Key Takeaways
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Condo prices in Puerto Vallarta start around $150,000 USD for smaller units.
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Most buyers spend between $250,000 to $400,000 USD for modern condos with amenities.
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Don’t forget to budget for closing costs, HOA fees, and property taxes.
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Financing is limited — most buyers pay in cash or use a trust (fideicomiso).
How Much Is the Average Condo in Puerto Vallarta?
Let’s get right to it.
A basic one-bedroom condo in Puerto Vallarta starts around $150,000 USD.
But if you want a modern unit with a pool, ocean view, or something near the Romantic Zone, you’re looking at anywhere from $250,000 to $400,000 USD.
Luxury penthouses? Expect to pay $500,000 USD and up.
Don’t Forget the Extra Costs
1. Closing Costs (~5–7% of Purchase Price)
These include:
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Notary fees
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Property registration
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Transfer taxes
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Legal fees
So, if you’re buying a $300,000 condo, your closing costs could be $15,000–$21,000 USD.
2. Fideicomiso (Trust for Foreigners)
As a foreigner, you’ll need a bank trust (fideicomiso) to legally own property near the coast.
It costs around $500–$1,000 USD per year.
3. HOA Fees
Monthly condo fees in PV usually range between $100 to $400 USD/month, depending on the building and amenities.
4. Annual Property Tax
Yes — property tax in Mexico is shockingly low.
You’ll pay roughly 0.1% of the assessed value per year.
So for a $300,000 condo? That’s about $300/year. Wild, right?
Cash is King in Puerto Vallarta
Financing isn’t like the U.S. or Canada.
Most banks don’t offer mortgages to foreigners unless you’re a resident with strong ties to Mexico.
That’s why:
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Most buyers pay in cash
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Some use home equity from their home country
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Others finance with private lenders (but rates are higher)
What About Rental Income?
Here’s a tip: many buyers offset costs by renting their condo when they’re not using it.
Puerto Vallarta has:
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Year-round tourism
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Strong short-term rental demand
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Platforms like Airbnb and VRBO work well here
So your condo could pay for itself if managed right.
Is It Cheaper Than Buying in the U.S.?
100%.
A condo that costs $300,000 USD in Puerto Vallarta might go for $800,000+ in Miami, LA, or Vancouver.
Plus — lower taxes, lower maintenance, and sunshine almost every day.
So… What’s the Real Bottom Line?
| Expense | Cost Estimate |
|---|---|
| Condo Purchase | $150,000 – $400,000 |
| Closing Costs | $7,500 – $21,000 |
| HOA Fees | $100 – $400/month |
| Fideicomiso | $500 – $1,000/year |
| Property Tax | $100 – $400/year |
To keep it simple:
Have at least $275,000 USD ready if you want a move-in-ready condo with modern amenities.
Final Thoughts
Buying a condo in Puerto Vallarta isn’t just affordable — it’s smart.
Whether it’s a winter escape, investment property, or retirement dream, you don’t need to be a millionaire to own paradise.
Just budget smart, work with a local real estate expert, and know your numbers.
Want Help Finding the Right Condo?
At VR Realty, we specialize in helping foreigners buy in Puerto Vallarta safely and confidently.
-We walk you through every step
-We explain all the hidden costs
-We connect you with lawyers, notaries, and banks
Ready to own a piece of paradise? Contact us today for a free consultation.
💡 Disclaimer: This blog is for informational purposes only and does not constitute legal or financial advice. Always consult professionals when making real estate decisions.