Gleznotaju 4

RIX | Riga

Stately Home

Classic Elegance

View Photos Watch Film 360° VTour Open House

Ilze Mazurenko

Presented At

€2,900,000

Bedrooms

Bathrooms

Living

6,383

SQFT

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Gleznotaju 4

RIX | Riga

Gleznotaju 4, Riga, RIX, Riga, Latvia. , RIX , Riga

Luxury Private House Royal Residence Vecriga

You have a chance to purchase a sophisticated 5-storey private house „Royal Residence Vecriga” located in the heart of Rīga – Old Town, in the quiet place, in Gleznotāju Street. Beautiful historic buildings, Līvu Square, hotel Konventa Sēta, shopping centre Galerija Centrs, restaurants and cafes for every taste are just minutes away. The house was built in 1886 according to the design of the architect Alexey Kieselbasch. The main idea of the project – a house combining incompatible things as it might seem at first sight: the historical spirit and the splendour of Old Town along with the latest technologies. The first floor of the house has a lobby, a dining room and a kitchen. The second floor has a spacious living room, a kitchen, a bedroom and a bathroom. The third floor is private, it has a big bedroom and a bathroom. The fourth floor has a bedroom for guests and a bathroom. The private house has an elevator. „Royal Residence Vecriga” is equipped with a Smart home system (ABB), an air-conditioning and ventilation systems (Daikin), quality plumbing (TOTO). All materials and products in the house are from the leading worldwide manufacturers (Bang&Olufsen, Metos, Maletti, Angelo Cappellini, Сhristian Fischbacher, Swarovski). The ornate interior creates a sense of comfort, warmth and cosiness. The private house „Royal Residence Vecriga” is a great choice for those who appreciate the historic environment, luxury and comfort!

Property

Gallery

3D Street View Tour

Property Location

Gleznotaju 4, Riga, RIX, Riga, Latvia., RIX Riga

Local Weather & Climate

RIX, Riga

Current Conditions Updated recently

40 °F

Clear sky

Feels Like 37°F

Humidity 71%

Wind 5 mph

Visibility 6.2 mi

Sunrise 4:58 AM

Sunset 4:10 PM

5-Day Forecast

Sun 8 Mar

Clouds

High 37°

Low 37°

Mon 9 Mar

Clear

High 57°

Low 32°

Tue 10 Mar

Clear

High 52°

Low 34°

Wed 11 Mar

Clear

High 53°

Low 37°

Thu 12 Mar

Clear

High 56°

Low 40°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around RIX?

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.

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$290,000,000

Gleznotaju 4, Riga, RIX, Riga, Latvia.

RIX, Riga

3 Beds

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Market Opinion

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Our perspective on current market conditions in RIX. 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: $290,000,000 20% down ($58,000,000)

Investment Perspective

$1 → $1.36

Every dollar invested today could become $1.36 in 10 years

$100 → 136 $1,000 → $1,362

$24,920/day

Your home may appreciate while you sleep

$174,917/week $757,972/mo $9,095,666/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

-$159.6M

+$226.4M

$226.4M Potential Equity

vs $159.6M lost to rent over 10 years

$58.0M Down Payment Growth

3.9x

10yr

$226.4M

8.1x

20yr

$468.7M

12.6x

30yr

$732.4M

Wealth Comparison

×1,744

Equivalent to 1,744 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $732.4M

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 $341.5M +18%

Market $394.9M +36%

Optimistic $455.7M +57%

$226.4M est. equity

20 Years

Conservative $402.2M +39%

Market $537.8M +85%

Optimistic $716.2M +147%

$468.7M est. equity

30 Years

Conservative $473.7M +63%

Market $732.4M +153%

Optimistic $1,125.5M +288%

$732.4M 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 Gleznotaju 4, Riga, RIX, Riga, Latvia have?

This house at Gleznotaju 4, Riga, RIX, Riga, Latvia features 3 bedrooms with 6,383 square feet of living space.

What is the size of Gleznotaju 4, Riga, RIX, Riga, Latvia?

This property offers 6,383 square feet of living space.

What is the listing price for Gleznotaju 4, Riga, RIX, Riga, Latvia?

This property is listed at $290,000,000, which equals $45433 per square foot.

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

Based on current market indicators, RIX 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 Gleznotaju 4, Riga, RIX, Riga, Latvia?

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

Brokerage: