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Luxe Flats from the Argentine Capital's Premier Neighborhood

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As the weather begins to cool here in the Northern Hemisphere, down in the Southern things are just heating up. The Argentine capital of Buenos Aires is emerging from its winter doldrums, and, for those that want to beat the cold with a vacation home down south, one would be hard pressed to find a better place than the Recoleta neighborhood of B.A. Know for its historic architecture—Parisian-style building was rampant in the 1920s—Recoleta has previously attracted cultural luminaries like deified former first lady Eva Perón and writers Adolfo Bioy Casares and Jorge Luis Borges. Today, the area is one of the most expensive in the city, not that real estate agents want you to know it: many of the apartment listings are lacking price tags. One such priceless pad is this five-bedroom flat overlooking Plaza Rodríguez Peña. Distinguished by a grand arched entryway, original hardwood floors, and an updated kitchen, this 4,200-square-foot classic was built back in 1926.

? For something with a decidedly more modern feel, but still some original details, this 6,000-square-foot triplex penthouse should fit the bill, provided one can afford the unknown price tag. Despite all that floor area, there are just three bedrooms, meaning much of the space has been turned over to entertaining. Built in 1935, the apartment enjoys no fewer than five private outdoor terraces.

? Finally, an apartment with a price tag: $990K. The recently renovated flat measures 2,700 square feet and manages to replicate its Parisian counterparts in nearly every facet, but, thankfully, has a much-larger-than-euro kitchen. The three-bedroom pad also features maid's quarters and a balcony. Not bad for under $1M.

? An even better deal, for those not opposed to some quirks, is this 1,600-square-foot, two-bedroom dubbed a "Rationalist Apartment" in the brokerbabble. A private interior courtyard, an exterior patio, and a private entrance make the $465K price tag seem all the more reasonable. The only hiccup is a kitchen that's been "modernized," but is equipped with some underwhelming appliances.

? To get in on the ground floor in Recoleta—without living on the ground floor—value-minded buyers would do well to check out this petite studio, currently on the market for $115K. The place measures just 270 square feet, but comes furnished and sits in a new building with a doorman, rooftop pool, jacuzzi and grill.

· Marcelo T. de Alvear 1700 [Sotheby's]
· Guido 1600 [Sotheby's]
· Luxury Recoleta [Viviun]
· Rationalist Apartment [Sotheby's]
· Hotel style studio apartment [ba4u]