1 Bedroom Condo for sale at The Riviera Ocean Drive

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U83489
6% Rental Yield
1 Bedroom
1 Bathroom
35.50 SqM Size
14 Floor
Dec 2022 Completed

About This Condo

This property is a 35.50 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Riviera Ocean Drive project in Nong Prue, Pattaya and was completed in Dec 2022. You can buy this condo for a base price of ฿4,035,397 (฿113,673/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Sep 4, 2018
Updated 3 years ago
Property Type Condo
Floor 14
Bedroom 1
Size 35.50 SqM
Price per SqM ฿113,673
Pets Not Allowed
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Thai Quota, Company
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) Sea View, City View
Unit Type 1BR
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,775/mo
Listed By
Developer
Electricity Price Government Rate
Water Price Government Rate
Unit ID U83489

Price Analysis

Fair Price
Estimated market value ฿4,022,385
Great
฿3,780,000
Good
Fair
Above
฿4,080,000
Current asking Price: ฿4,035,397 | Rental estimate: ฿18,800/mo
This condo is priced at the current market value in the Pattaya area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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Investment Opportunity: Charges & Yield

CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,775/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
18
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at The Riviera Ocean Drive, and the current sales price.
6%

Project Details

Project Name: The Riviera Ocean Drive
Developer: The Riviera Group
Construction: Completed (Dec 2022)
Floors: 43
Buildings: 1
Units: 512
Project Area: 4,300 SqM
Nearest Landmark Jomtien Beach North - 0.5 Km
Location: Nong Prue, Pattaya
The Riviera Ocean Drive Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Lounge Lounge
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at The Riviera Ocean Drive

  • Communal Pool
    21st Floor
  • Communal Garden Area
    21st Floor
  • Reception / Lobby Area
    1st Floor
  • Indoor Kids Zone
    1st Floor
  • Lounge
    Rooftop
Close
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This condo was reserved by another buyer but check out these similar properties

Available Units at The Riviera Ocean Drive

For Sale 30 For Rent 8
Updated 1 month ago
Available Units at The Riviera Ocean Drive
฿5,259,000
฿131,475/SqM
Beds 1 Beds
Baths 1 Baths
Size 40 SqM Size
Floor 24 Floor
Thai Quota Partly Furnished Sea View
Available Units at The Riviera Ocean Drive
฿6,990,000
฿158,864/SqM
Beds 1 Beds
Baths 1 Baths
Size 44 SqM Size
Floor 34 Floor
Foreign Quota Partly Furnished Sea View
Updated 1 month ago
Available Units at The Riviera Ocean Drive
฿5,254,000
฿131,350/SqM
Beds 1 Beds
Baths 1 Baths
Size 40 SqM Size
Floor 23 Floor
Thai Quota Fully Furnished Mountain View
Updated 1 week ago
Available Units at The Riviera Ocean Drive
฿5,690,000
฿129,318/SqM
Beds 1 Beds
Baths 1 Baths
Size 44 SqM Size
Floor 18 Floor
Thai Quota Fully Furnished Sea View
Updated 1 month ago
Available Units at The Riviera Ocean Drive
฿7,650,000
฿173,864/SqM
Beds 1 Beds
Baths 1 Baths
Size 44 SqM Size
Floor 33 Floor
Foreign Quota Fully Furnished Sea View
Updated 1 month ago
Available Units at The Riviera Ocean Drive
฿7,650,000
฿173,864/SqM
Beds 1 Beds
Baths 1 Baths
Size 44 SqM Size
Floor 32 Floor
Foreign Quota Partly Furnished Sea View
Available Units at The Riviera Ocean Drive
฿3,274,425฿3,654,530
฿123,750/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 26.46 SqM Size
Floor 5 Floor
Thai Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿3,230,766
฿122,100/SqM
Beds 1 Beds
Baths 1 Baths
Size 26.46 SqM Size
Floor 4 Floor
Thai Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿3,490,000
฿135,271/SqM
Beds 1 Beds
Baths 1 Baths
Size 25.80 SqM Size
Floor 32 Floor
Thai Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿3,590,000
฿119,667/SqM
Beds 1 Beds
Baths 1 Baths
Size 30 SqM Size
Floor 10 Floor
Foreign Quota Fully Furnished
Available Units at The Riviera Ocean Drive
฿3,800,000
฿140,741/SqM
Beds Studio Beds
Baths 1 Baths
Size 27 SqM Size
Floor 14 Floor
Thai Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿5,500,000
฿157,143/SqM
Beds 1 Beds
Baths 1 Baths
Size 35 SqM Size
Floor 40 Floor
Foreign Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿6,530,000
฿148,409/SqM
Beds 1 Beds
Baths 1 Baths
Size 44 SqM Size
Floor 18 Floor
Foreign Quota Unfurnished Sea View
Available Units at The Riviera Ocean Drive
฿6,990,000
฿162,558/SqM
Beds 1 Beds
Baths 1 Baths
Size 43 SqM Size
Floor 35 Floor
Foreign Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿5,330,000
฿136,667/SqM
Beds 1 Beds
Baths 1 Baths
Size 39 SqM Size
Floor 27 Floor
Thai Quota Fully Furnished Partial Sea View
Available Units at The Riviera Ocean Drive
฿4,850,000
฿157,980/SqM
Beds 1 Beds
Baths 1 Baths
Size 30.70 SqM Size
Floor 39 Floor
Foreign Quota Unfurnished Sea View
Available Units at The Riviera Ocean Drive
฿7,900,000
฿182,028/SqM
Beds 1 Beds
Baths 1 Baths
Size 43.40 SqM Size
Floor 39 Floor
Foreign Quota Unfurnished Sea View
Available Units at The Riviera Ocean Drive
฿3,800,000
฿146,154/SqM
Beds Studio Beds
Baths 1 Baths
Size 26 SqM Size
Floor 35 Floor
Foreign Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿4,448,565
฿172,425/SqM
Good Price
Beds Studio Beds
Baths 1 Baths
Size 25.80 SqM Size
Floor 33 Floor
Thai Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿4,100,000
฿115,493/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 35.50 SqM Size
Floor 22 Floor
Thai Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿3,100,000
฿101,639/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 30.50 SqM Size
Floor 10 Floor
Thai Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿3,360,000
฿122,182/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 27.50 SqM Size
Floor 21 Floor
Thai Quota Fully Furnished City View
Available Units at The Riviera Ocean Drive
฿3,255,000
฿105,000/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 31 SqM Size
Floor 5 Floor
Thai Quota Fully Furnished City View
Available Units at The Riviera Ocean Drive
฿3,675,000
฿103,521/SqM
Beds 1 Beds
Baths 1 Baths
Size 35.50 SqM Size
Floor 5 Floor
Thai Quota Fully Furnished City View
Available Units at The Riviera Ocean Drive
฿4,100,000
฿133,550/SqM
Beds 1 Beds
Baths 1 Baths
Size 30.70 SqM Size
Floor 20 Floor
Thai Quota Unfurnished City View
Available Units at The Riviera Ocean Drive
฿7,120,000
฿158,222/SqM
Good Price
Beds 1 Beds
Baths 1 Baths
Size 45 SqM Size
Floor 37 Floor
Foreign Quota River or Canal View
Available Units at The Riviera Ocean Drive
฿4,491,135
฿174,075/SqM
Good Price
Beds Studio Beds
Baths 1 Baths
Size 25.80 SqM Size
Floor 34 Floor
Thai Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿2,850,000฿3,035,000
฿91,935/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 31 SqM Size
Floor 15 Floor
Thai Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿8,850,600
฿184,388/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 48 SqM Size
Floor 39 Floor
Thai Quota Fully Furnished Sea View
Available Units at The Riviera Ocean Drive
฿8,929,800
฿186,038/SqM
Good Price
Beds 1 Beds
Baths 1 Baths
Size 48 SqM Size
Floor 40 Floor
Thai Quota Fully Furnished Sea View
Get notified when new homes are being added to The Riviera Ocean Drive
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Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon reservation agreement signing
15%
2nd Installment
installments 2 month
20%
3rd Installment
On completion
65%
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon reservation agreement signing
15%
2nd Installment
Installments 2 month
20%
3rd Installment
On completion
65%
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
35%
2nd Installment
Installments 2 month
15%
3rd Installment
On handover
50%
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
35%
2nd Installment
installments 2 month
15%
3rd Installment
On handover
50%

Frequently Asked Questions

No pets are allowed at The Riviera Ocean Drive unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿50 per square meter based on the size of indoor area of the property and is ฿1,775 for this condo. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At The Riviera Ocean Drive the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Jomtien Beach North is the nearest Beach from The Riviera Ocean Drive and it is 0.5 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at The Riviera Ocean Drive you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon reservation agreement signing
15%
2nd Installment
installments 2 month
20%
3rd Installment
On completion
65%
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon reservation agreement signing
15%
2nd Installment
Installments 2 month
20%
3rd Installment
On completion
65%
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
35%
2nd Installment
Installments 2 month
15%
3rd Installment
On handover
50%
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
35%
2nd Installment
installments 2 month
15%
3rd Installment
On handover
50%

Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

Read more here

Sale Price : ฿5,759,000
FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

Do you own a property at The Riviera Ocean Drive?

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Reviews

4 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
New condo close to Jomtien Beach, worth investment
Prasit E., Thailand, 3 years ago
I have booked this condo for 1 unit- 2 bedrooms with fully furnished. It saves my time decorating a lot. I've planned to rent it out shortly. The reason I chose this condo is because it is a new condominium project and outstanding. There will be many tourists visiting Pattaya in the future. No high-rise buildings are surrounding the project to commune with the Jomtien Beach view nicely from every unit, and it's considered the selling points of this project. There is also a full range of facilities such as a communal pool, jacuzzi, and a communal gym located on the 21 and 22 floors facing directly to the sea. Besides, I can relax comfortably on the 43rd floor. The highest floor will be an entertainment zone and an on-site restaurant where we can have leisure time in the evening. I think the 43rd floor will be the project highlight when it is completed. I'm the one who will be on that floor. I will also invest in this project because it is a popular and quality property from The Riviera Group. It is such a masterpiece. I believe in this project because of the construction building standard, and I think I won't be disappointed anymore.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Riviera Ocean Drive

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Nong Prue, Pattaya, Chon Buri
Number of units
531
Sales Prices
฿2.46M - ฿6.8M
▼ -4.3% underpriced
Monthly Rentals
฿12.9K - ฿15K
Year Built
Jun 2016
Completion Status
Completed
Project Name
Acqua Condo
Location
Nong Prue, Pattaya, Chon Buri
Number of units
309
Sales Prices
฿2.09M - ฿3M
▼ -10.7% underpriced
Monthly Rentals
฿20K - ฿25K
Year Built
Jun 2014
Completion Status
Completed
Location
Na Chom Thian, Pattaya, Chon Buri
Number of units
N/A
Sales Prices
฿13M - ฿16.5M
▲ 4% overpriced
Monthly Rentals
N/A
Year Built
Dec 2010
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1972
Sales Prices
฿3.12M - ฿15.6M
Monthly Rentals
N/A
Year Built
Dec 2027
Completion Status
Off Plan
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1450
Sales Prices
฿1.99M - ฿4.19M
▼ -7.3% underpriced
Monthly Rentals
฿10K - ฿15.5K
Year Built
Dec 2015
Completion Status
Completed
Project Name
The Park Jomtien
Location
Nong Prue, Pattaya, Chon Buri
Number of units
162
Sales Prices
฿5.3M - ฿8.9M
Monthly Rentals
฿25K - ฿42.5K
Year Built
Dec 2010
Completion Status
Completed
Project Name
Gardenia Pattaya
Location
Nong Prue, Pattaya, Chon Buri
Number of units
54
Sales Prices
฿5.72M - ฿8.17M
Monthly Rentals
N/A
Year Built
May 2023
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
660
Sales Prices
฿1.11M - ฿2.45M
▼ -2.6% underpriced
Monthly Rentals
฿7.5K - ฿15K
Year Built
Jun 2015
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
75
Sales Prices
฿3.29M - ฿10M
▲ 9% overpriced
Monthly Rentals
฿26K - ฿45K
Year Built
Jun 1983
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
60
Sales Prices
฿3.5M - ฿5.75M
▼ -8% underpriced
Monthly Rentals
฿11K
Year Built
Jun 2010
Completion Status
Completed
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