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 | La Bahía Beachfront Penthouse – Seller Financing Considered | Condo for sale in Akumal

La Bahía Beachfront Penthouse – Seller Financing Considered

Akumal (Akumal, Quintana Roo, MX - 77737)…

2Beds 1Baths $340,000USD

$340,000 USD
$6,915,600 MXP
Estimate only. Updated Daily.

Marieke Brown

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Sale Pending

Property Description

Property Type: Condo
Status: Sale Pending
Property Status Re-sale
Location: Akumal
Property Size: 767 sq. ft.
Property ID: 542802527
Beds: 2
Baths: 1

Gorgeous beachfront penthouse for sale in Akumal

This ocean view penthouse is located on the top floor of a popular beachfront building on Half Moon Bay in the quiet community of North Akumal. With white sandy beaches, clear turquoise Caribbean waters, and incredible snorkeling spots at every turn, Akumal's Half Moon Bay has become a haven for buyers in search of that laid-back Mexico beach vibe. 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.

This oceanfront 2-bedroom, 1-bath penthouse condo has great airflow and wonderful views across Half Moon Bay to the Caribbean and beyond. It has a fully equipped kitchen with a breakfast bar, an open plan living and dining area, and a large oceanfront terrace that allows for plenty of natural light and a nice sea breeze. Windows and terraces on the ocean and jungle sides of the condo offer sunrise and sunset views and create cross ventilation that helps to keep the unit cool. This condo features updated furnishings and flooring. It is being offered for sale fully furnished and equipped with all the practical amenities that you would expect, including ceiling fans, air conditioning, and storm shutters.

The condo building is located right on the beach and just a few minutes away from the beautiful Yalku Lagoon, making it perfect for heading out snorkeling, kayaking, or paddle boarding in the calm waters of the bay, or lounging under a palapa on the wide sandy beach. The building is very well maintained with professional onsite management who take great care of owners and rental guests alike.

Whether you’re searching for a permanent home, a vacation home, or a profitable rental investment property in Akumal, you can’t go wrong with a vacation condo that’s right on the beach. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Ceiling Fan

View

Beachfront
Ocean Front
Ocean View

Cooling

2 mini splits

Lot Features

Trees / Shrubs

Extra Features

Balcony
Front Desk
Furnished
Security
Storm Shutters (Manual)
Tile Floor

Parking Spaces

Year Built

1987

HOA Fees

$1076USD per month

Taxes

Included in HOA fees

Map

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Playa Del Carmen and Tulum Mexico Real Estate | La Bahía Beachfront Penthouse – Seller Financing Considered | Condo for sale in Akumal

La Bahía Beachfront Penthouse – Seller Financing Considered