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

Marina Turquesa | Condo for sale in Puerto Aventuras

Property Description

Property Type: Condo
Status: Sold
Location: Puerto Aventuras
Property Size: 1,600 sq. ft.
Property ID: 548999019
Beds: 2
Baths: 2

This beautiful 2 bedroom, 2 bath condominium is situated on the premier waterway into Puerto Aventuras, overlooking a yacht-filled marina which leads out to the Caribbean Sea. This cheerful, bright second level condominium is the last condo that the developer is in the final stages of finishing. This condo comes with a 12 month builders warranty, and the finished condo will have AC units and ceiling fans in bedrooms and living area, a stove and oven, kitchen and bathroom sinks, faucets, and drains, choice of concrete or glass block surround in the guest bathroom shower, and wall lighting where the preparations are ready for them. There is also the option to put a door from the guest bedroom to the guest bathroom and the developer can arrange for that to be installed upon request.

The sliding doors lead out to two private spacious balconies the overlook the picturesque common pool area, with plenty of room for dining al fresco and taking in views of the marina. The large beautiful pool make this a very special place to relax and enjoy family time outdoors.

Marina Turquesa is situated in the charming village of Puerto Aventuras, a gated resort community which offers something for every age and interest. Enjoy golf, tennis, sailing, yoga, snorkeling and scuba diving, as well as access to world-class deep-sea fishing and any other water sport you can imagine, all just steps from your door in this idylic seaside vacation home.

Puerto Aventuras mingles tropical gardens, pristine white sandy beaches and crystal-clear water...all the treasures of the Mexican Caribbean…with the casual sophistication of a world-class resort and marina community. In Puerto Aventuras’ sheltered cove, the water is calm, perfect for kayaking or paddle boarding, and there is ample space for building sand castles or playing paddle board games in the sand. Puerto Aventuras is very much a community for couples or families. While there are several restaurants with live music, karaoke or other entertainment, most of the restaurants close at 10:00 pm and there are strict noise ordinances after 11:00pm.

From Marina Turquesa, you can walk right around the corner to the nine-hole golf course located right inside this resort community or visit one of the many world-class golf courses located within a short distance of Puerto Aventuras. Marina Turquesa is located a short walk from the Omni Hotel. Their swim up pool bar and restaurant are open to the public and membership to the gym is available. Puerto Aventuras holds practically endless opportunities for the serious adventurer. Anglers can choose from deep sea fishing in the Mexican Caribbean or fly fishing in the Sian Ka'an, with day trips to the Bay of Ascension for Bone and Permit fishing. Dive trips leave the marina daily to take residents and guests scuba diving through the Riviera Maya’s legendary network of sacred cenotes and caves or out to explore the Mesoamerican reef between Puerto Aventuras and the beautiful island of Cozumel. There are also several sailing charters that go out from the marina and provide lunch and snorkel gear.

Puerto Aventuras is ideally located in the heart of the Riviera Maya. Playa del Carmen is a quick drive north, perfect for a day of shopping, sight seeing and relaxing at one of the many beach clubs in this exciting seaside city. The charming island of Cozumel is a short ferry ride across from Playa del Carmen and offers the very best snorkeling in the region. Visit Akumal and swim with the turtles. Head further south to Tulum to explore the majestic ruins overlooking the sea and stroll the famous beaches that draw celebrities and discerning travelers from across the globe. Easy overnight trips from the condominium could include excursions to Isla Mujeres, Holbox, Valladolid, Chichen Itza and Merida.