Brand-new apartment with 360-degree views, Punta del Este
$173,000
- 2Bedrooms
- 1Bathrooms
- 421 sq ftLiving area
About this home
MORE ATLÁNTICO PUNTA DEL ESTE 3-bedroom apartments starting at USD 277,000 Mixed-use development with shopping center + residences – Parada 22, Roosevelt Avenue Atlántico Punta del Este is an innovative mixed-use development that combines an exclusive shopping center with four residential towers, designed by the prestigious firm Gómez Platero Arquitectos. It is located at Parada 22 on Roosevelt Avenue, with strategic connectivity to Playa Mansa, downtown Maldonado, and the Punta del Este Peninsula, as well as immediate access to services, shops, and outstanding natural areas. Tower 2 offers 149 units, including studio apartments and 1-, 2-, and 3-bedroom apartments with 360° panoramic views. This publication focuses on 3-bedroom apartments starting at USD 277,000—an ideal option for year-round living or as an investment with rental potential. ????? Tax Benefits – Promoted Housing Law Atlántico falls under the Promoted Housing Law (Law 18,795) and qualifies for significant tax exemptions: Exemption from ITP (2%) on the assessed value VAT exemption 10-year exemption from the Wealth Tax 10-year exemption from income tax on rental income (IRPF / IRAE) These exemptions take effect once construction is completed and compliance has been verified by the BPS. ???? Payment Methods and Financing The project offers financing options through BHU and private banks, facilitating access and making real estate investment more flexible. Standard terms include: Cash payment with the option of bank financing as per agreement Financing during the construction period: 20% down payment, with installments during construction and the balance due upon delivery (subject to bank approval and Altius’s contractual terms) More Atlántico Punta del Este combines a premium location, distinctive architectural design, and tax benefits that enhance investment in one of Uruguay’s most promising areas. PUBLIC REAL ESTATE AGENT ALEJANDRO MILHAS CMCPSI 4437 REAL ESTATE BROKER LUCIANA BOTTINI CUCICBA 9902
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
Outdoor & Recreation
- Balcony
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$173,000
