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 Siu | Condo for sale in Bahía Principe

Tao Siu

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

2Beds 2Baths $220,000USD

$220,000 USD
$3,775,200 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Bahía Principe
Property Size: 98.5 M2
Property ID: 588022086
Beds: 2
Baths: 2

Garden level condo with resort-style amenities

This luxury condo for sale at TAO Residential in Akumal offers inviting indoor-outdoor spaces and the perks of living in a resort community. Nestled in a 717-acre residential resort, the complex is surrounded by world-class golf and is 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 garden level 2-bedroom, 2-bath condo has everything you could want in a vacation home or a year-round residence. It features a spacious open floor plan and gets tons of Caribbean sunshine. It has a fully equipped kitchen with an island, light-filled living and dining areas, and a laundry room with a washer and dryer. It opens out onto a screened-in patio, perfect for enjoying your morning coffee and breakfast or an evening glass of wine surrounded by nature but protected from annoying pests. Plenty of storage space and closets in the bedrooms make this space comfortable for everyday living and a breeze for your vacation guests. This condo shines with tile floors and top-quality finishes. It is being offered for sale unfurnished but equipped with ceiling fans, air conditioning, and a water softener system.

TAO Residential offers resort-style amenities, including two large swimming pools (one adults-only), a fitness center, and discounted prices on golf and the TAO Wellness Center, an integral part of the community. The complex is safe and quiet with controlled access and 24-hour security.

Owners and guests can also enjoy all the benefits of life in Tulum Country Club including access to the resort’s world-class 27-hole golf course designed by Robert Trent Jones II, shuttle service to Kay Beach, preferential access to the Jungle Fish Beach Club, as well as special prices for day passes.

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.

Amenities

Interior features/finishes

Ceiling Fan
Laundry Room
Window Covers

Cooling

3+ Window / Wall Unit

Lot Features

Corner Lot
Trees / Shrubs

Sewer & Water

Public

Appliances

Refrigerator

Extra Features

Covered Patio
Fiber Optic Internet
Golf Community
Kitchen Island
Pets Allowed
Solar Power

Parking Spaces

Year Built

2017

HOA Fees

$3962 MXN monthly

Taxes

$435 USD annually

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Tao Siu | Condo for sale in Bahía Principe

Tao Siu