Land for Sale with a Hotel Development Project in Portezuelo – Maldonado
$3,500,000
- 241,736 sq ftLot area
About this home
Land for Sale with Hotel Development Project in Portezuelo – Maldonado Excellent investment opportunity in Portezuelo, one of the areas with the greatest tourism potential in Maldonado, near Punta del Este, Laguna del Sauce, Piriápolis, and the Laguna del Sauce / Cap. Curbelo International Airport, with quick access to the Interbalnearia Highway and the Minas mountain range. This is a single plot measuring 22,458 m², with approximately 4,509 m² already built and construction estimated at 95% complete—ideal for developing, completing, or repurposing a tourism, hotel, residential, or short-term rental project. The original project calls for a mid-range hotel with open-plan accommodations, located on a beachfront lot with exclusive access to approximately 150 meters of beach—a highly distinctive feature for projects related to tourism, leisure, corporate lodging, or vacation rentals. The layout comprises a total of 85 rooms/units, grouped as follows: 48 studio units of 25.5 m². 20 apartments of 39 m². 16 rooms measuring 18 m² located on the beachfront. 1 suite measuring 162 m². Overall, the development comprises a total of 85 units, making it an ideal option for hotel operations, vacation rentals, corporate lodging, or mixed-use development. The existing infrastructure adds immediate operational value, featuring a water tank, power plant, and septic tank with a projected capacity lasting several years, which significantly improves the conditions for the project’s construction and commissioning. The project also includes complementary amenities with strong commercial appeal: reception area, lobby, call center, conference room, outdoor saltwater pool, terrace, solarium, playgrounds, restaurant, mini-market, boutique, daycare center, playroom, fitness center, landscaped green spaces, and outdoor sports areas. Given its location, scale, floor area, stage of completion, and development potential, this property represents a unique opportunity for investors seeking a large-scale tourism asset in a strategic area of Maldonado, with the potential to generate income through a hotel, tourist apartments, short-term rental units, or mixed-use development. Contact Vizcaya Negocios Inmobiliarios for more information, documentation, floor plans, terms and conditions, 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.
Nearby Essentials
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$3,500,000
