Land for Sale in Jose Ignacio, Jose Ignacio

Incredible opportunity for development in Playa Brava by José Ignacio. It is about 30 ha over the sea in Playa Brava (there are 6 Padrones of 5 ha each). Due to its location and surface, it is a unique product in the area. According to a report we have prepared, taking into account operations carried out in the area, the value per m2 of the total land is USD 120, which means less than 50% of the last sale of land comparable by location and quality in the area (the m2 was sold at USD 275).

The usable area of ​​the 30 has total 176,111 m2, which represents a value of USD 207 x m2 usable, in an area where the prices in the neighboring developments range between USD 200 and USD 2,400 x m2.

These 6 Padrones are cataloged as Rural ones, which enables the construction of a private house, Hotel de Campo and Condo Hotel. If you want to do a real estate development, you have to request a change of Categorization in the Municipality of Maldonado.

An estimate was made of how much the parcels 1 and 6 (the Padrones of the extremes) could be worth to be exploited as a real estate development (sale of land) at prices similar to those of their neighbors, which resulted in the cost being multiplied by 3.

It is truly a unique opportunity, in the most chic and sought-after place in Uruguay, where a 

large number of owners and visitors are foreigners of very high economic level.