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| $77,900.00 US 28,000+ Sq. Ft. Building Parcel Rio Lagartos, Pearl of the Yucatan Coast Steps from the Water Front, the boardwalk, and Rio's famous easy access to some of the most incredible natural wonders the Yucatan has to offer. All 2 hours or less to Merida! Huge potential at 2614m2, or approximately .65 acres! City water and electrical already in and only awaiting new meters. Solid stone, six plus meter high, existing security wall included. This wall is 14-16 inches thick on top of a deep foundation which has withstood several major hurricanes over many years. This stone wall would cost 30-40% more than a simple cinder block replacement (which degrades quickly in the salty environment without proper finish and maintenance) and at today's prices we have received estimates for pure (unfinished) cinder block for from $15K - $18,000.00 US. Therefore, our estimated value for the existing stone security wall, by itself, is between $19,500 and $25,200.00. In this case though you are already "Good to go", and... our sellers are motivated! |
| Click on any photo to enlarge |
Sunrise
Sunset
| It just doesn't get any better than this.... |
The Basics
Building Permits: As of now, there are no building permits required, no plans to be submitted and
approved, no building inspectors, and no one telling you what you can and...cannot build. Period.
Property Taxes: Annual taxes on this property are probably running from between $250 and $350
PESOS per year. If you subdivide the property into smaller parcels, each parcel should have about the same tax
base as the entire lot does now or slightly less. Our single family house, sold a year ago, had an annual property
tax of $107 PESOS per year, for example.
Water: City water, already to the lot, runs about $55 pesos bi-monthly or approximately $260.00 PESOS
annually per dwelling.
Electricity: Electricity in rural areas runs far less expensive than in larger urban centers such as
Merida or Cancun. In fact, in the 3 years we had our house in Rio, we never exceeded the bi-monthly fee of $55
PESOS to stay connected. Granted, if you were to live there full time, using appliances and air-conditioners 4-5
months per year, etc, you can count on exceeding our fantastically low fees by some reasonable margin.
That said, we now own a ranch near Rio and have 3 separate meters and 3 phase electricity for irrigation, 3
wells, two large pumps, an 18,000BTU AC in the main house, in use 8 months per year, floor and ceiling fans,
and of course use power to live with, run other equipment and appliances, as well as power up the vaquero's
cottage. Nevertheless, in the year we have been on the ranch, our electrical bills have averaged between $120
and $140 PESOS ...every other month... and so, compared to our home in Merida, where we spend little time, but
nevertheless are charged $1800-$2200 PESOS bi-monthly, we feel that you can expect the same or similar rates
in Rio as we receive nearby at the rancho, but in any case, certainly far less than you would expect to pay in
Merida!
Rubbish Hauling: The City provides almost daily trash pick-up. There are no regular or set fees but
the general "Donation" to the folks that perform this important service seems to be about $10 Pesos per week,
per household, when you are in town. If you have very little to put out or happen to miss the team going round for
the pick-up, no one seems terribly concerned and you can always estimate your contribution later. Go figure!
Highest and Best Use?
Rio Lagartos is generally a pretty laid back place. It is after all, a still "live and well" fishing community,
although currently getting a boost from it's growing reputation as a wonderful and accessible Eco-Tourism
destination. It will never be a Cancun, or even (We hope!) a Progreso, beach venue with all of the traffic, crowds,
and nightlife that many , especially younger, tourists flock to Mexico for. Nevertheless, the numbers of visitors
are increasing dramatically and annually and therefore demand for rental and real estate sales is also out
pacing by far the current availability of accommodation, especially on the sales side.
Your Market: We believe your market will be, for the most part, middle to upper middle class families,
or co-op ownership among friends, although because of the opportunities and access to Nature, especially with
the Sports Fishing, Diving, Birding, and Photography enthusiasts, you also get quite an influx of folks who
prefer Rio although they could easily afford significantly more expensive and better known venues. In other
words, prices here are still very low, which is a plus, and your demographics are likely to be as described above,
although from an economic perspective, it seems fairly wide open in terms of your potential clients.
Naturally, we will leave development decisions up to our buyer/investors, however, given the info above and some
initial design and calculations we have sketched out, we might suggest a couple of potential options in terms of
an efficient and profitable use of this high-potential property.
1). Six free-standing, 2-story homes (approximate 30 Ft. Deep by 45 Ft wide), each with a car port on one side
and a small private garden on the other and behind each house. Each would ideally have a spacious roof-top deck
with palm-thatched, "palapa" patio roof for shade and entertaining. Obviously the house foot print could be
scaled down reducing costs while allowing for more open,and green space. Each house, by the way, should have
sea and/or river views and breezes from the 2nd floor and breezes with 360 degree views from the generous 3rd
floor roof-top decks/patios.
2) Six 2-story duplexes (12 total units, 30 Ft deep by 45 Ft. wide) with a shared 3rd floor patio roof-top deck.
Each unit would have its own access to the roof -top deck which, even if divided equally , would be substantial in
size at roughly 22.5 Ft wide by 30 Ft. deep. Palapas, perhaps a partially screened porch, and plenty of room left
over for sunning, a small garden area, and places to hang your hammocks.
The 12 unit version would offer a second optional carport instead of the side-yard included with the single
family unit. More back garden space could be gained by reducing the depth of the house.
Plan #1 and #2 include a circular drive from the shared/gated entrance, in the center of which a recreational area
could be included for communal use. This might include a sand-lot volleyball court and/or a swimming pool with
pool-side refreshment venue and club-house.
Ownership would be fee-simple for each individual living unit with shares deeded to each owner/buyer to include
the communal areas.
Please see our Construction and Management pages for further information regarding Yucatan
Builders and our availability to assist our buyers in all phases of design, construction, and
maintenance of these and any other projects.
Thank you for your interest. We look forward to being of service to you!
Building Permits: As of now, there are no building permits required, no plans to be submitted and
approved, no building inspectors, and no one telling you what you can and...cannot build. Period.
Property Taxes: Annual taxes on this property are probably running from between $250 and $350
PESOS per year. If you subdivide the property into smaller parcels, each parcel should have about the same tax
base as the entire lot does now or slightly less. Our single family house, sold a year ago, had an annual property
tax of $107 PESOS per year, for example.
Water: City water, already to the lot, runs about $55 pesos bi-monthly or approximately $260.00 PESOS
annually per dwelling.
Electricity: Electricity in rural areas runs far less expensive than in larger urban centers such as
Merida or Cancun. In fact, in the 3 years we had our house in Rio, we never exceeded the bi-monthly fee of $55
PESOS to stay connected. Granted, if you were to live there full time, using appliances and air-conditioners 4-5
months per year, etc, you can count on exceeding our fantastically low fees by some reasonable margin.
That said, we now own a ranch near Rio and have 3 separate meters and 3 phase electricity for irrigation, 3
wells, two large pumps, an 18,000BTU AC in the main house, in use 8 months per year, floor and ceiling fans,
and of course use power to live with, run other equipment and appliances, as well as power up the vaquero's
cottage. Nevertheless, in the year we have been on the ranch, our electrical bills have averaged between $120
and $140 PESOS ...every other month... and so, compared to our home in Merida, where we spend little time, but
nevertheless are charged $1800-$2200 PESOS bi-monthly, we feel that you can expect the same or similar rates
in Rio as we receive nearby at the rancho, but in any case, certainly far less than you would expect to pay in
Merida!
Rubbish Hauling: The City provides almost daily trash pick-up. There are no regular or set fees but
the general "Donation" to the folks that perform this important service seems to be about $10 Pesos per week,
per household, when you are in town. If you have very little to put out or happen to miss the team going round for
the pick-up, no one seems terribly concerned and you can always estimate your contribution later. Go figure!
Highest and Best Use?
Rio Lagartos is generally a pretty laid back place. It is after all, a still "live and well" fishing community,
although currently getting a boost from it's growing reputation as a wonderful and accessible Eco-Tourism
destination. It will never be a Cancun, or even (We hope!) a Progreso, beach venue with all of the traffic, crowds,
and nightlife that many , especially younger, tourists flock to Mexico for. Nevertheless, the numbers of visitors
are increasing dramatically and annually and therefore demand for rental and real estate sales is also out
pacing by far the current availability of accommodation, especially on the sales side.
Your Market: We believe your market will be, for the most part, middle to upper middle class families,
or co-op ownership among friends, although because of the opportunities and access to Nature, especially with
the Sports Fishing, Diving, Birding, and Photography enthusiasts, you also get quite an influx of folks who
prefer Rio although they could easily afford significantly more expensive and better known venues. In other
words, prices here are still very low, which is a plus, and your demographics are likely to be as described above,
although from an economic perspective, it seems fairly wide open in terms of your potential clients.
Naturally, we will leave development decisions up to our buyer/investors, however, given the info above and some
initial design and calculations we have sketched out, we might suggest a couple of potential options in terms of
an efficient and profitable use of this high-potential property.
1). Six free-standing, 2-story homes (approximate 30 Ft. Deep by 45 Ft wide), each with a car port on one side
and a small private garden on the other and behind each house. Each would ideally have a spacious roof-top deck
with palm-thatched, "palapa" patio roof for shade and entertaining. Obviously the house foot print could be
scaled down reducing costs while allowing for more open,and green space. Each house, by the way, should have
sea and/or river views and breezes from the 2nd floor and breezes with 360 degree views from the generous 3rd
floor roof-top decks/patios.
2) Six 2-story duplexes (12 total units, 30 Ft deep by 45 Ft. wide) with a shared 3rd floor patio roof-top deck.
Each unit would have its own access to the roof -top deck which, even if divided equally , would be substantial in
size at roughly 22.5 Ft wide by 30 Ft. deep. Palapas, perhaps a partially screened porch, and plenty of room left
over for sunning, a small garden area, and places to hang your hammocks.
The 12 unit version would offer a second optional carport instead of the side-yard included with the single
family unit. More back garden space could be gained by reducing the depth of the house.
Plan #1 and #2 include a circular drive from the shared/gated entrance, in the center of which a recreational area
could be included for communal use. This might include a sand-lot volleyball court and/or a swimming pool with
pool-side refreshment venue and club-house.
Ownership would be fee-simple for each individual living unit with shares deeded to each owner/buyer to include
the communal areas.
Please see our Construction and Management pages for further information regarding Yucatan
Builders and our availability to assist our buyers in all phases of design, construction, and
maintenance of these and any other projects.
Thank you for your interest. We look forward to being of service to you!
| Ready to Build on! |
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