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 | CasaCun | Condo for sale in Puerto Aventuras

CasaCun

Puerto Aventuras (Solidaridad, Quintana Roo, MX - 77760)…

3Beds 3.5Baths $1,300,000USD

$1,300,000 USD
$22,841,000 MXP
Estimate only. Updated Daily.

Sarah Fouts

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Puerto Aventuras
Property Size: 275 sq. mt.
Property ID: 494403008
Beds: 3
Baths: 3.5

New beachfront villas for sale in Puerto Aventuras

CasaCún is a new luxury condominium development with just four modern residences in the exclusive gated resort community of Puerto Aventuras. Enjoy golf, tennis, sailing, yoga, snorkeling and scuba diving, as well as access to world-class deep-sea fishing and water sports, all just steps from your door in this quiet seaside community. Puerto Aventuras is very much a community for couples or families—most of the restaurants close at 10pm and there are strict noise ordinances after 11pm.

These new two-story beachfront villas are expansive and luxurious with 3 bedrooms, an office, a TV room, a powder room and a private garden in the back. They feature a spacious kitchen and dining area and a living room that opens directly to the pool and the private beach. All of the bedrooms have walk-in closets and en suite baths. The master bedroom has a big terrace with pool and ocean views. The second bedroom also has a private terrace. These sustainably designed villas have porcelain tile floors, cedar wood closets and doors and top-quality natural finishes. They are being offered for sale unfurnished but equipped with central air. The sale includes two parking spots, one covered.

The amenities at CasaCún include an exclusive beach with paddle board, sail and kayak, a natural jacuzzi, a pool, wellness spaces for meditation and yoga and an area with hammocks. Owners and guests can also enjoy all the perks of living in a Riviera Maya resort community, such as a golf course designed by Thomas Leman and a marina for 250 yachts, as well as world-class shopping and fine dining.

Puerto Aventuras is nestled in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum and just over an hour's drive from Cancun International Airport. Enjoy all the Riviera Maya has to offer; just a short drive to either Tulum, famous for its miles of pristine white sand beach next to the ancient Mayan ruins, or the bustling seaside world class tourist destination of Playa del Carmen, well-known for fantastic shopping, international cuisine and exciting nightlife.

These new beachfront residences are perfect for vacation rentals or as your own home in paradise. Contact one of our friendly and knowledgeable agents today for more information.