Punta Gorda: Exclusive Market and Prices — July 2026
INGAR · · Market
How much does a square metre cost in Punta Gorda?
The square metre in Punta Gorda has a median of USD 3,077 for apartments, 24% above the Montevideo median, with a median total price of USD 226,000 across 76 square metres. It ranks 14th in the price table.
| Metric | Value |
|---|---|
| Median price per m² | USD 3,077/m² |
| Usual range (p25–p75) | USD 2,655 – 4,106/m² |
| Median total price | USD 226,000 |
| Median floor area | 76 m² |
| Monthly change | -2.9% |
| Year-to-date change | -5.5% |
| Median rent | USD 1,776 |
| Gross yield | 6.4% |
| Estimated net yield | 4.1% |
| Years of rent to cover the price | 10.6 |
| Months of supply | 1.9 |
| Supply level | Medium |
| Houses: median price per m² | USD 2,074/m² |
The range from USD 2,655 to USD 4,106 per square metre is among the widest on the coast, reflecting the difference between units facing the promenade and those inland, which can exceed a thousand dollars per square metre.
What is the rent in Punta Gorda and what does it yield?
The median rent is USD 1,776 a month, the fourth highest in Montevideo, and the gross yield is 6.4%, well above the city median. The estimated net figure is 4.1% and the most notable data point: the purchase price is covered by 10.6 years of rent, the shortest span on the entire coastal strip and the third shortest in the city.
Punta Gorda is one of the five Montevideo neighbourhoods combining an above-median price with above-median profitability. The reason lies in the product type: large apartments (a median 76 square metres) facing the water, let at very high values to a market seeking that specific location.
How did Punta Gorda prices move this month?
Asking prices eased 2.9% in the month, the sharpest fall across the premium coastal strip, and are down 5.5% for the year. Supply is absorbed in 1.9 months, somewhat slower than the city median, with a medium supply level.
It is a move worth reading in context: in medium-supply, high-ticket neighbourhoods, the monthly median swings considerably depending on which units were listed. The monthly decline is real as an asking price, but the year-to-date figure is more useful for reading trend.
What sets Punta Gorda apart?
Punta Gorda is the last coastal neighbourhood before Carrasco, and it works as a hybrid of both worlds: it has Carrasco's residential scale and tree cover, but with buildings facing the promenade that give it a density Carrasco lacks.
The neighbourhood's high point is geographic: the headland that gives it its name is one of the few places in Montevideo where the coast turns and offers open views in two directions. That condition explains much of the price premium on waterfront units.
It is a family-profile neighbourhood, with schools nearby and good connections eastward via Avenida Italia, but with less commercial life of its own than Pocitos or Buceo: for many things you depend on Carrasco or the Portones shopping centre.
Houses in Punta Gorda cost USD 2,074/m² with a median price of USD 600,000 across 300 square metres. It is among the most expensive house segments in the city in absolute terms, after Carrasco, Puerto Buceo and Punta Carretas.
Who is Punta Gorda right for?
For the investor seeking income on the coast: it is the only coastal neighbourhood combining high rents with a 10.6-year payback, less than half Pocitos's (22.7) and a third of Villa Biarritz's (31.1). If return is the goal without leaving the coastal strip, it is the best option available.
To live in, it suits families wanting coast, greenery and floor area without Carrasco's ticket: a median USD 226,000 against USD 420,000. The trade-off is fewer services within walking distance and somewhat slower absorption if you need to resell.
Frequently asked questions
How much does a square metre cost in Punta Gorda?
The table above shows the neighbourhood's median USD per square metre and its usual range, updated with the INGAR Index monthly close.
Is Punta Gorda a good place to invest?
It depends on your goal: check the yield and supply dynamics above. For a read on a specific property, get an online appraisal or write to us.
Want to decide with data instead of gut feel? See how to invest in Uruguay, get an online property appraisal or message us on WhatsApp.
This data is part of the INGAR Index, the monthly index of Montevideo's real estate market. See the Punta Gorda data sheet with the full monthly series and the methodology.
Updated with the 2026-07 close. Source: INGAR Index, the monthly index of Montevideo's real estate market.
Data from the INGAR Index — 2026-07.