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 Real Estate | La Sirena | Condo for sale in Akumal

La Sirena

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

3Beds 3.5Baths $499,995USD

$499,995 USD
$9,669,903 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

Sold

Property Description

Property Type: Condo
Status: Sold
Location: Akumal
Property Size: 243.90 sq. mt.
Property ID: 506287123
Beds: 3
Baths: 3.5

Gorgeous beachfront double condo for sale in Akumal

This luxury oceanfront double condo is located in a popular beachfront building on Half Moon Bay in the quiet community of North Akumal. It is just steps from the beach and a few minutes away from the beautiful Yalku 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.

This super spacious condo was originally two units which have been converted into one. It offers more than 2,400 sq. ft. of living space and enjoys great airflow from the sea breeze and plenty of natural light. It has 3 bedrooms, each with an ensuite bath, as well as an additional half bath right by the dining room and large covered terraces in the front and back of the unit that look out over the beach, sea, pool and garden. There is even a sunroom for appreciating the remarkable seaside in any weather. This condo has carved wood bed frames and cabinets, decorative tile work in the kitchen and bathrooms, and a bar next to the living room. It is being offered for sale fully furnished and ready for you to make it your own.

The complex has a large beachfront with gorgeous views of the bay. The shady, landscaped courtyard features a community pool that is ideal for entertaining on hot days or laid-back evenings.

Akumal is nestled in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum and just over an hour drive from Cancun International Airport. Enjoy all the Riviera Maya has to offer; just a short drive to either Tulum, famous for its miles of pristine white sand beach next to the ancient Mayan ruins, or the bustling seaside world class tourist destination of Playa del Carmen, well-known for fantastic shopping, international cuisine and exciting nightlife.

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 as a vacation rental. Contact one of our friendly and knowledgeable agents today for more information.