Newly Renovated House set in 7.4 Acres

Price reduced from $135,000 to $119,000 

Quaint country house for sale in the heart of the Argentine wine province of Mendoza. 

San Rafael enjoys on average 340 days of sunshine a year.  It is on roughly the same parallel as Napa Valley in the Northern Hemisphere making it almost perfect weather year round.

San Rafael is a top tourist destination for residents of Buenos Aires who come to enjoy the grape harvest festivities, the natural beauty of the nearby Valle Grande Canyon and rafting on the scenic Atuel River. Others simply come to relax in the rustic charm of the area in the summer.  Las Leñas, the premier skiing destination in South America, is close by and San Rafael is the venue to which the skiers flock in the winter.

The 2009 Dakar - Argentina rally chose San Rafael as an overnight stop, putting San Rafael firmly on the map as a not to be missed tourist destination.

Property Details

The property is 7.4 acres and is situated in the most desirable area of San Rafael in the Mendoza Province.  There are about 85 producing apricot trees yielding roughly 15,000 to 20,000 pounds a year from half of the land. The other half is  fallow. 

400 meters away is the famous Bianchi Champagne producer.

The Soñado Rafael golf course is just 2 blocks away where lots are selling for $100 USD per square metre or more. (visit their website http://www.soniadorafael.com/ for more info)

Another development 400 yards to the west of this property is the Calitina Vineyard Country Club (see http://www.calitina.com/ for more info)

The property is also adjacent to Olivos de Los Virgenes residential project where lots are selling for in around $12 USD per square metre.  The house on this property is valued at $35,000 USD and the land associated with this property is being offered at $3 per square metre, making this an unbeatable investment in comparison with the surrounding land.

The new Bianchi winery annex planned for construction in the vicinity will certainly further increase the investment potential of the area in general and this property in particular.

To the west there is a view of the Andes Mountains that are snow capped year round. 

The Las Paredes area in which the property is situated has new restaurants, boutique vineyards, and guest house estates. It is the best area in Mendoza to buy as prices are still low but moving up rapidly. 

Features 

The property is tranquil and private. 

The house is 2 bedrooms, 1 bath, kitchen, living room. Interior is 70 square meters.

A complete ground up renovation was done 6  months ago including new roof, electrical,  plumbing, bathroom, floors, windows, doors,  fireplace and alarm. Outside it has a tool shed, traditional brick oven and stand alone brick bbq. 

The walls are 8 inch thick fired bricks. 

Bedroom floors are cedar parquet, the rest are  ceramic tiles. The kitchen counter top is marble as well as the bathroom counter top.  

Argentina is one of the few places in the world that the dollar is still strong.  The cost of living in Argentina is very low.

The area is semi rural and has the flavor of the country side but is 10 minutes from the bustling center of San Rafael with hospitals, schools, shopping and nightlife. 

The land measures 137 meters by 217 meters. The 137 in front is on the road, one 217 side is an apricot orchard the other 217 side is planted in alphalfa. The rear 137 is fallow land with 100 year old olive trees on it.  

There are about 85 producing apricot trees yielding about 15,000 lbs annually. There are 3 hours a week of deeded irrigation water.  

The trees require little maintenance. Harvest is around Christmas time. There are also some dead trees that serve as firewood. The fruitwood is excellent for smoking meat or cooking pizza in the brick oven.

The property has several potential uses 

The house is fully furnished with new  kitchen appliances and is ready to move in as a main residence.

The land could be divided into smaller lots for residential development.  Currently the prices of property in this area selling as lots is significantly higher than this property which has been valued as farmland.  The current owner does not wish to undertake the project of residential development but someone with the drive to do this will see an excellent return on their investment capital.

Good soil and irrigation are ideal for planting  grapes, plums, olives or other crop.

The property is perfect for grazing and stabling  horses.

It would be excellent for a self sufficient hobby farm.  

The house could be rented during the summer and winter tourist seasons.  Vacation rental potential $300 USD per week in high season.

Property taxes and utilities are extremely low.