House in Santiago to Be Renovated in Mérida
$188,143≈ MX$3,500,000
- 2Bedrooms
- 2Bathrooms
- 3,029 sq ftLot area
- 1Parking spaces
About this home
UNIQUE OPPORTUNITY: Home with Airbnb Potential in the Heart of Santiago, Mérida THE BLANK CANVAS YOU’VE BEEN LOOKING FOR IN THE MOST SOUGHT-AFTER NEIGHBORHOOD! Discover the project the Mérida real estate market has been waiting for. We’re offering you a property with unmatched renovation potential located in the vibrant and highly sought-after Santiago neighborhood. This neighborhood is a magnet for foreign investors, renowned for its high profitability on platforms like Airbnb and for the charm of its restored colonial mansions. Key Project Details: * Premium Location: Heart of the Santiago neighborhood, an area with high tourist and cultural demand. * Total Area: 281 m² of Land | 229 m² of Building Space. * Ideal Dimensions: Ample space to design a garden and first-class social areas. * Layout Potential: * Ground Floor: Living Room, Dining Room, Open Kitchen (ideal for a modern design), 1 Bedroom. * Upper Floor: Master Bedroom with en suite bathroom and walk-in closet, TV Room, and Terrace. Advantages for Investors: 1. Resale and Rental Value: Since this is a “renovable” property, you can customize the design and finishes, maximizing resale value or daily tourist rental rates. 2. Strategic Location: Being in Santiago guarantees high tourist occupancy year-round. 3. Customized Design: The current layout provides the perfect foundation for creating a modern space with colonial accents, fully adapted to trends in the luxury and boutique market. Don’t miss the opportunity to invest in Santiago’s most profitable project! Contact us right now to schedule a tour and start designing your next successful investment in Mérida! - The areas and measurements provided are for illustrative purposes only and must be confirmed using the property tax bills and title deeds for each property. - Published prices and availability are subject to change without notice and should be verified with the real estate agency and the property owners. - The properties do not include furniture, structures, or items that are not permanently affixed. - The property price does not include notary fees, taxes, structural inspection reports, appraisals, etc. - If this property is purchased with a loan, financing costs are not included, and the price will vary based on the interest rates applicable to that loan. ExteriorCovered parking Garage Terrace General Storage room Studio Ground-floor bedroom Policies Pets allowed Recreation Multipurpose room
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
Legal due diligence
Verify ownership, deed, liens, land use, property tax, water accounts, condominium regime and applicable permits.
Offer and contract
Define price, currency, deposits, conditions, timelines and default consequences.
Permit or trust
Determine whether direct acquisition, a Foreign Affairs permit or a restricted-zone trust applies.
Notarial closing
The notary formalizes the transaction, calculates or withholds applicable charges and handles registry filing.
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.
$188,143
