$3 Billion House: The Nicolas Ibáñez Estate
- The El Golf neighborhood is renowned for its towering buildings and its position as the central business district of Santiago, often nicknamed "Sanhattan." Though, its history extends beyond...
- The neighborhood derives its name from the club El Golf Los Leones, which relocated to the area during that period.Today, El Golf represents a unique blend of heritage...
- Businessman Nicolás Ibáñez Scott (68) recently acquired a house on Gertrudis Echeñique street in Las Condes for 80,000 UF - a ample investment exceeding $3 billion Chilean pesos.
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Santiago’s “Sanhattan” Sees Multi-Million Dollar Home Sale
The El Golf Neighborhood: A History of Prestige
The El Golf neighborhood is renowned for its towering buildings and its position as the central business district of Santiago, often nicknamed “Sanhattan.” Though, its history extends beyond finance. The area was originally developed as an exclusive residential enclave in the 1930s, thanks to the vision of Loreto Cousiño and Elena Errázuriz.
The neighborhood derives its name from the club El Golf Los Leones, which relocated to the area during that period.Today, El Golf represents a unique blend of heritage architecture and modern, high-end developments.
The Sale: A Significant Investment in a prime location
Businessman Nicolás Ibáñez Scott (68) recently acquired a house on Gertrudis Echeñique street in Las Condes for 80,000 UF - a ample investment exceeding $3 billion Chilean pesos. This transaction underscores the enduring appeal of El Golf as a desirable location for both commercial and residential purposes.
The property itself is a two-story house with a basement, situated within a designated area of patrimonial interest. Its proximity to the British Embassy further enhances its prestige.
Property Details: A Blend of History and Space
The house boasts a total land area of 1,640 square meters, with a constructed area of 571 square meters. Crucially,the original structure dates back to 1960 and is considered a heritage building. Subsequent extensions have added to the overall square footage.
Architectural Importance
The designation as a “patrimonial” building means the property is subject to specific regulations regarding alterations and renovations, aiming to preserve its historical character. this adds complexity and cost to any potential redevelopment, but also enhances its long-term value.
Comparative Property Values
To understand the scale of this investment, consider the following table comparing recent property sales in the El Golf neighborhood:
| Address | Property Type | land Area (sqm) | Sale Price (UF) | Sale Price (CLP) |
|---|---|---|---|---|
| Avenida Apoquindo 3000 | Apartment | 120 | 5,000 | 165,000,000 |
| Los Leones 1234 | House | 800 | 40,000 | 1,320,000,000 |
| Gertrudis Echeñique (Subject Property) | House | 1,640 |
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