Cancun is one of the most popular destinations for tourists from all over the world, last year there were almost 5 million tourists visiting the area and each year this numbers continues to grow. The popularity might make you think that Cancun real estate prices are completely over the top, but surprisingly, it is still possible to find real estate opportunities in Cancun for under $200,000 USD.
Purchasing real estate in Mexico is completely safe. There are two legal ways a foreigner can own property on the beach in Mexico: a Fideicomiso (Bank Trust) or owning a Mexican corporation. Both options have pros and cons, if you want to learn more about these, please read this article.
Cancun was founded in the early 70’s by the Mexican Government and Inter-American Development Bank: IDB, as investors didn’t believe that Cancun was going to be a successful tourist destination. Cancun started its activities in 1972 with a palapa control tower for the airport and only a few hotels with a total of 332 rooms.
A lot has happened in the last 40 years, and Cancun has become the “No. 1 top destination for U.S. travel abroad†stated the TODAY News. There are hotels for every taste and budget, but nothing compares to home sweet home in the Mexican Caribbean. If you want to own a beautiful beachfront property in Cancun, this is an achievable dream as it is possible to purchase a Cancun beachfront property for under $200,000 USD.
Cancun Real Estate Beachfront Property for Under $200,000 USD
If you are interested in finding the right beachfront property in Cancun, you need to know that there are available options. Here are a few of the properties you could buy right now in Cancun for under $200,000 USD.
Quaint Colonial Style Condo in a beautiful beachfront complex with killer views.
This one bedroom property is located right in the center of the hotel zone, close to everything. If you like an urban lifestyle, this condo is a great option for you. The condo has all sorts of amenities, like a beachfront common area with two pools, assigned parking spaces, elevators and all the services you could need.
Enjoy this spacious and airy 667 Sq. Ft. condo with a private patio featuring direct views of the pool and the Caribbean Sea. The best part about this property is that you can become a homeowner for $149, 000 USD, with the possibility to make profit by renting your condo as a vacation rental.
Spacious 3 bedroom Colonial style home, 100 yards from the beach.
This quaint residence is located only steps away from the sea, in a quiet residential neighborhood; away from all the crowds of the hotel area but close to everything you need. This is a beautifully decorated Mexican home, with all the space you need and a beautiful garden area where you can enjoy your friends and family.
This home has an amazing amount of space, on the main floor it has a spacious kitchen, a living and dining area and a half bath. On the top floor there are 3 bedrooms with partial views of the sea and two bathrooms, there is also an additional space that can be a TV room or an office.
The garden has all sorts of beautiful tropical plants that provide beautiful nature views from every corner of the house. There is a bonus maid’s quarter with a private bathroom. You can use this room as storage, an office or a home gym!
These are just a few of the properties for sale in Cancun, for a complete list please feel free to browse the Cancun real estate section on our website.
Here at Top Mexico Real Estate, we have helped thousands of foreigners find and purchase the home of their dreams. We have been working in the Riviera Maya for over a decade and our credentials and experience will be a key element to buy a property in a safe and legal manner.
We have thousands of homes all over Mexico, and we are sure you will find something to fit your lifestyle, taste and budget. Contact our agents and become a homeowner in Mexico.
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