Millionaire jewel in Recoleta: how much is the historic apartment designed by one of the most prestigious architects in Argentina worth

The stately living room of the house with very well preserved oak floors

Within the oversupply of real estate in Buenos Aires there are several centuries-old jewels that were built in the golden times of the Belle Époque. In Recoleta, in front of Plaza Rodríguez Peña, in Marcelo T. de Alvear at 1700, an emblematic apartment was put up for sale that belongs to a building that he designed and built Alexander Bustilloone of the architect recognized in the country, in 1926.

The construction is part of a building classified as Historic Heritage by the City of Buenos Aires, with a stately French-style façade.

The history of this almost hundred-year-old house is linked with Juana Gonzalezremarried to the businessman and banker Devout BartholomewAntonio’s brother, who ceded the land for what is now known as Villa Devoto. Juana was widowed in 1920.

The French-style facade building was made in 1926
The French-style facade building was made in 1926

They had 5 children (4 girls and one boy), and after the death of her husband she began a prosperous path in the administration of family assets, but she knew how to strengthen them by following the advice of her husband. bustillo, who also designed the headquarters of the Banco de la Nación Argentina, the Provincial Hotel in Mar del Plata and the Hotel Llao Llao in Barilocheamong other great works, to invest in bricks.

A brother of Bustillo was the husband of Mary Rose Devoteedaughter of the marriage of Bartolomé and Juana. And they were key to helping Juana and guiding her so as not to lose the fortune inherited from her husband, also dedicating part of her inheritance to charity and public good.

The daily living room
The daily living room

Precisely in Villa Devoto, in 1921, had a Norman-style chalet builtalso Bustillo project. The property is known as Palacio Devoto and is located on Calle Pareja and Chivilcoy, in front of Plaza Arenales.

And in Recoleta, thanks to his trust in bricks and their profitability, he had several properties built, including another that is still standing on the same block where the apartment on Alvear Street is for sale. Formerly they were rental housing until the Horizontal Property Law was passed in 1948, which allowed many tenants to become owners of their homes.

Once you access from the street at the entrance of the building you will find works of art and statues that give a touch of original and exclusive decoration.
Once you access from the street at the entrance of the building you will find works of art and statues that give a touch of original and exclusive decoration.

How is the relic that is sold

The apartment located in Recoleta has 440 square meters covered and “it was made with imported materials such as wooden floors, fittings from houses in France and doors imported from various parts of Europe,” he explained to Infobae Pedro Ocarizspecialist in historic buildings.

One of the bedrooms of the house
One of the bedrooms of the house

It has 5 rooms and 4 bathrooms. For sale are requested $1,200,000 and in the building where it is they pay $72,000 for expense.

A stately entrance hall gives access to the different spaces. The living room and dining room have a fireplace and large windows to the outside. The floors are oak in perfect condition. The corridor connects with the 4 bedrooms, all en suite.

The living room and dining room have a fireplace and large windows to the outside. The floors are oak in perfect condition. The corridor connects with the 4 bedrooms, all en suite

The Master suite has a large bathroom covered in Italian marble and an important dressing room. Nearby there is an intimate living room with views of the winter garden, completing the visual set. The bathrooms have also been renovated with first class materials and accessories.

Made with arcades in its circulation areas and other areas are decorated among libraries and musical instruments.  With floor to ceiling height of more than 3 meters
Made with arcades in its circulation areas and other areas are decorated among libraries and musical instruments. With floor to ceiling height of more than 3 meters

Central heating is by radiators. The apartment also has two other bedrooms (formerly for the drivers) with a bathroom on the top floor of the building..

It has a storage room, and in addition to the main one, there are service elevators and a laundry room. As soon as the door is opened from the street and in the entrance area of ​​the building there are several works of art and statues that accompany the decoration of this stately property.

Scenery

Regarding the premium real estate market, Ocariz said that “currently, although the blue dollar showed a significant rise, there are a good number of inquiries. Those who have purchasing power are very interested in properties like this, especially because they appreciate constructions made with very noble materials that do not deteriorate even if the years go by.”.

The main bathroom was renovated and has Italian marble
The main bathroom was renovated and has Italian marble

The house was recycled in some parts and whoever buys it should modernize the kitchen. It has arches very characteristic of the time in which the building was built and a generous height from floor to ceiling estimated at 3 meters.

Also these properties attract investors from abroad that take advantage the decrease in the values ​​of style properties that in other capitals of the world cost between 40% and 60% more than in Buenos Aires.

“Because of its distribution and for being in a nearby area with colleges and universities It is ideal for a family with children of school age and who are pursuing university degrees.”, Ocariz concluded.

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