Source: Where to go next!
09.11.2008
Algodon Wine Estates, located in Mendoza, Argentina, offers all of this, as well as plans for a polo field and equestrian center, an expansion of the current 9-hole golf course to 18 holes, a luxury hotel, 10 tennis courts and one grand tennis stadium.
A real estate venture with a unique winemaking angle, 300 home sites are currently being developed throughout the estates and are available for private sale. Buyers will not only own the house and have access to all of the estate's amenities, but will own the wine that their land produces as well. Once produced and bottled the wine can be personally labeled - perhaps one's last name? Or one's company name? - and shipped to a location of choice.
Lodge: Prices for the home sites start at around 50,000 USD, and the average size is 2.5 acres (1 hectare). In addition, 50 casitas and 12 tennis villas (approximately 2,000 square feet each) are being developed which will overlook the tennis complex.
Barrel Program: An added highlight is owning one's own wine label without purchasing property, by buying a barrel of wine (with a simple click of the mouse on Algodon Wine Estate's website: http://www.algodonwines.com/barrelprogram/index). Prices start at 4,000 USD and each barrel yields 290 bottles and may be used up to three times. The barrel owner is entitled to two complimentary nights at the estates in order to taste the wine at the end of the first aging period.
Why Argentina?
Believed by many experts to be the next big hotspot for property investment, Argentina's economy has experienced strong growth in the past few years - 8% so far this year - and new real estate and commercial ventures are emerging all over the country. With the US dollar/Argentine peso exchange rate remarkably in favor of the US, the number of American tourists visiting Argentina has grown by 35% from 2005 to 2007 and is expected to break records for 2008.
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