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 | Itza | Condo for sale in Tulum

Itza

Aldea Zamá (Tulum, Quintana Roo, MX, 77760)…

3Beds 3Baths $425,000USD

$425,000 USD
$7,246,250 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 256.7 m2
Property ID: 551032432
Beds: 3
Baths: 3

Gorgeous penthouse with private rooftop terrace

This superb 2-story penthouse for sale at Itza is found in the gated community of Aldea Maya, inside the exclusive master-planned Aldea Zama residential area of Tulum. The complex is surrounded by jungle and located just minutes from the 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 luxurious 3-bedroom, 3-bath penthouse condo has everything you could want in a vacation home or a year-round residence. It features a spacious open-plan layout with floor-to-ceiling windows that let in tons of natural light. It has a fully equipped peninsula kitchen with premium appliances, a spacious living and dining area, a laundry room, and multiple balconies. The master bedroom has a walk-in closet and a luxurious master bath. It opens out onto a private rooftop terrace with a plunge pool, perfect for relaxing on hot days or laid-back evenings. This penthouse has marble floors and top-quality finishes that are durable and easy to maintain. It comes fully furnished and ready for you to make it your own.

A secure gated complex, Itza Tulum offers privacy to its privileged owners and guests. It has two pools, a lounge area, hammocks, beach beds, a yoga area, elevator access, and parking. It also offers exclusive services within Aldea Maya, such as access to the holistic center and landscaped common areas.

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 for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Features

Pool

Interior features/finishes

Hot Tub
Laundry Room
Window Covers

View

Jungle

Cooling

3+ Mini Splits

Lot Features

Deck
Garden Area
Landscaped
Patio
Swimming Pool
Trees / Shrubs

Sewer & Water

Public
Well

Appliances

Dishwasher
Oven Range
Refrigerator
Stove
Washer/Dryer Hookup

Extra Features

Balcony
Cable Available
Covered Parking
Formal Dining
Front Desk
Furnished
Pets Allowed
Porch
Reserved Parking
Roof Terrace
Security
Updated
Walk-in Closets

Parking Spaces

Year Built

2022

HOA Fees

6500 MXN monthly

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Itza | Condo for sale in Tulum

Itza