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 | Arthouse | Condo for sale in Tulum

Arthouse

Aldea Zamá (Tulum, Quintana Roo, MX - 77780)…

4Beds 4.5Baths $1,299,000USD

$1,299,000 USD
$26,200,830 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Tulum
Property Size: 470 sq. mt.
Property ID: 490047621
Beds: 4
Baths: 4.5

Superb two-story condo with luxury amenities

BuyPlaya is pleased to present for sale this extraordinary condo at Arthouse in the exclusive master-planned Aldea Zama residential area of Tulum. The complex is surrounded by jungle and located just minutes from the bohemian chic town center of Tulum and the new beach road that leads straight to the hotel zone and the gorgeous white sand beaches. Nature lovers will adore the proximity to the ruins of Tulum, Coba and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

This professionally designed and furnished two-story condo has everything you could want in a vacation or retirement home. The main floor is expansive and luxurious with three bedrooms, a big living room with a bar and a table for 12 people, a laundry room and a fully equipped kitchen with a breakfast island and a Monogram refrigerator and freezer. It has a 40 ft. (12 m) skylight, incredible Lutron LED lighting, two big screen Smart TVs and beautiful corridors between the bedrooms. Upstairs, you’ll find a magnificent 1,420 sq. ft. (132 m2) master suite with its own private entrance. It has an office space, a huge walk-in closet, a secluded jungle view balcony and a luxurious master bath.

This gorgeous condo opens out onto a beautiful jungle garden terrace with a pool, sun loungers, an outdoor shower for two, an outdoor grill and an Italian pizza oven. The grounds are beautifully maintained with palm trees, topical vegetation and blooming trees. There is also a nice two-car garage.

A secure gated complex, Arthouse offers privacy to its privileged owners and guests. It has a communal pool area with sun loungers, a theater, a restaurant, a lounge bar, a spa, an art gallery and even a wine cellar. Residents and guests will also be able to enjoy preferential beach club access.

This incredible luxury condo 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.