Peter Thiel Purchases $12 Million USD House in Palermo Chico

[earlyretirement]

Peter Thiel's $12 Million USD New House in Palermo Chico

The property is located on Dardo Rocha Street and was completely gutted and renovated by the previous owners.

It has about 1,600 m2 covered.within the ultra-exclusive Barrio Parque enclave (also known as Palermo Chico).The mansion was designed by Alejandro Bustillo, one of Argentina's most historically significant and celebrated architects (famous for designing the Llao Llao Hotel in Bariloche and the Mar del Plata Casino).

It is an iconic example of the French Academic style, featuring the classic stately facade that characterizes the most historic, European-influenced properties in Buenos Aires.This is chump change for Thiel but the closing of about $12 Million sets a new ceiling for residential real estate in Palermo Chico.

This is one of the most exclusive areas of Buenos Aires.Expect to see more millionaires and billionaires buying real estate in Buenos Aires. It is very cheap for a world capital city.

 

[Silvia]

That is a beautiful area but Palintir coming to Argentina is terrible.

 

[Canada Goose]

Wow he has great taste in properties. This thing would probably be $40 or $50 million in SF.

 

[VINO]

Best part of BA!

 

[Edgardo]

I didn't think they had properties that much here.

 

[IrishLad]

I hate Peter Thiel and Palentir but can't fault him for his taste in properties.