SOLD

This property has been sold by Bruno Real Estate. Ikal Bungalows is a boutique hotel in Region 15, Tulum, acquired by an investor who recognized what the market rarely offers at this price point: a unique, operating concept with room to grow, in a location that consistently attracts guests.

The property sits on a 472m² (5,080 sqft) lot with 225m² (2,421 sqft) of construction, divided into three individual bungalows. Each unit has a private bathroom, kitchen, floor-to-ceiling windows, and palapa-style double-height ceilings. The design draws from modern Mayan architecture with a bohemian character that is genuinely difficult to replicate at this scale. There is also a dedicated laundry room and ample storage, practical infrastructure for day-to-day hotel operations.

The concept has expansion potential built in. The lot supports adding one or two additional bungalows without compromising the property’s original character, a meaningful option for an investor focused on growing revenue without a full redevelopment.

At $360,000 USD, the property occupied a segment of the Tulum market that offers very little genuine choice. Generic condos dominate the sub-$360K range, while well-designed villas rarely appear below $650K. Ikal Bungalows sat in between, with a unique design, real income potential, and land valued at $120K USD on its own. The price reflected the maintenance required, and that created the opportunity.

The location is blocks from Calle 7, the main commercial strip of La Veleta, with coffee shops, restaurants, and convenience stores within walking distance. Easy access to Avenida 5 and Holistika. Region 15 continues to attract investment buyers looking for properties that perform in Tulum’s active short-term rental market.

This property is no longer available. Looking for something comparable? These are two active listings worth your attention.

Casa Coco — Región 7
A 3-bedroom, 166m² (1,787 sqft) home on a 207m² (2,228 sqft) lot, priced at $336,000 USD. A well-priced residential option in one of Tulum’s most established neighborhoods.

Villa Kaan — Holistika
A 3-bedroom, 301m² (3,240 sqft) villa on a 301m² (3,240 sqft) lot, priced at $490,000 USD. A rare residential opportunity in Tulum’s most recognized wellness community.

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