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Mérida Real Estate for Sale, Yucatán
New build apartments, hotel operated suites and Yucatán Country Club lots in the north of Mérida, the safest large city in Mexico.
Mérida
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Mérida is the capital of Yucatán and, by most measures, the safest large city in Mexico: a colonial centre restored street by street over the last decade, a northern half of new avenues, lifestyle malls, hospitals and universities, and an airport with direct flights to Houston, Miami, Dallas and Mexico City. Our listings here are new build apartments, hotel operated suites and residential lots in the three places the city is growing: Vía Montejo, Altabrisa and the Yucatán Country Club.
What it is like
Mérida does not sell the sea. It sells a city that works, a climate that is hot and dry rather than humid, and a quality of life that Mexican families from Monterrey, Guadalajara and Mexico City have been buying into steadily for fifteen years. The north of the city is where that money lands: The Harbor and La Isla malls, the American consulate, the Star Médica and Faro del Mayab hospitals, and the Anáhuac Mayab university all sit within a few kilometres of each other, and the new residential towers and gated communities have grown up around them.
Inmobilia, the developer behind two of the three projects listed here, is the largest premium developer in the southeast, with Yucatán Country Club, Vía Montejo, Country Towers and Paseo Country in its portfolio and more than sixty projects delivered.
What is for sale
Apartments from a loft at around $188,000 USD to a three bedroom at around $659,000 USD at Torre Mitos in Vía Montejo, hotel operated studio suites at Country Tower Suites in Altabrisa from around $212,000 USD, and Signature lots of 450 to 704 square metres inside the Yucatán Country Club from around $277,000 USD. The developers price in pesos, which each page states.
Who it suits
Buyers who want a Mexican city rather than a resort, families relocating for the schools and the hospitals, golfers who want a Jack Nicklaus course at the bottom of the garden, and investors who want the long term rental market of a growing state capital rather than the short term market of the coast.
What to watch
Mérida is forty minutes from the nearest beach at Progreso and the summer is hot. Delivery dates for Torre Mitos and Country Tower Suites have not been published by the developer. Prices are in pesos, so the dollar figures on these pages move with the exchange rate.
The figures on this page are asking prices from our own current listings. They are not closed transactions and they are not comparables.
Mérida
The draw
- The safest large city in Mexico, with a restored colonial centre
- Direct flights to Houston, Miami, Dallas and Mexico City
- Hospitals, universities and malls in the north of the city, where the new stock is
What you get
- Apartments in a 19 storey tower at Vía Montejo, from a loft to a three bedroom
- Hotel operated suites in Altabrisa with a rental pool option
- Residential lots inside the Yucatán Country Club
On the doorstep
- The Jack Nicklaus Signature El Jaguar golf course
- The Harbor and La Isla lifestyle malls
- Progreso and the Gulf coast forty minutes north
Getting around
- Mérida international airport in twenty five minutes from the north of the city
- The Mérida to Progreso highway from Vía Montejo
- Cancún three and a half hours by road
Torre Mitos | 2 Bedroom Apartment in Vía Montejo, Mérida
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Frequently Asked Questions
Find answers to the most common questions about our properties, services, and buying process. If you need more help, feel free to reach out to us
Yes. Foreigners can own property in Mexico via a “fideicomiso”: a trust with a Mexican bank facilitated by a notary. The bank acts as a trustee and follows instructions from the property owner. Via this arrangement, foreigners can have all rights to use, occupy, lease, build, improve, and sell their property. On average, it takes 60 to 90 days to complete a property purchase. Tulum Land & Property works closely with a trusted team of lawyers and notaries who ensure that all legal processes proceed smoothly. Another way of owning property in Mexico is by creating a Mexican corporation. This is recommended when investors plan to own several properties.
Most pre-construction properties require a refundable deposit of $5,000 USD to secure the unit. Our properties are in high demand so this deposit secures the unit while contracts are drafted. Typically buyers make a down payment of 30% but larger down payments lead to larger discounts. The rest of the payments are made according to negotiable payment plans spreading the cost over the construction time, allowing investors to enjoy better liquidity before delivery.
It depends on the property, the street, how it is furnished and how it is run, so we do not quote a single return figure for any market. Where we hold published short term rental data for an area, such as AirDNA's occupancy and nightly rate figures, it appears in the market data on that area's page, attributed to its source. Where a seller or developer supplies figures for a specific home, we tell you whose figures they are and suggest you verify them independently.
For foreigners investing in Mexico, the best way to obtain finance is to do so at home. In the US, you may take a Home Equity Loan or Home Equity Line of Credit (click here). Many pre-construction developments also offer payment plans that spread the cost over the construction period. Financing in Mexico is typically 8% to 9% plus fees and involves a lengthy process.
Closing costs are typically 7% of the property value. This includes the acquisition tax, recordation fee, certificate of no liens, municipal appraisal, legal and closing fees, and public notary fees. The yearly property tax in Mexico is typically 0.1% of the property value. HOA fees typically start from $2.5 USD per square meter per month depending on the amenities included. The cost of furniture and appliances must also be considered in your budget. Our team of experts can help you understand these costs, schedule a call with us to get started (click here).
To ensure a property has a clear title, conduct a title search through a reputable notary or legal professional. This process verifies that the seller has legal ownership and that there are no liens or encumbrances on the property. Working with experienced local professionals can help navigate this process.
Our markets are generally safe places to visit and to live. On Numbeo, whose crime index is built from residents' and visitors' own reports, Tulum currently scores lower than many large US cities, Miami among them. Like any busy tourist destination the region has occasional serious incidents, and these rarely involve visitors or residents going about their day. The usual travel precautions apply, as they would anywhere popular with visitors, and forums for first time travellers to Mexico carry plenty of practical advice on avoiding scams and petty theft.
Many of the condos and villas we sell come with amenities, depending on the location. Usual amenities include: pool, spa, rooftop, fitness and yoga centre, co-working space, etc.
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