The place
Villa La Angostura sits quietly on the southern shore of Lago Nahuel Huapi. It is intimate, unhurried, and deliberately exclusive.
The National Park occupies three sides of the town. Municipal regulations prevent densification and control subdivision.
Cumelén Country Club and Las Balsas have sustained premium demand for generations. Cerro Bayo offers boutique skiing and the Ruta de los 7 Lagos begins at the town's edge.
Investment case
In late 2025, Eduardo Costantini committed approximately USD 250M to Bosque de Lumas. When the most sophisticated developer in Argentina makes that bet, it is not a signal to evaluate — it is a signal to act on.
National Park on three sides and municipal code preventing densification.
Diversified, resilient international demand.
Premium validated by Cumelén, Las Balsas, and Puerto Manzano.
Only 39% of residents were born in Neuquén: the highest in-migration profile in the province.
Key data
- 84-90% average hotel occupancy January 2026 · peak 93-95%.
- +94% population growth 2001-2022 (7,354 -> 14,246 residents) · INDEC.
- USD 250M committed to Bosque de Lumas · Costantini / Consultatio.
What's available — asking prices May 2026
Asking prices from active listings — not closing prices. Sources: Zonaprop · Argenprop · Adinco · MercadoLibre · Reynolds · Coldwell Banker (May 2026).
- Centro / El Cruce: apartments USD 84K-135K · entry lots USD 50K-90K.
- Lake view / Las Balsas: lots USD 56K-160K · 400-1,400 m2.
- Cumelén Country Club: lots USD 63K-550K · houses USD 139K-1.55M.
- Puerto Manzano / direct lakefront: available on request.
Market data updated: May 2026
Fly fishing & natural assets
The Río Correntoso connects two glacial lakes and is a recognized fly fishing destination. Lago Nahuel Huapi holds approximately 86 km3 of some of the purest freshwater in the Southern Hemisphere.
"Villa La Angostura is the market I watch with more opportunities. The lot that exists today in Las Balsas or Puerto Manzano will not exist tomorrow — not because someone is listing it, but because someone is holding it. The best positions here have always moved through relationships, not portals."
Sebastian Grazzini, CEO & Founder, Patagonia Estate
Every investment in this zone contributes to Roots Initiative — reforesting fire-affected areas of the Patagonian lake district.