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 | Lol Kanaab PH | Condo for sale in Akumal

Lol Kanaab PH

Akumal Norte (Akumal, Quintana Roo, MX - 77738)…

2Beds 2.5Baths $450,000USD

$450,000 USD
$7,672,500 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Akumal
Property ID: 416783208
Beds: 2
Baths: 2.5

Gorgeous beachfront penthouse for sale in Akumal

This ocean view penthouse is located in a popular beachfront building on Half Moon Bay in the quiet community of North Akumal. It is just steps from the beach and a few minutes away from the beautiful Yalku Lagoon. A favorite spot of snorkelers, Akumal boasts an easily accessible reef system full of vibrant living coral and teaming with sea life. This tiny seaside village supports a full service dive shop, a small grocery store, a handful of cafes and restaurants, several boutiques, and even a lovely art gallery.

This luxurious 2 bedroom penthouse condo is being offered for sale fully furnished and ready for you to make it your own. It features a spacious open floor plan with a bright living area and a fully equipped kitchen with a pass-through window and premium appliances, including a full-size electric stove and oven. Next to the kitchen, you’ll find a separate laundry room with a full-size washer and dryer. Plenty of kitchen storage space and built in closets in the bedrooms make this condo comfortable for everyday living and a breeze for your vacation guests. It comes equipped with all the practical amenities that you would expect, including ceiling fans, air conditioning, a satellite antenna, and a water filtration system.

This penthouse unit offers expansive ocean views from the living room and kitchen areas and a large covered terrace complete with hammock to relax in after a fun day snorkeling the reef directly in front of the condo or kayaking in the bay. A few steps from your door, there is a lovely pool with plenty of loungers to soak up the Caribbean sun and shady palapas when you need to beat the heat.

Akumal is nestled in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum and just over an hour drive from Cancun International Airport. Enjoy all the Riviera Maya has to offer; just a short drive to either Tulum, famous for its miles of pristine white sand beach next to the ancient Mayan ruins, or the bustling seaside world class tourist destination of Playa del Carmen, well-known for fantastic shopping, international cuisine and exciting nightlife.

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