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 | Nah Uxibal | House for sale in Tulum

Nah Uxibal

Soliman Bay (Tulum, Quintana Roo, Mexico, 77780)…

8Beds 9Baths $3,500,000USD

$3,500,000 USD
$60,410,000 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

Sale Pending

Property Description

Property Type: House
Status: Sale Pending
Location: Tulum
Property Size: 520 M2
Lot Size: 5400 M2
Property ID: 580293515
Beds: 8
Baths: 9
Baths Comment: 8 full 1 half bath

Beach hotel and retreat center for sale on beautiful Soliman Bay

If you dream of running your own hospitality business, then this opportunity is for you. This spectacular oceanfront property is surrounded by the sparkling white sandy beaches and clear turquoise waters of Soliman Bay. This gorgeous stretch of Caribbean coastline is wildly popular with vacationers from around the world looking for a serene and secluded place to relax and get away from it all. There are a limited number of villas offering vacation rentals and they are usually booked well in advance.

The Soliman Bay community is semi-private and gated with just one row of villas along the shore. There are two beachfront restaurants nearby and many more excellent dining options can be found in nearby Tulum or Akumal. The bay offers fantastic snorkeling and is the perfect place to kayak and paddleboard. You can spend hours strolling the beach, sunbathing, or lounging in the shade of a palm tree or palapa. This quiet area is just 20 minutes from downtown Tulum and 90 minutes from the airport.

This huge beachfront complex is currently operating as a boutique hotel and retreat center. It has two studios with kitchenettes, four beach casitas, and one 2-bedroom villa with a mezzanine and a palapa roof. The studios and 2-bedroom villa are located in the main building and the beach casitas are housed in two 2-story buildings facing the ocean. This property sits on a secluded, palm-fringed beach that can only be accessed via a private road with security. It has an open-air reception area, a freeform pool, an outdoor grill area, a pool table, and parking. There is a seawall on the beach side and three beach concessions. It is being offered for sale fully furnished and ready for immediate rental income.

If you’re looking to expand into this rapidly growing tourist destination, you simply cannot find a more perfect location than the sandy shores of Soliman Bay. This property will easily generate enough rental income to provide a comfortable income, or you can build one palatial estate and create your own private beachfront compound. How you use it is only limited by your imagination.

To view this oceanfront property firsthand is a truly magical experience. It could be your dream investment come true, and you can bet it is not going to stay on the market for long. Contact one of our friendly and knowledgeable agents today for more information.