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 Real Estate | Mayamar | House for sale in Playacar

Mayamar

Playacar Phase 2 (Playa del Carmen, Quintana Roo, MX - 77710)…

3Beds 3Baths $319,000USD

$319,000 USD
$6,427,850 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

Sale Pending

Property Description

Property Type: House
Status: Sale Pending
Location: Playacar
Property Size: 1,756 sq. ft.
Property ID: 422267586
Beds: 3
Baths: 3

Beautiful two-story villa for sale in Playacar

This gorgeous luxury home is located in Villas Mayamar, a lovely residential development in the exclusive gated golf course community of Playacar. With easy access to the gorgeous white sand beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This quiet area is within walking distance of 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 bright and spacious 3 bedroom villa is perfect for vacation rentals or as your own home in paradise. The main floor features a full kitchen with a pass-through breakfast bar, a dining area with seating for six, and a living room that opens out via sliding glass doors to a good-sized patio space, perfect for your al fresco cookouts. The master bedroom has a luxurious master bath with a Jacuzzi and a large covered balcony with pool and garden views. The home shines with premium appliances, tile floors and top-quality finishes. It comes equipped with all of the practical amenities that you would expect, including ceiling fans, air conditioning, a stackable washer and dryer, and storm shutters.

Villas Mayamar is a secure gated complex within Playacar Phase 2 with some of the most beautiful homes in the area. It offers exclusivity and privacy but also easy access to fantastic beaches. Owners and guests enjoy access to a communal pool, a palapa, and landscaped tropical gardens. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

Because of its desirable location inside of a secure and exclusive gated golf course community, yet just five minutes from Playa del Carmen’s world-famous 5th Avenue and just steps away from the beach, this home is a highly sought-after vacation rental property.

This beautiful home is being offered for sale fully furnished and ready for you to make it your own. Contact one of our friendly and knowledgeable agents today for more information.