Itzimná

Itzimná is one of Mérida's most gracious traditional residential colonias, a leafy grid of mid-century and colonial-style homes on generous lots, just northeast of Centro and a short hop from Paseo de Montejo. It offers shade, space and a settled, local character that draws buyers wanting authentic in-town living rather than the modern north or the tourist core. For investors, Itzimná is a character-and-stability play. Renovated homes and the occasional boutique condo attract both long-term residents and quality-seeking short-let guests, with the central location supporting steady demand. Mérida-wide gross yields run 6-8%. The case is well-located, leafy, character real estate with renovation upside; the trade-offs are larger older homes (with restoration costs) and thinner new-build supply. Peso-denominated.

Itzimná in Mérida, Yucatán, Mexico