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house to renovate or for commercial use

Mérida, Yucatán, México

$429,689≈ MX$8,000,000

For Sale
  • 4Bedrooms
  • 18,837 sq ftLot area

About this home

House on a corner lot on Avenida Zona Oriente; it has a 20-meter frontage on the avenue and an 83-meter depth, totaling 1,750 m² of irregularly shaped land with a perimeter fence; 500 m² of floor space with masonry walls and cement floors; It features 4 bedrooms, 2 spacious bathrooms, a kitchen, and 2 wide hallways, as well as a large patio with local fruit trees and a hand-dug well. ***Legal Notice: Prices and availability are subject to change without prior notice. The sale price does not include notary fees, taxes, or duties. For rentals, it does not include brokerage fees or maintenance costs (unless otherwise indicated). Images are for illustrative purposes only. Transaction conducted in accordance with NOM-247-SE-2021 guidelines.

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.

Nearby Essentials

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

$429,689

Concierge