.jpg)
Perhaps you’re considering Peninsula Grand Cozumel simply as your future beach-front retreat. Or you may be interested in the opportunity for financial gain Caribbean real estate offers to investors. Whatever your motivation may be in learning more about Peninsula, be assured that our entire team of developers and associates have one common interest in mind: you.
In addition to reading more about this current island development here in Cozumel, you will also find how easy it is for a foreigner to purchase property in Mexico, and the different ways you can use your condo and amenities to enjoy the island, all while watching your property grow in value. The steps to purchase one of our luxury condominiums are outlined, as well as financing and payment options offered through Peninsula.
With over 2 million visitors per year, real estate opportunities in Cozumel are becoming limited. Consider yourself fortunate to be on the brink of such an exciting opportunity. Although financial success is measured in dollars, there is no way to measure happiness...
Open your mind to paradise.
Welcome to Peninsula
The island provides a vast array of recreational activities and entertainment, appealing to a variety of interests and tastes. Situated directly gehind Peninsula Grand Cozumel, the Cozumel Country Club features an 18 - hole 72-par Jack Nicklaus designed golf course, attracting players from all over the world. Both local and International cuisine are available in a variety of unique eateries, as well as fantastic shops were buyers can find the best prices on designer jewelry, watches, and perfumes.
Cozumel is also the largest port in Mexico and receives more than 400 cruise ships a year. The port’s standards of excellence and welcoming environment are the reason that Cozumel is the most visited island in the Caribbean by cruise lines worldwide.
LOCATION
Peninsula Grand Cozumel is on the North side of the island, an area renowned for its tranquility and untouched natural beauty. Despite being just minutes away from the golf course, marina, and airport, the condominiums are far enough away from the downtown shopping area so that noise and passing tourists do not interfere with the serenity of beach front living.
2 buildings of 15 levels each, with 2 apartments per level, a total of 60 apartments. 2,400 sq.ft. - all of them with a spectacular ocean view. Includes a Lobby and 2 elevators in each building with security booths.
.jpg)
APARTMENTS
-
2,4000sq. ft.
-
All apartments have 3 rooms, each with sea view, private bathroom, master room with walk in closet
-
4 full bathrooms (imported furniture and accessories)
-
Hall or TV hall
-
Integral kitchen: Marble covered cabinets, includes oven and electric grill, extraction bell, double sink and mixing keys
-
Service room: Washer sink, electric heater
-
First class finishing
Foreigners, including U.S. citizens, are allowed to buy property in Mexico. However, some Cozumel Real Estate can be found in “restricted zones”. These zones, known as zona federal and prohibited zones, include the coastline – and that means the coastline of Cozumel too. Foreigners are not directly allowed to buy property in these zones. However, you can buy property indirectly in these zones, through the fidei comiso (bank trust) method set up for this purpose. The trusts last 50 years and are automatically renewable at the end of this period. You are the primary beneficiary of the trust, and in practice these means almost all the benefits of ownership, including the right to name an heir. A bank trust is not a lease. The Mexican government established the trust agreement as a way of protecting foreigners interested in owning property in Mexico. The reasoning was that by making ownership pass through the trust process, there would be an automatic review of the transaction to ensure it was legal and unencumbered. The bank is required to check ownership, insurance and indebtedness of the property, providing further protection to the foreign owner.
BUYING PROCESS:
The exact buying process will vary in each case, but you will follow a process similar to the one that follows:
-
Client registry
-
Submit a purchase request
-
Submit a letter of intention, including price, unit type, discounts, and payment plan
-
A deposit of 10% is paid and cancellation penalties are set
-
A trust (fidieo comiso) is established
-
A public notary is appointed to handle legalities such as an official appraisal of the land and complete history check of the seller (The Notary Public will ensure that all documentation and permits are in order so that the transaction can proceed)
-
Payment is made at the time when the deed is signed over to you.
Note: On average, you can expect the process to take up to 3 months from the time the initial sale agreement is drawn up and the deposit is paid.
·
Re