What is The Grove?
The Grove is a condominium development in Downtown, Playa del Carmen, Quintana Roo, Mexico. Current status: Pre-construction. Published price: $4,987,500 MXN or approximately $294,103 USD at the Banxico FIX rate of 16.9583 of 20 Aug 2026. Layouts run from 1 to 3 bedrooms spanning 50 to 529 m². Bathrooms per unit: 1 to 3 depending on the layout. Amenities include pool, rooftop, sky lounge & bar, spa, gym. For reference, the median price per m² in Downtown is $118,853 MXN (~$6,819 USD) across 175 available units in 5 developments, from the open Nautilus dataset, cut-off 2026-08-10. Coordinates: 20.637226, -87.061989. Half of the sub-zone's available inventory trades between $111,888 and $125,210 MXN per m² (p25-p75). Acquisition tax (ISAI) in the municipality of Solidaridad is 4%; a foreign buyer holds title through a fideicomiso bank trust. Nautilus Real Estate represents this property and publishes no appreciation, return or occupancy projections.
The Grove is an 8-level biophilic building in the heart of Playa del Carmen, set beside the Pulmón Verde —a protected mangrove nature reserve— on Calle 48 at the corner of Cozumel. Its curved architecture is wrapped in stepped terraces of cascading greenery that engage with the jungle, and from the upper floors it opens onto views of the Caribbean Sea and the mangrove. It sits about a five-minute walk from the beach (Cisne Beach) and a short distance from Fifth Avenue, with restaurants, cafés and shops nearby. The development, by Coastal Group, totals 88 apartments plus ground-floor commercial spaces, crowned by five penthouses. The offering is organized into four collections: The Essential (1-bedroom suites, ideal as a pied-à-terre), The Signature (one- and two-bedroom homes with soft lines and island kitchens), The Private Pool Residence (three units with a terrace and private pool overlooking the ocean and mangrove), and The Penthouse (five 2- to 3-bedroom residences with a private rooftop, wine cellar and high-end finishes). In all, layouts of 1, 2 and 3 bedrooms, each with a bath per bedroom, between 50 and 190 m² in the apartments and up to 529 m² in the penthouses. Every residence is delivered turnkey —ready to live in or rent— with an equipped kitchen, brand-name appliances (TEKA, LG, Samsung, Nespresso), inverter mini-splits, Smart Life home automation, a smart lock and a reverse-osmosis water purification plant; the penthouses and pool residences add a wine cellar, dishwasher and upgraded equipment. Interiors combine polished concrete, warm woods, Calacatta-style quartz and travertine, with floor-to-ceiling windows that blend interior, terrace and greenery. Community life is designed around wellness and nature: a family pool, children's pool and adult pool on the first level, plus an adults-only rooftop with a panoramic pool and sky bar; an equipped gym, a yoga studio and a spa with a jacuzzi, cold plunge and saunas; a residents-only bistro/café, a lobby with reception and concierge, 24/7 security, an elevator with full accessibility and secure underground parking. It is sold pre-construction, from about $284,700 USD (1-bedroom apartments), with estimated delivery in June 2029 and payment plans that Nautilus reviews and tailors with you based on the unit and timing. We share the real availability status and pricing directly; we do not publish guaranteed returns. As it sits within the restricted coastal zone, foreign buyers purchase through a bank trust (fideicomiso), and the acquisition tax (ISAI) in the municipality of Solidaridad is around 4%. Nautilus coordinates due diligence, contract and construction-progress verification, the trust and a bilingual closing, from start to finish.
Amenities
Specifications
Layouts & availability
| Layout | Size | Availability |
|---|---|---|
| 1 bedroom · 1 bath | 50–134 m² | From ~$284,700 USD |
| 2 bedrooms · 2 baths | 99–190 m² | From ~$610,300 USD |
| 3 bedrooms · 3 baths | 151 m² | From ~$962,900 USD |
| Penthouse · 2–3 bd | 368–529 m² · private rooftop | From ~$2,822,900 USD |
Approximate total areas; each unit is delivered turnkey/equipped. Collections: The Essential (1 bd), The Signature (1–2 bd), The Private Pool Residence (with a private pool) and The Penthouse. Availability and prices as of June 2026 — confirmed directly before any reservation.