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 | Grand Peninsula Puerto Aventuras | Condo for sale in Puerto Aventuras

Grand Peninsula Puerto Aventuras

Puerto Aventuras(Puerto Aventuras, Quintana Roo, MX, 77733)…

3Beds 4Baths $860,000USD

$860,000 USD
$14,757,600 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Puerto Aventuras
Property Size: 203.45 M2 (total indoor/outdoor)
Property ID: 576179665
Beds: 3
Baths: 4
Baths Comment: 3 full 1 half

New luxury condos for sale on the marina

Grand Peninsula is an exciting new waterfront condominium project located in the exclusive gated residential resort community of Puerto Aventuras. Enjoy golf, tennis, sailing, 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 beautiful new 3-bedroom condos have everything you could want in a vacation home or a year-round residence. They feature a spacious open-concept layout and get tons of Caribbean sunshine. They have a modern kitchen with an island and a large private terrace with panoramic views of the marina. The bedrooms have built-in closets with doors, shelves, and drawers, and luxurious en suite baths. These condos have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with air conditioning. Owners and guests can also enjoy access to a beautiful community pool area and a private beach with palapas and sun loungers.

Puerto Aventuras is nestled in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum and just over an hour 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 condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2024. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Laundry Room

View

Marina

Cooling

Central Air

Lot Features

Common Pool
Landscaped

Sewer & Water

Public

Appliances

Hood Fan
Oven Range
Stove
Washer/Dryer Hookup

Extra Features

Balcony
Common Pool
Elevator
Gated Community
Golf Community
Kitchen Island
New Home
Pets Allowed

Parking Spaces

Year Built

2024

HOA Fees

Taxes

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Grand Peninsula Puerto Aventuras | Condo for sale in Puerto Aventuras

Grand Peninsula Puerto Aventuras