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 Real Estate | Casa Estrellas | House for sale in Bahía Principe

Casa Estrellas

Tulum Country Club (Akumal, Quintana Roo, MX - 77737)…

3Beds 3Baths $499,500USD

$499,500 USD
$9,070,920 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: House
Status: For Sale
Location: Bahía Principe
Property ID: 537689981
Beds: 3
Baths: 3

Gorgeous home for sale in Tulum Country Club

Casa Estrellas is a luxurious two-story home that sits on a quiet street in front of the entrance to Tao Residencial in Akumal. Nestled in a 717-acre residential golf resort, the complex is surrounded by world-class golfing and just minutes from the natural beauty of the Caribbean coast. Tulum Country Club (formerly Bahia Principe) is situated in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum, and just 50 miles (80 km) south of Cancun International Airport.

This beautiful 3-bedroom, 3.5-bath home features a spacious open concept layout with floor-to-ceiling windows and sliding doors that let in tons of natural light. It has a fully equipped kitchen with an island and premium appliances, including a refrigerator, an oven, a gas range, and two dishwashers. It also features a den and a laundry room with a washer and dryer. The main floor of this home opens out onto a private patio with a pool and a barbecue area. It also has a huge jungle view rooftop terrace with a hot tub and an outdoor kitchen with a grill. This is a lovely spot to bask in the sun or dine al fresco under the stars. 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 ceiling fans and air conditioning.

Owners and guests can also enjoy all the benefits of life in Tulum Country Club including access to the world-class 27-hole golf course designed by Robert Trent Jones II, as well as a pool, a clubhouse, tennis and basketball courts, a spa, a gym, restaurants and bars, and two fabulous beach clubs.

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