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 | Santa Fe Villa 7 | House for sale in Playacar

Santa Fe Villa 7

Playacar Phase 2 (Playa Del Carmen, Quintana Roo, MX - 77710)…

3Beds 3.5Baths $312,000USD

$312,000 USD
$6,246,240 MXP
Estimate only. Updated Daily.

Carlos MartÃnez

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Sale Pending

Property Description

Property Type: House
Status: Sale Pending
Location: Playacar
Property Size: 186 sq. mt.
Property ID: 365534547
Beds: 3
Baths: 3.5

This gorgeous luxury home is located just steps away from the beach in the exclusive gated golf course community of Playacar in the Riviera Maya. Villas Santa Fe is a secure gated complex located within Playacar Phase II with some of the most beautiful homes in the area. It offers exceptional amenities in an area that is quiet and peaceful. This home is ideally situated to take advantage of all that the exciting city of Playa del Carmen has to offer, while still feeling “away from it all.”

This bright and spacious three-story villa has 3 bedrooms, 3 full baths and 1 half bath. The main floor features an open floor plan with a peninsula kitchen, a dining area, and a large living room that opens out via sliding glass doors to a lovely patio space. The home shines with premium appliances, tile floors and top quality finishes. It comes equipped with all of the practical amenities that you would expect, including ceiling fans, air conditioning and a washer and dryer. Outside, there’s a large communal pool, an entertainment palapa with an outdoor grill, and beautifully landscaped tropical gardens.

Perfect for owners in search of the laid-back Caribbean lifestyle, this is a beautiful property in an idyllic part of the Riviera Maya coast. Located inside Playa del Carmen’s most exclusive gated beachfront community, it offers exclusivity and privacy but also easy access to fantastic beaches. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

It's also a fantastic investment opportunity for those who wish to responsibly capitalize on the growth of the Riviera Maya. Because of its desirable location inside of a secure and exclusive, gated, golf course community, yet just minutes from Playa del Carmen’s world-famous 5th Avenue and just steps away from the beach, this villa is a highly sought after vacation rental property.

This beautiful Playacar villa is being offered for sale fully furnished and ready for immediate occupancy. Contact one of our friendly agents today for more information or to schedule a showing.