Quinta Penélope

Located on Alhóndiga Street within the highly sought-after Villa de los Frailes neighborhood, this exceptional property beautifully combines the architectural charm of San Miguel de Allende with an outstanding income-producing opportunity.

Set on a generous 510 m² lot with 392 m² of construction, this unique estate offers privacy, tranquility, and a versatile layout ideal as both a primary residence and an investment property.

Main Residence | Timeless Design & Colonial Charm

The main house is offered unfurnished and features a thoughtfully designed layout that maximizes natural light and seamless indoor-outdoor living.

Upon entering from street level, you are welcomed by a stunning double-height foyer leading to:

• 1 bedroom
• 1 full bathroom

Half a level down, you will find:

• 2 additional bedrooms
• 1 full bathroom
• Direct access to the beautiful garden

Half a level up is the home’s inviting social area, featuring:

• Kitchen
• Living room
• Dining area

This space is highlighted by exquisite handcrafted brick vaulted ceilings, an iconic architectural element of the region that adds elegance, warmth, and authentic colonial character.

Independent Apartment Building | Turnkey Investment Opportunity

The property also includes a separate building with 3 studio-style apartments distributed across multiple levels, designed for comfort and privacy.

Layout:

• 2 studio apartments featuring:
• 1 bedroom
• 1 full bathroom
• Kitchenette
• Living and dining area
• 1 apartment featuring:
• 2 bedrooms
• Living and dining area
• 1 full bathroom

Fully Furnished

All apartment units are sold fully furnished and ready to rent, making this an ideal opportunity for immediate cash flow through vacation rentals or long-term leasing.

Garden & Outdoor Spaces | A True Sanctuary

• Expansive garden ideal for relaxing and entertaining
• Mature fruit trees including:
• Lemon
• Mandarin orange
• Avocado
• Guava

The property’s façade is framed by vibrant bougainvillea in multiple colors, creating the romantic and picturesque atmosphere that defines the most beautiful homes in the area.

A Rare Opportunity in San Miguel de Allende

This property offers the perfect balance between lifestyle and investment — ideal for buyers seeking a peaceful home in a secure, tree-lined neighborhood while benefiting from an established income-generating real estate opportunity.