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Progreso Real Estate for Sale, near Mérida
Marina and beachfront apartments at Yucalpetén, the resort marina on the Gulf coast thirty five minutes north of Mérida.
Progreso
Search our current listings in this area, with photography, prices, sizes and full detail on every property.
View all propertiesProgreso is the port and beach town of Mérida, thirty five minutes north of the city on the Gulf of Mexico, and Yucalpetén is its harbour: the sheltered water where the fishing fleet, the navy and the marina all sit behind a long breakwater. Our listings here are the apartments and penthouses at Yucalpetén Resort Marina, the first master planned marina resort on this coast.
What it is like
The Gulf coast of Yucatán is a different proposition from the Caribbean. The water is calmer and shallower, the beach at Progreso runs for miles, and the town has been the summer escape for Mérida families for a century. What has changed is the city behind it. Mérida is now consistently ranked the safest large city in Mexico, its airport has direct flights to Houston, Miami and Mexico City, and the money that has poured into its restored colonial centre over the last decade has started looking for the sea.
Yucalpetén Resort Marina is that money’s first serious address on the water. SIMCA Desarrollos, which has delivered more than two thousand apartments across the Yucatán, is building four residential towers, twenty five beachfront villas, a private beach club on five hundred metres of sand, a marina with a yacht club, and a 750 metre private pier. The first two towers are finished and handing over. The third is selling off plan.
What is for sale
Seven listings covering eleven apartments, from a two bedroom with a den at around $641,000 USD to a four bedroom penthouse with its own rooftop solarium at around $1,406,000. Every apartment looks at either the marina or the open Gulf, every penthouse carries a private roof terrace, and the developer prices in pesos, which each page states.
Who it suits
Buyers who want the sea with Mérida’s security, healthcare and connections half an hour away, boat owners who want a slip and an apartment in the same gate, and anyone who has watched the Caribbean coast for a decade and wants the same idea earlier in its life.
What to watch
The Gulf is not the Caribbean: expect green water rather than turquoise, seaweed seasons, and a nortes wind in winter. Delivery dates for the pre-sale tower are not yet published. 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.
Progreso
The draw
- The first master planned marina resort on the Yucatán Gulf coast
- Thirty five minutes from Mérida, the safest large city in Mexico
- Two towers finished and handing over, a third selling off plan
What you get
- Apartments and penthouses with marina or Gulf views
- Private rooftop solariums on every penthouse
- From around $641,000 USD to $1,406,000 USD
On the doorstep
- A private beach club on five hundred metres of sand
- A marina with a yacht club, dry storage and a sailing club
- A 750 metre private pier over a natural pool
Getting around
- Mérida international airport in about forty minutes
- Direct flights to Houston, Miami and Mexico City
- The Mérida to Progreso highway runs straight to the gate
Yucalpetén | 4 Bedroom and Den Penthouse in Progreso, near 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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