CASA TIERRE CUENCA: Unique, Turnkey, Historic Colonial Home is Great Investment, Airbnb or Live-In Home

Cuenca, Cuenca, Azuay, Ecuador

Basic Listing Information

Price:: $565,000

Listing ID:: RS2300312
Property Type:: Colonial Home in El Centor, Cuenca
Listing Type:: Residential Sale
Status:: Active
Images:: 75

Beds/Baths:: 7/9
Location Type:: Urban
View Type:: City View, Garden View, Valley View
Total Lot Size:: 3,709.23 sq ft (344.60 m²)

Listing Images

See what the agent says about this listing (original title and description):

Unique, Turnkey, Historic Colonial Home is Great Investment, Airbnb or Live-In Home

Casa Tierra is a unique, turnkey, historic colonial home in Cuenca's El Centro area and is a great investment, Airbnb or live-in property. If you’ve ever longed to own a boutique, colonial Airbnb or an exclusive bed and breakfast ... or if you are a family wishing you could live in an award-winning, furnished, patrimonial home in the heart of this beloved UNESCO World Heritage Site city, while having immediate, built-in income... this fabulous 3-story property has it all. The home includes a furnished 3000 sq. ft colonial home that can be the owner’s home, the on-site managers living quarters, or a high-end family Airbnb suite. There are also 3 self-contained, fully furnished suites (which have access to a central garden and courtyard with a fountain and a shared laundry room). In the beautiful courtyard, you’ll also find a covered gazebo with electrical outlets so digital nomads and remote workers can enjoy a quiet, outdoor work experience in the heart of downtown. In addition, the property comes with a full commercial space with a kitchen, dining room, bathroom, indoor and outdoor garden seating, and a separate office. Currently, the commercial space is a highly successful café, popular with visitors and locals alike. As an Airbnb owner, there’s nothing better than having a garden café with great-tasting coffee and treats right on the premises.

Long Description

Casa Tierra is a unique, turnkey, historic colonial home in Cuenca's El Centro area and is a great investment, Airbnb or live-in property. If you’ve ever longed to own a boutique, colonial Airbnb or an exclusive bed and breakfast ... or if you are a family wishing you could live in an award-winning, furnished, patrimonial home in the heart of this beloved UNESCO World Heritage Site city, while having immediate, built-in income... this fabulous 3-story property has it all. The home includes a furnished 3000 sq. ft colonial home that can be the owner’s home, the on-site managers living quarters, or a high-end family Airbnb suite. There are also 3 self-contained, fully furnished suites (which have access to a central garden and courtyard with a fountain and a shared laundry room). In the beautiful courtyard, you’ll also find a covered gazebo with electrical outlets so digital nomads and remote workers can enjoy a quiet, outdoor work experience in the heart of downtown. In addition, the property comes with a full commercial space with a kitchen, dining room, bathroom, indoor and outdoor garden seating, and a separate office. Currently, the commercial space is a highly successful café, popular with visitors and locals alike. As an Airbnb owner, there’s nothing better than having a garden café with great-tasting coffee and treats right on the premises. Casa Tierra Cuenca is perfectly situated on Hermano Miguel in the Las Platos neighborhood of Cuenca (also known as Todo Santos)-- an area that won the "Best Neighborhood" award from the local publication, Gringo Post, in 2016. The property is 4 blocks from the city center and Parque Calderon and 2 blocks from one of the nicest parks (Parque de la Madre) and the city’s largest river, the beautiful Tomebamba. The Tram is 4 blocks from this home and Calle Larga (central bus lines) is only two blocks giving tenants and owners access to transportation without the noise and pollution of being directly on a bus route. Everything the city has to offer in El Centro is within walking distance from this ideal property, and just across the river is the new part of Cuenca, with additional restaurants, shops, banks, and hospitals. The main unit of the home is a three-bedroom, three-bath 3,000 square foot apartment. It has its own entrance from the front of the house, as well as an entrance from the courtyard, its own private patio on the third floor, a very large custom kitchen (granite counters, dishwasher, center island and artisanal tile backsplash), a dining area with a large dining table and chairs, a balcony off the master bedroom, a large loft overlooking the formal living room and secured storage space. There is also a garage behind the house. The three other suites come equipped with kitchenettes and full, en-suite bathrooms. They also have room-appropriate appliances, kitchen accessories, bedding, linens and everything needed for a long-term stay – all included in the purchase price. High-speed fiber optic Internet is in every suite and each suite has its own dedicated router. The Morgan Suite is located where the formal dining room and kitchen of the original colonial home once stood and has beautiful, colonial tiled floors. It is found on the 3rd floor of this 3-story home and has a very cozy bedroom with rooftop views of the city, a good-sized, en-suite bathroom, a large open-concept living, dining and kitchen area, gorgeous woodworking and a walkway that overlooks the home’s interior courtyard. The Grace Suite is located on the first level of the house and has one bedroom/living space, a full kitchen, a full bath and a kitchen and dining area. This apartment opens up directly into the courtyard. The living/sleeping area was originally one large room separated by a curtain in which two women lived. The kitchen was another bedroom, which housed the head maid. The third suite, the Sofia Suite. is located on the second level of the house and has one large bedroom, one smaller bedroom or office area, a living room, a full kitchen, and a full bathroom. This level of the house originally contained three bedrooms for the family of 10 that once lived here. The wall of the living room was pushed out to enclose the original walkway of this level and created a very warm and comfortable living space. The suites in Casa Tierra Cuenca are consistently occupied and receive rave reviews and oftentimes repeat tenants. The current owner bought this property to live in at one time, and so kept rental prices very low ... especially after Covid. An investor or couple looking to make great money and put the time in could easily generate up to $5,000- $7000 a month. The cafe is rented out for $650 per month. This popular downtown property was renovated by a North American couple with the help of esteemed Ecuadorian architect, Lourdes Abad, who is renowned for her work with preserving historic earthen buildings. A sought-out lecturer at UNESCO conferences around the world, Ms Abad is known in Cuenca for revitalizing famous landmarks including Puente Roto (Broken Bridge) and the San Francisco Church. Casa Tierra Cuenca and the architect were awarded the coveted "Fray José María Vargas" Award for best historical renovation by the city of Cuenca and the home was featured in a publication of UNESCO Heritage renovations, making this an even greater investment and a cultural treasure for any buyer. During its renovation, the home and its owners were also featured on a special one-hour episode of "House Hunters International Renovation" television show titled “Cuenca Calling” which aired in July of 2016. A new roof, the gazebo and fountain, and updates have been implemented consistently by the current owner. Casa Tierra Cuenca is a unique, turnkey, historic colonial home in Cuenca’s El Centro area and is a great investment, Airbnb or live-in property. The list price for this fully-furnished downtown gem is $565,000.

Details

Number of Bedrooms:	7
Number of Full Bathrooms:	9
Total Living Area:	2,792.15 sq ft (259.40 m²)
Total Lot Size:	3,709.23 sq ft (344.60 m²)
Number of Stories:	3
Roof Type:	Clay Tile
Floor Covering:	Floating Floor, Tile, Wood
Construction Type:	Brick, Concrete, Wood
Construction Status:	Completed
Year Built:	1923
Year Remodelled:	2017, 2022
Air Condition & Heating:	No
Furnished Type:	Fully
Pool:	No
Jacuzzi:	No
Parking:	No

Geography

Location:	Cuenca, Cuenca, Azuay, Ecuador
Country:	Ecuador
State:	Azuay
County:	Cuenca
City/Town:	Cuenca
Location Type:	Urban
Geographic Type:	Highlands
View Type:	City View, Garden View, Valley View

Infrastructure

Street Access Type:	Paved Road
Type of Water:	City Water
Type of Electricity:	Public
Type of Sewer:	Public
Type of Internet:	Cable Internet
Type of Television:	Cable Television

Financial/Legal

Price per Air-Conditionable Living Area:	$2,178.10/m² ($202.35/sqft)
Price per Square Meter:	$1,639.58/m² ($152.32/sqft)
List Price:	$565,000
Ownership Type:	Personal

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