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 | Playa Caribe | Condo for sale in Akumal

Playa Caribe

Half Moon Bay (Akumal, Quintana Roo, MX - 77776)…

2Beds 2Baths $360,000USD

$360,000 USD
$7,322,400 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Akumal
Lot Size: 800 sq. mt.
Property ID: 552488860
Beds: 2
Baths: 2

Gorgeous beachfront condo for sale in Akumal

This is your chance to own a wonderful income producing vacation property in a quiet, unspoiled area in the Riviera Maya. This beautiful condo is located in a beachfront condominium complex called Playa Caribe on the shore of Half Moon Bay in Akumal. It is an easy walk to popular restaurants like La Buena Vida and La Lunita in this oceanfront village area. Akumal remains a protected haven for the gentle sea turtles that return every year to build their nests and lay their eggs. This attention to preservation and environmental concerns has limited the development in this tranquil beach community.

With a spacious open floor plan and huge windows, the calm turquoise waters of the Caribbean can be seen from almost every room. This sun-filled first floor condo has a nautical, beachy design theme throughout and is perfect for use as a vacation rental. The kitchen is well equipped with ample cabinet space and a wraparound breakfast bar with seating. The living-sitting area is adjacent to the kitchen with the dining area to the front. Sliding glass doors open out onto a large covered private patio with easy access to the pool area and the white sandy beach just beyond. The ocean view master bedroom has a king bed and a luxurious en suite bathroom with a sunken bathtub and colorful Mexican tile. The guest room has one double bed and one twin sofa bed and its own full en suite bathroom.

A few steps from your patio, there is a lovely free form pool with plenty of loungers to soak up the Caribbean sun and shady palapas when you need to beat the heat. Akumal boasts an easily accessible reef system full of vibrant living coral and teaming with sea life, and there are fantastic snorkeling and water activities just off shore. It’s like having your own private saltwater aquarium.

Playa Caribe is one of the premier oceanfront buildings on Half Moon Bay. It has an onsite rental pool that makes this an easy property to own. It also offers daily maid service, high-speed Internet access, pool towels at no extra charge, and parking spaces for each unit. Best of all, the building has a reverse osmosis water system that provides clean, fresh drinking water right from the tap.

This condo is being offered for sale fully furnished and equipped with central AC and appliances. Contact one of our friendly and knowledgeable agents today for more information.