Miraflores

Lima's flagship clifftop district, gastronomy, walkability and the deepest rental market in the city

Updated May 24, 202611 min read

About Miraflores

Miraflores is the district every visitor to Lima knows: a clifftop grid wrapped around Parque Kennedy and the long, landscaped Malecón above the Pacific, where paragliders launch over the Costa Verde and the pre-Inca Huaca Pucllana pyramid rises between modern towers. It is cosmopolitan in a way few Latin American neighborhoods are, embassies, serviced apartments, Larcomar's clifftop mall, and a restaurant scene crowned by Maido, named the world's best restaurant in 2025. For investors, Miraflores offers Lima's most liquid and internationally legible real estate: the widest pool of expat and business tenants, the fastest resale times, and the strongest short-term-rental demand (with the caveat of increasing condo-level Airbnb bans). Gross yields are moderate (~5–6%), reflecting premium pricing rather than weak demand, the case here is stability, prestige and capital preservation. Expect to transact in US dollars at among the highest per-m² prices in Peru.

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Location

Miraflores in Lima, Lima, Peru

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Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.

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