Hot Market: San Miguel De Allende, Mexico

By Coldwell Banker Global Luxury By Coldwell Banker Global Luxury | January 5, 2024 | Home & Real Estate, Sponsored Post,

From its colorful Spanish architecture to its upscale amenities, San Miguel is attracting more international luxury buyers than ever. Here’s why.

Boasting unique artistry and unparalleled indoor-outdoor living, this extraordinary residence, Casa Atemporal, is one of few homes that enjoy an ideal central location in the heart of San Miguel De Allende’s historic center (centro). Situated just steps away from century-old Juarez Park, a community hub for diverse activities and cultural festivities, Casa Atemporal combines the region’s colonial architecture with modern style and functionality—providing an exquisite glance into the lifestyle of San Miguel De Allende, Mexico.

“This area is where the heart of the city beats, and San Miguel is known as the heart of Mexico, so that would make this area technically the heart of the country,” listing agent and Coldwell Banker SMART Property Specialist Daniel Ortiz says. “This is where I work and play, and I get to do it most of the time by walking around, which leaves me time to enjoy a good coffee and stop by the galleries, shops and restaurants while catching up with clients and friends.”

The City

Known for its colorful Spanish Colonial architecture, thriving arts scene and rich culture, this charming Mexican city is hard not to fall in love with. As a UNESCO World Heritage site, most of the buildings in San Miguel’s centro remain in their historic, original form—making it a truly picturesque place to explore. Its narrow cobblestone streets are lined with eye-catching homes in shades of yellow, red, pink and orange, as well as plenty of local artisan markets, a plethora of museums and a wide range of restaurants to explore. With street art on every corner and cultural fiestas nearly every day, San Miguel packs a lot of excitement for such a small city.

The Region

Although San Miguel is landlocked, unlike most Mexico tourist destinations, the landscape surrounding the city has immense natural beauty and historical structures ripe for exploration. Situated in the state of Guanajuato within Mexico’s hilly central highlands, the city is just a short trip from lush wineries, nature preserves and thermal hot springs, along with ruins of ancient temples and archaeological sites like Cañada de la Virgen. Visitors and locals alike can explore the region via guided horseback rides or on foot.

The Expats

Bursting with culture and engulfed in history, San Miguel is drawing in more luxury buyers than ever—and for good reason. Not only does the colonial-style city have a vibrant atmosphere and endless opportunities for exploration, but it also has one-of-a-kind luxury homes, and high-end amenities to match. From upscale destination restaurants to opulent hotels, San Miguel has no shortage of modern luxuries to complement its history-rich streets, and, as one of the safest cities in Mexico, it’s no surprise that the city has become a haven for American expats.

“We have seen more luxury higher-end real estate being bought by American expats in the last 2 years than in the last 8 years combined,” Ortiz says. “Our market is finally reaching an audience that is connecting to our destination and the fabulous architecture that can be found here.”

Along with Casa Atemporal, Ortiz has worked with several higher-end homes in San Miguel that each offer a unique sense of luxury and serenity. For example, Casa Nomada features vast views in the center of San Miguel’s most prestigious countryside development, Candelaria. Another one, Casa de la Espiga, built in 1717, still has preserved stonework, arches and an original sign from the bustling bakery it used to be. Located in “La Santísima Trinidad,” one of the most beautiful and charming wooded vineyards in the region, Casa Poema exudes elegance and comfort. With so many different kinds of architecture and styles, each home feels special and one-of-a-kind.

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