Shangrila generally refers to the area that runs from 5th Avenue to the beach, sandwiched between Mamitas Beach to the south and Coco Beach to the north. Named for a popular "Old Playa" hotel with rustic beachfront cabanas, Shangrila is widely thought to have one of the best stretches of beach in Playa del Carmen.

Nestled between these two popular beach destinations, Shangrila is a very desirable area for investors looking for a solid vacation rental property. A number of new luxury real estate offerings have been built in the area attracting visitors from around the world. Mirasol, Deva, Luna Maya and Haab are just a few of the condominium complexes that have been built in the area in the past few years.

La Cueva del Chango, one of Playa del Carmen's oldest and best loved restaurants, can be located here and recently, the neighborhood seems to become a mecca for upscale restaurateurs and their followers. Some of Playa del Carmen's best fine dining can now be found on and near the corner of 5th and Calle 38, the very heart of Shangrila.

For more information about real estate options in the Shangrila neighborhood of Playa del Carmen, contact Neighborhood Expert Rob Kinnon via email Rob@BuyPlaya.com or by phone 518-250-1269 US/CA  984-115-4611 Mexico.