🇦🇷 Unrealistic Buenos Aires real estate asking prices - Belgrano R property just sold for 50% off asking price
The 1973 estate at Superí al 1600 (Belgrano R) has sold for $6 Million USD - 50% discount from its original US$ 12M asking price.
Owners can be totally unrealistic as these price points have almost no buyers.
➡️ Land Area: 2,511 m² (~US$ 2,389 / m² of land)
➡️Covered Area: 3,367 m² (~US$ 1,782 / m² covered)
➡️ Layout: 4 levels, 16 bedrooms, 14 covered garages (room for 20 cars), 200-person ballroom, quincho, and private park.
This was marketed for months as a possible institutional HQ, embassy, or commercial asset, the property was instead acquired by a private buyer who will merge all four independent floors into a single 3,300+ m² private residence.
Land Arbitrage: Assembling 2,500+ m² of contiguous residential land in the heart of Belgrano R is virtually impossible today. At under US$ 2,400/m² of raw land, the buyer essentially paid for the dirt and inherited a massive, mid-century reinforced concrete frame dinosaur for near salvage value.