The prospect of San Miguel de Allende, Mexico, calls for premium prices that luxury property buyers are happy to pay. The scenic views of San Miguel de Allende really matter to luxury buyers, according to Joseph W. Lown, a top producer at leading luxury brokerage firm CDR San Miguel. “Because of the topography, views are the most important criteria for people who want to be in San Miguel de Allende.”
Located in the far east of Guanajuato, about 270 miles from Mexico City, San Miguel de Allende is a popular retirement location for Americans. These expats move for a mild climate, five-star restaurants, accessible art and culture, baroque / neoclassical colonial architecture, and reasonable cost of living. History and culture are deeply rooted in San Miguel de Allende; UNESCO recognizes part of the old colonial city as a prestigious world cultural heritage.
San Miguel de Allende is known for a sight. “All views are about seeing the Parroquia,” notes Lown. Soaring Parroquia de San Miquel Arcangel is the pink neo-Gothic church from the 17th century with soaring spiers. You will see it in all the travel reports and videos that explore the city. Its castle-like architecture is synonymous with San Miguel de Allende. “There are some views of the Parroquia that make some people happy. Though they would like panoramic views of luxury homes,” Lown adds.
East of the central square, climb a hill where the view begins. “There are few geographic areas that offer a variety of great views,” said Lown. A property called Casa del Sol, a Spanish Colonia hacienda-style home currently listed for $ 2,495,000, has sweeping views of the Parroquia and even more vistas. “It has an amazing living room, bedroom, garden, patio, swimming pool, deck, and rooftop views. There are even great views from the living room sofa,” Lown said.
The house has six bedrooms, four of which are ensuite. There is also a separate 2 bedroom casita with its own entrance. Casa de Sol is located in the closed (with a 24-hour supervisor) enclave Privada del Sol and is in the prime Centro area on a hill about a ten-minute walk from the Parroquia.
Lown, a former Texan and longtime San Miguel de Allende resident, warns shoppers about the importance of Forever Views. “All views are not forever views. If you are considering a property because you love the view, you need to research what is below and next to you, ”advises Lown. “Your gaze, which you thought was always there, can easily disappear under or even next to you when you are building a new building.” Lown points to all prospects in the Casa del Sol as eternal prospects. “For many buyers, San Miguel is their happy place. They love having homes with these wonderful views. Casa del Sol will have them forever, as nothing is built under or next to them to obstruct the view.”
Other properties with the in-demand Parroquia views include the five bedroom Casa Barranca. It’s on the market for $ 2,600,000. It is also “very well suited for the conversion into a boutique hotel with approx.” No doubt guests would enjoy cocktails and the 360-degree view from the multi-storey terraces.
Houses with a wonderful view naturally charge higher prices. “We price these properties at a 30% mark-up if the view and the house are over the top,” Lown confides.
Given the current U.S. market, where Southern California homes are up six digits year over year, the San Miguel prospect is well worth a premium price.
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