3-Bedroom Apartment for Sale on Roosevelt
$220,217
- 3Bedrooms
- 1Bathrooms
- 834 sq ftLiving area
- 1,004 sq ftLot area
About this home
3-Bedroom Apartment in NOSTRUM ROOSEVELT – Ideal Investment Modern 3-bedroom apartment located in the Nostrum Roosevelt tower on the renowned Franklin D. Roosevelt Avenue, one of the areas with the highest rental demand in Punta del Este, ideal for both annual and short-term rentals. The unit features a living-dining room with an open kitchen, creating a functional and bright space, 3 bedrooms with built-in closets, a full bathroom, and a terrace, all with high-quality finishes and a contemporary design. It comes with pre-wiring for hot/cold air conditioning in the living room and bedroom, wood-look vinyl flooring, aluminum windows with built-in roller shades, and an electronic lock. The building offers comprehensive amenities that enhance the property’s profitability and rental appeal: an outdoor pool with a sun deck, a barbecue area, a multipurpose room, a fully equipped gym, a playroom, and landscaped outdoor spaces, as well as security and access control. Benefits Under the Promoted Housing Law (Law 18,795) This unit is covered under the Promoted Housing program, granting significant tax benefits to the investor: Exemption from Property Transfer Tax (ITP) on the first sale Exemption from Value-Added Tax (VAT) Exemption from Wealth Tax for up to 10 years Exemption from personal income tax (IRPF) or corporate income tax (IRAE) on rental income for up to 10 years Investment Opportunity An ideal option for those seeking security, profitability, and tax benefits in a modern, well-located building that is in high demand in the Punta del Este real estate market. Payment Terms: Cash: 90% upon signing the purchase agreement 10% upon delivery of the unit Construction Payment Schedule: 30% upon signing the purchase agreement 60% in installments during construction 10% upon delivery of the unit. Expenses 4% · Occupancy and utility connections 3% Real estate commission Financing Bank financing is not accepted -
Buying in Uruguay as a foreigner
Yes, foreigners can buy property in Uruguay.
A purchase is normally formalized through a public deed, notarial involvement and registration with the Property Registry.
- Near coasts and borders
- Uruguay does not apply a nationwide restricted zone for foreign buyers equivalent to Mexico's coastal zone or border strips in other countries. This field is retained only to preserve the common schema.
- Residency
- Tax residency available for property investment of ~$380,000 USD (plus 60 days presence). Path to citizenship is clear.
- Taxes and closing costs
- They depend on the state, the municipality and the property itself, so there is no single national figure. Ask the agent or our Concierge for an estimate on this home.
- Financing
- Financing for foreign buyers depends on the lender, residency, income, financial history, currency, down payment and property type.
How buying works
Identification and funds
Prepare a valid passport or identification, powers of attorney where applicable and source-of-funds documentation.
Title due diligence
The notary reviews ownership, cadastral parcel, registry history, liens, debts, plans and the property's legal status.
Reservation or purchase agreement
Define price, currency, deposit, conditions, timelines and allocation of costs.
Deed and registration
Execute the public deed, pay applicable taxes and fees and register the document with the corresponding Property Registry.
This information is general and educational. Taxes, costs, documentation requirements and transaction-specific conditions should be verified with a notary, attorney, accountant, bank or competent authority. Research last reviewed July 2026.
Amenities
Indoor & Comfort
- WiFi
Outdoor & Recreation
- Terrace
- Balcony
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$220,217
