Tres Aguas Boutique Condos

Tres Aguas Boutique Condos

Available :

Phase 1

-

Ready to move in

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Property details
Prices and Availability
From: MX $ 1 973 247.1
informations
Conkal, Yucatan, Mexico
47 units available / 50 total units
Property type: condo
1 & 2 bed units available

Delivery date :

Ready to move in

HOA Fees :

MX $ 1800 / month

Property Description

Tres Aguas is a boutique condominium complex located in the heart of Conkal. Surrounded by green areas and peace, it is the perfect place to start flowing with life.

The constant presence of nature at your around gives you a feeling of calm and connection with the environment. The green tones of the vegetation, combined with the tones blue water, they have a relaxing effect in your mind and body. The open spaces and the lack of urban congestion allow you breathe deeply and appreciate the natural beauty that surrounds you.

Phases & Delivery

Phase 1 : Ready to move in

Amenities

Features

Controlled Access
Gated Community
Closing in pesos
Outdoor parking

Amenities

Coffee Shop
Commercial Area
Coworking Space
Garden
Gym
Lounge Area
Pool
Reception Desk/Lobby
HOA Fees :
See Unit

Development

Construction progress

January 2024

Phase 1 - Delivery in January 2024

Points of Interest

Airport
Mérida International Airport (MID)
18.7 km
Train Station
Mayan Train - Teya Mérida
14.0 km
Bus Station
ADO Altabrisa
6.8 km
Hospital
Star Medica Hospital
6.8 km
Public Beach
Cancunito
5.5 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.