House Hunting in Uruguay: A Modern Ranch on 12 Acres for $390,000

This two bedroom, two-bathroom house sits on 12.4 acres outside the town of Pueblo Edén, Uruguay, about 25 miles north of the coastal resort of Punta del Este and 80 miles east of the nation’s capital, Montevideo.

Built in 2016 atop a hill, the 1,292-square-foot house offers panoramic views of Punta del Este and the Sierra de las Ánimas range. Federico Astigarraga, the architect who designed the home for his parents, said it was built with floor-to-ceiling windows and a large wooden deck to take advantage of “extraordinary views” in three directions. At more than 1,100 feet above sea level, one of the area’s highest elevations, “you have a feeling of floating above the land,” he said.

Made of concrete with steel framing, the house is clad in stone from the property, in a “reinterpretation of the history” of local buildings, Mr. Astigarraga said. Adjacent to the outside deck, which includes a 215-square-foot infinity pool, is a traditional asado, or stone barbecue and grill.

A gravel road leads through a pine-tree stand to a clearing where the house sits. Inside the front door, a glass-walled hallway separates the two en suite bedrooms from the open-plan common space, which includes living and dining areas and the kitchen.

In the living area, sliding-glass doors open to the deck and the pool. The wood-beamed ceilings are made from local pine, and the floors throughout are ceramic tile. A cast-concrete fireplace in the living room provides the primary source of heat, although the bedrooms have air-conditioning-and-heating units.

The kitchen has a Whirlpool refrigerator and a gas range that are not built-in but are negotiable, as is the furniture, said Juan Palacios, the managing director of Engel & Völkers Carrasco Montevideo, which has the listing.

The house is 10 miles from Pueblo Edén, which advertises itself as a “slow town,” with fewer than 100 residents, although its profile was raised in 2007 when Roberto Giordano, a well-known Argentine stylist, bought property there. The town has a square with Spanish-style architecture, and the area attracts visitors with its wineries and rustic accommodations.

“For a lot of foreigners who live in big cities, this is the type of house they’re looking for,” Mr. Palacios said, noting that the town is “close enough to take advantage of services” in Punta del Este and Montevideo.

Olenka Bethe, the managing director of Urban Heritage, a Montevideo developer and real estate agency, said the city’s historic area is “particularly attractive to foreigners who are interested in unique neo-Classical or Art Deco architecture they can’t afford in their own city.”

Distressed properties dating to the late 19th century, with original details like marble staircases, wrought iron and vaulted ceilings, can go for $600 to $800 a square meter ($56 to $74 a square foot), she said, but once they’re restored, they can be sold for as much as $1,800 a square meter ($167 a square foot).

Newer developments in coastal neighborhoods, she said, typically range from $2,000 to $4,500 a square meter ($186 to $418 a square foot).

But “my strong advice to any potential buyer is to have your own independent notaries,” Mr. Teuten said. And while a lawyer is not required, he said, hiring one can “make the process more understandable.”

A deposit of 10 percent is usually required at the contract signing, and transactions typically close within 30 to 60 days.

Sahred From Source link Real Estate

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