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

Casa Rosa Akumal | House for sale in Akumal

Property Description

Property Type: House
Status: Sale Pending
Location: Akumal
Property Size: 6,500 sq. ft.
Lot Size: 1,200 sq. mt.
Property ID: 232053799
Beds: 6
Baths: 8

CASA ROSA - NEWLY REMODELED

Welcome to Casa Rosa, the best luxury home in North Akumal! This gorgeous property has a total of 6 bedrooms and 8 bathrooms! A total of 7,000SF in a private gated community. The main house has 5 bedrooms, 7 bathrooms and a stunning heated pool! Both master bedrooms in the home have breathtaking views of the sea. Every detail of this home was thought out to deliver a beautiful and comfortable living environment. The home has been maintained by a handyman and cleaning staff that go through the entire property 6 days a week. In addition to the main home, this property has a separate private apartment style master suite casita above the two car garage.

Most Notable Features:

Heated pool
High power AC in every room
Hurricane grade 5 soundproof windows and doors
Power Transistor (reduced electric bills by 60%)
Lock out closets for owner storage during rentals
Rental Income with 5 star ratings on the property
Bovida Brick ceilings throughout the bedrooms.
Large areas for entertaining
BBQ on rooftop deck with lounge seating
Marble & Rare Stone used throughout the home
Generator
Walk in access to the water with an outdoor shower
Paddle boards & Kayaks for water activities

A guided tour through the home:

First we have to start at the best part of the property! The pool and deck area in the back of the house with a magical view of the sea! If you’re lucky, you’ll see turtles coming up for air when you look out at the water!

When you walk in off the street you enter a large open courtyard with beautiful stone pavers in the ground and a large seating area for guests. At night the pavers have small firefly style lights in the grout between the rocks. The two car garage is on your left with stairs up to the casita just around the corner.

Entering the beautiful home through the front door, you have a direct line of sight to the sea, a large storage area for beach items and a second storage area for items you need less frequently. The first floor bedroom suite is very large, featuring a king size bed, TV, AC, and wonderful private bathroom. Continuing down the walkway, you enter the extra large living room, dining room and kitchen equip with two large AC units. This area is fit for entertaining large groups with a kitchen capable of handling the traffic. The details in the kitchen are stunning, the stone countertops, breakfast bar and beautiful cabinetry stand out to make a big first impression. Walking out the hurricane and sound proof doors, you have an out door dining table, lounge area, covered Palapa lounge and a dozen lounge chairs surrounding the pool.

Making your way up the marble staircase, you arrive on the first floor walkway with bedroom suits on your left and right. The bedroom on the right has a king size bed, TV, AC and an impressive bathroom. The bedroom on the left has the same features with two double beds. As you get to the end of the hallway you enter the most beautiful master suite in the home. With full 180 degree views of the sea, you have an epic view from the cali-king sized bed, the lounge couch, the shower, the freestanding Kohler soaking bathtub and the private patio! The Brazilian Blue Granite counters and custom mosaic walls are truly stunning. You also have a separate spiral staircase down to the pool from the private patio.

The second floor takes you to the second master suite, featuring a full size bar, poker table and large patio off the front of the room. With a hammock hooked up, there’s no better way to enjoy your accommodation at Casa Rosa.

The final flight of stairs takes you to the breathtaking rooftop with a full 360 degree view of North Akumal. A bathroom and BBQ are available for you in addition to two large lounges to take in some sun.

Walking down to the water couldn’t be easier, you have paths on the left and right side of the property that lead down to the sea. We have a beautiful sand box in front of the sea if you’d like to play some beach games. The outdoor shower helps everyone stay clean before coming back into the pool or main house.