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 de Piedra 1 bed | Condo for sale in Playacar

Casa de Piedra 1 bed

Playacar(Playa del Carmen, Quintana Roo, Mexico, 77710)…

1Beds 1Baths $277,357USD

$277,357 USD
$5,641,441 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Playacar
Property Size: 67-102m2
Property ID: 594260030
Beds: 1
Baths: 1

New Playacar condos with resort-style amenities

Casa de Piedra is a new luxury condominium project with 45 apartments and an unbeatable location inside the exclusive gated golf course community of Playacar in Playa del Carmen. With easy access to the gorgeous white sandy beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This quiet area is just minutes from world-famous 5th Avenue and close to all the goods and services of town, yet feels tucked away from it all, like a true beach retreat.

These beautiful new 1-, 2-, and 3-bedroom condos and penthouses are designed in a contemporary style and offer different layouts and options to suit your needs. All of the luxury residences feature a spacious open floor plan and get tons of natural light. They each have a fully equipped kitchen with parota wood cabinets and premium appliances, including a refrigerator, an induction stove, a conventional oven, a microwave, and a purifying hood. Some of the units have balconies and the penthouses have private rooftops with jacuzzis. These condos have marble floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with air conditioning.

This new project offers amenities such as two community pools, a children’s playground, paddle courts, a sports club bar, an executive library area, a lobby area, and a gym with a sauna, a jacuzzi, and a yoga and cardio area. The complex is safe and secure with controlled access and 24-hour security. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

These new luxury condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2025. Pre-construction prices are subject to availability and are time sensitive. For current pricing availability contact one of our friendly agents today.

Amenities

View

Downtown

Cooling

Mini Split

Lot Features

Bar
Common Pool
Gym
Jacuzzi
Jungle Gym
Paddle Tennis
Sauna
Yoga Area

Sewer & Water

Public

Appliances

Microwave
Oven Range
Refrigerator

Extra Features

Lobby
Pets Allowed

Parking Spaces

Year Built

2025

HOA Fees

Taxes

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Casa de Piedra 1 bed | Condo for sale in Playacar

Casa de Piedra 1 bed