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 Sirena 2 bed PH | Condo for sale in Akumal

La Sirena 2 bed PH

Half Moon Bay (Akumal, Quintana Roo, Mexico, 77737)…

2Beds 2Baths $399,000USD

$399,000 USD
$7,972,020 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
Property Size: 112.85m2
Property ID: 600944164
Beds: 2
Baths: 2

Gorgeous ocean view condo for sale

Discover the joy of coastal living in this oceanfront condo on Half Moon Bay in the quiet community of North Akumal. The La Sirena complex is located right on the beach and just a few minutes away 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.

Spectacular ocean views fill this spacious 2-bedroom, 2-bath condo, which gets great airflow and plenty of natural light. It features a fully equipped kitchen with a breakfast bar, a sun-filled living room, a dining area, and front and back terraces for appreciating the remarkable seaside in any weather. The large front terrace offers sweeping panoramic views of the palm-fringed Caribbean coastline and the back terraces overlook the courtyard. Plus, an interior window lets you enjoy ocean views from the primary bedroom as well! 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 and air conditioning.

La Sirena’s beautifully landscaped courtyard and community pool area is perfect for entertaining on hot days or laid-back evenings. Just steps away, you can lounge under a shady palapa on the beach or head out snorkeling, kayaking, or paddleboarding in the calm, clear waters of the bay. If your guests need help with anything, the building’s front desk is always available to answer questions.

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

Ceiling Fan

View

Beachfront
Jungle
Ocean View

Cooling

3+ Mini Splits

Lot Features

Landscaped
Private Pool
Swimming Pool

Sewer & Water

Cistern

Appliances

Refrigerator
Stove

Extra Features

Balcony
Furnished
Pets Allowed
Sprinkler System
Storm Shutters (Manual)

Year Built

1995

HOA Fees

$919 USD monthly including HOA and other monthly dues

Taxes

$7430 MXN annually and $151,392 MXN annually paid by condo association

Map

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Playa Del Carmen and Tulum Mexico Real Estate | La Sirena 2 bed PH | Condo for sale in Akumal

La Sirena 2 bed PH