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 | Casa Azul | House for sale in Akumal

Casa Azul

Rancho San Martin (Akumal, Quintana Roo, MX - 77780)…

3Beds 2Baths $317,995USD

$317,995 USD
$6,496,638 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: House
Status: For Sale
Property Status Re-sale
Location: Akumal
Property Size: 180 sq. mt.
Lot Size: 500 sq. mt.
Property ID: 546685830
Beds: 3
Baths: 2

Spacious jungle retreat for sale in Akumal

Casa Azul is a beautiful two-story family home for sale in the popular jungle community of Rancho San Martin in the heart of the Riviera Maya. This quiet neighborhood is just 1 kilometer (less than a mile) from the world-famous beach where you can snorkel with sea turtles. Located halfway between Playa del Carmen and Tulum and just over an hour drive from the airport, it is ideally situated to take advantage of all that this fast-growing tourist destination has to offer, while still feeling “away from it all.”

This bright and modern 3-bedroom, 2-bath home is perfect for vacation rentals or as your personal Caribbean getaway. It offers more than 1,900 sq. ft. of living space and gets tons of natural light. It has a spacious sun-filled living room, a separate dining area, and a fully equipped kitchen with an island, open cabinets, and traditional red tile flooring. The master bedroom has a huge walk-in closet and a luxurious master bath. The second floor opens out onto a partially covered rooftop terrace with a jacuzzi. This home has tile floors and brightly painted accent walls in several rooms. It is being offered for sale unfurnished but equipped with ceiling fans, air conditioning, and a home security system.

This beautiful home sits on a large jungle lot that is fully walled-in and gated, offering a wonderful sense of security and privacy for you and your guests. It has a covered patio with a hammock and an outdoor grill area, perfect for your al fresco cookouts. The landscaped grounds are well maintained with palm trees, tropical vegetation, and blooming trees that provide plenty of cool, shady areas.

Perfect for owners in search of the laid-back Caribbean lifestyle, this is a unique property in an idyllic part of the Riviera Maya coast. It offers exclusivity and privacy, but also easy access to fantastic beaches. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Alarm System
Ceiling Fan
Hot Tub

View

Jungle
Water View

Cooling

3+ Mini Splits

Lot Features

Garden Area
Landscaped
Patio

Appliances

Gas Range
Microwave
Oven Range
Refrigerator
Stove

Extra Features

Covered Patio
Fiber Optic Internet
Formal Dining
Jacuzzi
Kitchen Island
Roof Terrace
Tile Floor
TV Security
Walk-in Closets

Parking Spaces

Year Built

2013

Taxes

$4351.00 MXP

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Casa Azul | House for sale in Akumal

Casa Azul