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 | Santamar | Condo for sale in Akumal

Santamar

Punta Sur (Akumal, Quintana Roo, MX - 77776)…

2Beds 2Baths $299,000USD

$299,000 USD
$6,081,660 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
Property Size: 79.83 sq. mt.
Property ID: 549068868
Beds: 2
Baths: 2

Gorgeous beachfront condo with resort-style amenities

This beautiful vacation condo for sale at Santamar sits on a quiet street in the Punta Sur neighborhood in Akumal. This desirable residential resort community is surrounded by jungle and located just steps from the natural beauty of the Caribbean coast. It is just minutes from Tulum Country Club and the PGA Riviera Maya golf club. Akumal is situated in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum, and just 50 miles (80 km) south of Cancun International Airport.

This bright and modern 2-bedroom, 2-bath condo has everything you could want in a vacation home or a year-round residence. It features a fully equipped kitchen with an island and premium appliances, a sun-filled living and dining area, and a laundry room with a washer and dryer. The living room opens out onto a covered balcony with ocean and jungle views. This is a lovely spot to enjoy coffee in the morning or an evening glass of wine. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It comes fully furnished and move-in ready with ceiling fans, air conditioning, a Sony Smart TV, a Roku streaming device, electronic locks, and a reverse osmosis water purifier.

This resort-style complex offers exclusive amenities, including two community pools, a fully equipped gym, a yoga studio, a walking trail, a new private beach club within a couple of mins walk the condo, and discounted prices on golf and the TAO Wellness Center, an integral part of the community. Residents and guests also share access to the incredible ocean view rooftop with an infinity pool and lounge area. The condo building is safe and secure with an elevator, and parking. This area also offers reliable, high-speed internet access.

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.