In Conversation with Erin Boisson Aries of Douglas Elliman

In conversation with Erin Boisson Aries of Douglas Elliman, who leads sales at Fasano Las Piedras, a resort and branded residence in Punta del Este, Uruguay. The country is seeing a slew of HNW expats claiming residency there because of its favorable tax environment, and Fasano Las Piedras is the location that’s top of mind. He speaks to us about why Punta del Este in Uruguay is a global destination to watch, and how Fasano Las Piedras is the luxury destination for discerning buyers looking to claim residency here.

Where are North American and European expats looking for new destinations beyond Europe?

Uruguay offers a beautiful climate, favorable tax benefits, and a booming economy, making it a prime location for investment right now. It’s the third-largest software exporter per capita in the world. Legacy tech companies are opening up shop and local start-ups are thriving.  The country is also seen as a global safe haven in Latin America.

Why is Punta del Este becoming a global destination for luxury living and travel?

Known for its pristine beaches, upscale resorts, vibrant nightlife, and world-class culinary and cultural scene, Punta del Este is the Monaco of South America.

A long preferred vacation and second-home market for high-net-worth Brazilians and Argentinians, Punta is now attracting Americans and Europeans seeking a place to diversify their wealth, establish a Plan B, or hedge against geopolitical uncertainty in an increasingly complex world.

The Government makes it easy and attractive to buy real estate. Expats can claim tax residency in Uruguay with as little as 60 days of residence if they purchase a property worth $480,000. If you make a $2.6M investment, there’s no residency requirement at all. There are also no taxes on foreign investment income for 11 years.

Why choose Punta del Este over Montevideo?

Punta del Este boasts all the vibrancy and amenities of a cosmopolitan coastal city, yet it is surrounded by breathtaking natural beauty, from the ocean to the mountains. The region is known for its pristine beaches and luxurious resorts like Fasano Las Piedras. Neighborhoods like La Barra are dotted with trendy beachfront clubs and upscale restaurants, while the downtown offers shopping, upscale galleries, and museums.

Punta del Este is also becoming a global destination for elite sports. The prestigious Yacht Club Punta del Este hosts international sailing events, races, and championships. The Polo Club at Fasano Las Piedras, becoming the center of Latin America’s polo world and developed in collaboration with world-famous polo star Nacho Figueras, has just debuted to much fanfare.

Tell us about Fasano Las Piedras. What amenities and experiences define the lifestyle here?

Nestled within the rolling hills surrounding Punta del Este, Fasano Las Piedras is a sprawling luxury resort with an exclusive collection of private estates. Situated amidst beautiful topography where the Uruguayan countryside meets the South Atlantic Ocean, it combines natural beauty with high design, offering signature outdoor recreation and wellness amenities.

The masterplan vision features five fantastic restaurants (onsite organic farms supply the produce), a private Arnold Palmer-designed golf course, a polo course designed by Nacho Figueras, an equestrian center, organic gardens, swimming pools, tennis courts, a spa, a kids’ club, and a river club with 150 meters of private beach.
Although secluded and private, the resort is culturally connected to the surrounding region and is also easily accessible, boasting its own private international airport.

Tell us about the residences at Fasano Las Piedras. What does the design say about today’s luxury buyer?

Luxury buyers today are increasingly focused on properties that are beautifully designed, sustainable and integrated into their natural surroundings.

The residences at Fasano Las Piedras blend seamlessly into the natural landscape, complemented by the resort’s unrivaled amenities, including polo and a legendary golf course. The renowned Brazilian architect, Carolina Proto of Estudio Obra Prima, has crafted four distinct design concepts for the homes, incorporating local materials and ranging from three to nine bedrooms that can be constructed on parcels of three to 15 acres.

The Golf Villas frame views of the idyllic course. The Polo House, designed in collaboration with Nacho, takes inspiration from the field itself. The Country Residences integrate seamlessly into the natural landscape. The Farm House Estates reflect the regional design vernacular.

Fasano Las Piedras offers buyers the option of unique customization. What advantages does this approach bring in terms of personalization and lifestyle?

In the branded residence landscape, which can feel oversaturated, the residential offering at Fasano Las Piedras stands out because each home is custom and distinct. Our buyers at Fasano Las Piedras are drawn to the amazing quality of life, from their private home to the resort’s unprecedented amenities for wellness, leisure, dining, entertaining and relaxation. Fasano Las Piedras checks all the boxes.