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.