Elizabetes iela 18

LV | Riga

Where Quality

Meets Comfort

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Uģis Pumpurs

Presented At

€710,000

Bedrooms

Bathrooms

Living

1,591

SQFT

Stories 1

Fireplace

High Ceiling

Open Kitchen

Library

Office

Stone Countertops

Air Conditioning

Elevator

Washer Dryer

Walk In Closet

Basement

Garage

Parking

City View

Privacy

Panoramic / Scenic View

Renovated

Investment Property

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 1

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 2

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 3

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 4

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 5

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 6

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 7

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 8

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 9

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 10

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 11

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. - Photo 12

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Elizabetes iela 18

LV | Riga

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia. , LV , Riga

Elegant Four-Room Residence on Elizabetes Street – Timeless Luxury in Riga’s Historic Centre

For sale is a refined and spacious four-room apartment located at Elizabetes Street 18 – one of Riga’s most prestigious and architecturally distinguished addresses. Just steps away lie Kronvalda Park, Esplanade, and Vērmanes Garden, offering a green escape in the very heart of the city. The neighborhood seamlessly blends tranquillity with metropolitan advantages, surrounded by elegant residences, embassies, fine dining restaurants, boutiques, and cultural landmarks. This distinguished building, originally designed by renowned Latvian architect Jānis Frīdrihs Baumanis, has been fully reconstructed to the highest standards. Historic architectural details are carefully preserved, while modern comforts enhance everyday living – including a glazed atrium, an impressive lobby, and secure underground parking. The apartment features oak parquet flooring, fireplaces, soundproof windows, and an integrated smart home system. Kitchens are fitted with premium German cabinetry and Miele appliances, with selected residences also offered fully furnished. The property comprises 21 exclusive apartments, including duplex layouts, as well as storage facilities and underground parking. On the ground floor, thoughtfully planned commercial spaces will further enrich the vibrant urban environment. Directly opposite lies the prestigious Bergs Quarter – home to a luxury hotel, gourmet restaurants, and a fitness centre – creating an ideal setting for a sophisticated lifestyle in the very centre of Riga.

Exterior

Property

Gallery

3D Street View Tour

Property Location

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia., LV Riga

Local Weather & Climate

LV, Riga

Current Conditions Updated recently

19 °F

Overcast clouds

Feels Like 19°F

Humidity 94%

Wind 1 mph

Visibility 5 mi

Sunrise 5:32 AM

Sunset 3:41 PM

5-Day Forecast

Mon 23 Feb

Clouds

High 31°

Low 19°

Tue 24 Feb

Clouds

High 32°

Low 17°

Wed 25 Feb

Clouds

High 29°

Low 7°

Thu 26 Feb

Clouds

High 28°

Low 6°

Fri 27 Feb

Clouds

High 32°

Low 20°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around LV?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

€

Down Payment

€100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for Eurozone. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on Eurozone tax year 2025 (fiscal year: January-December). Tax laws change frequently and may have been amended since this data was compiled.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$710,000

Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia.

LV, Riga

3 Beds

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Market Opinion

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Our perspective on current market conditions in LV. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis

International luxury real estate typically appreciates steadily over time.

Buyer Score

Estimated regional appreciation: 4% annually

Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $71,000,000 20% down ($14,200,000)

Investment Perspective

$1 → $1.36

Every dollar invested today could become $1.36 in 10 years

$100 → 136 $1,000 → $1,362

$6,101/day

Your home may appreciate while you sleep

$42,824/week $185,572/mo $2,226,870/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$281K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 8% advantage over stocks

-$39.1M

+$55.4M

$55.4M Potential Equity

vs $39.1M lost to rent over 10 years

$14.2M Down Payment Growth

3.9x

10yr

$55.4M

8.1x

20yr

$114.7M

12.6x

30yr

$179.3M

Wealth Comparison

×427

Equivalent to 427 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $179.3M

Time to Double Your Investment (accounting for market cycles)

42.4

years

Conservative

1.65% effective/yr

22.4

years

Market-Based

3.14% effective/yr

15.3

years

Optimistic

4.62% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $83.6M +18%

Market $96.7M +36%

Optimistic $111.6M +57%

$55.4M est. equity

20 Years

Conservative $98.5M +39%

Market $131.7M +85%

Optimistic $175.3M +147%

$114.7M est. equity

30 Years

Conservative $116.0M +63%

Market $179.3M +153%

Optimistic $275.5M +288%

$179.3M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia have?

This apartment at Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia features 3 bedrooms with 1,591 square feet of living space.

What is the size of Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia?

This property offers 1,591 square feet of living space.

What is the listing price for Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia?

This property is listed at $71,000,000, which equals $44626 per square foot.

Is now a good time to buy a home in LV?

Based on current market indicators, LV shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is Elizabetes iela 18, Centra rajons, Rīga, LV-1050, Latvia, Riga, Latvia?

This is a apartment located in LV, Riga. The property is situated in an established neighborhood with convenient access to local amenities and services.

Brokerage: