Auction Details:

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Lot Details:

Location of Lot: Subdivision of "Tanquila". 30km south of Mahahual and 30km north of Xcalak.

Lot Size: 20mt beachfront x 71mt - 75mt depth.

Location of Beach Road: On the federal zone limit.

Hopefully, the Bidder will have already have knowledge of the area so they will know that there is a plan in place with the government to develop this area (around Tanquila). Good investment value.

This area of oceanfront is reef-protected and has many tall palms trees which show the benefits of this protection. Fishing and snorkeling/diving is EXCELLENT in the waters in front of this lot.

Compare "Comps" of Other Properties in the Area:

There are other properties for sale at the moment in the same area/subdivision:

• $140,000usd - There are two listings for this price and one is adjacent to this property. Similar size of property and quality of beach. http://www.costamayaliving.com/Listing00146.html and Listing # 00211.
• $275,000 - This is two properties of 20mt each. One has a structure on it. http://www.costamayaliving.com/Listing00209.html

Current Ownership of the Property :

The current owners are American/Canadian who own other properties in the area...both in Costa Maya and near Merida. Clear title. This is not the same as buying property from a local fisherman.

Bidding Procedure:

Reserve Price: $115,000usd

Minimum Bid Increment: $1,000 increments

End of Auction: Saturday, April 25, 2009 - 8:00pm Central