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 | Selva Escondida | Condo for sale in Puerto Morelos

Selva Escondida

Puerto Morelos (Puerto Morelos, Quintana Roo, MX)…

2Beds 1Baths $110,000USD

$110,000 USD
$1,890,900 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Puerto Morelos
Property Size: 66 M2
Property ID: 569214081
Beds: 2
Baths: 1

Affordable condo for sale in Puerto Morelos

This beautifully designed condo features a prime location just two miles from the beach in the private gated community of Selva Escondida Residential in Puerto Morelos. This quiet seaside community is situated in the heart of the Riviera Maya, about halfway between Cancun and Playa del Carmen, and just 20 minutes from the airport. Nature lovers will adore the proximity to the gorgeous white sandy beaches and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

This sun-filled 2-bedroom, 1-bath condo offers a unique mix of urban convenience and harmony with nature. It features a spacious 710-square-foot living space with a fully equipped kitchen with a breakfast bar and premium appliances, an open-plan living and dining room, and a utility room with a washer and dryer. The bedrooms have large built-in closets, wall-mounted TVs, and floating entertainment shelves. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It comes fully furnished and equipped with ceiling fans and air conditioning. It is being offered for sale move-in ready with high-end furnishings and décor. The sale includes one reserved parking space.

Selva Escondida Residential is a gated, safe community that sits on 24,000 acres of jungle. It offers family-friendly amenities such as a pool and wading pool, outdoor grills, a yoga area, an outdoor gym, sports facilities, a playground, palapas, and a dog park. The complex is safe and secure with controlled access and 24-hour manned security. This area also offers reliable high-speed internet access.

Perfect for use as a vacation home or as a year-round residence, this affordable condo 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.

Amenities

Interior features/finishes

Ceiling Fan
Laundry Room
Window Covers

View

Forest
Jungle

Cooling

3+ Mini Splits

Lot Features

Clubhouse
Common Pool
Courtyard
Garden Area
Playground
Trees / Shrubs

Sewer & Water

Public

Appliances

Dryer
Freezer
Hood Fan
Microwave
Outdoor Grill
Oven Range
Refrigerator
Stove
Washer
Washer/Dryer Hookup

Extra Features

Furnished
Tile Floor

Parking Spaces

Year Built

2021

HOA Fees

$900 MXN per month

Taxes

$220 USD

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Selva Escondida | Condo for sale in Puerto Morelos

Selva Escondida