences or vacation homes.

Although island life is limiting, there are plenty of opportunities available for those interested in living and working in Cozumel. Those who want a career in the tourism industry will find ample opportunities. From affordable living to natural beauty, Cozumel is sure to continue its strong economic growth.

KEY FACTS:

Cozumel, Mexico

Cozumel, Mexico
  • Country: Mexico

  • State: Quintana Roo

  • Nickname(s): "Isla Cozumel"

  • Population: 100,000

  • Area:

    Land 477.961 km2

Lifestyle

Lifestyle and Culture

The Cozumel Island Museum is presented in both English and Spanish. It displays information and exhibits about Cozumel’s amazing ecosystem including the flora and fauna. It also tells about the Mayan people. Discover Mexico is another museum dedicated to pre-Hispanic Mayan and Toltec civilizations and features over 60 replica artifacts.

Cozumel hosts some great festivals and events throughout the year including the Festival of El Cedral and the Fiestas of Santa Cruz with origins dating back over 160 years, the Cozumel Carnival and the Día de la Revolución.

The Faro Celerain Ecological Reserve consists of thousands of acres dedicated to conservation and preservation. Exotic birds, iguanas, tropical fish and even crocodiles may be some of the creatures you encounter on a guided tour.

Lifestyle

Entertainment and Tourism

There are no professional sports in Cozumel but for the active scuba diver and snorkeler there are dozens of opportunities to take part in your hobby. Cozumel is considered one of the best scuba diving destinations on the planet.

Most activities involve being outdoors, which includes boating, deep sea fishing and ATV riding in the jungle.

Like many resort towns, Cozumel’s nightlife is vibrant and exciting. Many venues are fairly new and feature live music. Skyreef Beach is perfect for amazing live music whereas Aquino Y Su Banda is known for its salsa dancing. Other notable hotspots include the Corona Sports Bar and Tiki Tok. More commercial bars and clubs are the Hard Rock Café and Senor Frog’s.

Entertainment and Tourism
Neighbourhoods

Districts & Neighborhoods

As an island, Cozumel does not have very many districts; however, there are three main parts to the island: San Miguel de Cozumel is the most populated and then there are the Costera Norte District and Costera Sur District.

San Miguel de Cozumel

Nearly 75% of the island’s population lives in San Miguel, which is also the main tourist destination. There are plenty of local shops and major retailers as well as restaurants and tourist attractions along Avenida Rafael Melgar.


Costera Norte District

The Costera Norte District, also known as the North Coast, is filled with luxury hotels along sandy beaches. It is located just north of San Miguel and close to the airport.

Neighbourhoods

Costera Sur District

The Costera Sur District, also known as the South Coast, is a quieter setting than the other districts. It is known for its incredible diving, especially within the lagoon at Parque Chankanaab.

Real Estate Market

Because tourism is a major economic factor, the United States economy plays a big role in Cozumel’s thriving industry. With improving economic conditions, more vacation homes and condos are being sold, helping to raise the housing market. Homes are still very affordable on Cozumel.

Housing options are affordable compared to other resort and tourist destinations. Compared with Cancun, housing costs are about 10% lower in Cozumel. However, compared to places like Cabo San Lucas, rental costs are considerably lower in Cozumel. In the U.S. the housing and rental market is much more expensive. When compared to Ft. Lauderdale, FL, Cozumel is less expensive by over 80%.

The most likely buyers of properties, especially luxury and vacation homes, are found to be split three ways between Mexicans, Americans and Canadians. The main type of buyers are those looking for vacation homes in the winter months to escape the cold, people in Mexico and foreigners who are diving enthusiasts and expatriates.

Mexico has restrictions in place for non-Mexican citizens when it comes to purchasing real estate. Property must be bought by a property trust managed through a bank.



  • Price per Square Meter to Buy Apartment in City Centre: $942.88
  • Price per Square Meter to Buy Apartment Outside of Centre: $554.63
Home Style Average Rent Price
1-bedroom apartment in City Centre $375.79
1-bedroom apartment Outside of Centre $161.37
3-bedroom apartment in City Centre $486.41
3-bedroom apartment Outside of Centre $324.28

Source: www.numbeo.com (May 2017)

Education

Education

Cozumel is home to three colleges: The State Public University of Quintana Roo, the Partenon Institute and the Interamerican University for Development. The main degrees and programs offered at these schools are in English, natural resources research, tourism and commercial systems.

The public school system in Mexico is overseen by The Secretariat of Public Instruction, also known as SEP. For students aged 6 to 15, attendance is required. Because Mexico has a diverse population with expats and foreigners, there are many private and international school options.

Education