Amazing lot for sale on Av. Tulum at the corner of Calle Contoy! C4020
$4,940,605≈ MX$92,000,000
- 46,215 sq ftLot area
About this home
This wonderful corner lot is considered one of the best areas in Cancún, thanks to its magnificent location along Tulum Avenue and at the corner of Contoy, where businesses thrive in this fantastic location with endless opportunities for high-value appreciation—a privileged area featuring shopping centers, hospitals, banks, business cooperative buildings, restaurants, and movie theaters—and just a 15-minute drive from the hotel zone. The airport is a 10-minute drive, and the Mérida highway exit is just 25 minutes away. This magnificent location is considered one of the most important avenues by major investors who had the vision to invest and plan a future for countless families seeking to live in this area of the highest social status. Spectacular lot for building a shopping plaza complex or a magnificent apartment building 5 to 8 stories tall. - Area: 4,293.48 m² - Land Use: Mixed-Use Primary Corridor - Maximum Height: 8 stories, with a floor-to-floor height of 3.5 meters. - Floor Area Ratio (FAR): 70% - Floor Space Index (FSI): FAR by level—5 on the ground floor / 3 on upper levels. - Total density: 107 units DAC C4020 Century 21 Caribbean Paradise
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.
$4,940,605
