Land Purchased with an Infonavit Loan
$22,555≈ MX$420,000
- 1,507 sq ftLot area
About this home
It is located within the Palma Sur neighborhood, in the development known as Idóneo, in the city of Mérida, Yucatán. It is situated between Calle 45 and Calle 57-A The development consists of residential lots with an area of 140 m² (7.00 m frontage by 20.00 m depth) It stands out for its strategic location, approximately a 7-minute drive from Mérida International Airport, one of the area’s major landmarks and a key factor in the area’s property value appreciation. Its proximity to the airport makes the area highly attractive, and with limited land availability, demand among the local population is high. Fully developed, these are the last few blocks in the Palma Sur neighborhood; beyond this point, no more land will be available in Palma Sur.
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.
$22,555
