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 | The Reserve at Mayakoba PH | Condo for sale in Playa Del Carmen

The Reserve at Mayakoba PH

Mayakoba Resort (Playa del Carmen, Quintana Roo, MX - 77727)…

4Beds 6Baths $2,847,153USD

$2,847,153 USD
$48,373,129 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 432.34 sq. mt.
Lot Size: 66,408 sq. mt.
Property ID: 547141720
Beds: 4
Baths: 6

New luxury condos for sale in Mayakoba Resort

The Reserve at Mayakoba is an exciting new condominium project nestled in the heart of Mayakoba Resort, a private gated community that spans 620 acres. Located off the highway just north of Playa del Carmen, the Mayakoba complex is surrounded by pristine lagoons and green spaces, and just minutes from the natural beauty of the Caribbean coast. It is home to award-winning hotels, luxury residences, and unparalleled resort offerings, including world-class cuisine, wellness, golf, and beach clubs.

These beautiful new 1-, 2-, 3- and 4-bedroom condos and penthouses have everything you could want in a vacation or retirement home. They are extremely private and boast floor-to-ceiling windows and large terraces with incredible views of the canals, the jungle, and the impeccably landscaped golf course. All of the modern residences come equipped with closets, kitchens, and bathroom furniture. The luxurious penthouses have private plunge pools. These condos have hardwood floors and top-quality finishes that are durable and easy to maintain. The sale includes 1 reserved parking space for the 1-bedroom units, 2 reserved spaces for the 2–4-bedroom units, and 4 reserved parking spaces for the penthouses.

This new luxury development offers exclusive amenities such as a huge resort-style pool, a spa, a gym, a business center, snack shops, a whiskey and cigar bar, a yoga deck, multi-use rooms, and a kids club. The complex is safe and secure with double access control and 24-hour security. It has on-site underground parking and footpaths leading to the expansive pool deck and freshwater canals.

Owners and guests can also enjoy all the benefits of life in Mayakoba Resort, including access to a private beach club, the world-class Greg Norman designed golf course, “El Camaleón,” exclusive spa services, gourmet restaurants, tennis and paddle courts, nature trails and more.

These condos are perfect for use as a vacation home or a year-round residence. Delivery is scheduled for mid-2023. Contact one of our friendly and knowledgeable agents today for more information.