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Jose Ignacio

As nearby Punta del Este -- the popular vacation spot on the Uruguayan Riviera -- becomes overrun by a high-rise building boom and hordes of partying teenagers, José Ignacio has taken the mantle as one of South America's most exclusive destinations in the December-to-February summer season.

But as the first wave of major developers like the Setai now advance on José Ignacio, the former fishing village is starting to struggle with the same problems that larger beach resorts face -- namely, trying to balance economic success brought by wealthy travelers with the small-town identity residents cherish.

José Ignacio is known as much for its laid-back atmosphere and natural beauty as for its celebrity guests, which include designer Ralph Lauren, singer Shakira and model Naomi Campbell. With barely 50 hotel rooms, white-sand beaches and an architectural mix of modest ranch houses and modernist vacation boxes, the town's blend of authenticity and exclusivity is drawing more European and American tourists.

The area started becoming more attractive to foreigners in 2002, when the peso devaluation in neighboring Argentina -- which used to provide the bulk of tourists and spending in the area -- drastically cut demand and forced Uruguayan resorts to lower prices.
 
Buenos Aires advertising agency co-owner Andrés Castro, who has vacationed in and around José Ignacio for more than a decade, recalls horse-drawn carts delivering water to the residents and visitors as recently as the mid-1990s. "There was no infrastructure," Mr. Castro says. "If you wanted to buy lamb for dinner you had to plan three days ahead."

A handful of laid-back restaurants serve local seafood: The Parador La Huella, a thatch-roofed bungalow, is known for simple dishes like black sea bass barbecued with salt and pepper. Clothing and art galleries dot the sandy streets.

With the dearth of hotels, most visitors opt for rentals. Around 500 houses in the immediate area range from small wooden cottages in the old town to Spanish tile-roofed compounds overlooking the ocean at the foot of the peninsula to small gentleman's farms a few miles inland. Many of the larger homes come with a pool and staff.

Seeing an opportunity to create more accommodation, developers have set their sights on outlying neighborhoods like La Juanita and Arenas de José Ignacio, where zoning laws are slightly looser.

Two projects are slated to open in 2009-10. The Setai Group received its final approval in December, despite objections by locals to the government's national director of the environment. Between $110 million and $130 million will be spent on the development, with plans to build a luxury compound including a spa, 10 cabana hotel suites and 40 private houses on the La Juanita beach and in the nearby woods. About a mile up the road, the 300-acre Laguna Escondida project is planning a 70-room hotel and 240 housing lots.
 
First-time visitors like Tim Hunt, a 50-year-old stock and real-estate investor from Texas, aren't concerned about the impending changes. "It's tranquilo, really laid-back," Mr. Hunt says. "It feels more European than South American, like the Costa del Sol in Spain used to be 10 years ago, before it became so crowded and commercial."

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Search Results

Showing: 1 to 9 of 9 Results.

Property in the Area

Townhouses in not specified, sevilla, spain - Ref: Over Austins Gate

115,000 EUR
3 bedrooms

3 Bedroom town house situated in a quiet gated complex of about 20 houses on the edge of this small town. The property was built about 10 years ago and is in good decorative order throughout and ready for immediate occupation. Low outgoings and easy maintenance make it ideal as a lock and leave holiday or part time home or for retirement. Mind you I'd live there all year round!

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Plots and Land in jose ignacio, punta del este, uruguay - Ref: 401MH

205,350 EUR
0 bedrooms

Great investment in prime land suitable for country estate, horse breeding, fruit plantations or similar on a country road 3 km from Jose Ignacio in an area of constantly increasing prices and growing scarcity. It works out at US $ 14000/ha or US1.40/m2. This is a real OPPORTUNITY! Price U$S 300,00. The Euro price quoted was correct at the date of listing and is provided for guidance and comparison purposes only and will fluctuate with the exchange rate.

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Villas in not specified, long island, bahamas - Ref: Hamiltons

281,919 EUR
3 bedrooms

Family home that now the owner needs to desperately sell . Its fully equipped and ready to live in. Centrally located in the area of Hamiltons which is subdivision on Long Island. The property was designed by a local architect for functionality and easy maintenance. Built of concrete in 2004, the home has 1,800 sq. ft. of living area with an additional 1,100 sq. ft., comprising of the 2 car garage & back screened in porch.

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Villas in jose ignacio, punta del este, uruguay - Ref: Beachboy 132MM

300,400 EUR
3 bedrooms

INCREDIBLE sea views from the grand terrace & BBQ on the upper deck of this very comfortable 3 bedroom house. Located in the middle of Jose Ignacio village, around the corner from the well known beach restaurant La Huella, this well equiped and stylishly decorated home is ready to move into. Price is $ 380,000 and whilst the Euro price was accurate at the time of listing it is subject to currency fluctuation and provided for comparison purposes only.

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Businesses in not specified, guadalajara, spain - Ref: Bowl Me Over - FOR LESS

385,000 EUR
8 bedrooms

Fabulous home and income property in a popular rural tourist location just 100 kms from Madrid. In an incredibly beautiful area (ask for photos of the region and I'll send you a file) this property comes with a large pool, beautiful gardens, salon de fiestas, 2 houses and the potential to add another 5 bedrooms. In excellent condition with an enviable track record for rentals this is an exceptional business opportunity.

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Villas in not specified, sevilla, spain - Ref: Mags Nest

523,000 EUR
4 bedrooms

Superb! Elegant, modern, 4 bedroom, 3 bathroom casa just outside the city of Sevilla with big garage and superbly maintained garden with terraces and superb views. Space a plenty for a pool and perfect for permament residence. A quiet location on the door step of the city with very easy access. This is a genuine executive home and that is reflected in the quality of the build and the finish.

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Country Houses in not specified, huelva, spain - Ref: Stables Niebla - PRICE CHANGED

599,000 EUR
4 bedrooms

OPEN TO OFFERS! Superb house (bigger and better than it looks in the phots) with ahuge plot of land, magnificent pool, stables and chickens! All located near the beach and all facilities near Niebla in Huelva province. Fly to Sevilla or faro (Portugal). This is an exceptional opportunity to aquire a fine home ideal for anything to do with horses, farming or tourism. Or just living a great life.

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Country Houses in not specified, malaga, spain - Ref: Karens Sergio - UPDATED

708,750 EUR
4 bedrooms

a fully restored country finca in a prime location. Located just 7klm from the seaside town of Velez Malaga. The Finca's land has been partially ecologically cultivated with more than 4,000 Aloe Vera plants and much more land remains uncultivated and can be planted with more trees or crops. The original 200 year old Cortijo has been sympathetically restored in a traditional, bioclimatic way, so that air conditioning is not necessary. The Cortijo has been divided into 2 separate homes, each house having 2 bedrooms, 1 bathroom and an open plan kitchen/dining and reception.

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Country Houses in not specified, sevilla, spain - Ref: Sevilla Cortijo

1,700,000 EUR
9 bedrooms

Huge, fully reformed, 9 bedroomed, 6 bathropomed, country cortijo between Sevilla and Cordoba with a built size of 30 m2, 20,000 m2 land, 400 m2 of outside patios, pool of 12m x 6m, stable block of 200 m2, inside and outside kitchens and so on. The list of features is endless, just like the queue of admirers of this unique property.Ideal of home and income business and anything to do with horses.

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