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 Mango | House for sale in Playa Del Carmen

Casa Mango

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

3Beds 3Baths $600,000USD

$600,000 USD
$12,204,000 MXP
Estimate only. Updated Daily.

Sarah Fouts

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Property Status Re-sale
Location: Playa Del Carmen
Property Size: 205 M2
Lot Size: 625.65 M2
Property ID: 589702992
Beds: 3
Baths: 3

Spacious Playa del Carmen house with guest casita

Casa Mango is a unique property with a great location on the jungle side of the highway in Playa del Carmen’s fast-growing Ejido neighborhood. This quiet area is just 10 minutes from the downtown area and all the excitement of world-famous 5th Avenue. You’re never far from sun-soaked beaches and world-class cuisine here. This world-famous tourist destination is recognized globally as having some of the most beautiful white sandy beaches and clear turquoise Caribbean waters in the world.

This huge, single-story property consists of a 1-bedroom, 2-bath main house and a detached 2-bedroom guest casita that is ideal for visitors, family, or for rent. The main house is bright and spacious with a fully equipped kitchen with premium appliances, a large living room, and a separate dining room that opens out onto the patio. The bedroom has a full en suite bath with a bathtub. The casita has a fully equipped kitchen and one full bath. There is also a laundry room, a storage bodega, and four parking spaces on the property. This home comes equipped with all the practical amenities that you would expect, including ceiling fans, air conditioning, and solar panels for green energy. It is being offered for sale fully furnished and ready to welcome you, your guests, or vacation renters visiting the Riviera Maya.

This property is fully walled-in and gated, offering a wonderful sense of security and privacy for you and your guests. It offers tons of outdoor living space, including a wide covered patio that wraps around the main house, a large backyard, a gravel patio fire pit area with a bar, and a huge rooftop. The grounds are well-maintained with palm trees and mango trees that provide plenty of cool, shady areas.

This particular property, given its location, has huge potential. How you use it is only limited by your imagination. Contact one of our friendly and knowledgeable agents today for more information.