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 Pavone | House for sale in Playacar

Casa Pavone

Playacar Phase 1 (Playa del Carmen, Quintana Roo, MX - 77710)…

5Beds 4.5Baths $1,100,000USD

$1,100,000 USD
$22,374,000 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: House
Status: For Sale
Property Status Re-sale
Location: Playacar
Property Size: 325 sq. mt.
Property ID: 533323574
Beds: 5
Baths: 4.5

Beautifully appointed Playacar home for sale

This splendid three-story home sits on a quiet street inside the exclusive gated golf course community of Playacar on the south end of Playa del Carmen. With easy access to the gorgeous white sandy beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This highly desirable area is just a short distance from Playa del Carmen’s world-famous 5th Avenue and close to all the goods and services of town, yet feels tucked away from it all, like a true beach retreat.

This spectacular Caribbean villa is expansive and luxurious with recessed light fixtures, a single exposed ceiling beam, and an architecturally unique wall of glass panels built around an imposing ceiba tree. The main floor of this sun-filled home features a spacious open concept layout with a fully equipped kitchen with an island, a living room, a dining area, a half bath, and one bedroom. There are three bedrooms on the second floor, each with built-in closets and private baths. The front bedroom on this floor opens out onto a large covered terrace with street views. The owner’s suite on the top floor has a separate sitting area, a built-in closet, and an en suite bath. This home shines with dark red tile floors and fine finishes throughout. It is being offered for sale fully furnished and ready for you to make it your own.

You'll love the private terrace off the owner’s suite with a plunge pool and sunbathing area. From here, a spiral staircase leads up to a huge rooftop terrace with an outdoor kitchen area, sun loungers, and panoramic ocean views. This is a lovely spot to bask in the sun or dine al fresco under the stars. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this villa 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.