New York Times Focus On Jose Ignacio, Punta del Este Real Estate

This José Ignacio residence is currently listed at US$2.9 million. (Photo: New York Times)

The New York Times’ Great Homes & Destinations made the annual pilgrimage to Uruguay, and this year they wandered back to the beach. While last year’s featured property was a private estate in Garzon, this year Punta del Este takes center stage and the upscale oasis of Jose Ignacio to be specific.

The chosen property is a 4-bedroom residence designed by Argentine architect Guillermo Alonso situated on a 2.5 acre parcel complete with swimming pool and parrilla. Virginia C. McGuire describes the home’s rustic charm rising from the polished concrete floors.

“The great room has 20-foot ceilings and a wall of French doors that lead out to the terrace. The kitchen has an island with a cutting board made of reclaimed pine. The cabinets are also pine, and the 80-year-old porcelain farm sink was found in a nearby antique shop. The counters are of Carrara marble. Maid’s quarters are off the kitchen. The four bedrooms, two on each side of the great room, have exposed stone walls, French doors and en-suite bathrooms.”

McGuire consults with local brokers who confirm Jose Ignacio’s reputation as one of the most expensive markets in Uruguay ($370/SF and up), followed by trendy La Barra ($260/SF) and more affordable Punta del Este ($170/SF). As for who’s doing the buying, Argentines and Brazilians still rule the roost, but locals confirm “an increase in interest from farther afield: Europe, the United States and Australia.” (Full Story)

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