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 | Xaman Ha | Condo for sale in Playacar

Xaman Ha

Playacar Phase 1 (Playa del Carmen, Quintana Roo, MX - 77710)…

3Beds 3Baths $595,000USD

$595,000 USD
$10,805,200 MXP
Estimate only. Updated Daily.

Sarah Fouts

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playacar
Property ID: 544551643
Beds: 3
Baths: 3

Gorgeous beachfront penthouse for sale in Playacar

This ocean view penthouse condo features an unbeatable location inside the exclusive gated golf course community of Playacar. With easy access to the gorgeous white sandy beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This quiet area is a 5-minute walk to 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. It is also just steps from the Playacar Mayan ruins.

This end unit 3-bedroom, 3-bath beachfront penthouse is expansive and luxurious with 10-foot ceilings on the first level, soaring cathedral ceilings upstairs, and 2 ocean view balconies. It has a fully equipped kitchen with a new refrigerator and a garbage disposal unit, a sun-filled living room and dining area, a spacious pantry, and laundry. It has a private upstairs master bedroom, an en-suite second bedroom, and a third bedroom and bath on the lower level. This penthouse comes fully furnished, including 4 beautiful inlaid teak pieces, and equipped with ceiling fans, 4 new air conditioning units, a washer and dryer, high-speed Wi-Fi, and 2 TVs. This is totally a turn-key property.

There is a view of the Mayan ruins from the front porch and side windows. The balconies overlook a huge resort-style pool with a Tiki bar and surrounding in-pool benches. There is both covered and open terrace seating with tables and lounge chairs. There is also a massage cottage on the property.

The Xaman Ha complex is safe and secure with controlled access and 24-hour security. Playacar residents enjoy preferential access to beach clubs and discounts at the Hard Rock golf course, a high-end golf course offering landscaped tropical grounds, sea views, and a paradise of brilliant tropical birds.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this penthouse 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.