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 | Tres Lunas | Condo for sale in Playacar

Tres Lunas

Playacar Phase 2 (Playa del Carmen, Quintana Roo, MX - 77710)…

3Beds 2Baths $438,000USD

$438,000 USD
$8,948,340 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Playacar
Property Size: 187.87 sq. mt.
Property ID: 487326365
Beds: 3
Baths: 2

Superb Playacar condo with luxury amenities

This gorgeous condo is located on the second level of Tres Lunas, a private condominium development with just eight units in the exclusive gated golf course community of Playacar. With easy access to the gorgeous white-sand beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This quiet area is just minutes from Playa del Carmen’s 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.

This well-appointed 3-bedroom, 2-bath condo has everything you could want in a vacation or retirement home. It is expansive and luxurious with more than 2,000 sq. ft. of living space. It has a fully-equipped kitchen with a breakfast bar, a bright living and dining area and a covered balcony that overlooks the pool area. The master bedroom has a walk-in closet and a luxurious master bath with a double vanity and a hydromassage tub. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It comes equipped with all the practical amenities that you would expect, including ceiling fans, air conditioning, storm shutters and a laundry room with a washer and dryer.

Tres Lunas is a secure complex located next to the golf course in Playacar Phase 2. It is home to some of the most desirable condos in the area and offers exclusivity and privacy but also easy access to fantastic beaches. It has a beautiful pool area with palapas and landscaped tropical gardens. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

This condo being offered for sale unfurnished but all of the appliances are included. Contact one of our friendly and knowledgeable agents today for more information.