This Month’s Featured Property
Private El Cid Golf Course Home
This beautiful well maintained 3 bedroom 3 and 1 half bath with a heated pool and fenced yard.
This private El Cid Golf Course home boasts one bedroom off of the entrance courtyard which can be: an office, a guest room, a mother in law suite, etc. Two additional bedrooms are located on the upper level inside the home. The large master bedroom with en-suite bath, and a private patio over looking the Golf Course of # 7 Moro.
- 3 Bedrooms
- 3.5 Bathrooms
- 2831 sf.
- Heated Pool with Solar
- Fenced Yard
- NEW Kitchen Appliances and A/C Mini Splits
- Laundry Room with Full Size Washer/ Dryer
- 1 Car Garage
$150 USD per sf.
Annual HOA = $27,400 MXN
Learn more about this great opportunity with Mazatlan4Sale and talk with one of our friendly agents about how this can be your next home.
Over 220,000 attend Mazatlan carnival 2022
220 thousand people attend to witness the naval combat and 70 thousand to the burning of bad humor, according to figures released by the municipal president.
Mazatlan Carnival is a World-Class event
One of the most famous takes place every year in the coastal city of Mazatlan, Sinaloa.
For one week, the oceanfront Malecon is packed full of revelers who come out to enjoy the massive parade, fireworks, live music, and the epic party that ensues.
Outside of Carnaval, there are still numerous things to do in Mazatlan. Explore the beautiful historic center, take part in some water sports, play a round of golf, or just go lounge on the beach on nearby Stone Island.
Mazatlán Carnival is said to be the third biggest carnival in the world with over a million people celebrating in the city for the six days before Lent.
Mazatlán Carnival or Carnaval de Mazatlán is a pre-Lenten carnival celebration that is now celebrating its 122nd year. It takes place every year in the five days preceding Lent as is the most anticipated event of the year! Mazatlán Carnival claims to be the third-largest carnival in the world with well over a million people heading to the city, to celebrate carnival. There is no other carnival in the world that celebrates like Mazatlán who is known for its abundance of brass bands.
Mazatlán Carnival is without a doubt one of the most unique and vibrant celebrations in all of Mexico and absolutely worth experiencing. Despite the fact that Mazatlán is a popular international tourist destination almost the majority of the people attending carnival are from Mexico. The locals say that carnival is part of their DNA and that carnival runs through their veins. Work and school come to a halt during carnival so that everyone can be swept up in the carnival spirit.
Art Festival at Mazatlan4Sale
That’s How We Spent The Art Festival February 2022!
Experience an exposition of local talented artists: painters,
jewelers, writers, ceramics masters, photographers, and more.
Once per month from December until April
The event is FREE!
Place: Mazatlan4Sale, Avenida Playa Gaviotas 439 A,
Golden ZoneGet a Hand-painted Mug
With Free Margarita!
Next Art Festival Date:
March 17th / 12pm – 4pmSee You There!
Did You Know?
By: Lionne Decker
When you sell your Mexican residential property, there are some selling costs, taxes, and tax allowances you need to account for as part of the transaction.
When you buy a property in Mexico, you’ll be presented with a range of ‘closing costs’ that usually add up to between 5% and 10% of the property’s sale price. When you eventually come to sell your Mexican property, the buyer will pay most of the closing costs, but there are also selling costs and taxes you will need to account for.
The three main costs when you’re selling a property in Mexico are:
- Selling fees;
- Professional service fees;
It’s possible to market and sell your property without the services of a local realty agent; however, as we explain in our Guide to Realty Agents in Mexico, a good realty agent provides a marketing service, a conduit between the negotiating parties, as well as managing through the paperwork to bring a property sale to successful completion. Realty agents in Mexico typically charge between 5% and 8% of the sale price in commission—and you need to add Mexican Sales Tax (IVA) to this (16%), so if the agent’s commission is 5%, the tax-inclusive payment will be 5.80%; and if the agent’s commission is 8%, the tax-inclusive payment will be 9.28%.Professional fees
In Mexico, the role of the Notario Publico is paramount in property transactions. A Mexican Notary Public is a legal professional with very important statutory roles. The fees for the Notary Public are paid for by the buyer. Some buyers also choose to hire a lawyer, which can add several thousand US dollars to their total fees, but this is not necessary for most transactions. If the property you are selling is held in a Bank Trust (fideicomiso), then you will also need to budget for a ‘trust cancellation fee’ that is levied by the bank; the amount varies, but you should budget for around US $1,000 to cover this.
Capital Gains Tax
Mexico applies a capital gains tax on residential property of 25% on the gross sales value of the transaction without any deductions OR between 1.92% and 35% on the value of the gain (purchase costs less allowable exemptions and deductions): the percentage is calculated on a sliding scale in relation to the gain and we recommend you assume 35% as residential property sales with a gain above $250,000 pesos (c.$13,000 US dollars) will be subject to this rate.
One-time tax allowance exemption
A one-time tax allowance exemption is available under Article 92, Fraction XIX a) of Mexican income tax law that reduces the tax liability for many family homes, although you and the property must meet certain criteria to qualify for the exemption:
- you must be resident in Mexico* with a Mexican tax ID (known as a RFC, or Registro Federal de Contribuyentes); and
- the property you’re selling must be your primary residence; and
- the land subject to the sale must not exceed three times the size of the construction on that land (measured in square meters); and
- you can only claim this exemption once every three years.
The flat-rate exemption is the peso equivalent of 700,000 UDIs; the value of UDIs fluctuates and you can get current UDI exchanges rates on the Bank of Mexico website. At the time of writing, 700,000 UDIs equates to approximately $4.66 million Mexican pesos, and you can deduct this amount from the sale price if you qualify.
If the same home is properly co-titled with your spouse or other family member and they are resident in Mexico* with a Mexican tax ID, and the house is their primary residence too, you can deduct an additional 700,000 UDIs in their name.
The tax-deductible allowance is not automatic: you must qualify, and you must prove the qualification. Talk to your Notary Public about how to arrange this and what you need to do to present the necessary records for proof.
Talk with a licensed accountant who is experienced in property matters about getting a RFC if you hold legal residency in Mexico but don’t currently have a RFC number and want to use this as a means to claim the tax deductible allowance when you sell your residential home.
* Mexican income tax law does not expressly state whether the foreign person selling a property must have a temporary or permanent status to avail themselves of capital gain tax exemptions; it does, however, expressly state that the seller must be selling his/her primary residence in order to qualify for tax exemptions on capital gains. The Notario Publico in dealing with the matter will interpret the law; some will apply the capital gains exemptions only if the seller has residente permanente status; some Notary Public offices may apply the exemptions to foreign residents with residente temporal status.
Deductions allowed for capital improvements
You can deduct the costs of any capital improvements (e.g. building extensions, new flooring, swimming pools, new rooms) while you owned the property, as well as some closing costs commonly incurred when purchasing a home. You need official receipts —in Mexico, these are known as ‘facturas’— for all services and building work to claim these allowances when you sell, so be sure to take advice from your Notary Public on how to account for these—and follow it.
Any capital improvements made using a firm or builders who didn’t issue you with facturas for the work cannot be deducted. General maintenance and home improvements, like remodeled kitchens or new bathrooms, do not count as capital improvements.The currency exchange rate effect
In most towns and cities across Mexico, home prices are quoted in Mexican pesos when they are offered for sale. However, a few places and most notably in Los Cabos, Puerto Vallarta, San Miguel de Allende, Ajijic/Chapala, Mazatlan and Cancun/Riviera Maya, home prices are often seen quoted in US dollars.
Even though the transaction may be quoted in dollars, the deed will show the amount in Mexican pesos at the exchange rate prevalent on the date of the closing. Any capital gains are calculated only in Mexican pesos and therefore, shifts in the exchange rate can affect the capital gain calculation as expressed in a foreign currency.
Read Exchange Rates and Capital Gains on Your Mexican Home to understand how foreign exchange rates can influence capital gains calculations on property in Mexico because your tax liabilities when you come to sell are calculated in pesos, not dollars.
Selling your Mexican home as a non-resident
If you are not a resident in Mexico and/or you don’t have a Mexican tax ID, you cannot claim the one-off allowance exemption explained above, although you can claim qualifying deductions, so long as you have the official receipts (facturas) to prove the expenditures which can be deducted.
Your Notary Public is a key contact
The Notario Publico is the most important professional person you will deal with when you buy and sell property in Mexico. Don’t rely on hearsay and instead get the Notary Public to assess your individual situation and the taxes that will likely apply to it.
When you’re buying property, talk with the Notary about what you need to do to plan your estate, how to structure your arrangements, and how to keep the proper records you need to ensure that when you come to sell your property you (or your heirs) are prepared.
Every property transaction has its own quirks and unique characteristics; cultivating a good relationship with your Notary Public is a crucial aspect of successful property investment in Mexico.
- 3 tbsp olive oil
- 2 sweet potatoes, peeled and cut into medium chunks
- 2 tsp smoked paprika
- 2 tsp ground cumin
- 1 onion, chopped
- 2 carrots, chopped
- 2 celery sticks, chopped
- 2 garlic cloves, crushed
- 1-2 tsp chili powder (depending on how hot you like it)
- 1 tsp dried oregano
- 1 tbsp tomato purée
- 1 red pepper, cut into chunks
- 2 x 400g cans chopped tomatoes
- 400g can black beans, drained
- 400g can kidney beans, drained
- lime wedges, guacamole, rice, and coriander to serve.
Heat the oven to 200C/180C fan/gas 6. Put the sweet potato in a roasting tin and drizzle over 1½ tbsp oil, 1 tsp smoked paprika, and 1 tsp ground cumin. Give everything a good mix so that all the chunks are coated in spices, season with salt and pepper, then roast for 25 mins until cooked.
Meanwhile, heat the remaining oil in a large saucepan over medium heat. Add the onion, carrot, and celery. Cook for 8-10 mins, stirring occasionally until soft, then crush in the garlic and cook for 1 min more. Add the remaining dried spices and tomato purée. Give everything a good mix and cook for 1 min more.
Add the red pepper, chopped tomatoes, and 200ml water. Bring the chili to a boil, then simmer for 20 mins. Tip in the beans and cook for another 10 mins before adding the sweet potato. Season to taste then serve with lime wedges, guacamole, rice, and coriander.
Will keep, in an airtight container in the freezer, for up to three months.
11 Bedrooms / 11.5 Bathroom + 3 Glamping Tents with King Size Beds
Sleeps 47 People
One-of-a-Kind Oceanfront Estate w/ Steller sea views that will dominate your senses.
Private Oceanfront El Delfin Estate w/ Pool
11 Bedrooms / 11.5 Bathrooms
+ 3 Glamping Tents with King Size Beds
Sleeps 1-47 PeopleWEDDINGS / YOGA RETREATS / REUNIONS / CORPORATE INCENTIVES
Hacienda Delfin Oceanfront Estate in Mazatlán combines the best of tropical ambiance and hacienda-style amenities to create a truly memorable vacation experience. Located on the Northern end of Mazatlán, you will be perfectly poised for the ultimate vacation in the sun. A capacious and stylish waterfront residence, Hacienda Delfin has also become a favorite local for fairy tale weddings.
Cool off in a pristine, pool with a water slide and waterfall swim-up bar. The alfresco experience is rounded out with a gas BBQ, the ocean and magnificent views are like sentinels to Hacienda Delfin’s solitude.
Whether for corporate retreats, weddings, or getaways for family and friends there’s something for everyone under the Mazatlán sun.
Sleeps 47 Maximum
Base Rate per night for 1- 10 people.
Additional $45 USD charge per person / per night from 11- 47 people max
According to how many guests book will determine the number of rooms available (rest of the rooms will be locked)
Prices & Rules Subject to change
We use disinfectants approved by global health agencies to help prevent the spread of COVID-19Protective Equipment:
We wore protective equipment, like a mask and gloves, while cleaning
Each room was cleaned using extensive cleaning checklists
Cleaning Supplies On Hand:
We provide extra cleaning supplies, so you can clean as you stay
Every Surface Sanitized:
All high-touch surfaces have been sanitized, such as doorknobs, cabinets, and light switches
PAY WITH BITCOIN FOR YOUR NEXT VACATION!
Mazatlan4Rent accepts payments in Bitcoin!
Pay for your vacation rental in an easy and safe way using Crypto assets!
Will Cover YOU!!!
Thinking of selling or buying? Take advantage of a strong U.S. dollar / Canadian dollar to sell or purchase property in Mazatlan, Mexico.
Happy First Day of Spring!