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 | Tao Tulum PH | Condo for sale in Tulum

Tao Tulum PH

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

2Beds 2Baths $225,000USD

$225,000 USD
$3,861,000 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 117.5 M2
Property ID: 576617046
Beds: 2
Baths: 2

Gorgeous penthouse with rooftop jacuzzi terrace

This luxurious penthouse condo for sale at Tao Tulum is located in the exclusive master-planned Aldea Zama residential area of Tulum. The complex is surrounded by jungle and situated 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 sun-filled 2-bedroom, 2-bath penthouse has everything you could want in a vacation or retirement home. It features a spacious open floor plan with a full kitchen with premium appliances and a living and dining area that opens out onto a private balcony. Plenty of kitchen storage space and closets in the bedrooms make this condo comfortable for everyday living and a breeze for your vacation guests. A spiral staircase leads up to your very own private rooftop terrace with a jacuzzi and panoramic jungle views. This penthouse has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale fully furnished and equipped with ceiling fans and air conditioning.

A secure gated complex, Tao Tulum offers privacy to its privileged owners and guests. It has an open-air lounge, botanical gardens, a yoga area, a fitness center, and two swimming pools with sundecks. There are just 90 units in the complex, all surrounded by beautifully landscaped tropical gardens.

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
Jacuzzi
Laundry Room
Window Covers

View

Pool View

Cooling

3+ Mini Splits

Lot Features

Common Pool
Courtyard
Deck
Fenced
Garden Area
Gated Community
Gym
Lawn
Patio
Swimming Pool
Trees / Shrubs

Sewer & Water

Public

Appliances

Dryer
Gas Range
Hood Fan
Microwave
Refrigerator
Stove
Washer
Washer/Dryer Hookup

Extra Features

Fiber Optic Internet
Fitness Center
Furnished
Jacuzzi
Roof Terrace
Security
Tile Floor

Parking Spaces

Year Built

2021

HOA Fees

$274 USD

Taxes

$200 USD

Map

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

Tao Tulum PH