Can foreigners really own property in Mexico?

es! Today, Mexican laws give foreigners the ability to own real estate in Mexico. There is, however, a Restricted Zone that extends 50 km inland from the coastline. Outside the Restricted Zone, a foreigner may acquire land and be direct owners of the property with all the rights of a Mexican national in compliance with Mexican Law. Inside the Restricted Zone, there are two alternatives for foreigners who wish to buy real estate. Since 1973, foreigners have been able to purchase coastal property through a Mexican bank trust, known as a Fideicomiso.

Can I get financing for my real estate purchase in Mexico?

Unfortunately, at this time, there are no financing or mortgage options for foreign buyers in Quintana Roo. This can change at any time and updates will be posted.

What about the availability of title insurance?

Beginning in 1996, Stewart Title Mexico began underwriting title insurance for Mexican properties at an approximate cost of 1% of the insured amount. Other types of insurance, including property, liability, damage, and earthquake, are all readily available in Mexico, at low cost, and policies can be written to pay claims in U.S. dollars.

What can I expect to pay in property taxes?

Property taxes have historically been low in Mexico because they have never been considered a source of governmental revenue. Known as Predial, the tax is calculated as a percentage (currently .25% of the assessed value), determined at the time of sale. Generally speaking, you can expect to pay $100usd per $100,000usd of assessed value yearly.

Who will manage my property when I am not using it?

Choosing the right Property Management company can mean the difference between an excellent appreciating investment and a huge liability. If you are a property owner in search of Property Management, we are happy to be able to refer you to the best, most professional Property Management companies and will gladly arrange a meeting with their teams. The right management company for you will take the time to a construct a cohesive plan that will best serve your particular needs and help you to realize your property's maximum potential and protect your investment.

Why should I consider buying property in Mexico?

The coastal real estate market in Mexico is booming. Mexico's economy, the 9th largest in the world, values and encourages foreign investment dollars and especially tourism; Mexico is a top world-destination for both vacation and retirement among US and Canadian

Casa Zenoté Bahia Principe (Akumal, Quintana Roo, MX - 77737) Built

$434,000 USD

Details

Photos Map

BuyPlaya Real Estate Advisors

Marieke Brown 984-803-2487 (Office) 518-250-1269 (Office) Request More Info

Unique and Stylish Villa
Type: Residential
Style: 2 Storey
Bedrooms: 3
Bathrooms: 3
Size: 245 sq. m.
Development Level: Built
Year Built: 2013
Taxes: $6,762.00 MXN

Description

Stylish and Spacious Villa for Sale in a PGA Golf Course Community

This unique villa is located in the Tao Inspired Living Community! A community built upon the values of connection, inspiration, creativity and compassion. Tao is committed to the betterment of our local ecology, traditional cultures and global community.

Nestled in the 717-acre Tulum Country Club Residential Complex and Golf Resort, five minutes drive from the white sandy beaches of the Caribbean, and tucked in beside the fairway of the 6th green on the world class PGA accredited Robert Trent Jones II 36-hole golf course, Tao Inspired Living offers spacious Residences, Townhomes and Condominiums, as well as, a Wellness Center and Retreat (boutique hotel). This double gated community enjoys beautiful tree lined avenues and 2 large pools with beautiful golf course views. The Tao Wellness Center is adjacent to the living community claims a natural sanctuary with absolute respect for the surrounding environment. Residents enjoy a preferential membership rate to enjoy more pools at the Wellness Center along with a gym, daily yoga classes, a spa, and temescal.

This gorgeous villa features 3 bedrooms (plus also a beautiful office space with jungle views which will work as an occasional 4th bedroom) and 3 full bathrooms on two levels allowing an efficient use of space. The first floor features a guest bedroom with ensuite bath, an equipped kitchen, spacious living room overlooking the lush jungle, golf course as well as the terrace and private dipping pool. The Second floor offers an additional sunning terrace, a fabulous master bedroom with large windows overlooking the lush jungle, as well as a guest bedroom and a private office.

Tao Inspired Living Community offers focus on inner peace programs, fitness, nutrition, creative arts, Gourmet health food restaurant and Cafe, Eco-Boutique focusing on the finest quality products for your daily needs and wellness interests, a private Beach Club and the Robert Trent Jones II 36-hole championship golf course.

For more information regarding this opportunity please contact our agents today!

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan

View

Forest
Golf Course

Appliances

Dishwasher
Gas Range
Microwave
Oven Range
Refrigerator
Stove

Cooling

3+ Window / Wall Unit

Sewer/Water Systems

Other
Public

Lot Features

Clubhouse
Deck
Gated Community
Landscaped
Patio
Swimming Pool
Trees / Shrubs

Extra Features

Balcony
Controlled Access
Furnished

P2#240464426

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Information about Playa del Carmen real estate displayed on this website is deemed to be correct but not guaranteed. Please contact me to confirm all information at Rob@BuyPlaya.com.