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 Luna Norte | Condo for sale in Akumal

La Luna Norte

Sirenis (Akumal, Quintana Roo, Mexico, 77780)…

2Beds 2Baths $195,000USD

$195,000 USD
$3,966,300 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Akumal
Lot Size: 87 M2
Property ID: 596627034
Beds: 2
Baths: 2

Gorgeous condo with resort-style amenities

This luxury vacation condo for sale at Grand Sirenis in Akumal offers inviting indoor-outdoor spaces and the perks of living in a resort community. The Grand Sirenis complex is full of lush green spaces with several cenotes and walking paths throughout. Nestled in a 550-acre residential resort, the property is surrounded by jungle and located just minutes from the natural beauty of the Caribbean coast. This desirable seaside resort community is safe and quiet with gated entry and 24-hour security.

This bright and airy 2-bedroom, 2-bath condo is perfect for vacation rentals or as your own home in paradise. It features a spacious open floor plan with a fully equipped kitchen with an island, a sun-filled living room and dining area, and a lock-off bedroom for additional occupancy and earning potential. It opens out onto a good-sized screened-in terrace, perfect for enjoying your morning coffee and breakfast or an evening glass of wine. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale fully furnished and equipped with ceiling fans, air conditioning, keyless lock access, and a video doorbell camera with an intercom system for added security.

Outside, you’ll find a beautiful community pool area with sun loungers and umbrellas. You and your guests can also enjoy all the perks of living in a Riviera Maya resort community, including access to a private beach, preferential rates for Day Passes at the Grand Sirenis hotel, and great discounts at the TAO Wellness Center and the Jungle Fish Beach Club, located just a few kilometers away.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this condo 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.

Amenities

Interior features/finishes

Alarm System
Ceiling Fan
Laundry Room
Window Covers

View

Jungle
Ocean View

Cooling

3+ Window / Wall Unit

Lot Features

Landscaped
Patio
Swimming Pool
Trees / Shrubs

Sewer & Water

Public

Appliances

Gas Range
Hood Fan
Microwave
Oven Range
Refrigerator
Stove
Washer/Dryer Hookup

Extra Features

Cable Available
Covered Parking
Furnished
Kitchen Island
Security
Tile Floor
Water Purifier
Water Softener

Parking Spaces

Year Built

2019

HOA Fees

$3782 MXN

Taxes

$3858 MXN

Map

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Playa Del Carmen and Tulum Mexico Real Estate | La Luna Norte | Condo for sale in Akumal

La Luna Norte