2-Bedroom Apartment for Sale in La Blanqueada
$229,400
- 3Bedrooms
- 1Bathrooms
- 538 sq ftLiving area
- 835 sq ftLot area
About this home
Imagine living in a place designed for those who want to combine lifestyle, comfort, and an urban setting with great potential. This 2-bedroom apartment at Sky Residences represents an excellent opportunity to live or invest in one of Montevideo’s most prominent developments. Located on the corner of Avenida Italia and José Batlle y Ordóñez, the project consists of three modern towers and is being developed under the Promoted Housing Law, offering significant tax benefits and a strategic location with excellent connectivity, close to shopping centers, universities, healthcare facilities, green spaces, and all amenities. The unit stands out for its functional layout and its spacious, bright rooms. The open-concept living-dining area with an integrated kitchen creates a modern and comfortable space, ideal for daily life or for enjoying gatherings with family and friends. The terrace, accessible from the living room and both bedrooms, expands the living space and allows you to enjoy unobstructed views and excellent natural light. The two bedrooms offer privacy, comfort, and a layout designed for relaxation, complemented by a full bathroom and contemporary finishes that reflect the project’s high-quality construction. Project Amenities • Swimming pool. • Gym. • Barbecue areas. • Common terraces. • Coworking space. • Meeting room. • Playroom. • 24-hour security. • Underground parking. • Bicycle racks. • Storage units. Project Benefits • Estimated completion: August 2028. • Project covered by the Promoted Housing Law. • Income tax exemption on rental income for 10 years. • Wealth tax exemption for 10 years. • Bank financing of up to 90%. • Occupancy fees: 4.5% (includes utility connections, building regulations, and floor plan). Payment Schedule with Bank Financing • 5% Reservation deposit. • 10% Commitment payment. • 35% Installments during construction. • 50% Upon occupancy (with bank financing). Payment Schedule for Investors During Construction • 10% Reservation deposit. • 20% Commitment. • 60% Installments during construction. • 10% Upon occupancy. Real estate fees: 3% + VAT on the purchase price. Contact us for availability, updated prices, and financing options. Discover a new way of living in a project that combines design, comfort, and a strategic location with great potential for appreciation. Vizcaya Real Estate Your next home or investment starts here. -
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
Outdoor & Recreation
- Balcony
- Game Room
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$229,400
