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 Alamo | House for sale in Akumal

Casa Alamo

San Martin (Akumal, Quintana Roo, MX, 77776)…

2Beds 2Baths $334,000USD

$334,000 USD
$5,694,700 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: 168 M2
Lot Size: 920 M2
Property ID: 553138363
Beds: 2
Baths: 2

Quiet jungle retreat for sale in Akumal

This home sits on just under a quarter-acre of land in the jungle community of Rancho San Martin in Akumal. It is located on a quiet cul-de-sac inside a small gated community. This area is surrounded by tropical jungle and just minutes from the Sirenis hotels. It is located about halfway between Playa del Carmen and Tulum and just over an hour from the airport. It is ideally situated to take advantage of all that this fast-growing tourist destination has to offer, while still feeling “away from it all.”

This bright and spacious single-story home has two bedrooms and offers more than 1,800 sq. ft. of living space. It features an open floor plan with large windows and a skylight that lets in tons of Caribbean sunshine. It has a nice kitchen with a breakfast bar, a large living room, a separate dining area, and an office nook off the back bedroom. It also has a laundry room with a sink and space for a washer and dryer. The master bedroom has ample closet space and a luxurious master bath with an open shelf double vanity and a walk-in shower. This home has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale unfurnished but equipped with air conditioning.

This home sits on a huge jungle lot with palm trees, tropical vegetation, and blooming trees that provide plenty of cool, shady areas. It has a covered patio with ceiling fans and a staircase that leads up to the rooftop. This is a lovely spot to bask in the sun or enjoy an evening glass of wine under the starry night sky. There is also an outdoor grill area on the property, perfect for your al fresco cookouts.

Perfect for owners in search of the laid-back Caribbean lifestyle, this is a beautiful property in an idyllic part of the Riviera Maya coast. It offers exclusivity and privacy, but also easy access to fantastic beaches. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Laundry Room
Skylights

View

Jungle

Cooling

3+ Mini Splits

Lot Features

Cul-de-sac
Garage
Garden Area
Lawn

Sewer & Water

Private Septic
Well

Appliances

Outdoor Grill
Refrigerator
Stove

Extra Features

Pets Allowed
Wetland

Parking Spaces

Year Built

2014

Taxes

$1788

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Casa Alamo | House for sale in Akumal

Casa Alamo