YOUR WELLNESS SANTUARY IN THE HEART OF THE COAST

general

1. How large and how many residences will be a part of the The Residences Yucatan community?

The Condominium Regime is 21.7 hectares (50 acres) which includes the hotel component with 71 keys, common areas and the residential component with 19 four or five-bedroom residences.

2. How long will it take for the residence to be move-in ready?

After signing the Promise to Purchase Agreement and the confirmation of the earnest money deposit, the two- and three-bedroom residences are delivered ready to move into within 12 to 18 months, and four- and five-bedroom residences within 18 to 24 months.

3. Is the furniture package included in the purchase price of the residence?

No. The furniture package is considered separate from the purchase price of the property. The purchaser will have the option to choose whether they want their residence with:

  • Chablé Furniture Package – complete with all the FF& and OS&E curated by Chablé (turnkey).
  • Costalegre Package – furniture and equipment, not including art or accessories.
  • Unfurnished – includes basic equipment, fixtures, but not limited to refrigerator, stove, range hood, dishwasher, sink, etc.

4. Can modifications be made to the architectural design of the residence?

During the due diligence period, the buyer will have the opportunity to submit changes for consideration to the Developer and Chable that do not modify the structure of the residence. During this period, the buyer may decide whether to incorporate additional pre-approved elements (“add-ons”) to their residence, such as a jacuzzi, grill, fire pit, etc. depending on the floorplan they are purchasing.

Modifications and add-ons are separate from the purchase price and are at the purchaser’s expense.

5. Who am I purchasing my residences from?

A group of investors who set up a trust with a reversion clause and who, through the trust, appointed Tezcalame H3, S.A. de C.V., as their representative for the purposes of signing and executing all necessary acts for the sale and construction of the properties within the Chablé Valle de Guadalupe development.

6. Are The Costalegre Residences branded?

Yes, by the Chablé brand.

Chablé operates Chablé Yucatán (Grand Luxury Hotel), which has been recognized as Prix Versailles 2017 and the best design in the world by UNESCO. The hotel has also been named on the acclaimed 50 Best list multiple years, being recognized as the best hotel in North America and No. 16 in the world in 2024; and at the same time receiving two Michelin keys. In 2025, Chablé Yucatán announced the launch of its residential component. The brand also operates Chablé Maroma, located in Punta Maroma on the Riviera Maya, which has also received a Michelin key. Chablé has another destination under construction, Chablé Valle de Guadalupe in Baja California, also with a residential component.

7. What benefits do The Costalegre Residences homeowners have in Chablé Costalegre hotel and amenities?

Homeowners will benefit from preferential rates, subject to availability, while on property. These benefits extend to the spa, restaurants, kids’ club, room nights, private ceremonies and sessions, wellness golf and more. Homeowners will also have exclusive events, solely for their enjoyment along with their neighbors.

8. is there a Homeowners Association that maintains the common areas of the The Yucatan Residences community?

Yes. The Homeowners Association (HOA) will oversee all operational aspects of the Residential Subcondominium Regime and the maintenance of its common areas.

9. Is there a Homeowners Association that maintains the common areas of the The Costalegre Residences community?

yes. Through the HOA’s association the Chablé Costalegre homeowners will have access to the hotel’s services as well as a-la-carte services.

  • Hotel services / concierge services
  • A-La-Carte Services

Homeowners may have the option to participate in a rental program.

10. How much are the HOA dues annually at The Costalegre Residences?

Annual homeowners' association dues will vary depending on the undivided ownership of the property and the size of the residence. HOA dues are determined at the annual condominium meeting and are subject to annual increases based on the CPI.

11. How are utilities, such as water, sewer, electrical and other services, provided to The Costalegre Residences community?

The Costalegre Residences has a well for the general water supply for the hotel and residential areas. Additionally, each residence will have their own 10 m3 (2,200 gallon) cistern as a storage system.

Electricity, telephone, and data services, as well as other services necessary for the community, will be contracted with local providers. All residents will have access to these services.

Many aspects of the operation of the community are managed by the Homeowners Association (HOA). The HOA manages the wastewater treatment system and provides the highest level of water treatment available through its own water treatment plant. In addition, residences’ backup power generator provides power to common area facilities should external services go down.

12. How far is the nearest airport from The Costalegre Residences?

The nearest airport is Puerto Vallarta International Airport, located approximately 123 kilometers (76 miles) away, a 2-hour 35-minute drive.

real estate

1. Can foreigners own real estate in Mexico in fee simple?

Yes, a foreigner can own in fee simple title real estate located in Mexico except for real property located in an area known as the “Restricted Zone.”

2. What is the “Restricted Zone”?

The Mexican Constitution prohibits direct ownership by foreigners of real property located in an area of 50 kilometers (31.06 miles) of any ocean and 100 kilometers (62.13 miles) of the international border. This is the area colloquially referred to as the Restricted Zone.

3. Is The Costalegre Residences located in the restricted zone?

Yes, The Costalegre Residences are located within the Restricted Zone; it is a beachfront development, and the residences are less than 250 meters (820 feet) from the ocean.

4. Can foreigners own real property in The Costalegre Residences?

Yes.

  • For residential purposes: indirectly through a fideicomiso (i.e. irrevocable real estate trust agreement with a Mexican bank as trustee) with prior authorization from the Mexican Federal Government (Ministry of Foreign Affairs).
  • For commercial or business purposes: by incorporating a Mexican corporation (even if it is 100% foreign owned) with authorization from the Mexican Federal Government.

5. What is a fideicomiso?

The fideicomiso is a real estate trust agreement in Mexico that is set up at the request of a foreign purchaser by a Mexican bank or institution as trustee to hold title of a residential property. The trustee is obligated by contract and law to hold title to the property for the benefit and enjoyment of the beneficiary (purchaser) subject to the terms and conditions of the trust agreement and Mexican law.

6. Is my property deed separate from the trust?

No. The fideicomiso is the entity that evidences title to the real property. The trustee is the owner of record of the property for the benefit of the beneficiary. The fideicomiso is granted title in a “Public Deed” before a Notary public.

7. Who is the Trustee of the trust?

Per Mexican law, only banks in Mexico and certain regulated financial institutions may act as trustees in the Restricted Zone.

8. Who is the owner of the real property in a trust?

The “Owner of Record” is the bank or financial institution acting as trustee, but solely in its capacity of trustee. However, possession, use and enjoyment are granted to you as the beneficiary of the trust.

9. Who can be a beneficiary of the trust?

  • Individuals
  • U.S. entities such as corporations, LLCs, LLPs etc.
  • Trusts

10. Who is the Notary public and what is their role in real estate transactions?

A Notary public (Notario Publico) is a certified attorney-at-law who is granted a patent by the State Government to document and attest real estate conveyances and other legal acts in Mexico. Notaries are an essential component of a closing and transfer of title process. Among their duties, Notaries confirm the authority of the parties, verify ownership, document the terms and conditions of the transaction, and, in some cases, collect capital gains and other taxes and fees associated with such transfer.

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