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 | Hacienda Las Palmas | House for sale in Puerto Aventuras

Hacienda Las Palmas

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

5Beds 6Baths $1,200,000USD

$1,200,000 USD
$20,592,000 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Location: Puerto Aventuras
Property ID: 574727835
Beds: 5
Baths: 6

Gorgeous luxury villa for sale in the marina

Hacienda Las Palmas is a huge 2-story villa located on a quiet street near the golf course 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 front door in this beautiful vacation home. 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.

This spectacular 5-bedroom, 6-bath Caribbean villa is expansive and luxurious with high ceilings and multiple terraces. It has a fully equipped kitchen with an island and premium appliances, a formal dining room, and a spacious living room with large windows that let in tons of Caribbean sunshine. The upstairs bedrooms have ample closet space and share access to a wide covered terrace that extends the length of the home. The primary bedroom features a luxurious en suite bath with a jacuzzi and a large private terrace with an outdoor kitchen area and shaded seating. This home shines with tile floors and high-quality finishes throughout. It is being offered for sale fully furnished and equipped with all the practical amenities that you would expect, including ceiling fans and air conditioning.

This villa sits on a huge lot with a large freeform pool, a sunbathing area, and a covered terrace with a bar and an outdoor grill, perfect for your al fresco cookouts. The landscaped grounds are beautifully maintained with palm trees, tropical vegetation, and blooming trees that provide plenty of cool, shady areas. This property is fully walled-in, offering a wonderful sense of security and privacy for you and your guests. It also features a huge rooftop terrace with a jacuzzi and shaded palapa seating.

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.

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