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 | Villa Elise | House for sale in Tulum

Villa Elise

Riviera Tulum(Tulum, Quintana Roo, Mexico, 77760)…

3Beds 3.5Baths $690,000USD

$690,000 USD
$13,786,200 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Property Status Re-sale
Location: Tulum
Property Size: 260 M2
Lot Size: 207 M2
Property ID: 603722981
Beds: 3
Baths: 3.5

Gorgeous luxury villa with private pool and garden

This spectacular 2-story luxury villa is located on a quiet street in the fast-growing Riviera Tulum Residencial gated community in Tulum. The Riviera Tulum complex is situated 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 sandy 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 sun-filled 3-bedroom, 3.5-bath home is expansive and luxurious with high ceilings, large sliding doors, and exposed stone accent walls. It has a fully equipped kitchen with a breakfast bar and premium appliances, a TV area, an office, and an indoor atrium. This villa has multiple terraces, including a rooftop terrace with a hot tub, as well as a big backyard patio with a freeform pool, an outdoor dining area, and beautifully landscaped tropical gardens. The primary bedroom features a luxurious en suite bath with a double vanity, a walk-in shower, and a separate soaking tub. This home shines with high-end flooring and finishes. It is being offered for sale fully furnished and equipped with all the practical amenities that you would expect, including ceiling fans and air conditioning.

This desirable gated community has wide roads, bike paths, areas to exercise, a playground, parks, and green areas. Owners and guests can also enjoy access to a communal pool area with a sundeck and an outdoor grill. The complex is safe and quiet with controlled access and 24-hour security.

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.