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 | Tao Ocean Home | House for sale in Akumal

Tao Ocean Home

Jade Bay (Akumal, Quintana Roo, Mexico, 77776)…

3Beds 3Baths $399,000USD

$399,000 USD
$6,846,840 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

Sale Pending

Property Description

Property Type: House
Status: Sale Pending
Location: Akumal
Property Size: 245m2 (interior 162m2, terraces 82m2)
Property ID: 587911948
Beds: 3
Baths: 3

Gorgeous beachfront home with resort-style amenities

This freestanding townhouse for sale at Tao Ocean in Akumal features an unbeatable beachfront location just one mile south of Akumal Bay. Located in an idyllic part of the Riviera Maya coast, the complex is surrounded by the sparkling white sandy beaches and clear turquoise Caribbean waters of Jade Bay. A favorite spot for snorkelers, Akumal boasts an easily accessible reef system full of vibrant living coral and teaming with sea life. This quiet seaside community is nestled in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum, and just over an hour's drive from the airport.

This bright and modern 3-bedroom, 3-bath townhouse is perfect for vacation rentals or as your own home in paradise. It features a spacious open floor plan and gets tons of Caribbean sunshine. The main floor opens out onto a private patio surrounded by palm trees and lush tropical vegetation. This 2-story residence has one bedroom on the main floor and two upstairs bedrooms, one of which has two closets, an en suite bath with a double vanity, and a private terrace. It also features a sunny rooftop terrace with panoramic ocean and jungle views. This is a lovely spot to bask in the sun or dine al fresco under the stars. This townhouse has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

You and your guests will have access to the beach through the Jungle Fish beach club, where owners enjoy a private section of sun loungers by the pool and discounted prices at the restaurant and bar. It’s an easy walk along the beach to Akumal Bay with all of its amenities, including two dive centers, a spa, a small grocery store, and a handful of cafes and restaurants with great food and live music.

This home is perfect for people who want a Caribbean getaway for vacations or a profitable vacation rental. Contact one of our friendly and knowledgeable agents today for more information.