House for sale in Colonial Mérida, in need of restoration, with a large lot
$670,360≈ MX$12,500,000
- 16Bedrooms
- 2Bathrooms
- 14,047 sq ftLot area
- 3Parking spaces
About this home
Discover a spectacular corner home in the iconic García Ginerés neighborhood, a true architectural gem dating back to 1933. Its prime location—just one block from the iconic Avenida Colón and at the entrance to the hotel zone—makes it a unique opportunity. This property, ready to be remodeled and customized to your taste, retains valuable original features, such as its high ceilings and solid masonry walls. Enjoy spacious bedrooms and a large garden with the potential to create unique outdoor spaces. Located in one of the most iconic areas of the city of Mérida, in the Colonia García Gineres neighborhood, surrounded by hotels, boutique hotels, restaurants, and hospitals, just steps away from major avenues such as Avenida Colón and Paseo de Montejo, the International Convention Center, and with easy access to Mérida’s historic center. Layout: -Covered garage for 4 cars. -Living room. -Dining room. -Kitchen. -Master bedroom with walk-in closet. -Second bedroom with walk-in closet. -Bedrooms 3 and 4 do not have walk-in closets. -2 full bathrooms. -Maid’s quarters with bathroom. -Garden -Terrace. *Availability and price subject to change without prior notice. Updated monthly—please verify with your advisor. **The listed price does not include notary fees, taxes, loan application fees, appraisals, maintenance fees, or any other administrative expenses incurred to complete the sale. ** The total price will be determined based on the variable amounts of loan and notary fees. Real experience, no shortcuts. No fine print, no broken promises—just a clear and honest process. Availability and price subject to change without prior notice. Updated monthly; please check with your advisor. The published price does not include notary fees, taxes, loan application fees, appraisals, maintenance fees, or any other administrative expenses incurred during the sale transaction. The total price will be determined based on variable loan and notary fees, which must be consulted with the relevant developers, in accordance with the provisions of NOM-247-SE-2021.
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.
Amenities
Outdoor & Recreation
- Garden
- Terrace
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$670,360
