Península: the historic heart of Punta del Este
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Buy, invest and rent in Península
La Península is the original Punta del Este: the strip of land where the bay of La Mansa meets the ocean of La Brava. Here you'll find the marina, the pedestrian walk and Avenida Gorlero, Plaza Artigas with its market, the Iglesia de la Candelaria, and the 1860 lighthouse that gives the city its name.
It's the area where you can live without a car: cafés, restaurants, pharmacies, banks and supermarkets just a few blocks away, and two different beaches a ten-minute walk away. That's why it combines permanent residents, lifelong summer visitors and buyers looking for a unit to rent out in season with guaranteed demand.
The offering is mostly apartments: classic buildings from the sixties and seventies with very good square footage, towers with port or sea views, and small units ideal for investment. We work throughout the Peninsula — Puerto, Gorlero, Playa de los Ingleses, El Emir — with real information and direct advice.
Market data for Península
As of September 2026, an apartment in Península is listed at a median price of USD 280.000 (USD 3.478/m²); a house, at USD 1.160.000; the first half of January, a 2-bedroom apartment rents on average for USD 4.650.
Sales: medians from listings published on MercadoLibre and InfoCasas, surveyed in September 2026 (excluding off-plan projects). Rentals: average published prices for the 2027 summer season in Península (our own survey, September 2026); the full table by period is in the seasonal rental guide. More figures by zone and sub-zone in the market report.
Where is Península located
Península · Punta del Este, Maldonado, Uruguay
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0 in the areaUnderstanding Península: the historic heart of Punta del Este before you decide
Three takes from the team, with concrete local market data.
- OwnersYear-round rental: a guide for ownersPrice, lease, guarantees and tenant selection.
- LifestyleLiving in Punta del Este all year roundSchools, healthcare, connectivity and the neighborhoods permanent residents choose.
- ReportPrice per m² by area in Punta del EsteReference price ranges for each neighborhood, sale timelines and negotiation margin.
Frequently asked questions about Península
How much does an apartment cost in Península?
As of September 2026, the median asking price for an apartment for sale in Península is USD 280.000, about USD 3.478/m². 2-bedroom units run around USD 250.000. These are asking prices: the closing price is usually 6% to 10% lower.
How much does a house cost in Península?
The median listed price of a house for sale in Península is USD 1.160.000 (USD 3.324/m²). It varies a lot with the lot, the distance to the sea, and whether it has a pool.
How much does it cost to rent in Península in January?
For the 2027 summer, a 2-bedroom apartment in Península is listed on average at USD 4.650 for the first half of January; a 3-bedroom house, at USD 13.000. The second half of January is listed between 25% and 40% cheaper, and February between 35% and 50% below the first half of January.
How far is Península from downtown and the beach?
Península is the very center of Punta del Este. Nearest beaches: Playa de los Ingleses, El Emir and El Puerto, within walking distance.
What makes the Península in Punta del Este so special?
It's the city's historic and commercial center: the port, Gorlero, the lighthouse and both beaches —Mansa and Brava— within walking distance. It's the area with the most life outside the summer season and the most practical for living without a car.
What type of property can you find in the Península?
Almost everything here is apartments: classic buildings with generous square footage and views of the harbor or the sea, newer towers, and one- and two-bedroom units that are highly sought after for seasonal rental.
Is Península a good choice for rental investment?
It's one of the areas with the most consistent demand, both seasonal and year-round, due to its proximity to amenities and beaches. Which units perform best depends on the building and its building fees: we'll show you the numbers for each case.
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