Léu Boutique Condo | Condos for sale for Sale in Cancun

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Léu Boutique Condo

Available :

Phase 1

Ready to move in

Earliest Delivery: Ready to move in

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Property details

Prices and Availability

From: MX $ 5 100 000

Cancun, Quintana Roo, Mexico

2 units available / 11 total units

Property type: condo

2 bed unit available

Delivery date :

Ready to move in

HOA Fees :

US $ 2.7 / m²

Property Description

Luxury apartments in the best location in Cancún

At Leú, elegance blends perfectly with comfort and convenience. Enjoy an investment or residential experience like no other in one of Mexico's most popular tourist destinations.

Cancún is experiencing constant economic and tourism growth, which translates into high demand for properties. This means that your investment has high capital gains potential, allowing you to obtain attractive returns in the short, medium, and long term.

In fact, you can secure an investment return of 8-10% annually, in addition to a capital gains percentage of 6-8% annually. This combination of profitability and property appreciation makes Cancún an ideal destination for investors. It also offers an excellent quality of life, with a wide range of services, restaurants, shopping centers, and entertainment activities.

Phases & Delivery

Phase 1 : Ready to move in

Amenities

Features

Lock Off Units Available

Closing in pesos

Underground parking

Washer/Dryer Outlets

Amenities

BBQ Area

Bar

Pool

Sundeck

Terrace

HOA Fees :

US $ 2.7 / m²

Development

Points of Interest

Airport

Cancun International Airport (CUN)

13.9 km

Train Station

Mayan Train - Cancun Airport

15.2 km

Bus Station

ADO Cancun Centro

14.9 km

Hospital

Hospital Playamed Cancun

0.8 km

Public Beach

Playa del Niño

4.5 km

Frequently Asked Questions

Can a foreigner own real estate in Mexico?

Absolutely! The key distinction in the buying process is the use of a trust or fideicomiso. It is required to acquire property or land in the Restricted Zone. The restrcited zone is 100 km from the border with another country and 50km from the coastline.

What is the restricted zone?

100 km from national borders and 50 km from the coastline.

What is a Fideicomiso?

It is a trust system ownership sanctioned by the Mexican government and secured by the Central Bank of Mexico.

In very simple terms, the foreign buyer is the beneficiary of that trust.

It is 50-year perpetually renewable and transferable bank trust.

The beneficiary of the trust has ALL the rights commonly enjoyed by a Mexican owner (use, sell, lease, etc)

It means irrevocable and absolute ownership rights to the property; the bank CANNOT sell the property without written consent of the beneficiary. The Mexican Bank Trust only holds the property title for the beneficiary but doesn't have any rights over the property.

It is important to mention that a lot of Mexican nationals go for a trust based ownership as it clearly states the beneficiaries in case of death.

Why is the use of a trust required?

In the 1917 Mexican Constitution, foreign ownership was forbidden in the Restricted zone because of Mexico's long history of land ownership dominated by foreigners (article 27). In 1973, a series of foreign investment laws were implemented as the Mexican government saw that foreign investment could have a positive impact on the economy. As a result of the relaxation of the laws on foreign investment, the trust system was created in 1993. Overall, it was much easier to create a trust system for foreign ownership than completely changing the Mexican Constitution.

Our mission is to provide superior service to our clients by facilitating the buying process in Mexico, ensuring that their property needs are met and investing in that which brings the greatest rate of return.