LatAm Listings | Volume #2
A penthouse in Lima, Punta del Este vibes, and more...
Lately, I’ve been scrolling real estate listings in Latin America the way others scroll Instagram. Just letting autism take the wheel while the stimmies do the heavy lifting.
Three caught my eye this week across the region.
A lifestyle play in Lima. A family play in Punta. A concept play in Bogotá. Different price points, different angles, all worth a look.
LatAm Listings | Volume #2
The Lima penthouse is my favorite of the three. The Parque El Virrey play is more about the idea than the specific unit — a lowball opportunity in the best zip code in Bogotá.
Ya tu sabes.
The Miraflores Lifestyle Play
Location: Lima, Peru 🇵🇪
Neighborhood: Miraflores (Calle Porta 500)
Price: $330,000
Beds + Baths: 3 BD / 2.5 BA
Size: 200 m² (190 m² built)
Price/m²: $1,650/m²
Penthouse-style 3-bedroom in one of the best neighborhoods in all of Latin America. 7th floor of an 8-story building, with the third bedroom on an upper level opening onto a private terrace with a jacuzzi and city views.
Main floor has 2 en-suite bedrooms, a powder room, living/dining area, equipped kitchen and a balcony. Comes with 2 parking spots and 24/7 security. Maintenance runs about $110/month.
If it were mine, I’d turn that rooftop terrace into a home gym — rack, dumbbells, cables, BJJ mats, heavy bag in the corner. Jacuzzi stays. Lima’s cool coastal climate means you could train outside year-round, which would be amazing.
This is the lifestyle play for a broski who wants to spend half the year in Lima and live well doing it. Walking distance to Parque del Amor, the Malecón, Larcomar, and Parque Kennedy.
Hard to ask for better logistics.
Downsides?
At $1,650/m², priced under what most 3BRs at 200 m² run in Miraflores ($400K+), but the comp game is tricky — most of those comps don’t have a terrace like this. Worth a deeper dive as an investment.
Building is 11 years old. Miraflores also comes with Miraflores prices — highest cost of living in Lima by a solid margin. Great for lifestyle, might be middle of the pack for yield. Not sure here, just really love that terrace.
See the listing →
The Part-Time Punta Play
Location: Punta del Este, Uruguay 🇺🇾
Neighborhood: Rincón del Indio
Price: $245,000
Beds + Baths: 2 BD / 2 BA
Size: 107 m² + 20 m² terrace
Price/m²: $2,290/m²
Including this one for one reason — lush green views and forest vibes from the terrace, but you can still walk to the beach
2-bedroom unit in Serenity Brava, a gated complex in Rincón del Indio — less than 1 km from Playa Brava, surrounded by lush greenery. 20 m² terrace off the living area with park and tree-line views.
Interior is 107 m² with 2 en-suite bedrooms, open kitchen, integrated living-dining. One parking spot. Maintenance runs around $325/month — higher than most LatAm picks, but covers a lot: pool, gym, coworking space, Kids Club, on-site restaurant, BBQ area, playroom, solarium, laundry, 24/7 security, optional maid service.
If it were mine, I’d post up on that terrace every morning with a coffee before anyone else in the complex is awake. Quiet, no traffic noise, the kind of setup that makes a slow morning feel like vacation even when you’re working.
This is a family-friendly Punta del Este pick for a broski who wants to spend part of the year in Uruguay. Entry-level luxury amenities, walking distance to the beach, infrastructure that makes long stays with the family work.
Downsides?
Punta runs on a seasonal economy — busy December through March with Argentines and Brazilians, quiet the rest of the year. That’s shifting post-COVID as more remote workers post up year-round, but rental yield outside high season is not going to be great.
Uruguay isn’t cheap either. Maintenance, property taxes, and the Uruguay premium on groceries and dining add up fast. Great for lifestyle, maybe not a cashflow play.
Also worth noting — the listing photos are a bit confusing. Looks like they’re pulling shots from multiple units rather than this specific 2BR. Worth confirming what you’re actually seeing here.
See the listing →
Bogotá for Bachelors
Location: Bogotá, Colombia
Neighborhood: El Virrey (Calle 88)
Price: $82,000 (295,000,000 COP) — listed
Beds + Baths: 1 BD / 1 BA (loft-style studio)
Size: 21 m²
Price/m²: $3,900/m² (too high at list…)
Small studio in El Virrey, the absolute “vortex zone” of where you want to be in Bogotá. Sits right between Parque Virrey proper and Zona T —the two most walkable, best-kept zones in the city. Parks, cafés, restaurants, insane nightlife — everything you need within 10 minutes on foot. Estrato 6, of course.
Bogotá is a bachelor’s city. Endless energy and options. Nightlife everyday of the week if you know where to look. El Virrey is the best-positioned zip code in the city to take advantage of all of it.
21 m² loft, first floor of a 16-30 year-old building. Administration runs about $100/month.
The only play here is a lowball offer…
Listed at $82K, but the unit needs major renovation. Bathroom, kitchen, flooring, lighting, the works. The window alone looks dated and probably needs full replacement.
A strong cash offer at $60-65K might be realistic. Land it at $65K, budget $15-20K for a proper gut-and-finish, and you’re all-in at ~$80-85K on a fully modernized studio in El Virrey.
Seeing the building in person is a major key. Photos only tell you so much on an old Bogotá building. We want eyes on the lobby, hallways, neighbors, common areas. A beautiful renovated unit inside a rundown “trap-house” looking building is still bad, no matter how good the area is.
If it were mine, I’d go full modern-bachelor-pad build-out. King bed, custom millwork kitchenette, rainfall shower, blackout curtains, work area with a monitor arm and standing, sitting desk. 21 m² done right punches well above the square footage.
This is a bachelor pad play for a broski who wants a base in Bogotá that doubles as a cash-flowing STR when he’s not there.
The yield math…
Done properly: $60/night on Airbnb, $400/week, $1,200/month. Mixed strategy averages around $1,300-1,500/month gross.
Annual gross: ~$16,800
Net after expenses: ~$12,000
Yield on $85K all-in: ~14%
That’s not bad at all — potentially.
But again, this yield only works if you renovate very, very well + the location checks out in person + the building doesn’t look horrific + lowball offer.
Downsides?
Bogotá gets cold and gray. 8,600 feet, year-round 50-60°F, and a lot of rain. If you need sun, this isn’t it.
21 m² is tight. Bachelor pad or STR only. Not a family move. Reno takes 3-4 months. Factor holding costs into the yield. Lowball is the only play.
See the listing →
Final Thoughts…
A lifestyle penthouse in Miraflores with a rooftop terrace for $330K — by far my favorite here.
A family-friendly 2BR in Punta within walking distance to the beach and great amenities for $245K.
A 21m² loft in Bogotá’s best area that needs a full gut and renovation, but could land it for under $70K if you play it right.
Different budgets, different concepts, different target markets. Pick your play.
