Rīga, Centrs, Palasta iela 9 Centrs

3 rooms · 100m² · Floor 3/4

Area:100 m²
Price/m²:€2700
Rooms:3
Floor:3/4

Location

Rīga, Centrs, Palasta iela 9

Centrs

Facilities

Garage
Gas
Sauna
Security
Water Supply

Price History

Description

Exclusive Duplex Apartment in the House of Peter the Great – Palasta Street 9, Old Town RigaAn exceptional opportunity to acquire a prestigious duplex apartment located in the very heart of Riga’s Old Town, within the historic House of Peter the Great, part of the Peter I Palace complex. The building is a state-protected cultural monument and ranks among the most distinguished addresses in the city.The property holds outstanding historical significance: from 1672 to 1725 the residence was home to Tsar Peter the Great, lending the apartment a rare sense of legacy, status, and timeless value.Building & Infrastructure+ The building underwent a comprehensive restoration in 2006, carefully preserving its historical character while integrating modern engineering solutions.+ All major systems were fully replaced, including water supply and sewage (hot and cold water), electrical wiring, and a modern exhaust ventilation system.+ High-quality wooden double-glazed windows and contemporary radiators with thermostats were installed.+ New metal sheet roofing.+ A representative entrance hall with concierge service, ensuring comfort and security.+ Autonomous heating system with a gas boiler located in the building’s basement, offering efficiency and cost control.Apartment LayoutThe apartment is intelligently arranged over two levels, creating the ambiance of a private residence within a historic urban setting.+ First level: an impressive 50 m² entrance hall, ideal for entertaining and representative purposes; kitchen — 7 m².+ Second level: corridor, elegant, combined bathroom (7 m²), a multifunctional room suitable for a sauna or utility space (5 m²), and two bedrooms measuring 16 m² and 17 m² respectively.Investment ValueA professional valuation has been completed, placing the property’s value at EUR 283,000 upon completion of renovations, corresponding to approximately EUR 2,830 per m².This residence represents a rare combination of historical heritage, architectural prestige, and long-term investment security, making it an ideal choice for discerning buyers seeking exclusivity in one of Europe’s most charming Old Towns.Read more