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Street
$/m²
US$1,114
MLS
00-41088
Description
In the heart of San Pancho this unique lot sits across from the town park on Avenida Tercer Mundo, it also has access to Calle Africa, giving this property many options for development. It is located in the Mixed Use CRU zoning area of San Pancho, adding to the versatility of development potential. The correct size of the lot is 749 square meters, which is sufficient for a boutique hotel or small condo development with commercial frontage. The asking price is in pesos $18,000,000 MXN, so the USD price listed will vary, offers should be made in MXN pesos. Bare land sold As Is.
Listing courtesy of Pacifico Property Group · Lucas Daniels. Data from Vallarta-Nayarit MLS.
Is this a good price?
▼ 74% below the San Pancho medianUS$6/m²Area rangeUS$7,459/m²
Best valueMedian US$4,213/m²Premium
This property is priced at US$1,114/m².
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Estimated gross rental income
US$78,000–US$117,000 / year (8–12% gross yield — varies by season & occupancy)
Location & what's nearby
Approximate drive times from this property.
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Airport (PVR)
~50 min · 29 km
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Marina Vallarta
~52 min · 31 km
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Downtown / Malecón
~64 min · 37 km
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Old Town
~65 min · 38 km
What's nearby in San Pancho
The lifestyle around this property.
- 🏖️Riviera Nayarit beaches
- ⛳World-class golf on the bay
- ✈️Near Puerto Vallarta airport
Financing & what actually matters
How buyers — including foreigners — finance and own real estate in Mexico. Figures are typical ranges; your HOMIA advisor confirms your exact case.
Ways to finance
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Payment plans (pre-construction only)
NEW / pre-construction developments often offer direct plans (down payment + monthly during construction). Resales are usually cash or mortgage. Ask us whether this property qualifies.
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Cross-border mortgage (US/CA)
U.S. and Canadian buyers can finance through cross-border lenders: typically 30–50% down and 15–25 year terms.
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All-cash or retirement funds
Most buyers pay cash. It's also possible to use self-directed retirement accounts (SDIRA) to invest in Mexican real estate.
Good to know
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Bank trust (fideicomiso)
Foreigners buy in the coastal zone through a bank trust with full ownership rights (sell, rent, inherit). Approx. $500–800 USD/year.
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Closing costs 5–8%
Closing costs run about 5–8% of the price (acquisition tax, notary, registry and trust setup).
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Very low property tax
Annual property tax in Mexico is a fraction of the U.S./Canada — often just a few hundred dollars per year.
