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 | 101 Park 2 Bedrooms Phase 2 | Condo for sale in Tulum

101 Park 2 Bedrooms Phase 2

Tulum Centro (Tulum, Quintana Roo, MX - 77750)…

2Beds 2Baths $523,031USD

$523,031 USD
$9,043,206 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 123.89 sq. mt.
Property ID: 444887303
Beds: 2
Baths: 2

New luxury condos for sale in Tulum

101 Park is an exciting new luxury condominium development located along Avenida Coba, between Aldea Zama and the Tulum hotel zone. Surrounded by tropical jungle, this eco-friendly complex is located just minutes from the bohemian chic town center of Tulum and within short walking distance of the gorgeous white sand beaches. Nature lovers will adore the proximity to the ruins of Tulum, Coba, and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

This beautiful new residential development is inspired by the energy chakras. It offers 1-, 2- and 3-bedroom condos and penthouses with different layouts and options to suit your needs, including lock-off units for additional occupancy and earning potential. They feature spacious open floor plans, natural materials, and inviting indoor-outdoor living spaces. Ground level swim-up units provide direct access to beautiful communal pools surrounded by nature, while garden pool units have a large garden area with a plunge pool. Higher-level units have private balconies with interior or jungle views, and penthouse units have a luxurious roof garden with a private pool and an outdoor grill area.

Owners and guests at 101 Park enjoy access to the incredible rooftop with an infinity pool and sundeck. This is the perfect place to soak in the beauty of the jungle and gaze upon the stars at night. The developer has taken great care in preserving 60 percent of the existing jungle and ensuring that the maximum amount of greenery is left untouched. Other amenities include a cenote, a fitness center, a playground, and sustainable technologies like solar panels for clean energy, smart home systems, and Tesla charging stations. The complex is safe and secure with gated entry and 24-hour security.

This beautiful new residential development in Tulum is perfect for people who want a Caribbean getaway for vacations, or even to retire to. Its highly sought out location between Aldea Zama and the beach will ensure an excellent return on your investment if used as a vacation rental.

101 Park promises to be one of the area’s most desirable new residential communities. Delivery is scheduled for 2023. Contact one of our friendly agents today for presale pricing and options.