luxury property for sale Maldonado, Uruguay

Erected in 1898, Palacio Delucchi embodies the fusion of Italianate decorative splendor and the opulence of Uruguay’s Belle Époque. Nestled in the heart of Montevideo, steps from the elegant Plaza Cagancha, this urban mansion astonishes with its impeccably preserved original interiors. Shielded behind a restrained neoclassical façade, the property remained in the hands of a single family for over a century and lay dormant in recent decades. A renovator's dream. Venetian stucco walls, a monumental Carrara marble staircase, hand-carved boiseries, and cedarwood joinery bear witness to an untouched legacy of exquisite craftsmanship. On the piano nobile , highlights include a grand reception salon with original moldings, a library clad in fine wood paneling, and a stately formal dining room—all orbiting a central winter garden bathed in light from an expansive skylight. Four bedrooms, including a principal suite with a bath adorned by French Sarreguemines tiles, are complemented by discreet service quarters and a sprawling rooftop terrace of immense potential. The ground floor houses three commercial spaces (alongside a grand foyer and a garage accommodating six vehicles), generating permanent rental income and ensuring the entire complex is financially self-sufficient. With 2,461 m² of built space and mixed-use zoning, this landmark offers flexibility for private, hospitality, or corporate uses—whether as a gourmet destination, cultural venue, or high-end office space—all while preserving its protected heritage status.