Mexico International Real Estate · Mérida
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Calle 66 Fixer – Great Santa Lucia – Santiago Location

Fixer Upper Colonial Home for Sale in Mérida Centro – Santa Lucía / Santiago Location with Pool Potential

2 beds2 baths224 m² lotColonial homeMérida Centro

Highlights

  • Location: Mérida Centro (Santa Lucía / Santiago)
  • Best For: Renovation project, investment, custom home
  • Investors seeking a renovation project in Mérida Centro
  • Buyers wanting to design a custom colonial home
  • Developers targeting resale or rental property
  • Buyers looking for lower entry price with upside
  • Walkability to restaurants, cafés, and cultural attractions

This colonial fixer-upper in Mérida Centro presents a strong opportunity to acquire a well-located property with renovation upside in one of the city’s most desirable neighborhoods.

Situated in the Santa Lucía / Santiago area, the home is positioned within walking distance of restaurants, parks, and cultural attractions, making it ideal for buyers seeking both lifestyle appeal and long-term investment value.

With original architectural elements and a deep lot, the property offers a flexible canvas for renovation, expansion, or redesign.

From an investment standpoint, this property stands out due to:

Centro properties in Santa Lucía / Santiago continue to appreciate due to:


👉 This is best positioned as a value-add renovation project with upside potential.

The Santa Lucía / Santiago corridor is one of the most desirable areas in Mérida Centro because of:

👉 Location is one of the primary drivers of both resale value and rental demand.

👉 The depth of the lot allows for creative architectural solutions uncommon in narrower Centro homes.


What makes this property compelling is the combination of:

👉 It fits perfectly into a “buy, renovate, and add value” strategy.

👉 Proper planning is key to maximizing return.

Yes, the property requires renovation but has solid structure and original features.


Yes, there is backyard space suitable for a pool and garden.

Yes, the property has clear title and utilities connected.

Yes, properties in this location with renovation potential often perform well after upgrades.

For more information or a private tour contact Colm – colmyucatan@gmail.com / cell – press 9991696430 or Mitch – miguelsmexico@gmail.com Office: (999) 920 6856

Specifications

Bedrooms2
Bathrooms2
Lot area224 m² (2,411 sq ft)
Lot dimensions5.35 × 38.55 m
Property typeColonial home
AreaMérida Centro
Listing code006536

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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Ask about 006536.

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