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 | Villas Sacbe Cenote | Condo for sale in Playa Del Carmen

Villas Sacbe Cenote

Centro(Playa del Carmen, Quintana Roo, MX, 77710)…

3Beds 2Baths $199,000USD

$199,000 USD
$3,434,740 MXP
Estimate only. Updated Daily.

Danielle Knod

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Sold

Property Description

Property Type: Condo
Status: Sold
Location: Playa Del Carmen
Property Size: 120 M2
Lot Size: 800 M2
Property ID: 573782297
Beds: 3
Baths: 2

Beautiful garden level condo with private cenote

You just can’t get more centrally located than this vacation condo for sale in the heart of Playa del Carmen. It is hidden away in a tropical oasis, just steps from the beach and all the excitement of world-famous 5th Avenue. This is one of the best locations in the city and attracts a steady stream of vacation renters. Your guests will delight in the ease and convenience of this prime downtown location, guaranteeing its constant rental occupancy and ensuring a healthy ROI for many years to come.

This garden level 3-bedroom, 2-bath condo is built around a private cenote and features a deck with a small sitting area at the side of the cenote, a waterfall, and a small meditation area at the water’s edge. It is comprised of two separate units that can be combined to form one large unit or kept separate for maximum rental potential. One unit is a full studio apartment with a kitchenette, a full bath, and a sitting area. The other unit has a large kitchen, two bedrooms, and a large master bath. This condo has marble floors, exposed stone walls, and beamed ceilings. It needs a remodel to be modern, but is fully rentable as is. It comes fully furnished and equipped with ceiling fans and air conditioning.

Villas Sacbe is a unique condo-hotel in a secluded jungle setting just steps from the beach. Owners and guests rave about the gorgeous plunge pool area surrounded by beautifully landscaped tropical gardens, bright bougainvillea, and coconut palms. The complex is safe and secure with controlled access and nighttime security. This area also offers reliable high-speed internet access.

This condo is perfect for vacation rentals or as your own home in paradise. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Ceiling Fan
Laundry Room

View

Jungle

Cooling

3+ Mini Splits

Lot Features

Cenote
Courtyard
Deck
Front Porch
Garden Area
Landscaped
Patio
Trees / Shrubs

Sewer & Water

Public

Appliances

Gas Range
Hood Fan
Microwave
Oven Range
Refrigerator

Extra Features

Balcony
Cable Available
Common Pool
Covered Patio
Furnished
Lock Off Bedroom
Pets Allowed
Porch
Roof Terrace
Security

Year Built

1998

HOA Fees

$28,575 MXP quarterly

Taxes

$3500 MXP annually

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Villas Sacbe Cenote | Condo for sale in Playa Del Carmen

Villas Sacbe Cenote