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Majestic Spanish Colonial Renovation Opportunity

Asking Price: $340,000 USD  (Financing Available)

This property is one of the largest and most imposing properties in the centre of Merida, located just two blocks from the charming cobbled square of La Hermita de Santa Isabela. Merida is the capital of the Yucatan, a wonderful, safe, inexpensive community where expats and locals alike have come to enjoy the very high standard of living.

This property has been part restored--the structural parts are done, what is left is the decoration to suite your taste. Plans have been drawn up and construction permits are in place to create a beautiful home. Because of the large lot size, the potential for development is substantial--create condos, a hotel, or an incredible tropical garden.

The property boasts many original features, including the original pasta floor tiles, an enormous cistern that used to be used to capture rainwater and then sell it to the neighbors. There is a producing mango tree, and plenty of room for a pool.

The house could be finished to live in condition for $50,000, and pool and landscaping could be done for a total of $100,000. Full plans and budgets for the approved project are available to committed buyers.

We are open to the option of a portion of seller financing. We are also open to the idea of a property swap for properties of similar value.

About This Property

Category: Bed and Breakfasts Address: Merida Yucatan Mexico For Sale By: Owner Construction Year: 1800 Needs Renovating: Yes Area: 2,400 m2

Bedrooms: 4 Bathrooms: 4 Sleeps: 20 Stories: 1 Parking Spaces: 10

Features - Amenities

Balcony Terrace

Patio Enormous Cistern

Pictures  (click to view a larger image)

Contact - More Information

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