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

Villa de Golf Bahía Principe | House for sale in Bahía Principe

Property Description

Property Type: House
Status: For Sale
Location: Bahía Principe
Property Size: 748 sq. mt.
Lot Size: 1,800 sq. mt.
Property ID: 233742692
Beds: 6
Baths: 8

Gorgeous Two Story Houses in Golf Course Community

Located in the beautiful Golf Residences of Bahia Principe on the pristine fairway of the 7th hole. Bahia Principe Riviera Maya Golf Club was designed by the famous golf course designer Robert Trent Jones II. This property consists of two luxury homes. The main house is 5553 sq.feet of elegance and beauty. The second house is every bit as luxurious with 2500 sq.feet. Both homes are professionally decorated, completely furnished with every amenity you could ask for. Both homes have air conditioning, fans, twelve foot ceilings, custom cabinetry and hardware, chandeliers, Company C brand rugs, high end furniture along with filtered water softener system through out. Two large glass tiled pools connected by a bridge and gazebo to enjoy for your outside entertainment. Both pools are heated to your desired temperature for your year round enjoyment.The large gazebo connecting the two pools has a 6 ft.wide waterfall that drops 10 ft to the pool below on both sides. The ambiance at night is enhanced by the three LED pool deck fountains. Enjoy poolside entertaining on non-slip tiled patio area at each house connecting to each other.

Lounge chairs included along with private patio furniture off of each bedroom suite. A grilling area with Green Egg Grill outside large house makes for wonderful meal outdoors. Beautiful maintained gardens surrounding the property with irrigation and ambient lighting in the trees for evening outside enjoyment. A quiet shade garden with arbor adjoins the two houses with winding sidewalk from side entrances to both houses. Entrance to this garden begins at the rocked archway with an antique wrought iron gate imported from " Old Puebla, Mexico " with stepping stones leading you to the beautiful pool area.The large house has a grand open floor plan.The living room, dining area, kitchen, and wet bar areas are all open thru three large slider doors with screens to your outdoor entertaining pool side. There is a gourmet kitchen with quartz countertops, a beautiful freestanding red professional series duel fuel range with convection option oven, a large microwave with convection oven placed within custom cabinetry, stainless like double door refrigerator with freezer drawer below, copper farmhouse sink with garbage disposal and dishwasher. Pullout trash and pantry. Enjoy a cool drink from your wet bar with friends. Beautiful custom glass wine glass holder and glass shelves make is easy to entertain along with bar fridge and copper bar sink.Lovely antiqued white custom cabinetry, doors, closets throughout.The grand glass staircase is trimmed with glass panels and custom posts and railings to match all cabinetry. The pièce de résistance in this home is the fabulous cavern wine cellar and dining. Enter the cave through huge 14ft antique wooden doors, and descend down into the most unique dining space you have ever seen. Beautiful chandeliers and natural cave formations decorate this beautiful space, complete with Air-conditioning and mood lighting for memorable dinner parties and entertaining

Contact our agents today for more information on these two fabulous and luxurious villas located in one of the most exclusive golf course communities in Mexico!