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

📍 Overview

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.

📊 Property Snapshot

• Location: Mérida Centro (Santa Lucía / Santiago)
• Property Type: Colonial Fixer Upper
• Price: ~$199,900 USD
• Bedrooms: 2
• Bathrooms: 2
• Lot Size: ~224 m²
• Dimensions: ~5.35m x 38.55m
• Condition: Requires renovation
• Best For: Renovation project, investment, custom home

💰 Investment Summary

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

• Prime Centro location (high demand area)
• Deep lot with expansion potential
• Original features (pasta floors, stone walls)
• Competitive entry price for this neighborhood

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

• Limited inventory
• High demand from international buyers
• Strong rental market

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

👤 Who This Property May Suit

This property is ideal for:

• 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

📍 Why This Location Matters

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

• Walkability to restaurants, cafés, and cultural attractions
• Proximity to Paseo de Montejo
• Access to parks, markets, and daily services
• Strong appeal to international buyers

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

🏡 Property Features & Potential

Existing Features:

• Original pasta tile floors
• Stone walls (mampostería construction)
• City water and electricity connected
• Clear title

Development Potential:

• Backyard space suitable for a pool and garden
• Opportunity to reconfigure interior layout
• Potential for indoor-outdoor living design
• Ability to create a modern colonial residence

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

🌿 Lifestyle + Investment Appeal

What makes this property compelling is the combination of:

• Location (walkable Centro)
• Character (original colonial features)
• Flexibility (renovation potential)

This creates an opportunity to:

• Build a personalized residence
• Develop a rental-ready property
• Capture appreciation through renovation

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

⚠️ Practical Considerations

Buyers should evaluate:

• Full renovation budget and timeline
• Structural condition and architectural plans
• Contractor and permitting process
• Rental or resale strategy after renovation

👉 Proper planning is key to maximizing return.

❓ Frequently Asked Questions

Is this a full renovation project?
Yes, the property requires renovation but has solid structure and original features.

Can I add a pool?
Yes, there is backyard space suitable for a pool and garden.

Is the title clear?
Yes, the property has clear title and utilities connected.

Is this a good investment property?
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