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House for Sale in Rio Altozano with a Basement

Retorno Paseo de los Gansos, Morelia, Michoacán, México

$411,808≈ MX$7,650,000

+ $27 / month HOA
For Sale
  • 5Bedrooms
  • 4Bathrooms
  • 1,722 sq ftLot area

About this home

Exclusive home available for PRE-SALE in the Rio Altozano neighborhood, featuring incredible panoramic VIEWS, just 20 meters from the guardhouse and 100 meters from the TEC roundabout???????????? For more info, call 4432068251 COMPLETE TOUR: Home with 275 m² of floor space spread across 3 levels, featuring residential-grade finishes and exclusive lighting details Ground Floor: Double-height living room Dining room Fully equipped kitchen with a spacious island Ground-floor bedroom Full bathroom Upper Level: 3 bedrooms, all with full bathrooms; the master bedroom features a large walk-in closet. Basement: Social lounge Bar area with granite countertop Terrace area with barbecue Half-bath Laundry room 10,000-liter water tank High-pressure solar water heater Water pressurizer Granite kitchen countertops, marble sinks Lot size: 160 m², 275 m² of floor area •Pre-sale price: $7,600,000

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.

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

Indoor & Comfort

  • Laundry Room

Outdoor & Recreation

  • BBQ Area

Security

  • Alarm System

Lifestyle

  • Pet Friendly

Nearby Essentials

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

$411,808

Concierge