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House in Altozano

Altozano, Morelia, Michoacán, México

$288,468≈ MX$5,390,000

For Sale
  • 3Bedrooms
  • 3Bathrooms
  • 1,760 sq ftLot area
  • 3Parking spaces

About this home

House for SALE with top-quality finishes in Altozano. Primer Retorno de los Olivos #59, El Olivar Subdivision, Altozano, Morelia. Lot size: 163.49 m². Floor area: 197.87 m². ???? Garage for 2 or 3 cars. ???? 8,500-liter cistern and???? Two planters ???? Ground Floor: ???? Bookcase. ????? Living room and dining room. ????? Multipurpose room with full bathroom. ???? Open-concept kitchen with pantry. ???? Indoor planter with plants and backyard garden with trellis. ???? Covered utility patio. ???? Upper Floor: ???? Master bedroom with walk-in closet and en suite bathroom. Covered balcony. ????? Two additional bedrooms with a shared bathroom.

Buying in Mexico as a foreigner

Yes, foreigners can buy property in Mexico.

Outside the restricted zone they may acquire directly, subject to applicable procedures. For residential purposes within the restricted zone, an authorized bank trust is commonly used.

Near coasts and borders
The Mexican Constitution establishes a restricted zone extending 100 km along borders and 50 km along coastlines.
Residency
Property investment of ~$220,000 USD (amount varies by exchange rate) can qualify you for Temporary Residency.
Taxes and closing costs
They depend on the state, the municipality and the property itself, so there is no single national figure. Ask the agent or our Concierge for an estimate on this home.
Financing
Financing for foreign buyers exists, but depends on the lender, residency, income, credit profile, down payment, location and property type.

How buying works

  1. Legal due diligence

    Verify ownership, deed, liens, land use, property tax, water accounts, condominium regime and applicable permits.

  2. Offer and contract

    Define price, currency, deposits, conditions, timelines and default consequences.

  3. Permit or trust

    Determine whether direct acquisition, a Foreign Affairs permit or a restricted-zone trust applies.

  4. Notarial closing

    The notary formalizes the transaction, calculates or withholds applicable charges and handles registry filing.

Read the full Mexico guideAsk our Concierge about this home

This information is general and educational. Legal, tax, immigration and purchase requirements may change and should be verified with a notary, attorney or authorized adviser in the state where the property is located. Research last reviewed July 2026.

Nearby Essentials

Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.

$288,468

Concierge