Region 7 Tulum Real Estate for Sale
A small central pocket of Tulum, all of it finished, with two and three bedroom homes from $194,000 USD.
Region 7
The draw
- Among the lowest entry points we cover
- Everything here is built and viewable
- Central, so errands are on foot
What you get
- 3 properties, all complete
- From $194,000 USD, median $287,500 USD
- Two and three bedroom villas and a condo
On the doorstep
- Supermarkets, banks and the town market
- Soona Villas and small scale residential streets
- Pharmacies on Avenida Tulum
Getting around
- ADO terminal and Tren Maya station
- Beach about ten minutes by car
- Airport about 30 minutes
House Yaxche, a four bedroom canopy compound in Region 15
Region 7 is a small municipal area close to the middle of Tulum, and our book here is three properties, all of them finished.
What it is
Another of the numbered regions rather than a named neighborhood. In practice this pocket sits in and around the downtown area, which means the supermarkets, the bus terminal, the Tren Maya station, the banks and the town's everyday restaurants are close by rather than a drive away.
The stock is small scale and residential: villas and condos on side streets rather than towers on an avenue.
What is for sale
Two houses and one condo, all complete. A two bedroom villa at $194,000 USD, a two bedroom condo of 1,905 sq ft at $287,500 USD, and a three bedroom villa at Soona of 3,229 sq ft at $420,000 USD.
The median asking price is $287,500 USD and the median size is 1,905 sq ft (177 m²). That entry point is among the lowest of any area we cover, and unlike a good deal of cheap Tulum stock, these are built and standing.
Who it suits
A first purchase, and anyone who would rather see the finished building than a render. With everything here complete you can walk the house, walk the street and judge the neighbors before you commit, which is not true of most of Tulum at this price.
It also suits a long term rental owner. Central Tulum fills with people who work in the town rather than with visitors, which is steadier if less glamorous than a nightly let.
What to watch
Three listings is the whole market here, so there is very little to compare against inside the region itself. Compare against Downtown and Region 15 instead, which carry similar product in volume.
Central Tulum grew quickly and drainage varies street by street. Ask what happens on the road outside in heavy rain, and visit in the evening to judge the noise.
The figures on this page are asking prices from our own current listings. They are not closed transactions and they are not comparables.
Region 7
Search our current listings in this area, with photography, prices, sizes and full detail on every property.
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Frequently Asked Questions
Find answers to the most common questions about our properties, services, and buying process. If you need more help, feel free to reach out to us
Yes. Foreigners can own property in Tulum via a “fideicomiso”: a trust with a Mexican bank facilitated by a notary. The bank acts as a trustee and follows instructions from the property owner. Via this arrangement, foreigners can have all rights to use, occupy, lease, build, improve, and sell their property. On average, it takes 60 to 90 days to complete a property purchase. Tulum Land & Property works closely with a trusted team of lawyers and notaries who ensure that all legal processes proceed smoothly.Another way of owning property in Tulum is by creating a Mexican corporation. This is recommended when investors plan to own several properties.
Most pre-construction properties require a refundable deposit of $5,000 USD to secure the unit. Our properties are in high demand so this deposit secures the unit while contracts are drafted. Typically buyers make a down payment of 30% but larger down payments lead to larger discounts. The rest of the payments are made according to negotiable payment plans spreading the cost over the construction time, allowing investors to enjoy better liquidity before delivery.
Tulum real estate agents estimate the average annual ROI to be between 6% and 10%. This depends upon location, amenities, rental rates and design. Our team of experts at Tulum Land & Property focus on finding properties that generate 10% to 20% ROI per year.
For foreigners investing in Mexico, the best way to obtain finance is to do so at home. In the US, you may take a Home Equity Loan or Home Equity Line of Credit (click here). Buyers are able to repay their monthly loan payments with rental income from their vacation rental. During the high season in Tulum, a two-bedroom apartment can rent for up to $500 USD per night and villas can command over $1,000 USD per night. Financing in Mexico is typically 8%-9% plus fees and involves a lengthy process.
Closing costs are typically 7% of the property value. This includes the acquisition tax, recordation fee, certificate of no liens, municipal appraisal, legal and closing fees, and public notary fees. The yearly property tax in Mexico is typically 0.1% of the property value. HOA fees typically start from $2.5 USD per square meter per month depending on the amenities included. The cost of furniture and appliances must also be considered in your budget. Our team of experts can help you understand these costs, schedule a call with us to get started (click here).
To ensure a property has a clear title, conduct a title search through a reputable notary or legal professional. This process verifies that the seller has legal ownership and that there are no liens or encumbrances on the property. Working with experienced local professionals can help navigate this process.
Tulum is safe. Recent data shows that the crime index is in fact lower in Tulum than in major cities of the United States, such as Miami (see here). Occasional violent incidents usually do not involve foreigners and tourists, but are rather restricted to disputes between cartels. As for every destination prized by tourists, the usual precautions do apply in Tulum when it comes to irregular activities and behaviour. Many tips are available on forums for first-time travellers to Mexico on how to avoid scams and theft (example here).
Many of the condos and villas sold in Tulum come with amenities, depending on the location. Usual amenities include: pool, spa, rooftop, fitness and yoga centre, co-working space, etc.
Still have questions?
Schedule a call with our team of investment analysts to get the answers you need and make informed decisions.
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