Historic House for Sale, Remodeled with Garden, Terraces and Hotel Permit

Luxury Home for Sale in Condesa: A Unique and Exclusive Space. Some properties can be replicated—and then there's this one. Located on the tree-lined streets of Colonia Condesa, one of Mexico City's most internationally celebrated neighborhoods, this Porfirian-era residence stands as one of the last of its kind: a fully restored 430 m² house with an original Art Nouveau structure, reinterpreted from the ground up by Habitación116, Mexico's leading luxury interior architecture studio. Built in the early 20th century, the house proudly carries its history. The original entrance door—leaded glass framed in black iron—opens onto a grand staircase clad in hand-laid terrazzo. Geometric mosaic floors in deep garnet, ivory, and black tones run through the main hallways. Ornate plaster cornices frame spaces with double-height ceilings. And the jewel of the property: a spectacular original bay window, hand-painted with botanical motifs and a landscape in amber and blue tones, now serves as the backdrop for the morning lounge. Against this heritage architecture, Room116 introduced a language of understated warmth: floor-to-ceiling walnut woodwork, marble sinks integrated into antique Chinese cabinetry, cork-inlaid floors that absorb sound and light alike, and a dramatic interior garden—a lush patio visible through steel-framed glass walls that flood the spaces with greenery and natural light. A private terrace with a hammock overlooks the garden from above. The property currently operates as four thoughtfully designed suites, each with a full bathroom, separate entrance, and distinct personality—the result of years of conscious curation, not a developer's formula. The double-height common area, surrounded by bookshelves of art and design books, functions as a natural gathering place. Morning light streams in through the stained glass. The garden murmurs softly outside. For investors, the numbers are equally compelling. The property generates $15,000 USD in stable monthly rental income—$180,000 USD annually—and boasts an active boutique hotel permit, one of the most difficult designations to obtain in Condesa. With an asking price of $5,500,000 USD, the implied capitalization rate is 3.27%, in line with the prime market in Mexico City. The hotel permit opens a second chapter: with four suites averaging $580 USD per night and a stable occupancy rate between 75% and 85%, the revenue potential as an operating boutique hotel exceeds $635,000 USD annually. Colonia Condesa needs no introduction to international buyers. Frequently cited alongside neighborhoods like Prati in Rome, Saint-Germain in Paris, or the West Village in New York, it has established itself as one of the world's great urban neighborhoods—walkable, culturally vibrant, and with consistently high demand. Properties of this caliber, with this history and this type of permit, simply don't return to the market. Starting price: USD $5,500,000. Available to qualified buyers.

Colonia Condesa, Cuauhtémoc, Ciudad de México

4 bedrooms

2 parking lot

420m² construction size