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 | Kaab South Beach Studio | Condo for sale in Playa Del Carmen

Kaab South Beach Studio

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

1Beds 1Baths $185,000USD

$185,000 USD
$3,677,800 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Playa Del Carmen
Property Size: 48.03 M2
Property ID: 603722970
Beds: 1
Beds Info: Studio
Baths: 1

Sun-filled studio condo for sale near the beach and 5th Avenue

This condo features an unbeatable location in the heart of downtown Playa del Carmen. The complex is close to the Paseo del Carmen outdoor shopping center, the Cozumel ferry terminal, and the exclusive gated golf course community of Playacar. It’s an easy walk to the white sandy beaches and all the excitement of world-famous 5th Avenue. This condo is just steps from shopping, dining, nightlife, and all the fun and sun that make Playa del Carmen a world-famous tourist destination.

This studio condo is perfect for vacation rentals or as your own home in paradise. It offers 517 sq. ft. of living space and comes furnished with a bed and a hide-a-bed couch, so it can comfortably sleep four. This unit has an equipped kitchenette with a mini fridge, a microwave, and a cook-top. It opens out onto a double-size balcony with garden views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It features a walk-in closet and comes equipped with a safe, a flat-screen TV, and air conditioning. It is being offered for sale fully furnished and ready to move in or rent out.

You and your guests will love the incredible ocean view rooftop with a pool, a hot tub, and a lounge area. The condo building is safe and secure with controlled access and security cameras. It has a hotel-like lobby, an elevator, and a gym. This area also offers reliable, high-speed internet access.

This condo is perfect for someone who wants an affordable apartment or a profitable vacation rental close to the beach. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Window Covers

Cooling

Mini Split

Lot Features

Common Pool
Elevator
Jacuzzi
Rooftop

Sewer & Water

Community

Appliances

Electric Stove
Microwave
Refrigerator
Washer/Dryer Hookup

Extra Features

Balcony
Common Pool
Elevator
Front Desk
Furnished
Garage Door Opener
Parking
Pets Allowed
Security
Tile Floor
Walk-in Closets

Parking Spaces

HOA Fees

$150 USD monthly

Taxes

$442

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Kaab South Beach Studio | Condo for sale in Playa Del Carmen

Kaab South Beach Studio