Multi-Unit Investment Property Near Paseo de Montejo

Montejo Gem presents a rare opportunity to acquire an established hospitality property in one of Mérida Centro’s most desirable locations. Positioned just steps from Paseo de Montejo, the property combines six independent residences, inviting outdoor spaces and the character of contemporary Mexican architecture within a private 879 m² compound.

The property consists of a two-bedroom main residence, a separate one-bedroom home and four independent one-bedroom apartments arranged around a beautiful central swimming pool. Altogether, it offers seven bedrooms, six private bathrooms and an additional full bathroom within the service area.

Warm chukum finishes, original pasta tiles, natural stone, decorative breeze-block walls and mature tropical landscaping give the property an unmistakably Yucatecan identity. Open-air corridors, private gardens and shaded terraces create a strong connection between the interiors and the surrounding outdoor spaces.

The main residence features two bedrooms opening onto an interior garden, a spacious living and dining area, a full bathroom, a cedar-appointed kitchen and a large tree-filled rear garden with a covered terrace. It also includes secure parking for two vehicles with a bidirectional electric gate.

The secondary residence offers an open living and dining area, one bedroom with a full bathroom and bathtub, a kitchen with breakfast bar and its own landscaped garden. Floor-to-ceiling aluminum-framed windows bring natural light into the home and connect it directly with the shared pool area.

The four apartments each include one bedroom, a full bathroom, a living and dining area, an equipped kitchen and private outdoor space. The upper-level apartments feature private terraces overlooking the pool, while the ground-floor units open onto private gardens and the common areas. One ground-floor apartment will be delivered in gray-shell condition, offering the new owner the opportunity to finish and customize it.

At the center of the property is a 6 x 5-meter chukum-finished swimming pool with a shallow sun shelf, filtration system and ambient lighting. The surrounding terraces, natural stone feature wall, tropical gardens and shaded lounge areas create an appealing setting for guests to relax.

A dedicated service area provides a full bathroom, large storage room, laundry area, drying space and room that could be used as a reception or guest waiting area. A separate access corridor allows visitors to enter the rental area without passing through the main residence.

According to information provided by the seller, the property currently operates successfully as a vacation rental business, with an average occupancy of approximately 85% over the past five years and a platform rating of 4.88 based on more than 600 guest reviews. Four units will be delivered furnished and equipped, allowing the established operation to continue with minimal interruption.

With additional areas offering potential for further horizontal or vertical development, Montejo Gem could continue as a vacation rental compound or evolve into a boutique hotel, executive-suite concept or luxury hospitality project.

PROPERTY FEATURES

• Six independent residential units
• Seven bedrooms
• Six private full bathrooms
• Additional full bathroom in the service area
• 879 m² of land
• 501 m² of construction
• 6 x 5-meter filtered swimming pool
• Four units delivered furnished and equipped
• Two-car garage with electric gate
• Twelve 550-watt solar panels
• High-speed Wi-Fi throughout the property
• Air conditioning and ceiling fans
• Security camera system
• 5,000-liter cistern
• Deep well and two drainage wells
• Pressurized water system
• Laundry and storage areas
• Space for a reception area
• Potential for additional construction

NEARBY LANDMARKS

• Paseo de Montejo: Steps away
• Calle 47 Gastronomic Corridor: Approximately four blocks
• Parque de Santa Ana: Approximately four blocks
• La Plancha Park: Approximately five blocks
• Restaurants, cafés, bars, supermarkets, banks and hospitals all nearby

*Linked to a MXN Peso listing price starting at $19,990,000.00 MXN*

Price is based on currency rates of exchange in effect at the time of uploading. Price is subject to change without prior notice due to currency fluctuation.

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To see this property contact us:

• Robert Slaats: 999 246 6555 or email at slaatsrobert@gmail.com
• Colm Cooney: 999 169 6430 or email colmyucatan@gmail.com

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