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 | Condo Hak | Condo for sale in Tulum

Condo Hak

Aldea Zama (Tulum, Quintana Roo, MX, 77760)…

4Beds 4Baths $530,000USD

$530,000 USD
$9,094,800 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 268 M2
Property ID: 567792565
Beds: 4
Baths: 4

Gorgeous penthouse with private rooftop

Condo Hak is a luxurious 2-story penthouse in the Sanctuary Tulum development within the exclusive master-planned Aldea Zama residential area of Tulum. The complex is surrounded by jungle and located just minutes from the bohemian chic town center of Tulum and the new beach road that leads straight to the hotel zone and the gorgeous white sandy beaches. Nature lovers will adore the proximity to the ruins of Tulum, Coba, and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

This updated 4-bedroom, 4-bath penthouse condo has everything you could want in a vacation home or a year-round residence. It features a spacious open-concept layout with floor-to-ceiling windows that let in tons of Caribbean sunshine. It has a fully equipped modern kitchen with a breakfast bar and premium appliances, a spacious living room and dining area, a laundry room, and a large covered terrace. The master bedroom features a luxurious master bath and opens out onto your very own private rooftop with a plunge pool, a sunbathing area, and an outdoor kitchen, perfect for relaxing on hot days or laid-back evenings. This penthouse is beautifully maintained with tile floors and top-quality finishes. It is being offered for sale fully furnished and equipped with ceiling fans and air conditioning.

A secure gated complex, Sanctuary Tulum offers privacy to its privileged owners and guests. The condo building has a reception desk, a swimming pool, landscaped tropical gardens, CCTV security, and solar panels for green energy. This area also offers reliable, high-speed internet access.

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.

Amenities

Interior features/finishes

Ceiling Fan
Laundry Room

View

Panoramic
Water View

Cooling

3+ Mini Splits

Lot Features

Common Pool
Garden Area
Landscaped
Private Pool
Trees / Shrubs

Sewer & Water

Public

Appliances

Gas Range
Microwave
Outdoor Grill
Refrigerator
Stove
Washer/Dryer Hookup

Extra Features

Balcony
Cable Available
Common Pool
Covered Patio
Formal Dining
Front Desk
Furnished
Kitchen Island
Pets Allowed
Roof Terrace
Security
Solar Panels
Solar Power
Tile Floor
TV Security
Updated

Parking Spaces

Year Built

2018

HOA Fees

10,970 MXN

Taxes

10,148 MXN

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Condo Hak | Condo for sale in Tulum

Condo Hak