PayPal co-founder Peter Thiel has purchased a mansion in Buenos Aires for approximately $12 million, according to a report from Forbes Argentina. The property is located on Dardo Rocha Street in Barrio Parque, an exclusive neighborhood within Palermo Chico known for its large homes and embassy residences.
This acquisition adds to Thiel's growing global real estate portfolio. He has been spending time in Argentina and meeting with local officials, including President Javier Milei, indicating a broader interest in the country. The report suggests his presence may be linked to wider investment considerations. Thiel also owns properties in other countries, such as New Zealand.
Peter Thiel's Argentina property details
According to the Forbes Argentina report, the mansion spans approximately 1,600 square meters (about 17,200 square feet). It was designed by renowned Argentine architect Alejandro Bustillo. The house features formal living and dining areas, multiple bedrooms, office space, a wine cellar, and a garden-facing terrace.
The property is situated in a part of the city where such homes are limited and rarely available for sale. The interior has been rebuilt while preserving the original structure. Barrio Parque is described as one of Buenos Aires' high-value residential areas, near homes owned by public figures, including Argentine television personality Susana Gimenez. Increased private security has been observed around the property.
The purchase price is among the highest for residential transactions in the area. According to a real estate firm cited in the report, such transactions are influenced by location and limited availability of similar properties.
"It is very cheap for a world capital city," Buenos Aires real estate consulting firm BuySell BA noted in a widely circulated post about the deal. "It won't be his last property purchase in Buenos Aires. And more of his associates and colleagues are also looking," BuySell BA added.
