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 | Casa Santa Fe | House for sale in Playacar

Casa Santa Fe

Playacar Phase 2(Playa del Carmen, Quintana ROO, MX)…

4Beds 3.5Baths $365,000USD

$365,000 USD
$6,332,750 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: House
Status: For Sale
Location: Playacar
Property Size: 2017 sq feet
Property ID: 577628014
Beds: 4
Baths: 3.5
Baths Comment: 3 full 1 half bath

Beautiful 2-story villa for sale in Playacar

This gorgeous luxury home for sale at Villas Santa Fe is located just steps from the beach in the exclusive gated golf course community of Playacar in Playa del Carmen. Villas Santa Fe is a secure gated complex nestled within Playacar Phase II with some of the most beautiful homes in the area. It has exceptional amenities in an area that is quiet and peaceful. Located inside Playa del Carmen’s most exclusive gated beachfront community, it offers exclusivity and privacy but also easy access to fantastic beaches.

This recently renovated 4-bedroom, 3.5-bath villa has everything you could want in a vacation home or a year-round residence. It features a spacious open concept layout and gets tons of Caribbean sunshine. It has an updated modern kitchen with ample cabinet space and a reverse osmosis water filtration system connected to the fridge, guaranteeing access to clean and purified water. The living room opens out onto a covered patio with views of the pool and gardens. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. This villa shines with tile floors and top-quality finishes. It is being offered for sale partially furnished and equipped with ceiling fans and air conditioning.

You and your guests will love the beautiful community pool area with a palapa and landscaped tropical gardens. The complex is safe and secure with controlled access and 24-hour security. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

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.

Amenities

Interior features/finishes

Cathedral Ceiling
Ceiling Fan
Laundry Room

View

Forest
Golf Course
Water View

Cooling

3+ Mini Splits

Lot Features

Common Pool
Garden Area
Landscaped
Lawn

Sewer & Water

Public

Appliances

Refrigerator
Stove

Extra Features

Balcony
Covered Patio
Furnished
Pets Allowed
Reverse Osmosis
Security
Tile Floor
Water Softener

Parking Spaces

HOA Fees

$166 USD monthly

Taxes

$525 USD

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Casa Santa Fe | House for sale in Playacar

Casa Santa Fe