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 | Casa Iguana | House for sale in Akumal

Casa Iguana

Half Moon Bay (Akumal, Quintana Roo, Mexico)…

4Beds 4Baths $1,500,000USD

$1,500,000 USD
$30,255,000 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Property Status Re-sale
Location: Akumal
Property Size: 212.87 M2
Lot Size: 1325.50 M2
Property ID: 603723019
Beds: 4
Baths: 4

Gorgeous oceanfront villa with private pool and guest casita

The spectacular oceanfront villa has one of the best beach locations in the quiet seaside community of Akumal. It’s located just steps from the center of town and a few minutes from the beautiful Yal-ku Lagoon. A favorite spot for snorkelers, Akumal boasts an easily accessible reef system full of vibrant living coral and teaming with sea life. This tiny seaside village supports a full-service dive shop, a small grocery store, and a handful of cafes and restaurants with great food and live music.

You'll be amazed at what awaits you when you walk through the front gate of this stunning oceanfront property. It sits on just over a quarter acre of land and features a luxurious 2-bedroom, 2-bath main house and a 2-bedroom, 2-bath guest casita, perfect for visitors, family or for rent. The unique round main house is designed in a traditional Mexican style with colorful Talavera tiles, carved wood doors, Caribbean-inspired décor, and palapa thatch roofs. It has a fully equipped kitchen with a breakfast bar and Talavera tile countertops. The bedrooms have closets and en suite baths. The sun-filled 2-story casita has a fully equipped kitchen, living and dining areas, closets in the bedrooms, and two ocean view balconies. Both units have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

Casa Iguana features a huge courtyard with a pool, an outdoor grill area, a beach volleyball court, and a palapa overlooking the water. The landscaped grounds are beautifully maintained with palm trees and tropical vegetation. There are lovely fountains, a pergola for outdoor dining, and palapas that provide plenty of cool, shady areas. Just a few steps away, you can lounge on the white sandy beach or head out snorkeling, kayaking, or paddleboarding in the calm, clear waters of the bay. This gorgeous property is walled-in, gated, and equipped with security cameras for added privacy and exclusivity.

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