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 | The Peninsula 3 Bedrooms | Condo for sale in Bahía Principe

The Peninsula 3 Bedrooms

Tulum Country Club (Akumal, Quintana Roo, MX - 77737)…

3Beds 2.5Baths $376,264USD

$376,264 USD
$7,687,074 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status
Location: Bahía Principe
Property Size: 159.62 - 275.68 sq. mt.
Lot Size: 1,222 sq. mt.
Property ID: 491332163
Beds: 3
Baths: 2.5
Baths Comment: 3.5 Baths also Available

New condos with resort-style amenities

These new luxury condos for sale at The Peninsula offer inviting indoor-outdoor spaces and the perks of living in a resort community. Nestled in a 717-acre residential golf resort, the property is surrounded by world-class golfing and just minutes from the natural beauty of the Caribbean coast. Tulum Country Club (formerly Bahia Principe) 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.

These new 2- and 3-bedroom condos and penthouses have everything you could want in a vacation or retirement home. They feature a spacious open layout with large floor-to-ceiling windows and grand terraces with tempered glass railings. They have a modern Italian kitchen and a light-filled living and dining area. The master bedroom has an ample walk-in closet and a luxurious en suite bath with oversized integrated rain showers, well-appointed mirrors and top-quality finishes. The penthouse units have a private rooftop terrace with a plunge pool or a Jacuzzi. These condos are being offered for sale unfurnished but equipped with central air and hurricane-resistant windows.

This beautiful new residential development features two pools with sun loungers, an interactive fitness studio with Peloton cycles and treadmills and a golf cart charging station. It overlooks the 14th fairway of the championship golf course and is surrounded by gardens of jasmine and citrus trees. The complex has gated entry and 24-hour security, so you can always feel safe and relaxed.

Owners and guests will also be able to enjoy all the benefits of life in Tulum Country Club including access to the world-class 27-hole golf course designed by Robert Trent Jones II, a community pool, a clubhouse, tennis and basketball courts, restaurants and bars, and two fabulous beach clubs.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, these condos 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.