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 | Marina del Rey | Condo for sale in Puerto Aventuras

Marina del Rey

Puerto Aventuras (Quintana Roo, Mexico, 77733)…

2Beds 2Baths $399,995USD

$399,995 USD
$7,783,903 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

Sold

Property Description

Property Type: Condo
Status: Sold
Property Status Re-sale
Location: Puerto Aventuras
Property Size: 152.39 M2
Lot Size: 600 M2
Property ID: 581911365
Beds: 2
Baths: 2

Gorgeous vacation condo for sale on the marina

This bright and airy waterfront condo overlooks the marina 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 beautiful vacation condo. 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.

Beautiful views of the marina with the tips of sailboat masts bobbing merrily in the distance fill this 2-bedroom condo, which gets great airflow and plenty of natural light. It features a spacious open floor plan with a fully equipped kitchen with an island and premium appliances, a sun-filled living room and dining area, a laundry room with a washer and dryer, and a half bath. The living room opens out onto a wide covered terrace that overlooks the marina. This is a lovely spot to enjoy coffee in the morning or an evening glass of wine. The bedrooms have walk-in closets, small terraces, and luxurious en-suite baths. This condo shines with tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale fully furnished and equipped with ceiling fans and air conditioning.

The Marina del Rey complex features a beautiful garden level community pool and sundeck that is ideal for entertaining on hot days or laid-back evenings. It is an easy walk into town for bars, restaurants, and other amenities, and an easy walk to the beach. Owners and guests also enjoy access to the Puerto Aventuras golf course, tennis courts, water activities, and beach club.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this condo 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
Window Covers

View

Water View

Cooling

3+ Mini Splits

Lot Features

Common Pool
Corner Lot
Deck
Garden Area
Landscaped
Swimming Pool
Trees / Shrubs

Sewer & Water

Cistern
Community
Public

Appliances

Gas Range
Hood Fan
Microwave
Refrigerator
Stove
Washer/Dryer Hookup

Extra Features

Balcony
Central Elevator
Common Pool
Corner Lot
Covered Patio
Furnished
Kitchen Island
Parking
Pets Allowed (for Owners Only)
Storm Shutters (Manual)
Terrace
Tile Floor
Walk-in Closets

Parking Spaces

Year Built

2000

HOA Fees

$375 USD/month

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Marina del Rey | Condo for sale in Puerto Aventuras

Marina del Rey