Inside the $17.2M Cipriani Penthouse Set to Break Records in Punta del Este
+2 Inside the $17.2M Cipriani Penthouse Set to Break Records in Punta del Este
Inside the $17.2M Cipriani Penthouse Set to Break Records in Punta del Este
Inside the $17.2M Cipriani Penthouse Set to Break Records in Punta del Este
Inside the $17.2M Cipriani Penthouse Set to Break Records in Punta del Este
Inside the $17.2M Cipriani Penthouse Set to Break Records in Punta del Este
Cipriani Resort, Residences & Casino Punta del Este, a new $500 million Cipriani branded development, has introduced a $17.2 million penthouse that is poised to become the most expensive condominium ever brought to market in the destination. The offering is expected to reset pricing benchmarks in Uruguay and rank among the most expensive residential listings in South America.
Rising on the historic San Rafael site overlooking the Atlantic Ocean, the Rafael Viñoly designed development will become South America’s largest luxury resort. The project brings Cipriani’s signature hospitality model to Punta del Este, a vacation destination long favored by discreet South American elites and celebrities alike. Known for its sweeping beaches, refined social scene and collection of world class art institutions, the coastal enclave has traditionally been defined by sprawling single family estates rather than vertical luxury living.
The 17,437 square foot penthouse introduces a new chapter for the market. The six bedroom, nine bathroom residence includes a private library, cinema room, indoor pool, dry and wet saunas, private wine cellar, gym and an internal elevator. Priced at approximately $986 per square foot, the home establishes a new ceiling for condominium values in an area where oceanfront estates in José Ignacio, La Barra and Punta Ballena routinely trade between $7 million and more than $20 million, yet ultra luxury residences of this scale in a branded tower have remained largely untapped.
As Punta del Este evolves from a seasonal retreat into a globally recognized lifestyle destination, this penthouse signals the arrival of a new tier of residential product in Uruguay.
