Real de San Carlos

Leafy riverside suburb famous for its faded Belle Epoque bullring and calm residential streets.

Updated June 17, 202611 min read

About Real de San Carlos

Real de San Carlos sits a few kilometers north along the Rio de la Plata, a quiet riverside barrio built around the early-1900s resort complex of magnate Nicolas Mihanovich - its hauntingly beautiful Plaza de Toros bullring and old hotel ruins are local icons. Today it is a calm, green residential area with river beaches, a golf course and space that the cramped historic core cannot offer. Land and houses here are notably cheaper, with homes from US$120,000 and buildable lots widely available, attractive to buyers wanting a garden, river views and room to build. Prices appreciate around 9-11% as Colonia's growth pushes outward and the +Colonia expansion raises the whole city's profile. Gross yields of 5-6% come mainly from seasonal and weekend lets. With unrestricted foreign freehold ownership, Real de San Carlos suits buyers seeking value, space and a tranquil riverside base.

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Location

Real de San Carlos in Colonia del Sacramento, Colonia Department, Uruguay

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