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 95 | House for sale in Puerto Aventuras

Casa 95

Puerto Aventuras(Puerto Aventuras, Quintana Roo, Mexico)…

4Beds 4Baths $495,000USD

$495,000 USD
$10,098,000 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: House
Status: For Sale
Property Status Re-sale
Location: Puerto Aventuras
Property Size: 220 M2
Lot Size: 480 M2
Property ID: 589717876
Beds: 4
Baths: 4

Spacious two-story villa for sale in the marina

This private two-story home is located in a peaceful area next to the golf course in the exclusive gated residential resort community of Puerto Aventuras. Enjoy golf, tennis, sailing, yoga, snorkeling, and scuba diving, as well as access to world-class deep-sea fishing and water sports, all just steps from your door in this incredible vacation home. Puerto Aventuras is very much a community for couples or families—most of the restaurants close at 10pm and there are strict noise ordinances after 11pm.

This sun-filled Caribbean villa is spacious and well-constructed with four bedrooms and four baths. It features a naturally lit open floor plan with a sunken living room, an open staircase, and windows on all sides. The kitchen has a gas stove and plenty of cabinet space for all of your storage needs. There is one bedroom, one full bath, and a laundry room on the main floor. The upstairs bedrooms all have space to install closets and full en suite baths. The upstairs hallway and primary bedroom share access to a wide covered balcony overlooking the backyard. This home has tile floors and screens on the windows. It is being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

This home has a covered patio and a huge backyard garden area that is well-maintained with palm trees, tropical vegetation, and blooming trees that provide plenty of cool, shady areas. The property is fully fenced-in, offering a wonderful sense of security and privacy for you and your guests.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this home will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Ceiling Fan
Laundry Room

View

Golf Course

Cooling

3+ Window / Wall Unit

Lot Features

Garage
Garden Area
Patio
Trees / Shrubs

Sewer & Water

Cistern
Septic

Appliances

Gas Range

Extra Features

Balcony

Parking Spaces

Year Built

2017

HOA Fees

$980 MXN

Taxes

$4000 MXN

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Casa 95 | House for sale in Puerto Aventuras

Casa 95