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 Ruh Bahia Principe (Akumal, Quintana Roo, MX ) Built

SALE PENDING $498,000 USD

Details

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BuyPlaya Real Estate Advisors

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

Type: Residential
Style: Single Story
Bedrooms: 4
Bathrooms: 3
Half Bathrooms: 2
Garage: Double
Size: 3,014 sq. ft.
Development Level: Built
Lot Size: 842 sq. m.
Year Built: 2015
Taxes: $500.00 USD
Condo Fees: $100.00 USD

Description

Move-in ready custom home for sale in a private community

This modern two-story home for sale at Villas Caribe is located inside an exclusive double-gated community with VIP amenities. Nestled in a 717-acre residential golf resort, the property is surrounded by world-class golfing and just minutes from the natural beauty of the Caribbean coast. Tulum Country Club (formerly Bahia Principe) is situated in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum, and just over 50 miles (80 km) south of Cancun International Airport.

This one-of-a-kind custom home features a spacious open floor plan with a fully equipped kitchen with an island and stainless steel appliances, dining seating for six, and a light-filled living room with large windows and sliders that open out onto a private terrace with a jacuzzi-style tub and an outdoor grill, perfect for your al fresco cookouts. It has custom aluminum doors, furnished patios with breathtaking views and a private garage. The master suite has a walk-in closet and a luxurious master bath with a double vanity and a separate shower and bathtub. This home comes equipped with all the practical amenities that you would expect, including ceiling fans, air conditioning and a laundry room with a washer. It is being offered for sale fully furnished and ready for you to make it your own.

When you buy in Villas Caribe, you'll also enjoy all the benefits of life in Tulum Country Club including access to the world-class 27-hole golf course designed by Robert Trent Jones II, as well as a community center with a pool, recreational facilities, restaurants and bars, and two fabulous beach clubs.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this home will bring many years of personal enjoyment while providing an excellent income if used as a vacation rental. Contact one of our friendly and knowledgeable agents today for more information.

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan
Hot Tub / Spa
Laundry Room
Window Covers

Appliances

Dishwasher
Dryer
Freezer
Gas Range
Microwave
Outdoor Grill
Refrigerator
Stove
Washer/Dryer Hookup

Lot Features

Cul-de-sac
Deck
Fenced
Garden Area
Landscaped
Trees / Shrubs

Extra Features

Furnished
Garage Door Opener
Security Guard on Duty

P2#498025509

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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.