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 | Santa Fe | Condo for sale in Playacar

Santa Fe

Playacar Phase2 (Playa del Carmen, Quintana Roo, Mexico, 77717)…

3Beds 4Baths $428,000USD

$428,000 USD
$7,344,480 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playacar
Property Size: 187.5 M2
Property ID: 589900657
Beds: 3
Baths: 4

Beautiful updated villa for sale in Playacar

This gorgeous luxury home for sale at Villas Santa Fe is located just steps from the beach in the exclusive gated golf course community of Playacar in Playa del Carmen. Villas Santa Fe is a secure gated complex nestled within Playacar Phase II with some of the most beautiful homes in the area. It has exceptional amenities in an area that is quiet and peaceful. Located inside Playa del Carmen’s most exclusive gated beachfront community, it offers exclusivity and privacy but also easy access to fantastic beaches.

This updated 3-bedroom, 4.5-bath villa has everything you could want in a vacation home or a year-round residence. It features a fully equipped kitchen with a laundry area, a functional dining room, and a sun-filled living room with a king-size murphy bed. The living room opens out onto a covered patio with views of the courtyard and gardens. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. This property is wheelchair accessible in the back and features unique art and wall murals, a bidet in every bathroom, and two water filtration systems, guaranteeing access to clean and purified water. It has a loft with a twin-size murphy bed on the top floor, perfect for use as a yoga or exercise space. This villa has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale fully furnished and equipped with ceiling fans and central air conditioning.

You and your guests will love the beautiful community pool area with a palapa and landscaped tropical gardens. The Villas Santa Fe complex is safe and quiet with controlled access and security. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this villa will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Ceiling Fan
Window Covers

View

Golf Course

Cooling

Central Air

Lot Features

Clubhouse
Courtyard
Fenced
Front Porch
Landscaped
Lawn
Swimming Pool
Trees / Shrubs

Sewer & Water

Public

Appliances

Dishwasher
Dryer
Gas Range
Microwave
Oven Range
Refrigerator - Bar
Refrigerator with Ice Maker
Stove
Washer
Washer/Dryer Hookup

Extra Features

Accessible
Cable Available
Formal Dining
Furnished
Golf Community
Security
Sprinkler System
Storm Shutters (Electric)
Tile Floor
Updated
Water Purifier
Water Softener

Parking Spaces

HOA Fees

$2500 MXN

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Santa Fe | Condo for sale in Playacar

Santa Fe