El Cielo Villa | Villas for sale for Sale in Playa del Carmen

El Cielo Villa

Sold :

Phase 1

Ready to move in

Earliest Delivery: Ready to move in

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Property details

Prices and Availability

Playa del Carmen, Quintana Roo, Mexico

0 units available / 1 total unit

Property type: villa

bed units available

Delivery date :

Ready to move in

HOA Fees :

MX $ 10000 / month

Property Description

The best investment you will find The area is very safe and quiet. It’s located within a gated community mainly populated by ex-pats from several countries. There is 24-hour security. The neighborhood has parks and exotic animals like spider monkeys, gazelles, wild pigs, and Toucans.
The house has bicycles for faster beach access, a private swimming pool, sun loungers, a private jacuzzi on the roof, and a gas BBQ in the backyard. If you are looking for a safe investment this villa is for you. It is being rented for a USD
400 daily rate and has performed a 90% occupancy in the last 2 years. All records of past rentals can be provided.
The villa is being used as a small hotel, a bed and breakfast package. There is a local housekeeper who lives there, and takes care of breakfast, cleaning, and any maintenance issues.

Phases & Delivery

Phase 1 : Sold out

Amenities

Features

Appliances

Controlled Access

Furnished & Equipped

Gated Community

Outdoor parking

Security

Washer/Dryer Outlets

Internet

Mural Air Conditioning

Pet Friendly

Amenities

BBQ Area

Bicycles

Garden

Jacuzzi

Pool

Storage

Sundeck

Coworking Space

Concierge

HOA Fees :

MX $ 10000 / month

Development

Points of Interest

Airport

Cozumel International Airport (CZM)

21.8 km

Train Station

Mayan Train - Playa del Carmen

8.1 km

Bus Station

ADO Tourist Terminal Playa del Carmen

7.2 km

Hospital

Amerimed Playa del Carmen

6.3 km

Public Beach

Playa Xcalacoco

2.0 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.