Settle into a relaxed, tropical lifestyle at Santillana del Mar
or at the Santillana Sea Ranch. Whether you wish to acquire a
rare commodity in the form of a front line or second row beachfront
home site, or a larger Sea Ranch Estates home site fit for a Yucatan
style Hacienda, you can have a great life along the Campeche Gulf
Coast. Join a neighborhood offering all the services you need,
in an unspoiled Yucatan environment, where you can still have
maids, gardeners and other domestic help for a surprisingly low
cost. The same is true for top quality medical and dental care,
with several large, American style hospitals now opening in Merida,
and excellent private company medical insurance is very reasonable
as well. Both Campeche and Champoton have modern medical clinics
and very good physicians for immediate attention. Fresh fish and
seafood are available right off the boat year round, and local
farmers markets provide delicious fruit and produce. Just one kilometer away, the megaproject Aak-Bal by ICA, is now becoming a reality, with world class amenities opening in the Summer and Fall of 2012.
Or Choose the Sea Ranch
Santillana Sea Ranch…. For
those who want the pleasure of being close to the beach and ocean,
with a little more space to relax. Just a few minutes walk from
the beach, you can own a large Estate Home Site, in most cases
around one-half acre, and in some cases up to one full acre. You
will have full access to the beach and all the community facilities
nearby. The Sea Ranch will also be fully enclosed with 24 hour
security and gated access only for residents and guests. We are
creating a set of home designs meant to take advantage of this
extra space, mostly one story, in typical Yucatan Hacienda style.
The lush, tropical climate means you can create a paradise in
your garden area, with palms and other plants and flowers available
from local nurseries, along with excellent gardeners to care for
them, all at a most reasonable cost. Prices for these very large
home sites begin at $75,000 this year.
A word about construction…..
All construction is solid, steel reinforced concrete block, with
heavy steel reinforced concrete beams forming the frame for second
story floors. Roofing is done with terra cotta style tiles, and
underneath we install ample foam insulation to help with energy
conservation. Other insulation coatings are applied to all exterior
walls for the same purpose. All floors, bathrooms, and countertops
are finished in deluxe quality ceramic tile from Interceramic,
Mexico’s premier luxury ceramic tile manufacturer that has
a strong international following. We also have the flexibility
to add some touches of luxury upon request….. marble floors,
granite countertops, local stone fountains, hand made wrought
iron railings and more. We are able to create a top notch luxury
standard home for you, custom built according to your choices
in materials, for under $100 per square foot, depending on what
optional materials may be added.
Ownership, Management and Other Matters
There are still a few restrictions
on foreign ownership of coastal land in Mexico, but thanks to
NAFTA and recent changes in laws, it is now relatively easy and
painless, as one can accurately conclude from the hundreds of
thousands of non-Mexicans who now own coastal homes and condominiums.
You can hold title to coastal land through a Trust, in which a
leading Mexican bank handles the paperwork, and in some cases,
you can form your own Mexican corporation, in which you control
100% of the shares. The trust system has been around for over
30 years now, and the term of the trust was recently lengthened
to 50 years, with automatic renewal rights. In either case, the
total cost of legal and transfer fees for the land generally runs
around 5% of the purchase price. We have leading attorneys in
Merida who can handle the bank trust or a Mexican corporation
Taxes…. Property taxes in
Mexico are extremely low, mainly because most people across Mexico
who own property can’t afford to pay much. The federal government
relies on oil income for over 40% of its entire budget, and much
of this income is passed along to states and cities. Large homes
in cities such as Campeche generally pay around $500-1000 in annual
property taxes, and sometimes much less than that. Unimproved
home sites can expect an annual property tax of well under $100.
If you decide to sell your home one day, you’ll be pleased
to learn that there is NO capital gains tax on the sale of your
personal residence. If you receive and declare income from activities
in Mexico, the federal income taxes are not greatly different
from U.S. rates, and after proper deductions, you’ll probably
end up paying around 15-20% of what you actually received. Mexico
does not assess any income taxes on money earned outside of Mexico.
We can arrange for you to meet with experienced Mexican tax accountants
if you wish to discuss tax matters.
We are prepared to handle property
management and maintenance upon request. We anticipate a great
rental market in the future, especially due to our location, and
the obvious demand for warm weather beachfront rentals during
the winter season. The Yucatan region is also fast becoming a
favorite family vacation destination from several European countries,
where two months of paid vacation time is now almost universal.
Maintenance of your home is also easily accomplished, since we
will have teams of maids, gardeners, and general repair personnel
available, either on an annual contract or a case by case basis.