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 | Ocean Plaza 13 | Condo for sale in Playa Del Carmen

Ocean Plaza 13

Downtown (Playa del Carmen, Quintana Roo, MX - 77710)…

3Beds 3Baths $650,000USD

$650,000 USD
$12,980,500 MXP
Estimate only. Updated Daily.

Rob Kinnon

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 185 sq. mt.
Property ID: 282436931
Beds: 3
Baths: 3

Oceans 13 - Beachfront Condominium for Sale in Playa del Carmen

We are thrilled to present this incredible 3-bedroom 3-bath triplex condominium in Playa del Carmen. Oceans 13 is located directly in the beach in the heart of Playa’s exciting downtown, just a few steps from all the excitement of 5th Avenue. This is the perfect location to enjoy the international cuisine and the nightlife that Playa is famous for. From this fantastic beachfront vacation home you can walk to everything! High-end shopping, authentic crafts boutiques, fantastic eateries and nightclubs are all just a short stroll away. Of course, the beach is right at your doorstep. The exclusive Ocean Plaza complex also offers a private pool for residents and elevator access. What more can you ask for?

On the first level, you will find a fully equipped kitchen with stainless steel appliances and a huge, stylish black cabinetry, and a gleaming marble-topped breakfast bar. The chic living and dining areas are spacious and open straight out to the terrace with unobstructed views of the beach and the Caribbean Sea. There are marble floors throughout which have been meticulously maintained and a spectacular cement accent wall, which stretches up 3 stories. On the main level you will find one bedroom and a full bathroom. Upstairs, lofted above the living areas, are two master suites, each with a completely remodeled bathroom and ocean views. Perhaps the most attractive feature is the private ocean view rooftop terrace with an elegant pergola-covered lounge and plunge pool.

No expense has been spared in the design, decoration and furnishing of this spectacular vacation condominium. There is no other vacation property like this in Playa del Carmen and certainly not directly on the beach. The photos speak for themselves but you really have to see it to truly appreciate it.

This show-stopping vacation property is being offered for sale fully furnished and equipped and ready to welcome you or your guests. If you are interested in vacation rental income potential, you can do no better than a beachfront condominium in Playa del Carmen. Contact your Buyers representative today for more info.