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 | Santamar A | Condo for sale in Akumal

Santamar A

Punta Sur(Akumal, Quintana Roo, Mexico, 77760)…

2Beds 2Baths $359,000USD

$359,000 USD
$6,160,440 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Akumal
Property ID: 587359197
Beds: 2
Baths: 2

Gorgeous ocean view condo with resort-style amenities

This luxury vacation condo for sale at Santamar is located in the Punta Sur neighborhood in Akumal. This desirable resort-style complex is surrounded by mangroves and situated just a few steps from the natural beauty of the Caribbean coast. It is just minutes from Tulum Country Club and the PGA Riviera Maya Golf Club. The quiet seaside community of Akumal is located in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum, and just 50 miles (80 km) south of the airport.

This bright and spacious 2-bedroom, 2-bath condo has everything you could want in a vacation home or a year-round residence. It is located on the second floor and gets tons of Caribbean sunshine. It has a fully equipped kitchen with an island and premium appliances, a laundry room with a washer and dryer, and a sun-filled living room and dining area. The living room and primary bedroom share access to a wide covered balcony with views of the ocean and the national park. Plenty of kitchen storage space and closets in the bedrooms make this space comfortable for everyday living and a breeze for your vacation guests. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale fully furnished and equipped with ceiling fans and air conditioning.

A secure gated complex, Santamar offers resort-style amenities including two community pools, a fully equipped gym, a yoga studio, a walking trail, preferential beach club access, and discounted prices on golf and the TAO Wellness Center, an integral part of the community. It has a hotel-like lobby, elevator access, and parking. This area also offers reliable, high-speed internet access.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this condo 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.