What is the cost to buy land or a lot in San Miguel de Allende

What land you could buy in the historic center of town would cost from around US $1,000 to $2,000 per square meter (US $93 to $185 per square foot) - over half a million to double that in US dollars for an eighth of an acre. Land within easy walking distance of the town’s center is selling for around US $400 to $800 per sq. meter (US $37 to twice as much per sq. ft.) depending on the exact location - or around US $200,000 to $400,000 for an eighth of an acre. 

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What land you could buy in the historic center of town would cost from around US $1,000 to $2,000 per square meter (US $93 to $185 per square foot) - over half a million to double that in US dollars for an eighth of an acre. Land within easy walking distance of the town’s center is selling for around US $400 to $800 per sq. meter (US $37 to twice as much per sq. ft.) depending on the exact location - or around US $200,000 to $400,000 for an eighth of an acre. 

 

Right now I know of a 481 sq. meter lot (about 1/8-acre) for sale for US $110,000 in a very upscale neighborhood on the hill above the historical “Centro”, about a 15 to 20-minute walk from San Miguel’s main plaza. 

 

On the edges of town there are options for around US $150 to $225 per sq. meter, and in outlying residential neighborhoods, like the area called Los Frailes where I would enjoy living, you can find great homesites of around 500 sq. meters (1/8-acre) homesites for around US $35,000 to $75,000.  

 

(Pictured: view from Rinconada lot.)

The cost to buy land in San Miguel de Allende varies a lot. If you want to be in the historic center of San Miguel de Allende you could end up paying up to US $1,500 to $2,000 per square meter ($140 to $185 per square foot; $1.5 million to over $2 million per quarter acre) of land and with a lot of restrictions because you might end up having a historic building on top of that land. If that were the case then there would be a lot of restrictions with what you can do with the...

The cost to buy land in San Miguel de Allende varies a lot. If you want to be in the historic center of San Miguel de Allende you could end up paying up to US $1,500 to $2,000 per square meter ($140 to $185 per square foot; $1.5 million to over $2 million per quarter acre) of land and with a lot of restrictions because you might end up having a historic building on top of that land. If that were the case then there would be a lot of restrictions with what you can do with the construction and how you have to protect it.

 

As you go out to different neighborhoods inside of the city, the prices start dropping to $600 per square meter (about $600,000 per quarter acre) all the way down to $100 per square meter (about $100,000 for a quarter acre).

 

If you start going out to the country, there are incredible gated communities where you would pay $70 to $100 per square meter (about $70,000 to $100,000 per quarter acre) and you would get a larger piece of land. If you want to buy in the Mexican communities that are outside of the city but still inside the municipality, and buy land and be out by yourself, you can find land that would cost $10 to $20 per square meter (about $10,000 t0 $20,000 for a quarter of an acre).  

 

(Lot with view of San Miguel de Allende, Mexico, pictured.)

The lot that I bought in 2007 was not very big, and it cost US $27,000. It had a house with two bedrooms, one and a half baths, a laundry room and a garage on it, and it was fully gated and had 16-foot walls. It was a residential area that was on a dirt road, 10 minutes from the Fabrica Aurora, which is within a few kilometers of the town center. 

 

I couldn’t afford to buy a lot in Centro. You could buy a ruin and then renovate it, but there...

The lot that I bought in 2007 was not very big, and it cost US $27,000. It had a house with two bedrooms, one and a half baths, a laundry room and a garage on it, and it was fully gated and had 16-foot walls. It was a residential area that was on a dirt road, 10 minutes from the Fabrica Aurora, which is within a few kilometers of the town center. 

 

I couldn’t afford to buy a lot in Centro. You could buy a ruin and then renovate it, but there weren’t any empty lots in town. Just outside of town, however, a 10-minute walk for example, there are several lots that one could buy. 

 

In a nearby area to where I currently live, there are several gated communities being developed and lots being sold, and many of the lots are going for anywhere from US $50,000 – US $75,000. These are nice, big sized lots, and are in a gate-guarded, planned community.

 

(Lot in gated community, San Miguel de Allende, Mexico, pictured.)

Land or lots in the absolute prime area of Centro San Miguel de Allende are certainly limited quantity. The cost of land in the best parts of Centro San Miguel de Allende is US $120-$150 per square foot. Most of the lots in San Miguel de Allende are 2,500 square foot, which is very small by American standards, and would cost at least $300,000 to $400,000. If you want to have a substantial sized house, you need to do vertical construction because your urban lot is in the middle of...

Land or lots in the absolute prime area of Centro San Miguel de Allende are certainly limited quantity. The cost of land in the best parts of Centro San Miguel de Allende is US $120-$150 per square foot. Most of the lots in San Miguel de Allende are 2,500 square foot, which is very small by American standards, and would cost at least $300,000 to $400,000. If you want to have a substantial sized house, you need to do vertical construction because your urban lot is in the middle of town, and with some exceptions, generally speaking you're talking about 250-300 square meter (2,600-3,200 square foot) lots.

 

The same 2,500 square foot lot in places that are 20-minute walk from Centro, would cost $150,000 or less. The average lot size in my neighborhood, for example, is 2,500 square feet and the typical asking price is $100,000 to $120,000. This lot pricing also applies to a number of areas that are not in the center of town that would still be considered desirable. Out here in Ventanas de San Miguel, our smallest lot size is around 3,000 sq ft. and the starting price is $100,000 for lots that don't really join the golf course itself, but are still part of the gated community. Ventanas de San Miguel is over a mile from the Parroquia (the main church in the center of San Miguel de Allende). So depending on which part of Centro, San Miguel de Allende the lot is located, the price of premium lots is at least double and in some instances could almost be triple. If you get a lot that is a mile or two outside of Centro San Miguel de Allende, the cost would be substantially less.

 

Here in Ventanas de San Miguel, there are some really nice areas that have bigger properties and more land, wherein you can get to the heart of Centro San Miguel de Allende in five minutes or a 25-30 minute walk from here. We have a shuttle that takes people in and out of town, which is nice as far as not having parking issues.

 

What's interesting with San Miguel de Allende is that it's not like a bigger city where the vibe or property values change when you go a few miles away from town. In San Miguel de Allende, a couple blocks can make an enormous amount of difference as far as price goes for lots.

 

(Lots available in Los Ventanas de San Miguel, San Miguel de Allende, Mexico, pictured.)

Readers, you will find San Miguel de Allende to be like much of Europe: land within the most popular areas of this 475 year old city remains rare and becomes increasingly costly, meaning lots tend to be small and homes tend to be vertical.  Speaking to you as a Realtor, I can share that our record price so far for land in the historic Centro has been $2,000 USD per square meter (about $2 million for a quarter of an acre) but of course prices become more affordable the further...

Readers, you will find San Miguel de Allende to be like much of Europe: land within the most popular areas of this 475 year old city remains rare and becomes increasingly costly, meaning lots tend to be small and homes tend to be vertical.  Speaking to you as a Realtor, I can share that our record price so far for land in the historic Centro has been $2,000 USD per square meter (about $2 million for a quarter of an acre) but of course prices become more affordable the further from Centro you look (it’s the old supply and demand equation, everyone wants to be in Centro!).

 

Land in areas of town that would still be considered safe neighborhoods can run as low as $250 USD per square meter (about $250,000 for a quarter of an acre) , allowing you to buy a larger lot like the one shown here and have grand gardens and a pool.

 

If you’re looking for a lot to build a home, work with a Realtor that can steer you to the right neighborhood for your specific budget.