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Icono Towers

Available :

Phases 1 & 2

-

Ready to move in

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Property details
Prices and Availability
From: MX $ 7 620 000
informations
Downtown, Cancun, Quintana Roo, Mexico
12 units available / 25 total units
Property type: condo
2 & 3 bed units available

Earliest Delivery:

Ready to move in

Property Description

Designer residential development avant-garde and modern, inspired by nautical life, with finishes of the highest quality. Located in one of the most central, safe, comfortable and highest capital gain in the city.

Phases & Delivery

Phase 1 : Ready to move in
Phase 2 : Ready to move in

Amenities

Features

Pet Friendly
Security Cameras
Controlled Access
Washer/Dryer Outlets
Closing in pesos

Amenities

Coworking Space
Gym
Jacuzzi
Kids Club
Massage Room
Reception Desk/Lobby
Sauna
Snack Bar
Spa
Storage
HOA Fees :
To be determined

Payment Plans

Option 1Option 2Option 3Option 4Option 5Option 6
At Signing80 %50 %50 %40 %40 %30 %
During Construction-20 %-20 %-10 %
At Delivery20 %30 %50 %40 %60 %60 %
Discount8 %6 %5 %4 %3 %1 %

Development

Construction progress

December 2023

Phase 1 - Delivery in December 2023

Points of Interest

Airport
Cancun International Airport (CUN)
12.0 km
Train Station
Mayan Train - Cancun Airport
13.4 km
Bus Station
ADO Cancun Centro
14.8 km
Hospital
Hospiten Cancun
0.4 km
Public Beach
Playa Langosta
4.9 km
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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.