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 | Zoi Menesse Studio | Condo for sale in Playa Del Carmen

Zoi Menesse Studio

Centro (Playa del Carmen, Quintana Roo, Mexico, 77713)…

1Beds 1Baths $195,000USD

$195,000 USD
$3,978,000 MXP
Estimate only. Updated Daily.

Kelly Maier

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Playa Del Carmen
Property Size: 37-50 M2
Property ID: 603723050
Beds: 1
Beds Info: Studio
Baths: 1

New condos for sale near the beach and 5th Avenue

Zoi Menesse is an exciting new condominium project with 52 units in downtown Playa del Carmen. This new development is close to the Paseo del Carmen outdoor shopping center, the Cozumel ferry terminal, and the exclusive gated golf course community of Playacar. It is a short walk to the white sandy beaches and all the excitement of world-famous 5th Avenue. This area is just minutes from shopping, dining, nightlife, and all the fun and sun that make Playa del Carmen a world-famous tourist destination.

These new studios and 1-bedroom condos and penthouses are perfect for vacation rentals or as your own home in paradise. They feature an equipped kitchen, a living room, a bedroom area, and a private terrace. The exclusive penthouse units also have a private rooftop with a plunge pool and an outdoor grill area. This is a lovely spot to bask in the sun or dine al fresco under the stars. These condos have marble floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale fully furnished and equipped with ceiling fans, air conditioning, and smart room systems.

You and your guests will love the incredible ocean view rooftop with an infinity pool, a terrace, and a bar and grill. At night, you can take in all the stars or even the twinkling lights from Cozumel. The condo building is safe and secure with controlled access and 24-hour security. It has a gym, a spa, a hotel-like lobby, and underground parking. This area also offers reliable, high-speed internet access.

These condos offer excellent amenities and a fantastic location at a good price. Delivery is scheduled for 2027. Pre-construction prices are subject to availability and are time sensitive. For current pricing availability contact one of our friendly agents today.

Amenities

Interior features/finishes

Ceiling Fan

View

Downtown

Cooling

Mini Split

Lot Features

Common Pool
Garage

Sewer & Water

Public

Appliances

Refrigerator

Extra Features

Balcony
Furnished
Marble floors
Pets Allowed (for Owners Only)
Roof Terrace

Year Built

2027

HOA Fees

Taxes

.19% of every $100,000 USD

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Zoi Menesse Studio | Condo for sale in Playa Del Carmen

Zoi Menesse Studio