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 | AWA Residences | Condo for sale in Playacar

AWA Residences

Playacar Phase 2 (Playa del Carmen, Quintana Roo, MX - 77717…

3Beds 3Baths $570,000USD

$570,000 USD
$10,351,200 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playacar
Property Size: 200 sq. mt.
Property ID: 501468211
Beds: 3
Baths: 3

Superb Playacar condo with resort-style amenities

This huge luxury condominium development in Playacar is the ultimate in resort-style living. With an enormous swimming pool stretching across the entire common area and exclusive services and amenities, you and your guests will love vacationing in this paradisiacal gated golf course community. This quiet area is just minutes from Playa del Carmen’s world-famous 5th Avenue and close to all the goods and services of town, yet feels tucked away from it all, like a true beach retreat.

This incredible two-story condo is truly luxurious with 3 bedrooms and 3 full baths. It has a fully equipped kitchen with a breakfast bar island, premium appliances and wine storage. The living room has high ceilings and large windows and sliding doors that let in tons of natural light. It opens out onto a shaded terrace with a grill, perfect for your al fresco cookouts. The master bedroom on the mezzanine has a retractable wall looking over the living room, a walk-in closet, a laundry room with a washer and dryer and a luxurious master bath. One of the guest bedrooms is a lock-off unit that can be rented out separately for additional income. This condo is beautifully maintained with hardwood floors and fine finishes. The sale includes one reserved parking spot right outside the front door.

A secure gated complex, Awa Residences offers all the amenities of a luxury resort. It has multiple pools, a spa and wellness center, a fitness center with a spinning studio, a bar and lounge area, a snack bar, a kid’s club, an area with cabanas, a yoga garden, paddleball courts and concierge and rental management services. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course. This area offers reliable, high-speed internet access, so you can easily work from home.

This gorgeous Playacar condo is being offered for sale fully furnished and ready for you to make it your own. Contact one of our friendly and knowledgeable agents today for more information.