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 Real Estate | Villa Luminosa | House for sale in Tankah

Villa Luminosa

Tankah Bay (Tulum, Quintana Roo, MX - 77760)…

4Beds 4Baths $1,629,000USD

$1,629,000 USD
$28,621,530 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Location: Tankah
Property Size: 465 sq. mt.
Lot Size: 500 sq. mt.
Property ID: 476238014
Beds: 4
Baths: 4

The ultimate tropical getaway!

This extraordinary villa combines the comforts of the indoors and the outdoors with breathtaking panoramic views from the rooftop patio, the beautiful walk-out pool deck, and several balconies overlooking Tankah Bay and spectacular sunsets over the bay in the evenings. This unique beachfront home is decorated in tropical contemporary motif. Perfect for use as a vacation home this 4-bedroom, 4-bathroom villa can easily accommodate up to ten guests. All bedrooms and living spaces view the beach and the tranquil turquoise Caribbean Sea.

The first level of the villa is an open lounge and bar area which opens out to the pool deck, the step down pool, and the beach and bay beyond. The multi-level deck, and swimming pool are surrounded by lush tropical palms and plants with steps that lead to the white sand beach. On the main level are also 2 large bedrooms with private bathrooms. Both bedrooms have sliding doors that open to the pool deck, and each bedroom has a king bed and a twin studio bed (couch or bed for third person).

The upper lever has breathtaking views of Tankah Bay over the palms trees. You will enjoy sunrises and sunsets from the expansive palapa-covered deck. The large centrally located great room offers a fully-equipped kitchen; eat at bar; dining area; conversation area; and office area. The focal point of the great room is a naturally sculptured jungle tree that extends from the floor, through the bar, to the ceiling. There are two large bedrooms, each with a king sized bed and private bath.

On the street level there is covered parking, lots of storage space, and there is also a small apartment where the house staff currently live.

The rooftop terrace wet bar, dining table, and comfortable lounges is perfect for sunning and enjoying the beauty of the sunrises and sunsets of the Mexican Riviera and magnificent stargazing.

This setting is idyllic, spacious and private. It is like finding your very own paradise lost with in an easy distance from services, restaurants and night life. Swim in the crystal clear waters of the Caribbean just steps from the door, take a stroll down the coral sand beach, or explore the incredible phenomena of the fresh water cenote, take a dip in the beach side pool, or just hang out in a hammock. Life doesn't get better than this!

The villa has been completely redecorated, refurnished, and several parts of the villa have been remodeled and updated. This villa also operates a strong and profitable vacation rental program!

Contact our agents today for more information about this gorgeous ocean front villa