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 | TAO Zen | Condo for sale in Bahía Principe

TAO Zen

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

2Beds 2Baths $185,000USD

$185,000 USD
$3,250,450 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

Sale Pending

Property Description

Property Type: Condo
Status: Sale Pending
Location: Bahía Principe
Property Size: 1,400 sq. ft.
Lot Size: 89 sq. mt.
Property ID: 378929102
Beds: 2
Baths: 2

Resort-style living at TAO Residential

This luxurious vacation condo 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 golf resort, the property is surrounded by world-class golfing and just minutes from the natural beauty of the Caribbean coast. 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 well appointed first floor condo has 2 bedrooms and 2 baths. It features a spacious open floor plan with a comfortable living area, a dining table for six, and a full kitchen with a peninsula and premium appliances, including a refrigerator, a dishwasher, a microwave and a gas range. The living area and master bedroom open out onto a wide covered balcony with golf course and jungle views. This unit has tile floors and top quality finishes that are durable and easy to maintain. It comes equipped with ceiling fans, central air, a brand new gas water boiler, and a washer and dryer.

Some of the incredible resort-style amenities that you will enjoy at TAO Residential include two large swimming pools (one adults-only), a fully equipped gym, a lovely bistro serving breakfast and lunch, and discounted prices on golf and the TAO Wellness Center, an integral part of the community. The complex is safe and quiet with gated entry, parking and 24-hour security.

Owners and guests also enjoy all the benefits of life in Bahia Principe including access to the resort’s world-class 27-hole golf course designed by Robert Trent Jones II, beautifully landscaped tropical gardens, tennis and basketball courts, restaurants, bars, and two fabulous beach clubs.

This condo is perfect for use as a vacation rental or as your own home in paradise. It is being offered for sale fully furnished and move-in ready. Contact one of our friendly and knowledgeable agents today for more information.