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

Playa Del Carmen and Tulum Mexico Real Estate | Menesse Sea Tower PH | Condo for sale in Playa Del Carmen

Menesse Sea Tower PH

Coco Beach (Playa del Carmen, Quintana Roo, MX - 77710)…

1Beds 1Baths $339,394USD

$339,394 USD
$5,868,122 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 40 sq. mt.
Property ID: 459267059
Beds: 1
Baths: 1

New condos for sale by the beach and 5th Avenue

Menesse Sea Tower is an exciting new ocean view condominium development located between 5th Avenue and the beach in Playa del Carmen’s popular Coco Beach neighborhood. With easy access to the gorgeous white sand beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This is one of the city’s fastest growing neighborhoods and attracts a steady stream of vacation renters, ensuring a healthy return on your investment for many years to come.

Spend countless hours on the beach, lounging in the sun, swimming or paddle boarding. This quiet area of Playa del Carmen is close to all the goods and services of town, yet feels tucked away from it all, like a true beach retreat. Many of the city's best restaurants, beach clubs and the Cozumel ferry are all just a short walk away. In the evenings, Playa del Carmen’s famous 5th Avenue is the place to go for shopping, people watching and savoring all the culinary delights that this diverse region has to offer.

Ideal for singles or couples, these new studio-style condos are perfect for vacation rentals or as your own Caribbean getaway. They offer 430 square feet (40 m2) of living space. All of the updated units are designed to promote a modern minimalist lifestyle and feature a spacious open floor plan with a full kitchen with a breakfast bar and a balcony. They have tile floors and top-quality finishes. These condos are being offered for sale fully furnished and equipped with ceiling fans and air conditioning.

Menesse Sea Tower boasts an incredible rooftop pool and lounge area with spectacular Caribbean and city views. At night, you can take in all the stars or even the twinkling lights from Cozumel. It offers amenities such as a gym, bike racks and a bar and grill. The condo building is safe and secure with gated entry, a hotel-like lobby and 24-hour security.

These new studios offer excellent amenities and a fantastic location at a good price. Delivery is scheduled for December 2023. Contact one of our friendly and knowledgeable agents today for presale pricing and options.