Last Updated on February 14, 2025
In Bolivia, it’s common to find very expensive houses and other types of properties in the most exclusive or commercial areas and neighborhoods. Furthermore, nearly every downtown area of any major Bolivian city has properties that easily exceed $1 million in price, and it’s not uncommon to find houses priced up to $3 million.
The most expensive houses in Bolivia, excluding highly extravagant properties, have an average sale price of $3 million. The most expensive apartments are around $250,000. The most expensive 40-story buildings are around $60 million. It’s very rare to find homes priced over $10 million in Bolivia.
Here, we’ll discuss the typical prices for truly expensive houses in Bolivia, including other property types like apartments, land, and buildings. We’ll also explain why these properties are so expensive and why it’s difficult to find extremely costly houses above $10 million. We are Bolivian real estate experts (see our Bolivian website).
Prices of Truly Expensive Houses in Bolivia
Bolivia has genuinely expensive houses, at least from the perspective of Bolivians. Some of these homes can have sale prices around $3 million, but it’s very unusual to find houses priced higher than that.
If you examine the top 1% of the most expensive houses in Bolivia, you’ll find the following characteristics:
- They are located:
- In the most exclusive neighborhoods and areas of Bolivia’s major cities.
- In Bolivia’s most commercial areas.
- In the downtown areas of major Bolivian cities.
- The land these properties occupy, without any buildings, has a price of between $90 and $150 per sq ft. Therefore, a typical 4,000 sq ft lot for one of these very expensive houses can reach a sale price of $600,000.
- The construction costs for these very expensive homes average between $50/sq ft and $100/sq ft. Consequently, building a typical 3,000 sq ft luxury home on this land can cost up to $300,000.
- Therefore, in the market, these houses typically have sale prices of around $1 million. For instance, a typical 4,000 sq ft property with a 3,000 sq ft luxury home ($600,000 + $300,000 = $900,000 + profit margin) can have a market price of around $1,000,000.
As you can see, a typical house in Bolivia located in an exclusive neighborhood, a highly commercial area, or the city center can easily exceed a sale price of $1 million.
In this country, houses can be very expensive not because of their construction quality, exceptional design, or luxuries, but because of their location. It’s very uncommon to find a house here that reaches an astronomical sale price solely due to its design, construction quality, or extravagant features. In reality, the primary factor driving up the price of most houses in Bolivia is their location.
In developed countries, it’s easy to find houses priced at $10 million or more. Unfortunately, these extremely expensive standalone houses are almost non-existent in Bolivia. Instead, you’ll find that the wealthiest individuals here own properties valued between $1 million and $3 million, and these properties are located in:
- The most exclusive neighborhoods of major Bolivian cities:
- Calacoto and San Miguel in La Paz.
- Cala Cala in Cochabamba.
- Equipetrol and Urubo in Santa Cruz.
- The downtown areas of major Bolivian cities:
- The historic downtowns of these three major cities.
- The most commercial areas in these cities:
- La Ceja in El Alto.
- Max Paredes in La Paz.
- 2do Anillo (2nd Ring) in Santa Cruz.
- La Cancha in Cochabamba.
Extremely extravagant houses with numerous luxuries are almost non-existent in Bolivia. You won’t find many very wealthy neighborhoods where these houses might be located. This is because a truly wealthy individual in Bolivia (with a net worth of around $30 million) is simply an average wealthy person in a developed country, and they may not be able to afford to build or own extremely expensive homes comparable to those found in developed nations.
The wealthiest neighborhoods in Bolivia typically have houses comparable to those owned by high-income individuals in developed countries like the US. These houses are commonly appraised between $500,000 and $3,000,000.
The Most Expensive Real Estate Properties in Bolivia
Now we’ll present the most expensive houses, *categorized by property type*, that are available here:
- The most expensive single-family homes.
- The most expensive apartments.
- The most expensive land lots.
- The most expensive buildings.
| Type of Expensive Property | Highest Price (Approx.) | Average Price |
| Luxury Single-Family Homes | $3,000,000 | $1,000,000 |
| Most Expensive Land (4,000 sq ft) | $600,000 | $400,000 |
| Luxury Apartments | $250,000 | $180,000 |
| Tallest Skyscrapers | $60,000,000 | $20,000,000 |
1) The Most Expensive Single-Family Homes
Very expensive single-family homes are commonly found *within Bolivia’s most exclusive neighborhoods*, where the average price is $750,000 for a house. It’s worth noting that many foreigners and expats reside in these neighborhoods.
These properties typically have prices ranging from $500,000 to $1,000,000 in most cases. Rarer homes, the outliers in these neighborhoods, can reach prices of $3,000,000 or more.
2) The Most Expensive Apartments
The most expensive apartments are also located in the best neighborhoods where Bolivia’s wealthiest individuals live, along with many expats. These apartments are within condo high-rises that can reach 20 or 40 stories.
A two-bedroom, 1,000 sq ft luxury apartment can have a price of $120,000. A four-bedroom, 2,000 sq ft apartment of this type can be priced around $250,000 or higher.
3) The Most Expensive Land Lots
The most expensive urban land is also situated in areas with a high concentration of affluent residents or significant economic activity. These land lots are used for constructing multi-family high-rises, commercial malls, or luxury houses in exclusive, wealthy neighborhoods.
These land lots have prices ranging from $90/sq ft to $150/sq ft. Therefore, a typical 4,000 sq ft lot can have a sale price ranging from $360,000 to $600,000.
4) The Most Expensive Buildings
Numerous buildings and high-rises have been constructed in Bolivia’s major cities. Some are very tall, reaching 30 or 40 stories. These buildings are primarily condominiums, owned by numerous families, each with their own apartment. An average 10-story high-rise in Bolivia can cost around $1,500,000.
However, very expensive high-rises, reaching 30 to 40 stories (the tallest currently in Bolivia), can have a price of up to $60,000,000. One example of these buildings is the Torres Mall high-rise, located in the central part of La Paz city.
The apartments within these buildings are generally also luxury units with sale prices of around $150/sq ft. Therefore, a 1,500 sq ft apartment in these expensive skyscrapers can have a price of $225,000.
The Most Expensive Houses to Rent in Bolivia
We’ve just presented the details about the most expensive properties for sale in Bolivia. Now, we’ll discuss the most expensive properties *for rent* in our country.
The Most Expensive Single-Family Houses to Rent
The most expensive rentals available in Bolivia range from $3,000 to $5,000 per month. The same most expensive single-family houses we described in the previous section command these rental prices. Therefore, you could expect to rent a $1,000,000 house for around $4,000/month in Bolivia.
In rare cases, you might find houses for rent for around $10,000 per month or more, but these are uncommon in the market. Properties with this rental amount typically correspond to homes valued at over $2 million.
The Most Expensive Apartments to Rent
The most luxurious and expensive apartments, located in Bolivia’s best neighborhoods and most commercial zones, are available for rent at a rate of $0.7/sq ft per month. Therefore, if you want to rent a 1,500 sq ft apartment of this type, it will cost you between $900 and $1,200 per month.
However, there are even larger, rarer, and more expensive apartments of 2,000 sq ft or 3,000 sq ft that can be rented for a monthly payment of $1,500 or $2,500, respectively.
Conclusions:
In this article, you’ve seen how expensive the most luxurious houses in Bolivia can be, as well as other property types like land, apartments, and buildings. We’ve shown you that the most expensive single-family houses in this country are around $3 million, with an average price of over $1 million.
You’ve also seen that the most expensive land lots, with an average size of 4,000 sq ft, can be found for around $0.5 million. Additionally, the most expensive apartments available on the market have an average price of $250,000. Finally, the most expensive buildings and high-rises in Bolivia are around $60 million.
You’ve also learned that truly expensive properties in Bolivia are expensive primarily due to their location, not necessarily their design, extravagance, or luxury. Properties located in the best and most exclusive neighborhoods, in the most commercial areas, or in the downtown areas of cities are the most expensive. Finally, you’ve seen that single-family homes valued at over $10 million are almost non-existent here.
We hope this information has been helpful. If you’d like to know how much *all* types of houses cost in Bolivia, including affordable and average-priced homes, please visit our dedicated guide here: How much does a house cost in Bolivia? All the numbers and facts.
CasasenBolivia.com, information on living, working, investing, and traveling in Bolivia.
