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 | Menesse on the Beach | Condo for sale in Playa Del Carmen

Menesse on the Beach

Coco Beach (Playa del Carmen, Quintana Roo, MX - 77710)…

2Beds 2Baths $389,000USD

$389,000 USD
$6,725,810 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 110 sq. mt.
Property ID: 391053813
Beds: 2
Baths: 2

Incredible condo with Caribbean and city views

This luxury condo features an unbeatable location just two blocks from the beach in Playa del Carmen’s popular Coco Beach neighborhood, just north of downtown. With easy access to the gorgeous white sand beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This is one of the city’s fastest growing neighborhoods and attracts a steady stream of vacation renters, ensuring a healthy return on your investment for many years to come.

Spend countless hours on the beach, lounging in the sun, swimming or paddle boarding. This quiet area of Playa del Carmen is close to all the goods and services of town, yet feels tucked away from it all, like a true beach retreat. Many of the city's best restaurants, beach clubs and the Cozumel ferry are all just a short walk away. In the evenings, Playa del Carmen’s famous 5th Avenue is the place to go for shopping, people watching and savoring all the culinary delights that this diverse region has to offer.

This beautiful 2 bedroom 2 bath condo at Menesse on the Beach is being offered for sale fully furnished and ready for you to make it your own. It has a full kitchen with a breakfast bar, a spacious living area, and large floor-to-ceiling windows that let in plenty of natural light. The floor plan is open with the living and dining areas opening out onto a private balcony, perfect for your morning coffee and breakfast or for enjoying an evening glass of wine. The condo has marble floors and top-quality finishes that are durable and easy to maintain. It comes equipped with ceiling fans, air conditioning and a stackable washer and dryer.

Menesse on the Beach boasts an incredible rooftop pool and lounge area with spectacular Caribbean and city views. At night, you can take in all the stars or even the twinkling lights from Cozumel. The condo building is safe and secure with gated entry, a hotel-like lobby and 24-hour security.

4th floor spacious condo (105 m2) with two bedrooms, two bathrooms, two large balconies and partial ocean view.
Roof top with swimming pool, jacuzzi, lounge and sunbathing area offering a fantastic ocean view.
Steps (100 meters) from famous Coco Beach, 5th Avenue and 38th street.
Corner unit with large floor-to-ceiling windows that let in plenty of natural light and that allow fresh breeze to flow throughout.
Open concept space that combines the living room and kitchen areas opening out onto one of the two private balconies.
Equipped with ceiling fans, air conditioning, stackable washer and dryer and a dish washer.
Full marble floor covering
Low HOA (200 USD, 3921 MX)
Quiet condo building with elevator, security 24/7, underground parking and storage facilities.
Cozy neighborhood characterized by various services (restaurants, cafes, gyms, spas, and many shops),
High quality of construction and finishing from best developers in Playa

Whether you’re searching for a vacation home or a permanent residence, this condo will bring many years of personal enjoyment while providing an excellent income if used as a vacation rental. Contact one of our friendly and knowledgeable agents today for more information.