non-Mexican citizens cannot own property within 50 km (I think) of the ocean or border.
That must not include the Sea of Cortez. Most of the homes along the
Sea are owned by Americans. In fact San Felipe has a large ReMax office
dedicated to selling homes to Americans on the beach.
However, in any case, they have the U.S. beat hands down. In the U.S.
Americans can't ever own property anywhere, ever.

-Robert