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 | Punta Roca 2 bed | Condo for sale in Puerto Aventuras

Punta Roca 2 bed

Puerto Aventuras (Quintana Roo, Mexico, 77733)…

2Beds 2.5Baths $700,000USD

$700,000 USD
$14,238,000 MXP
Estimate only. Updated Daily.

Marieke Brown

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Sale Pending

Property Description

Property Type: Condo
Status: Sale Pending
Property Status Re-sale
Location: Puerto Aventuras
Property Size: 228.68 M2
Property ID: 596759034
Beds: 2
Baths: 2.5

Gorgeous beachfront condo with panoramic ocean views

This sun-filled ocean view condo is located in a popular beachfront building in the quiet community of Puerto Aventuras in the heart of the Riviera Maya. Enjoy golf, tennis, sailing, yoga, snorkeling, and scuba diving, as well as access to world-class deep-sea fishing and water sports, all just steps from your door in this beautiful vacation home. Puerto Aventuras is very much a community for couples or families—most of the restaurants close at 10pm and there are strict noise ordinances after 11pm.

This spectacular 2-bedroom, 2.5-bath condo has everything you could want in a vacation or retirement home. It features a spacious open floor plan and gets tons of Caribbean sunshine. It has a fully equipped kitchen with a breakfast bar and a bright living room and dining area. It opens out onto a huge private terrace with panoramic ocean views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. The bedrooms have walk-in closets and luxurious ensuite baths. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale unfurnished but equipped with ceiling fans, air conditioning, and a washer and dryer.

You and your guests will enjoy access to a huge resort-style seaside pool with sun loungers, palm trees, and palapas. The complex is safe and secure with controlled access and 24-hour security. It has parking and on-site property management. 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.

Amenities

Interior features/finishes

Ceiling Fan

View

Beachfront
Ocean Front

Cooling

Central Air

Lot Features

Deck
Landscaped
Swimming Pool

Appliances

Dishwasher
Oven
Refrigerator
Washer/Dryer Hookup

Extra Features

Balcony
Pets Allowed
Pool Heater
Storm Shutters (Manual)
Walk-in Closets

Parking Spaces

Year Built

2010

HOA Fees

$10,400 MXN

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Punta Roca 2 bed | Condo for sale in Puerto Aventuras

Punta Roca 2 bed