1-Bedroom Apartment for Sale - Cordón Sur
$137,500
- 2Bedrooms
- 1Bathrooms
- 405 sq ftLiving area
- 520 sq ftLot area
About this home
Nouveau Roxlo is a new residential development by Ballestrino Desarrollos located in Cordón Sur, on Carlos Roxlo, a strategic area of Montevideo with excellent transportation links, amenities, universities, dining options, and high investment potential. This one-bedroom apartment features a functional, modern, and well-designed layout. It includes an open-concept living-dining area, a kitchen integrated into the living space, a full bathroom, and a separate bedroom. The terrace opens onto the living area, providing natural ventilation, plenty of light, and a private outdoor space to enjoy every day. Its compact and efficient design makes it an excellent option for both residential living and investment in a high-demand area with strong growth potential. The building will feature 69 one-bedroom apartments, 35 parking spaces, a retail space, amenities, security, and tax benefits under the Promoted Housing Law No. 18,795. The units were conceived with a functional design focused on enjoyment. All feature private terraces, seamlessly integrating the outdoors into daily life. Additionally, they feature kitchens equipped with an oven, electric stove, and range hood; designer base and wall cabinets; DVH windows; pre-installation for air conditioning; electronic locks; porcelain tile flooring in bathrooms and kitchen backsplashes; and quartz countertops. Project Amenities Nouveau Roxlo offers common areas designed as an extension of the home, ideal for working, relaxing, or socializing in a comfortable and functional setting. Multipurpose lounge with an enclosed barbecue area. Open-air barbecue area. Gym. Relaxation area and sun deck. Sky lounge. Laundry room. Bicycle racks. 2 elevators. Security The building will feature a comprehensive security system, including double entry doors, electronic locks on apartment doors, a concierge desk, and virtual security with 24/7 monitoring 365 days a year, CCTV, video intercom with facial recognition, concierge app, magnetic locks with backup power, access control to amenities, and open-door sensors with remote locking capability. Tax Benefits The project falls under the Promoted Housing Act 18.795, which offers tax benefits such as exemption from the Property Transfer Tax (ITP), exemption from the Wealth Tax for 10 years, exemption from personal income tax (IRPF) or corporate income tax (IRAE) for 10 years in the case of rental, and exemption from VAT on the purchase. Sales Information Cash Payment Schedule: 90% upon signing the purchase agreement. 10% upon delivery. Payment Schedule During Construction: 30% upon signing the purchase agreement. 60% during the construction period. 10% upon delivery. Occupancy and utility connection fees: 4%. Real estate commission: 3% + VAT. Contact Vizcaya Negocios Inmobiliarios for more information, updated availability, and personalized advice. -
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
- Gym
- Laundry Room
Building Services
- Elevator
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$137,500
