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 Akumal South | House for sale in Akumal

Villa Akumal South

Akumal Sur (Akumal, Quintana Roo, MX)…

5Beds 4.5Baths $2,750,000USD

$2,750,000 USD
$47,712,500 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: House
Status: For Sale
Location: Akumal
Property Size: 6,000 sq. ft.
Lot Size: 6,445 sq. ft.
Property ID: 554974433
Beds: 5
Baths: 4.5

Gorgeous beachfront villa for sale in Akumal

This huge two-story oceanfront villa has one of the best beach locations in South Akumal. This tranquil seaside community is located just steps from the Caribbean Sea and a few minutes from the small town of Akumal. A favorite spot for 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, and a handful of cafes and restaurants with great food and live music.

This incredible 6,000-square-foot beachfront villa is expansive and luxurious with 5 bedrooms and 4.5 baths. The exterior of the villa is covered with hand cut Piedra Maya Vista stone and it has a smooth sloping walkway around the side of the property that can accommodate wheelchairs. The main floor has a fully equipped kitchen with premium appliances, a separate bar area, a spacious living and dining area, and two bedrooms that share a large bathroom. On the second level, you’ll find two private suites with king size beds, private ocean view balconies, and private en suite baths. This gorgeous villa features Terracotta tile floors accented with Mayan wood and a unique collection of Mexican art. There is also an exterior studio apartment on the property, ideal for visitors, family, or for rent.

You and your guests will love the large pool that is located directly in front of the white sandy beach. It has plenty of beach chairs and a private outdoor shower. Just steps away, you can lounge on the beach or head out snorkeling, kayaking or paddleboarding in the calm, clear waters of the bay. The landscaped grounds are beautifully maintained with palm trees, tropical vegetation, and blooming trees. There is also a large covered terrace with an outdoor grill, perfect for your al fresco cookouts.

South Akumal is located about halfway between Playa del Carmen and Tulum, and just one hour south of Cancun International Airport. This quiet neighborhood is safe and secure with gated entry and 24-hour security. It offers exclusivity and privacy in an idyllic part of the Riviera Maya coast.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this villa 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.