Mexico International Real Estate · Mérida
Motivated seller

Huge Santiago Lot & Colonial

Colonial home in Mérida Centro

4 beds3 baths407 m² living930 m² lotColonial homeMérida Centro

Highlights

  • There are numerous storage rooms (bodegas) throughout the property and room to build
  • To see this property, contact Dr. Leroy Osmon 999-125-6196 or email: leroy.osmon@gmail.com

Huge classic colonial on a VERY large property (3 lots).

This is a very unique Santiago property. It is on a quiet street, within a few blocks of the Santiago market and it is huge! The 3 combined lots (in 1 escritura – deed) equal 930.66 m2 (10,017.54 square feet) and the construction is 407.28 m2 (4383.92 square feet).

The colonial house needs some renovation, however, it is NOT a complete renovation. There is an extremely large back yard that is bordered by a old stone wall. The original pool is above ground (common for the day) and is about 12 feet deep.

The main house has very tall ceilings and old tile floors. All of the doors are original and are cedar! The second “house” was a doctors office complete with exam room, office, reception, 2 workrooms where the doctor designed and made artificial legs for his patients! In the back of the “medical practice” building was a salon where the owner would relax and listen to 1940-50 popular music from Yucatan. The old LPs – both 78 and 33 – remain and can be seen in the photos.

more, including several casitas (guest houses).


Beautiful trees, including a very large peppercorn tree, fig, tamarind and several orange trees. The house is set back from the sidewalk to keep unwanted visitors from your front door!

The photos show the beautiful old colonial and all its history.

A property this size in Santiago is rare and will allow the new owner to do just about anything they want – live in a beautiful mansion, create a small hotel, create a very beautiful multi-use rental property.

This property is tied to a price of $8,480,000.00 MXN pesos and the US Dollar price will fluctuate as the daily exchange rate goes up and down. The price on this webpage is the price at the time of posting.

Specifications

Bedrooms4
Bathrooms3
Living area407 m² (4,381 sq ft)
Lot area930 m² (10,010 sq ft)
Lot dimensions13.5 × 57.2 m
Property typeColonial home
AreaMérida Centro
Listing code006116

What owning this actually involves

Mérida Centro is inside Mexico’s restricted zone, which runs 50 km inland from any coast. A foreign buyer here holds title through a fideicomiso — a Mexican bank trust in which you are the named beneficiary. It is not a lease: you can live in the property, rent it, remodel it, sell it and leave it to your heirs. The term is 50 years and it renews.

The purchase completes before a notario público, a state-appointed lawyer, and typically takes 30–60 days.

The fideicomiso explained →

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Enquire

Ask about 006116.

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