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 | Valle Aurora PH | Condo for sale in Playa Del Carmen

Valle Aurora PH

Valle Aurora(Playa del Carmen, Quintana Roo, Mexico, 77713)…

3Beds 3Baths $320,000USD

$320,000 USD
$6,528,000 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Playa Del Carmen
Property Size: 159 M2
Property ID: 603723070
Beds: 3
Baths: 3

Beautiful Penthouse with Resort-Style Amenities

This stunning 2-story penthouse boasts 3 bedrooms, 3 baths, and a spacious open-concept layout with large windows that flood the interiors with Caribbean sunshine. It has a fully equipped kitchen and a bright living and dining area that opens out onto a private balcony with breathtaking views. It also features a private rooftop terrace with a plunge pool and a lock-off bedroom for additional occupancy and earning potential.

This huge resort-style complex is located on the jungle side of the highway, just 10 minutes from Playa del Carmen’s iconic 5th Avenue and close to all the goods and services of town. You’re never far from sun-soaked beaches and exceptional cuisine here. This world-famous tourist destination is celebrated for its stunning white sandy beaches and crystal-clear turquoise waters, attracting visitors from around the world.

Condo Features:

-Jungle View

-Balcony

-Roof Terrace

-Plunge Pool

-Furnished

-2 Parking Spaces

Shared Amenities:

-Clubhouse

-Swimming Pool

-Gym

-Spa

-Kid’s Club

-Tennis Court

-Paddle Court

-Commercial Space

-Lobby

-Controlled Access

-Security

Contact one of our friendly agents today to find out more.

Amenities

Interior features/finishes

Ceiling Fan
Hot Tub
Laundry Room
Sauna

View

Jungle

Cooling

Central Air

Lot Features

Clubhouse
Common Pool
Playground
Swimming Pool
Tennis Court
Trees / Shrubs

Sewer & Water

Public

Appliances

Dryer
Gas Range
Hood Fan
Refrigerator
Washer
Washer/Dryer Hookup

Extra Features

Front Desk
Furnished
Tile Floor

Parking Spaces

Year Built

2023

HOA Fees

$5492 MXN

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Valle Aurora PH | Condo for sale in Playa Del Carmen

Valle Aurora PH